Lion One Metals Limited · TSXV:LIO
Lion One Metals — Investor Presentation (May 2024)
25 slides from Lion One Metals's investor presentation, May 2024
Slide 1: Tuvatu Alkaline Gold Project | Fiji Islands
LIONONEMETALS.COM | TSXV:LIO | OTCQX: LOMLF Tuvatu Alkaline Gold Project | Fiji Islands Investor Presentation, May 2024 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: Ideally Positioned in the Pacific Ring Of Fire
Ideally Positioned in the Pacific Ring Of Fire Prolific geological & tectonic setting Host to several major gold & copper-gold systems 5 ane ie “opavouna SR GOLD RIDGE - TUVATU @® MG * VATUKOULAY.2" __ FULISLANDS NAMO woe nei F La U mony, One of the only large systems not owned by a major . ——— semc
Slide 4: Analog Alkaline Gold Systems
Analog Alkaline Gold Systems PORGERA, PNG LIHIR, PNG VATUKOULA, FIJI CRIPPLE CREEK, USA BARRICK NEWCREST ZHONGRUN NEWMONT py? ~_ MOZ GOLD. \ PRODUCED “..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 MET
Slide 5: The future looks good for Tuvatu ... the best is yet to come
“The future looks good for Tuvatu ... the best is yet to come” - Honourable Maciu Nalusima Minister for Mineral Resources Fiji METALS
Slide 6: Leadership Team
) i, Walter Berukoff CHAIRMAN & CEO Success Stories Northern Orion sold to Yamana in 2007 for $11B 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 TUVA
Slide 7: Mining-Friendly Jurisdiction
Mining-Friendly Jurisdiction §1 +100-year gold mining industry §1 Stable democracy & regulatory system §! Skilled mining workforce = 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 Ka
Slide 8: Location & Infrastructure
Location & Infrastructure be _ 20km um “*o'wresyarions. ce S5km q LAUTOKA DEEPWATER eae PORT NADI & LAUTOKA ro <1 hour [*s} URBAN CENTERS OF TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LAUTOKA” Ki Sabeto Valley Ad Exploration License LION ONE METALS | TSXV:LIO | OTCQX: LOMLF TUVATU Navilawa Caldera {J
Slide 9: Navilawa Caldera
Navilawa Caldera LION ONE - 1ST TO CONSOLIDATE THE ENTIRE CALDERA INTO SINGLE PROPERTY Long term mining license renewable in 2035 Bp Mining license covers Tuvatu [*} & multiple prospects — Exploration license covers =m caldera and beyond © Highly-experienced senior management team on-site TUVATU: FI
Slide 10: Tuvatu Processing Plant
Tuvatu Processing Plant POWER ; cnn . ‘, SR EAC! TA ONE SCREEN CRUSHERS, Pp PLANT REAGENT ELECTROWINNING & CARBON 4 WAREHOUSE #1 REGENERATION WORKSHOP. * FILTER PRESS SYSTEM — 300 TPD PLANT IN OPERATION; PLANNED EXPANSION TO 500 TPD Q TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:L
Slide 11: Tuvatu Deposit
Tuvatu Deposit § Steeply dipping high-grade gold lodes trending N-S and NE-SW §1 Surface footprint SOO m x 900 m § Extends to >1000 m depth § Open at depth and along strike §1 Zone 2 and Zone 5 near surface §1 Zone 500 feeder zone TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO |
Slide 12: Example Drill Results
EXAMPLE DRILL RESULTS High-Grade Gold Results ore aes 359.76 1.80 70.80 21.31 12.45 90.10 71.41 8.41 96.10 Near Surface 90.76 2.40 221.30 83.47 6.60 242.70 291.77 3.65 333.00 20.86 75.90 443.40 35.25 37.50 471.30 43.62 30.00 477.60 500m Level 90.35 7.20 494.40 [Bese Mest 55.43 12.70 571.00 Section D
Slide 13: Underground Mining
