Lion One Metals Limited · TSXV:LIO
Lion One Metals — Investor Presentation (September 2024)
25 slides from Lion One Metals's investor presentation, September 2024
Slide 1: Tuvatu Alkaline Gold Project | Fiji Islands
LIONONEMETALS.COM | TSXV:LIO | OTCQX: LOMLF Tuvatu Alkaline Gold Project | Fiji Islands Investor Presentation, September 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 sae ae. “opavouna SR GOLD RIDGE - TUVATU @® Wa * VATUKOULAS 2" _ Ful ISLANDS use es en U ony, NAMOSI One of the only large systems not owned by a major . ——— semcmor
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.” Dr Quinton Hennigh q TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE M
Slide 5: Location & Infrastructure
Location & Infrastructure be 20km um “> wrepyarions. ce S5km LAUTOKA DEEPWATER PES PORT NADI & LAUTOKA ro <1 hour ['3} URBAN CENTERS OF TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LAUTOKA.__ af Sabeto Valley Ad Mining Leese” Exploration License LION ONE METALS | TSXV:LIO | OTCQX: LOMLF TUVATU. Navilawa
Slide 6: 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 7: 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 8: June Gold Sale / Production Ramp-up
Tuvatu Monthly Gold Production 1800 1710 oz recovered ———» 1600 in June 1400 1200 3 1636 oz poured 2 in June 3 1000 3 [o) 800 600 400 200 0 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 —*-Gold Recovered (oz) —e-Gold Poured (oz) TUVATU: FIJI'S NEXT HIGH G
Slide 9: Tuvatu Processing Plant
Tuvatu Processing Plant ROM Pee LEACHING REAGENT POWER 4 BALL MILLS) TANKS WAREHOUSE #2 PLANT ~ - : mee v >Re are oe SCREEN CRUSHERS, Pp PLANT REAGENT ELECTROWINNING & CARBON 4 WAREHOUSE #1 REGENERATION WORKSHOP. * FILTER PRESS SYSTEM }_ —— = — 300 TPD PLANT IN OPERATION; PLANNED EXPANSION TO 600-70
Slide 10: Tuvatu Deposit
Tuvatu Deposit Steeply dipping high-grade gold lodes trending N-S and NE-SW Surface footprint SOO m x 900 m Extends to >1000 m depth Open at depth and along strike Zone 2 and Zone 5 near surface 10 Zone SOO feeder zone TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOML
Slide 11: 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 Se MO 55.43 12.70 571.00 Section Depict
Slide 12: 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 started May 2024 Gold Grades in g/t q TUVATU: FIJI'S NEXT HIGH G
Slide 13: 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 14: Navilawa Caldera
Navilawa Caldera Southwest Navilawa Caldera Northeast Schematic Cross-section 17
Slide 15: 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 | §! Newly discovered lode system 15.18 g/t over 1.1 m (CH3849) Saaead I Z I i 1 by Au (g/t) 4.24 g/t over 0.4 m (CH3848) ° -
Slide 16: Wailoaloa Discovery New alkalic copper-gold porphyry 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 017% copper = Potassic alteration and veining intensity increasing with depth 127.8 m at 0.12% Cu» 210.
Slide 17: Kingston Banana Creek Lumuni
Kingston Banana Creek Batiri Creek Lumuni Wailoaloa Tuvatu
Slide 18: Tuvatu is associated with a 50-100 ppb anomaly
Tuvatu is associated with a 50-100 ppb anomaly. South extension anomaly is >100 ppb.
Slide 19: Operating Mine / Discovery Pipeline
Operating Mine Exploration and Development Discovery Pipeline Tuvatu Gold Mine Definition West Zone (Plant Site) Target Size on Unknown Early Target Prospect q TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF Va LION ONE
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: Regional Targets
qi 2 ? : ; asi Pe Ze a Zé IY : AME ° D> rchioved 4 st Gold Ou ¥ ZB : : Ze - | < ¢ ; nce Regional Targets Zone 500 Development 2, = Expand Plant to 600-700 i @ re Sw 21 \TUVATUSFUP'S'NEXTHIGH GRADE GOLD MINE > i LION ONE-METALS 1. TSXM:LIO 1 orem fe we _, = >.
Slide 22: Compelling Value Proposition
Compelling Value Proposition §) High-grade gold resource One of the only large § Mining-friendly jurisdiction systems not already owned by a major mining company § Strong proven executive leadership §) Highly experienced operations team §] 300 TPD pilot plant in operation §1 600-700 TPD plant expans
Slide 23: Leadership Team
Leadership Team OFFICERS TECHNICAL TEAM il Walter Berukoff, CEO Kevin Li, P.Eng NIN KK Tony Young, CPA, CA, CFO Dr. Quinton Hennigh, P.Geo il Patrick Hickey, COO Melvyn Levrel, MAIG i lil Hamish Greig, VP, Corp. Secretary Darren Holder, P.Geo Sergio Cattalani, P.Geo Walter Berukoff CHAIRMAN & CEO DI
Slide 24: Corporate Snapshot
Corporate Snapshot CAPITALIZATION SHARE CAPITAL As of September 1, 2024 Shares Outstanding 262M Options 13.08 M Warrants 100.56 M Shares Fully Diluted 375.67 M Market Capitalization CAD $72 M LIO: $0.28 | S2wk: $0.96 SO. 27 | Avg. vol: 460K MAJOR INVESTORS Lion One Management (8.78%) Franklin Precio
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
Lion One Metals — Investor Presentation (September 2024) on 6ix