Lion One Metals Limited · TSXV:LIO
Lion One Metals — Investor Presentation (September 2022)
35 slides from Lion One Metals's investor presentation, September 2022
Slide 1: Corporate Presentation September 2022
METALS CORPORATE PRESENTATION SEPTEMBER 2022 O SE JLION ONE ‘TUVATU GOLD PROJECT Navilawa Caldera
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: Investment Highlights
VANUA LEVU Investment Highlights FUI ISLANDS 25km S36M Poon yimi Levu from Nadi International Airport in Fiji working capital (CAD) 5 Gold Project Ve 136km? 12,000 exploration license area assay lab monthly sampling capacity 8/30,000m 2035 8 rigs /annual drilling capacity updated Mine Lease renewal
Slide 4: Share price and volume
2000000 1.4 1800000 1.2 1600000 1400000 1 1200000 0.8 1000000 800000 0.6 600000 0.4 400000 0.2 200000 0 0 Source: S&P Market Intelligence Volume Price (US$)
Slide 5: Leadership Team
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 S6OOM Emperor Gold Mines Fiji Gold Assets (Vatukoula & Tuvatu) purchased in 2008. Lion One Metals Limited created in 2011 TUVATU:
Slide 6: | AHERN -_
le | AHERN -_ a —, GH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF §! LION ONE
Slide 7: Mine Development Progress
2022-23 Mine Development Progress Permits are in place for underground mining operations Development of no. 2 underground access portal @ rate of 2m per day; currently at +55m Detailed engineering & procurement underway Design process completed for scalable mill facility Installation & initial produ
Slide 8: Mine Site Infrastructure: Set Up For Success
Mine Site Infrastructure: Set Up For Success OURS 2 = SG PLANT SITE Nia? i Contracts are complete or in final negotiation for all mine infrastructure including: OFFICES TAILINGS See COMPLETED UNDERWAY pe WATER SUPPLY AND MINE EXPLOSIVES : WASTE-WATER MAGAZINE EP: EXPLORATION TREATMENT UNDERWAY COMPL
Slide 9: A Stable And Supportive Mining Jurisdiction
Fit A Stable And Supportive ining Jurisdiction Mining key to national economy — gold is one of the key exports Long mining history including the Vatukoula Emperor Gold Mine Mining Act and Administration was founded on British Law Reasonable royalty and taxation structures, as well as negotiable taxa
Slide 10: Prime Location & Setting
Prime Location & Setting STRUCTURAL SETTING on Fiji's Viti Levu Lineament Sibir > Grasberg , Batu YzPergera © Panguna AU eet, JECT Vatia Wharf Hijau 3 Z een Gold Ridge ee Pongkor eo Vatukoul vo © oor Matukuola FULISLANDS 11m oz. gold system Port of Lautoka_o) “ 7m oz. gold production Intl. Airport W
Slide 11: The Next World Class Alkaline Gold Deposit
The Next World Class Alkaline Gold Deposit LIHIR ‘i 100 Papua New Guinea g Papua New Guinea ‘ o “ase as ae - pT VATUKOULA WATUKUOLA & Grade, in grams per ton Three Globally Significant Alkaline Gold Systems 1 1 L 1 OR 0.4 1 10 100 1,000 16.4M oz. Gold Produced / 30M oz. Resource Inventory Ore, in mi
Slide 12: Tuvatu Project Overview
Tuvatu Hovey Project Overview NX HIGH GRADE RESOURCE Navilawa Caldera PERMITTED FOR PRODUCTION ce Ne PRIME GEOLOGICAL SETTING PROXIMITY TO INFRASTRUCTURE PRO-MINING COUNTRY LEGEND PBB tenement Bouncery | Mining Lease Soundary E caldera rim Outine 136km? Prospecting. License (SPL’s) N 3.85 km?Mining-
Slide 13: Exploration Strategy
Exploration Strategy oe aw = Tuvatu w—— >. SURFACE MINE ZONE REGIONAL development j discoveries #00m|evel am Deep Feeder ZONE 500 exploration fe) TUVATU RESOURCE To DEPTH NAVILAWA CALDERA Section View & Depth Profile Wy Plan View . cos xo eta ou conoreueis roaue jcreonionr SY LION ONE
