Lion One Metals Limited · TSXV:LIO
Lion One Metals — Investor Presentation (June 2023)
22 slides from Lion One Metals's investor presentation, June 2023
Slide 1: Tuvatu Alkaline Gold Project | Fiji Islands
LIONONEMETALS.COM | TSXV:LIO | OTCQX: LOMLF Tuvatu Alkaline Gold Project | Fiji Islands Corporate Presentation, June 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
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 . ——— semcm
Slide 4: 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 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 §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 7: Corporate Snapshot
Corporate Snapshot CAPITALIZATION SHARE CAPITAL As of June 1, 2023 Shares Outstanding Options Warrants Shares Fully Diluted Market Capitalization 206M 15M 415M 259M $150M LIO: SO.70 | S2wk: $1.66 $0.59 | Avg. vol: 324K LIQUIDITY SNAPSHOT $30M Nebari Loan Facility (Feb.2023) $37M Working Capital (Q3
Slide 8: 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 9: 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 10: 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 9 Mining license covers Tuvatu [*3) & multiple prospects — Exploration license covers = caldera and beyond > NUBUNIDIKE © Highly-experienced se
Slide 11: 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 12: 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 13: New Lodes Discovered in Portal
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 14: 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 Metallurgical Testing §! Facilitates real-time optimization of mining and drilling activities §] Achieved record monthly production of +7,500 assays in March 2023
Slide 15: 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 500 TPD PRODUCTION BY 2025 ea q TUVATU: FIJI'S NEXT HIGH GRADE
Slide 16: First Gold Pour Targeted for Q4 2023
First Gold Pour Targeted for Q4 2023 oth §] 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 q TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF §! LION ON
Slide 17: Near-mine Section View and Plan View 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 18: 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 19: 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 20: METALS
METALS
Slide 21: Compelling Value Proposition
Compelling Value Proposition §) High-grade gold resource § Mining-friendly jurisdiction §) Strong proven leadership One of the only large §) Highly experienced on-site management team systems not already owned by a major mining company §) Starter plant soon to be completed § Near-term first gold pou
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