Lion One Metals Limited · TSXV:LIO
Lion One Metals — Investor Presentation (July 2026)
23 slides from Lion One Metals's investor presentation, July 2026
Slide 1: Real Production, Real Growth
REAL PRODUCTION REAL GROWTH I Tuvatu Alkaline Gold Project I Fiji Islands I LIONONEMETALS.COM | TSXV : LIO | OTCQX: LOMLF Investor Presentation , Ju ly 2026
Slide 2: Forward Looking Statements
Forward Looking Statements DISCLAIMER The information provided in this presentation is not intended to be a comprehensive review of Forward - looking statements are subject to a variety of known and unknown risks, all matters and developments concerning the Company and should be read in conjunction
Slide 3: Highlights
Highlights Top - Tier Asset Ramping Up Infrastructure ➢ High - grade narrow - vein Tuvatu ➢ C urrent production at 350 TPD ➢ Fully permitted for mining, alkaline gold deposit exploration, and expansion ➢ Mine ventilation upgrade ➢ >250 drill assays at >100 g/t gold, complete Q1 2025 ➢ Full governmen
Slide 4: Ideally Positioned in the Pacific Ring Of Fire
Ideally Positioned in the LIHIR Pacific Ring Of Fire GRASBERG PORGERA PANGUNA GUNUNG PONGKOR GOLD RIDGE Prolific geological & BATU HIJAU TUVATU tectonic setting VATUKOULA NAMOSI Host to several major gold FIJI ISLANDS & copper - gold systems One of the only large alkaline gold systems WAIHI not owne
Slide 5: Analog Alkaline Gold Systems
Analog Alkaline Gold Systems PORGERA, PNG LIIHIR, PNG VATUKOULA, FIJI CRIPPLE CREEK, USA BARRICK NEWMONT ZHONGRUN SSR (ex - NEWMONT) +25 +40 +11 +20 MOZ GOLD MOZ GOLD MOZ GOLD MOZ GOLD PRODUCED PRODUCED PRODUCED PRODUCED “…alkaline magmas…carry a lot of gold … usually, they turn out to be big.” Dr Q
Slide 6: Fiji Mining
Fiji Mining +100 - year gold mining industry Stable democracy & regulatory system Skilled mining workforce Supportive government Fraser Policy Ranking #34, just behind British Columbia #32, and Chile #33 “With Lion One, I am very impressed … Lion One sets the bar for those that follow” - Ratu Wiliam
Slide 7: Location & Infrastructure
Location & Infrastructure 20km LAUTOKA NADI INTERNATIONAL AIRPORT 35km TUVATU LAUTOKA DEEPWATER Navilawa Caldera PORT <1 hour URBAN CENTERS OF NADI NADI & LAUTOKA 7 TUVATU: PRODUCING HIGH - GRADE FIJI GOLD LION ONE METALS | TSXV:LIO | OTCQX: LOMLF
Slide 8: Tuvatu Processing Plant
Tuvatu Processing Plant ROM PAD BALL MILLS LEACHING REAGENT POWER TANKS WAREHOUSE #2 PLANT JAW & CONE SCREEN CRUSHERS PLANT REAGENT ELECTROWINNING & CARBON WAREHOUSE #1 REGENERATION WORKSHOP FILTER PRESS SYSTEM 350 TPD PILOT PLANT IN OPERATION Flotation circuit complete Q1 2026; Filter press upgrade
Slide 9: Mining Methods
Mining Methods High - grade narrow vein gold deposit Flexible use of conventional and mechanized mining to maximize production & minimize dilution First shrinkage stope produced 5,704t at 10.60 g/t gold, additional shrinkage stopes in development Arrival of new mine equipment accelerating mine devel
Slide 10: Production Ramp-up
Production Ramp - up Mine ventilation upgrade complete Q1 2025 Record mill utilization and throughput Q2 2025 Record capital and operating development Q3 2025 First shrinkage stope production completed Q4 2025 Flotation circuit construction completed Q2 2026 C$70.6M of revenue for the year ended Dec
Slide 11: Recent Production
Recent Production Record high gold production in Q4 2025 Continuous improvement in production and development throughout 2025 Significant drop in production in Q1 2026 due to temporary change in management Record low gold production in Q1 2026 Return of previous management team and V- shaped recover
Slide 12: Tuvatu Deposit
