Lion One Metals Ltd V.LIO

Alternate Symbol(s): LOMLF | V.LIO.WT

Lion One Metals Limited is a Canadian gold producer. It is in the business of mineral exploration and evaluation and is focused on the development of mineral resources in Fiji. The Company is the owner and operator of the Tuvatu Gold Mine located on the island of Viti Levu in the Fiji Islands. The Tuvatu Gold Project has been fully permitted for development, construction, and mining by the Government of Fiji with the grant of a Special Mining Lease (SML 62). The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Property comprises four special prospecting licenses (SPL 62), with a total area of 20,170.5 hectares. It also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets. It holds four exploration licenses for the Tuvatu properties as granted by the mineral resources department.

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Lion One Metals Ltd > Time for another gold pour?

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Post by roberto146on Jan 04, 2024 10:28am

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Post# 35810393

Time for another gold pour?

It's been 3 months since the first one ... the 'Ceremonial Pour'.
At that time, the NR claimed that "The mill is expected to ramp up to 300 TPD by the end of October 2023, expanding further to 500 TPD in mid-2024."
Not a peep since about more pours during ramp up, which should have been running at 300 tpd (65 oz/day Au?) for a couple of months now during commissioning. That would be about 3,600 oz, or maybe USD $7MM. Yesterday told us nothing, except "As we continue to advance the Tuvatu Gold Project from development towards commercial production', that they borrowed/drew another USD $7+ million net of discounts and fees, and hired a few more senior people.

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