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 > common lio

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Comment by nozzpackon Apr 25, 2024 4:45pm

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Post# 36008039

RE:RE:RE:RE:RE:RE:RE:RE:common lio

Thank you.
Lets take those 26,000 tons forecast to be milled for the three months of March to May 2024.

At putative 10 grams per ton ....260,000 grams of contained gold....about 8000 ounces of recovered gold...gross revenues would be in excess of $20 million in C$.

Cash flows would be at least 50% of gross, based on the high head grade.

It does not matter whether or not this is capitalized ....it's still cash flow..

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