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.

TSXV:LIO - Post by User

Lion One Metals Ltd > Ronan's (IR) reply to my email about the last 2 NRs

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Post by WisGuy1on Jan 05, 2024 9:30pm

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Post# 35813458

Ronan's (IR) reply to my email about the last 2 NRs

Ronan Geoghegan
Corporate Development

8:16PM

to me

Thanks for the updates and apologies for not getting back to you sooner. I’m glad the addition of Alex, Dave and Melvyn has been well-received. We’re very happy to have them on board. In terms of the Nebari Tranche 2 financing, that is related to the 500 TPD mill expansion. Once we completed the equity raise in May 2023 we decided to expedite the 500 tpd mill expansion from fall 2025 to fall 2024. In doing so we need Tranche 2 (and possibly Tranche 3 – the remaining $4M) to complete the expansion.

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