Tuvatu Deposit First shrinkage stope production Steeply dipping high - grade gold lodes trending N - S and NE - SW Surface footprint 500 m x 900 m Extends to >1000 m depth Open at depth and along strike Zone 2 and Zone 5 near surface Zone 500 feeder zone 12 TUVATU: PRODUCING HIGH - GRADE FIJI GOLD L
Slide 13: High-Grade Gold Results
EXAMPLE DRILL RESULTS GRADE INTERVAL FROM High - Grade Gold Results (g/t Au) (meters) (meters) 359.76 1.80 70.80 Schematic East - West S ection 21.31 12.45 90.10 71.41 8.41 96.10 ZONE 2 and ZONE 5 Near Surface 90.76 2.40 221.30 In Production at 350 TPD 83.47 6.60 242.70 291.77 3.65 333.00 20.86 75.9
Slide 14: Roscoelite Mineralization
Roscoelite Mineralization Characteristic of large high - grade alkaline gold systems, e.g. Porgera, Lihir, Cripple Creek Rare green - black alteration mineral Directly related to high grade gold Widely observed at Tuvatu, including in the ultra high - grade Zone 500 “The highest gold grades… ubiquit
Slide 15: District Scale Exploration Upside
District Scale Navilawa Caldera Exploration Upside 7 km wide caldera with very limited modern exploration Multiple deep feeder systems possible throughout the caldera Numerous bonanza grade gold results from in- situ surface sampling >30 high - potential untested drill targets already identified Str
Slide 16: Cross-Section of Navilawa Caldera
Cross - Section of Navilawa Caldera CONCEPTUAL ILLUSTRATION OF DIFFERENT DEPOSIT TARGETS Wailoaloa (Copper + Gold) Tuvatu Kingston + Copper Banana Creek Gold Corner Gold (Copper + Gold) +3917000 +3918000 +3919000 +3920000 +3921000 +3922000 +3923000 +3924000 +3925000 +3926000 +3927000 Cabex Fault Maj
Slide 17: Historical Gold in Soil Results
Historical Gold in Soil Results Extensive gold anomalies from Kingston historical soil surveys Banana Creek Limited advanced exploration conducted outside Tuvatu Batiri Creek Lumuni District scale exploration upside Wailoaloa Tuvatu Regional exploration to be funded by cash flow from Tuvatu 17 TUVAT
Slide 18: Wailoaloa Cu-Au Discovery
Wailoaloa Cu - Au Discovery Alkalic copper - gold discovery 1 km northeast of Tuvatu Strong surface copper anomaly Drilled four test holes, the first hole hit 163.2 m of 0.17% copper Potassic alteration and veining intensity May have intersected the periphery increasing with depth of a large Cu syst
Slide 19: Exploration and Discovery Pipeline
Operating Mine Exploration and Tuvatu Development Discovery Pipeline Definition West Zone (Plant Site) Relative Target Size Au Cu Advanced Target Banana Ck Tuvatu South Nubunidike Wailoaloa Luke’s Prospect Unknown Early Target The ‘Copper Triangle’: Batiri Lumuni Malawai Kingston - Biliwi - Cu Corne
Slide 20: Fully Accredited Assay Lab
Fully Accredited Assay Lab 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 ISO 17025 Accreditation,
Slide 21: Compelling Value Proposition
One of the only large Compelling Value Proposition alkaline gold systems not already owned by a major High - grade gold resource mining company Mining - friendly jurisdiction Strong proven leadership Highly experienced operations team 350 TPD pilot plant in operation 700 TPD plant expansion in 2027
Slide 22: Corporate Snapshot
Corporate Snapshot CAPITALIZATION MAJOR INVESTORS SHARE CAPITAL As of July 15, 202 6 Lion One Management and Insiders (10%) Common Shares 429 .78 M Arbiter Partners Options 25.84 M Concept Capital Management Compensation Warrants 9.95 M Palisades Goldcorp Warrants 342.48 M Redplug Inc RSUs 5.00 M Ne
Slide 23: Thank You
LIONONEMETALS.COM | TSXV : LIO | OTCQX: LOMLF THANK YOU 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