Lion One Metals Limited · TSXV:LIO
Lion One Metals — MIF Presentation, November 2023
25 slides from Lion One Metals's conference presentation, November 2023
Slide 1: Tuvatu Alkaline Gold Project | Fiji Islands
LIONONEMETALS.COM | TSXV:LIO | OTCQX: LOMLF Tuvatu Alkaline Gold Project | Fiji Islands MIF Presentation, November 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: 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: Tuvatu Plant Construction Complete
Tuvatu Plant Construction Complete ROM Pee LEACHING REAGENT POWER BALL MILLS TANKS WAREHOUSE #2 PLANT ’ - ’ ne 2 = v >Re 7 Pas ad JAW & CONE SCREEN CRUSHERS, Pp PLANT REAGENT 4 WAREHOUSE #1 REGENERATION WORKSHOP. * FILTER PRESS SYSTEM — 300 TPD PLANT IN OPERATION; EXPANSION TO 500 TPD IN Q3 2024 Q T
Slide 6: 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 7: Walter Berukoff / Leadership Team
| \ i Walter Berukoff CHAIRMAN & CEO Th 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
Slide 8: 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 9: Corporate Snapshot
Corporate Snapshot CAPITALIZATION SHARE CAPITAL As of October. 1, 2023 Shares Outstanding 206.32 M Options 11.06 M Warrants 448M Shares Fully Diluted 258.86 M Market Capitalization CAD $175 M LIO: SO.85 | 52wk: $1.07 $0.64 | Avg. vol: 170K FiNov $3005 Oon089 Heo Bs Lod S) Gb 89 Voln920 708 Vearhin4.
Slide 10: Access & Infrastructure
Access & Infrastructure FROM INTERNATIONAL AIRPORT due 20km 35km FROM DEEPWATER PORT NADI & LAUTOKA ro <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 11: 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 12: 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 2 & multiple prospects LUMUNI piscovery 2= _ Exploration license covers : 293 g/t Au = caldera and beyond f :
Slide 13: Tuvatu Overview
Tuvatu Overview § 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 14: High-Grade Gold Results
High-Grade Gold Results DEEP FEEDER ZONE EXPLORATION, DEVELOPMENT DRILLING TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE — ZZ ne Near Surface} REPRESENTATIVE DRILL RESULTS 500m Level East-West Section Depiction GRADE INTERVAL FROM (g/t Au) (meters) (meters) 359.76 1.80 70.80 21.31 12.45 90.10 71.41 8.41
Slide 15: Airleg Mining
Airleg Mining MINING UNDERWAY IN ZONE 2 AND ZONE 5 ADVANTAGES OF AIRLEG MINING: §) Access to high-grade veins §! Minimal dilution §) Adaptable to a range of mining conditions §! Provides optionality Early-stage mining is returning higher grades & better widths than expected Gold Grades in g/t q TUVA
Slide 16: 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 ’ ie ces = §) Missed by drilling §! Increased tonnage and width of mining — switch to mecha
Slide 17: Additional Discoveries
Additional Discoveries § URA1 — new discovery 75m into development decline §§ URW1- single lode revealed to be multiple separate lodes, with stockwork halo § 20m infill drilling too imprecise to identify every structure §1 Additional discoveries to be expected Additional mineralization along strike;
Slide 18: Regional Exploration
Regional Exploration ul Multiple deep feeder systems possible throughout the caldera System extends over several kms, with numerous high and bonanza grade samples at surface >30 high-potential drill targets already identified Historic & artisanal workings with high BLEG geochem values Confirmatory s
Slide 19: Lumuni Discovery
1876650 1876700 1876750 L 1 1 Lumuni Discovery C \ N-S Striking Zone n 48.45 g/t over 0.7 m (CH3851) 3922100 3922050 en, hy, ite, T 3922100 §! Brand new discovery 66.83 g/t over 0.7 m (CH3850) ] Channel Sample Results by Au (eA) § 1km north of Tuvatu @ >100 @ 3-10 rans §! Traceable on surface for >1
Slide 20: 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 21: 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 22: METALS
METALS
Slide 23: sont “ae = ar “\TUVATUSFIUPSINEXT HIGH GRADEGOLD MINE Jp x LION ONE METALS “1
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Slide 24: 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 §] 300 TPD pilot plant complete §] Near-term positive cash flow
Slide 25: 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