Lion One Metals Limited · TSXV:LIO
Lion One Metals — Investor Presentation (May 2023)
22 slides from Lion One Metals's investor presentation, May 2023
Slide 1: Tuvatu Alkaline Gold Project | Fiji Islands
LIONONEMETALS.COM | TSXV:LIO | OTCQX: LOMLF Tuvatu Alkaline Gold Project | Fiji Islands Corporate Presentation, May 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 = : wae Pacific Ring Of Fire As A et ERA “opavouna TUVATU Pas Prolific geological & ei tectonic setting SR GOLD RIDGE FIJI ISLANDS a MS *VATUKOULAYZ” Host to several major gold x amos al & copper-gold systems “ fj The only large alkaline gold system not owned by a major .
Slide 4: Analog Alkaline Gold Systems
Analog Alkaline Gold Systems PORGERA, PNG LIHIR, PNG VATUKOULA, FIJI CRIPPLE CREEK, USA BARRICK NEWCREST ZHONGRUN NEWMONT ‘Moz GoD “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 METALS | TSX
Slide 5: 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 6: Mining-Friendly Jurisdiction
Mining-Friendly Jurisdiction s} +100 year gold mining industry %} Stable democracy & regulatory system 8) Skilled mining workforce s} Multinational mining ventures %) Incentives for foreign investors Q TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF §! LION ONE
Slide 7: Walter H. Berukoff: Strong Proven Leadership
WALTER H. BERUKOFF Strong Proven Leadership DELIVERED BILLIONS OF DOLLARS VALUE TO SHAREHOLDERS TRACK RECORD Northern Orion Resources Walter H. Acquired by Yamana Gold in 2007 for $1.1B Berukoff Miramar Mining Corp. Founder, Acquired by Newmont in 2008 for $1.5B Chairman & CEO La Mancha Resources Ac
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: Navilawa Caldera
Navilawa Caldera LION ONE - 1ST TO CONSOLIDATE THE ENTIRE CALDERA INTO SINGLE PROPERTY Long term mining license = renewable in 2035 9 Mining license covers Tuvatu [*3) & multiple prospects 2S Exploration license covers << caldera and beyond © Highly-experienced senior 3 management team on-site prosp
Slide 10: 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 n
Slide 11: 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 12: Potential For New Lode Discoveries
Fi Potential For New Lode —— @\pesine porta Discoveries aN | | URAM lode \ = Narrow vein complexity defies traditional t \ wireframe modeling ri 4 =! 20m infill drilling too imprecise to identify every structure | /| URW1 lodes x H §) URA1 lode discovered just 75m into new f | (| development decline
Slide 13: State Of The Art Onsite Lab
State Of The Art Onsite Lab §1 Provides critical support for 7 company-owned drill rigs §) Rapid assay turnaround §] Fire assay, ICP, and Met test capabilities §! Facilitates real-time optimization of mining and drilling activities §] Achieved record monthly production of +7,500 assays in March 2023
Slide 14: Demonstration Mill Under Construction
300 TPD Demonstration Mill Under Construction §! Small size conserves capital and limits risk §! Leverages learnings across entire resource §] Quantifies operating parameters and cost §! Positions for cash flow DESIGNED FOR EXPANSION TO S00 TPD PRODUCTION SCALE IN 2025 ‘| LION ONE TUVATU: FIJI'S NEX
Slide 15: First Gold Pour Targeted for Q4 2023
First Gold Pour Targeted for Q4 2023 §] Excellent and experienced project team in-charge § Progress is being monitored carefully and in detail §] Project on track and on budget for scheduled start-up TUVATU: FS NEXT HIGH GRADE GOLD MINE fr roa ensure escH «foarte vo. LION ONE METALS | TSXV:LIO | OTC
Slide 16: Near-mine Section View and Plan View
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 500 ZONE Tuvatu South - SW S-SW LODES a2 2 2 @ Fl TUVATU BLOCK MODEL Q TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE
Slide 17: 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 18: 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 19: Metals
METALS
Slide 20: Compelling Value Proposition
Compelling Value Proposition §) High-grade gold resource § Mining-friendly jurisdiction §) Strong proven leadership The only known large §) Highly experienced on-site management team system not "1 Starter plant soon to be completed already owned by a § Near-term first gold pour major mining company
Slide 21: Investing In Gold
Investing In Gold Lion One Metals §1 Global banking & currency crises — an undervalued §! Geopolitical instability driving demand growth opportunity §1 Increasing portfolio weightings for gold equities & accelerating M&A i 2,004.24 | » 999 %! Market timing: lowest retail levels Mua iN J Viva \/ i }
Slide 22: 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