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.

TSXV:LIO - Post by User

Lion One Metals Ltd > Zone 5 ……29 grams per ton

<< Previous

Bullboard Posts

Next >>

Comment by Puma1backon Apr 28, 2024 4:30pm

136 Views

Post# 36011760

RE:Zone 5 ……29 grams per ton

Good little conversational with Quinton - i suspect he was a strong supporter of the financing given the propensity of NFG to do the same thing time & again. Drill, drill, & then drill some more.

only take issue with his assertion that the capital raise was for the production side. LIO had cash, it could use it for exploration or production, not both as too thinly spread.

So no exploration for 2024 or a capital raise: it has hurt and Q1/Q2 are just going to be unpleasant. Can't spin it otherwise

nice modeling nozzpack

<< Previous

Bullboard Posts

Next >>

Rig Count Soars as Utilization Surpasses Industry Averages