Lion One Metals Ltd V.LIO

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

Metals & Mining Gold

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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Comment by 2b7f6fabon Jan 22, 2024 9:10am

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Post# 35838648

RE:RE:Time for another gold pour?

All true, but Q3 is only six months away. Ramping up to 500/tpd and mining milling the 500 zone should throw off a lot of cash flow. glta.

roberto146 wrote: I commented 1/4/24: "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."

I can see the error in my assumption now (and also someone at Ceo.ca). According to this news release most ore extraction is developmental, with probable negligible gold production. Possibly there will be something to help pay the bills. The 'follow the mineralization' and handheld extraction idea may result in some extra yield.
So until end-Q3 and 500tpd it seems expectations should be reduced for any meaningful production.