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 > Peak daily throughput of over 450 TPD!

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Comment by nozzpackon Jun 07, 2024 4:36am

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Post# 36076931

RE:Peak daily throughput of over 450 TPD!

That's about 40,000 tons per quarter which @20 grams per ton will generate about 20,000 to 25,000 ounces of production per quarter.

At 20,000, Thats 80,000 ounces per year and $250 million cad in annual revenues , advancing to over 100,000 ounces per year upon expansion to the next phase of 500 tpd.

Free cash flows to the bottom line of the balance sheet will be very robust, which will enhance our trading valuation..

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Advancing flagship Ishkõday Gold Project in Ontario