Underground Mining MINING UNDERWAY IN ZONE 2 AND ZONE 5 §! High-grade narrow vein gold § Flexible use of airleg mining and long hole open stoping to minimize dilution §) Adaptable to a range of mining conditions §1 Long hole production starting May 2024 Gold Grades in g/t q TUVATU: FIJI'S NEXT HIGH
Slide 14: Stockwork Veining
Stockwork Veining ADDITIONAL HIGH-GRADE MINERALIZATION §! Network of gold-bearing veinlets in a halo around the main lode §! Veinlets in multiple orientations, often parallel or sub-parallel to drill axis §) Under-represented in infill drilling §! Increased tonnage and width of mining — suitable for
Slide 15: Additional Discoveries
Additional Discoveries §! URA1 — new discovery 75m into development decline §§ URW1- single lode revealed to be multiple separate lodes, with stockwork halo §! Additional discoveries to be expected as mining advances = Additional mineralization along strike; already mining outside the original PEA N
Slide 16: Navilawa Caldera
Navilawa Caldera Southwest Navilawa Caldera Northeast Schematic Cross-section 17
Slide 17: Lumuni Discovery
1876650 1876700 1876750 e e i r —.—.— . Lumuni Discovery 8 — 8 el N-S Striking Zone —— | Ls a T 1,00 —| & iid 48.45 g/t over 0.7 m (CH3851) bed 66.83 g/t over 0.7 m (CH3850) ] § New discovery in 2023 15.18 g/t over 1.1 m (CH3849) sainenesine I Z I i 1 by Au (g/t) “ 4.24 g/t over 0.4 m (CH3848) ° -_
Slide 18: Wailoaloa Discovery
Wailoaloa Discovery 1 New alkalic copper-gold [= porphyry discovery ~~ §] 1km northeast of Tuvatu § Strong surface copper anomaly §1 Drilled four test holes in 2023, the first hole hit 163.2 m of 0.17% copper = Potassic alteration and veining intensity increasing with depth 127.8 m at 0.12% Cu 210.8
Slide 19: Kingston Banana Creek Lumuni
Kingston Banana Creek Batiri Creek Lumuni Wailoaloa Tuvatu
Slide 20: Discovery Pipeline
Operating Mine Exploration and Development A Discovery Pipeline Definition West Zone (Plant Site) Target Size a Unknown Early Target Prospect q TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF § LION ONE
Slide 21: State of the Art Lab On-Site
State of the Art Lab On-Site §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 §] Production capacity of over 10,000 samples per month q TUVATU: F
Slide 22: First Gold Poured, 300 TPD Achieved, 2025 Planned
Se aa 6 Ary J1a8 Fae < <— Poy ae 3 TSE. First Gold Po ze, Achieved 300 TPD P ¥ F 2024 Cae Ongoing i. 2025 Planned 22 TUVATU: Fis: SUEXT HIGH GRADE GOLD MINE LION. ONE*METALS +, TSXU:LIO 1 orem ~~ eS. oes ion Bie 3 ar
Slide 23: Compelling Value Proposition
Compelling Value Proposition §) High-grade gold resource One of the only large §) Mining-friendly jurisdiction systems not § Strong proven executive leadership already owned by a major mining company §) Highly experienced operations team §1} 300 TPD pilot plant in operation §) Near-term positive cas
Slide 24: Corporate Snapshot
Corporate Snapshot CAPITALIZATION SHARE CAPITAL As of April. 30, 2023 Shares Outstanding 230.55 M Options 1514 M Warrants 6708 M Shares Fully Diluted 31297M Market Capitalization CAD $115.19 M LIO: SO49 | S2wk: $1.06 $0.38 | Avg. vol: 257K ius AprG0 2004 Gpn0 408" his). 50 Lo=0.479 Gleb 49 VolNdz! 9
Slide 25: LIONONEMETALS.COM Q&A
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