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 > Quinton on Lionone

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Comment by nozzpackon Apr 27, 2024 2:57pm

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Post# 36011114

RE:Quinton on Lionone

The ramp up seems to be going well with stopeing accelerating.

Once ramped up to 500 tod....which is very soon..the next objective is reaching the 500 zone where grades are very high.

500 tpd gets us about 165,000 tons per year.

Zone 2 by my calculations is close to 20 grams per ton based on recent drill results.
The Feeded Zone 500 is nearly one ounce per ton.

Lets say, the average grade mined will be between 10 grams per ton and 20 grams per ton.

At 10 grams per ton, annual production will be about 50,000 ounces per year and 100,000 ounces per year at 20 grams per ton.
At those very high grades, cash costs will be below $700 US per ounce.

At $2000 US POG, the early stage mining at just 500 tpd, cash flow would be about $65 million US per year , rising to $130 million US per year at 20 grams head grade.

$65 million US in cash flow is $90 million in C$ which is about $0.30 per share and over $2 per share market cap at 7.5 times..

Current POG is well over $2300 US.

So , an excellent outlook..