Lion One Metals Limited · TSXV:LIO
Lion One Metals — Investor Presentation (March 2021)
19 slides from Lion One Metals's investor presentation, March 2021
Slide 1: Tuvatu Gold Project – Navilawa Alkaline Gold System, Fiji Islands
Tuvatu Gold Project Navilawa Alkaline Gold System Fiji Islands March 2021
Slide 2: Disclaimer, Forward-Looking Statements, Technical Disclosure
DISCLAIMER The information provided in this presentation is not intended to be a comprehensive review of all matters and developments Forward-looking statements are subject to a variety of known and concerning the Company and should be read in conjunction with unknown risks, uncertainties and other
Slide 3: Highlights: High Grade Gold Assets in Fiji
HIGHLIGHTS: HIGH GRADE GOLD ASSETS IN FIJI Rare 7km-wide high grade alkaline gold complex with vast structural network mapped at >1.2km depth. Extremely high grade depth extensions of current resource recently discovered in Tuvatu mining lease permit area. Fully permitted for production through the
Slide 4: Leadership and Technical Team Have a Long History of Success
LEADERSHIP AND TECHNICAL TEAM HAVE A LONG HISTORY OF SUCCESS Stephen Mann Managing Director Formerly BHP, Newcrest, Cogema/AREVA, La Mancha, Avocet Resources Kevin Li Walter Berukoff Project Manager - Tuvatu Chief Executive Officer Formerly Fluor, SNC-Lavalin, Saskpower, Founder and CEO of notable g
Slide 5: Investment Profile: $65M Working Capital
INVESTMENT PROFILE: $65M WORKING CAPITAL ISSUED & OUTSTANDING CAPITAL Shares: 155,654,393 Warrants: 11,340,337 Broker units: 1,303,010 Options: 7,997,500 Fully Diluted: 176,295,240 52-Week $0.72-$2.66 Share Price: $1.50 Market Cap: $232 million Market Cap (FD): $264 million Cash: $62 million Debt: N
Slide 6: Dual Expl-Dev Opportunity
DUAL EXPL-DEV OPPORTUNITY NAVILAWA ALKALINE GOLD SYSTEM Greenfield exploration upside TUVATU HIGH GRADE GOLD PROJECT coupled with brownfield development opportunity Lautoka First company to consolidate the Viti Levu, Fiji Navilawa Gold System Tuvatu mining lease (SML62) located at center of 200 km²
Slide 7: Our Focus Is on High Grade Depth Extension
OUR FOCUS IS ON HIGH GRADE DEPTH EXTENSION over 30 geochemical anomalies in excess of 5 g/t Au along 7km strike Current resource at 3.0 g/t cutoff: 299,500 oz. indicated @ 8.46 g/t Au 468,000 oz. inferred @ 9.70 g/t Au 46g/t 20g/t 100g/t 293g/t 101g/t 502g/t Au from rock Au from rock Au from rock Au
Slide 8: Using Science to Realise the Potential of the Navilawa Caldera
USING SCIENCE TO REALISE THE POTENTIAL OF THE NAVILAWA CALDERA BLEG Sampling of catchments highlights prospectivity of entire Navilawa Caldera Catchment Analysis Caldera Rim Potassium radiometrics reveals scale of fluid BLEG (Au ppb) Navilawa V. BLEG site Naisala Creek migration through system in Na
Slide 9: Using Science to Realise the Potential of the Navilawa Caldera
USING SCIENCE TO REALISE THE POTENTIAL OF THE NAVILAWA CALDERA CSAMT/ DEEP DRILLING PROGRAM 2020 drilling program targets CSAMT gradients to confirm deep-rooted feeder pathways N Structural corridors can host feeder veins and are conduits for high grade mineralization from deep crustal fluids Target
Slide 10: High Grade Depth Extensions, Deep Rooted Feeder Structures
Ongoing diamond drilling program HIGH GRADE DEPTH EXTENSIONS has extended the known resource DEEP ROOTED FEEDER STRUCTURES to 750m depth and remains open Results include: TUDDH493: URW3 UR2 4.29m @ 33.2 g/t Au TUDDH500: URW1 2.0m @ 46 g/t Au UR5 12.7m @ 55.4 g/t Au Tuvatu – Indicated/ Inferred resou
Slide 11: Distribution of Alkaline Systems in the South Pacific
DISTRIBUTION OF ALKALINE SYSTEMS IN THE SOUTH PACIFIC Porgera, PNG Barrick Goldcorp Lihir Island, PNG >20M oz mined Newcrest >10M oz mined. Associated with deep crustal alkaline magmas and expansive structural networks Valued for high grades, large Vatukoula, Fiji endowments, deep vertical profiles
Slide 12: World Class Examples of Alkaline Gold Systems in the Region
WORLD CLASS EXAMPLES OF ALKALINE GOLD SYSTEMS IN THE REGION HIGHLIGHTS POTENTIAL YIELD Tier 1 mines in the South Pacific region with geologically similar alkaline complexes can exceed 40M oz, highlighting the potential yield of the Tuvatu project once fully explored. Porgera Lihir Vatukoula Tuvatu P
Slide 13: Roscoelite: Indicator Mineral Diagnostic for Alkaline Systems
ROSCOELITE: INDICATOR MINERAL DIAGNOSTIC FOR ALKALINE SYSTEMS High-grade (~300 g/t) visible gold vein with Roscoelite (Tuvatu, Fiji) High-grade gold bearing vein with Roscoelite (Porgera, PNG) 13
Slide 14: Tuvatu: Updated Economic Study
TUVATU: UPDATED ECONOMIC STUDY High grade, low cost, fully permitted production opportunity After-tax economics at US$2000/oz gold price initial five year mine life Cash flow: $309 million on US$66.8 million CAPEX Production: 331,369 oz Au at average of 8.6 g/t Au Operating Cost: US$543/oz AISC: US$
Slide 15: Tuvatu Mining Lease: Ongoing Development
TUVATU MINING LEASE: ONGOING DEVELOPMENT Evaluating Configuration for Pilot Plant and Starter Mine Operation; Bulk Earthworks Substantially Complete While instructive as to the size and scale of project that the Tuvatu resource might support, the 2015 Tuvatu PEA is now outdated and cannot be relied
Slide 16: 2019-2020 Key Milestones
2019-2020 KEY MILESTONES Lion One’s Development Nadi HQ Assay CSAMT 3D SPL 1512 consolidates Laboratory mapping reveals 3rd drill rig Navilawa-Tuvatu BLEG survey commissioned deep structural mobilized High grade feeder progress tenements confirms scale of networks below Fourth rig on structure inter
Slide 17: Key Developments & Adaptations During COVID-19
KEY DEVELOPMENTS & ADAPTATIONS DURING COVID-19 Remain committed to accelerating exploration and development program to deliver maximum value to shareholders Protected staff and community health through the implementation of Lion One’s CovidSafe guidelines before first documented case of Covid-19 in
Slide 18: Refining Our Vision Post-COVID: Key Outcomes from 2021 and Beyond
REFINING OUR VISION POST-COVID: KEY OUTCOMES FROM 2021 AND BEYOND 2H20 1H21 2H21 1H22 2H22 Planning of mining operations Development of mining Consolidation of develop. Preparing for operational and finalisation of: operations: operations: capacity: Commence gold - Process plant route - Acquisition
Slide 19: Lion One Metals Limited
Lion One Metals Limited 306-267 West Esplanade North Vancouver BC V7M 1A5 Canada Investor Relations Tel: 604-998-1250 Fax: 604-998-1253 Toll Free: 1-855-805-1250 email: info @ liononemetals.com www.liononemetals.com