Lion One Metals Limited · TSXV:LIO
Lion One Metals — Investor Presentation (September 2023)
23 slides from Lion One Metals's investor presentation, September 2023
Slide 1: Tuvatu Alkaline Gold Project | Fiji Islands
LIONONEMETALS.COM | TSXV:LIO | OTCQX: LOMLF Tuvatu Alkaline Gold Project | Fiji Islands Corporate Presentation, September 2023 DRILLING | DISCOVERIES | DEVELOPMENT | PRODUCTION
Slide 2: Forward Looking Statements
Forward Looking Statements DISCLAIMER The information provided in this presentation is not intended to be a comprehensive review of all matters and developments concerning the Company and should be read in conjunction with all other disclosure documents of the Company. The information contained here
Slide 3: Tuvatu: Project Commissioning Underway
Tuvatu: Project Commissioning Underway TUVATU PROCESSING PLANT — 300 TPD OPERATIONS STARTUP Q4 2023 q TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF §! LION ONE ETALS
Slide 4: Project Commissioning Underway
Project Commissioning Underway 4 | TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LEACHING REAGENT BALL MILLS TANKS WAREHOUSE #2 ELECTROWINNING. - - = & CARBON REGEN [os FILTER PRESS WORKSHOP LION ONE METALS | TSXV:LIO | OTCQX: LOMLF STORAGE YARD *~
Slide 5: Project Commissioning Underway
Project Commissioning Underway Mine Workshop Conveyor Belt 3 aS eS Screen Plant © ST il ame a ‘onveyor Belt 2 ‘s “i Jaw Crusher & | Cone Crusher Mine Changeroom CRUSHERS & CONVEYER SYSTEM POWERED UP AUGUST 2023 TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF
Slide 6: Tuvatu
5 ane C ia “opavouna TUVATU SR GOLD RIDGE FIJI ISLANDS *VATUKOULAYZ” NX \ ‘NAMOSI_ : Ideally 7 Positioned in the oY Pacific Ring Of Fire 29 es Prolific geological & wo aca tectonic setting Host to several major gold & copper-gold systems One of the only large systems not owned by a major . ——] smmcm
Slide 7: Analog Alkaline Gold Systems
Analog Alkaline Gold Systems PORGERA, PNG LIHIR, PNG VATUKOULA, FIJI CRIPPLE CREEK, USA BARRICK NEWCREST ZHONGRUN NEWMONT py? “..alkaline magmas...carry a lot of gold... usually, they turn out to be big.” Quinton Hennigh q TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX:
Slide 8: Access & Infrastructure
Access & Infrastructure FROM INTERNATIONAL AIRPORT be 20km 35km FROM DEEPWATER PORT NADI & LAUTOKA 9 <1 hour [*9) FROM URBAN CENTERS OF TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE Vatia Warf LION ONE METALS | TSXV:LIO | OTCQX: LOMLF FIJI VITI LEVU {J LION ONE
Slide 9: Mining-Friendly Jurisdiction
Mining-Friendly Jurisdiction §1 +100-year gold mining industry §1 Stable democracy & regulatory system §! Skilled mining workforce §1 Multinational mining ventures 1 Incentives for foreign investors “With Lion One, | am very impressed ... Lion One sets the bar for those that follow” - Ratu Wiliame K
Slide 10: Corporate Snapshot
Corporate Snapshot CAPITALIZATION SHARE CAPITAL As of Sept. 1, 2023 Shares Outstanding 206.32 M Options 11.06 M Warrants 448M Shares Fully Diluted 258.86 M Market Capitalization $185 M LIO: $0.90 | 52wk: $1.07$0.59 | Avg. vol: 230K LIQUIDITY SNAPSHOT S45M Working Capital (Q4 June 30) $16M Standby Cr
Slide 11: Walter Berukoff
/ i Walter Berukoff CHAIRMAN & CEO Success Stories Northern Orion sold to Yamana in 2007 for $1.1B Miramar Mining sold to Newmont in 2008 for $1.5B La Mancha sold in 2012 for S600M Emperor Gold Mines Fiji Gold Assets (Vatukoula & Tuvatu) purchased in 2008. Lion One Metals Limited created in 2011 Lea
Slide 12: Senior Technical Advisor
