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

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Post by nozzpackon May 02, 2024 7:32am

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Post# 36018962

NAV Drivers of Value

1....LOM ( Mine life )

2...Grade

3....cash costs

4..Debt Capex

1......There are few other mines that can compete with Alkaline gold deposits....NewMonts Lihir has been producing over 600,000 ounces per year for over 25 years .....Fiji Emperor over 75 years

2....Emperor at 6 grams, Lihir at 2 grams , Vacatu over 10 grams

3...cash costs ....inverse to gold grade...Vacatu has very high grades

4..Debt capex ......LIO debt is very modest hence high IRR and quivk payback

So, in any updated FS, the NAV will be very Robust and probably above $3 per year at POG above $2000 US

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Advancing flagship Ishkõday Gold Project in Ontario