Senior Technical Advisor §1 Geological and Technical Director of global asset management firm Crescat Capital §1 Previous positions with Homestake Mining (now Barrick Gold Corp.), Newcrest Mining, and Newmont Corp. §1 Co-chairman of Novo Resources Corp, taking the company from exploration to product
Slide 13: Navilawa Caldera
Navilawa Caldera LION ONE - 1ST TO CONSOLIDATE THE ENTIRE CALDERA INTO SINGLE PROPERTY 46 g/t Au - BANANA CREEK Long term mining license = renewable in 2035 Ps Mining license covers Tuvatu @ 92.55 g/t & multiple prospects LUMUNI piscovery = Exploration license covers : 293 g/t Au = caldera and beyon
Slide 14: Representative Drill Results
REPRESENTATIVE DRILL RESULTS e GRADE INTERVAL FROM Tuvatu Deep High-Grade Feeder Gita) “metors) ater) 359.76 1.80 70.80 > 21.31 12.45 90.10 7 1.41 8.41 96.10 — Near Surface 20.61 7.50 123.60 291.77 3.65 333.00 33.22 4.29 422.53 20.86 75.90 443.40 FEEDER ZONE 35.25 37.50 471.30 EXPECTED PRODUCTION NY
Slide 15: Early Mining Underway
Early Mining Underway TUVATU IS FULLY-PERMITTED FOR UNDERGROUND CONSTRUCTION AND OPERATIONS AIRLEG MINING = MULTIPLE ADVANTAGES §! Access to high-grade veins § Minimal dilution §) Adaptable to a range of mining conditions §! Provides optionality Estimated >20,000 tonne high-grade feed stockpile upon
Slide 16: New Lodes Discovered
Fi New Lodes Discovered wn Portal, tan WO | | SURAT lode \ =! URA1 lode discovered just 75m into new t \ development decline 7 4 = Narrow vein complexity defies traditional | /| URW1 lodes x wireframe modeling Doe H §! 20m infill drilling too imprecise to identify f } (| every structure T ij . Plan
Slide 17: State Of The Art
State Of The Art Onsite Lab §1 Provides critical support for 7 company-owned drill rigs §) Rapid assay turnaround §) Fire assay, ICP, and Metallurgical Testing §! Facilitates real-time optimization of mining and drilling activities §] Achieved record monthly production of +7,500 assays in March 2023
Slide 18: Near-mine Exploration Upside
Near-mine SECTION VIEW an - PLAN VIEW N-NE LODES Exploration WEST sates i : LODES Upside EXPLORATION OPPORTUNITIES OUTSIDE BLOCK MODEL Deep Feeder Zone Tuvatu West Lodes Tuvatu North - NE fe10]0)740)\| = Tuvatu South - SW S-SW LODES PLAN VIEW a2 2 2 @ Fl TUVATU BLOCK MODEL Q TUVATU: FIJI'S NEXT HIGH
Slide 19: Multiple Deep Feeders Possible
Multiple Deep Feeders Possible §! System extends over several kms, with numerous high and bonanza grades evidenced near surface §1 >30 high-potential drill targets already identified §) Historic & artisanal workings with high BLEG geochem values §! Confirmatory steep CSAMT gradients throughout TUVAT
Slide 20: Responsibilities Of Stewardship
Responsibilities Of Stewardship GOVERNANCE Uncompromising ethical business practices ENVIRONMENT Minimal surface disturbance Use of solar energy to minimize fossil fuels COMMUNITY Clear alignment with local landowners, communities, and regulatory agencies OPERATIONS Commitment to international best
Slide 21: METALS
METALS
Slide 22: Compelling Value Proposition
Compelling Value Proposition §) High-grade gold resource § Mining-friendly jurisdiction i Strong proven executive leadership One of the only large §) Highly experienced operations team systems not already owned by a major mining company §) Starter plant soon to be completed § Near-term first gold po
Slide 23: LIONONEMETALS.COM
LIONONEMETALS.COM | TSXV:LIO | OTCQX: LOMLF Q&A Lion One Metals Limited 306-267 Esplanade West North Vancouver BC V7M 1A5 Call 1.855.805.1250 Info@liononemetals.Com Www.Liononemetals.Com
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