Slide 14: Tuvatu Exploration
Tuvatu Exploration 2022 infill drilling refining grade and continuity ahead of mining planned for Q4 2023 +1,100m deep high-grade Au system coming into view; targeting +1m oz. resource +10 g/t Au vi aI TUDDH 500, TUG 141 & TUDDH 601: depth Becline extensions of current resource with exceptional high
Slide 15: Infill drilling and resampling programs
Zone 5 infill drilling and resampling program, 8200m planned; 75% complete decline Zone 2 infill drilling and resampling program, ~8400m, completed February ‘22 West zone
Slide 16: Tuvatu Exploration
Tuvatu Exploration TUDDH 500 571.0m, 12.7m @ 55.43 UDDH'544 631.1m 112.0 TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF
Slide 17: Tuvatu Exploration
Tuvatu Exploration -TUDDH 500: $82:1m, Am. @144.819/t- Au TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE
Slide 18: Zones of best mineralization
UR1 URW1 UR4 URW2 URW3 500 Zone F 500 Zone A Interval of best mineralization 500 Zone B - - 500 Zone C - ▪ - ▪ - - ▪ - -
Slide 19: Visible gold
visible gold visible gold
Slide 20: 499.6m 282.5 g/t Au
499.6m I 282.5 g/t Au (E) Vuggy hydrothermal breccia with coarse pyrite and silicified-sulfidized ground mass. Breccia clasts are a ngular to sub-rounded. (F) Coarse pyrite breccia with silicified-sulfidized ground mass. (G) Network fracture stockwork ~1-5mm veins with two generations of pyrite. The
Slide 21: Hydrothermal breccia 580.2m 140.9 g/t Au
Hydrothermal breccia 580.2m 140.9 g/t Au 593.9m 230.4 g/t Au
Slide 22: UR1 TUG138 TUG145
UR1 TUG138 TUG145 TUG135 TUG141 TUDDH601 ▪ ▪ ▪ 50 m TUG136
Slide 23: UR1 TUG138 TUG145
UR1 TUG138 TUG145 TUG135 TUG141 TUDDH601 ▪ ▪ ▪ 50 m TUG136
Slide 24: UR1 TUG138 TUG145
UR1 TUG138 TUG145 TUG135 TUG141 TUDDH601 ▪ ▪ ▪ 50 m TUG136
Slide 25: Zone average grades
UR1 500 Zone Average Grade UR1 20.75 UR4 5.33 500A 21.09 500B 16.50 500C 17.42 TUG138 TUG145 TUG135 TUG141 TUDDH601 ▪ ▪ ▪ 50 m TUG136
Slide 26: Regional Discoveries: Batiri Creek Vein
Regional Discoveries: Batiri Creek Vein 13.27 g/t Au over 4m CHANNEL SAMPLE (RILION ONE 2022 Batiri | Benching Program Location Map Feeder: 500 Zone q TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF § LION ONE
Slide 27: Regional - BLEG Geochemical Survey
Regional - BLEG Geochemical Survey HIGH GRADE GOLD ACROSS 7KM WIDE NAVILAWA CALDERA DRILLED RESOURCE AREA COVERS LESS THAN 5% OF LICENSE AREA TARGET-RICH ENVIRONMENT TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE Catchment Analysis BLEG (Au pp) [139-80 (Priority 1) GG) 10-199 (Priority 2) Mm 510 Mmm 35 eo
Slide 28: Regional - CSAMT Geophysical Survey
Regional - CSAMT Geophysical Survey CSAMT COVERAGE SF S HIGH GRADE GOLD ACROSS 7KM GENTRALRIRG Le} rn varu WIDE NAVILAWA CALDERA KINGSTOT Somat = DRILLED RESOURCE AREA COVERS LESS THAN 5% OF ee | LICENSE AREA NUBUNIDIKE e TARGET-RICH ENVIRONMENT JOM q TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ON
Slide 29: Regional - CSAMT Geophysical Survey
Regional - CSAMT Geophysical Survey CSAMT COVERAGE HIGH GRADE GOLD ACROSS 7KM WIDE NAVILAWA CALDERA DRILLED RESOURCE AREA COVERS LESS THAN 5% OF LICENSE AREA TARGET-RICH ENVIRONMENT progress ‘ _ &xisting prospects q TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF §
Slide 30: Regional — Geology & Target Generation
Regional — Geology & Target Generation lee on0 an pa 000 i ndlerontited magnetic velesriee Ind Herantisted low-magnetc volcanics —— Kilometres Q TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF §! LION ONE M
Slide 31: Navilawa Caldera Regional Upside
SNAVILAWA Regional Upside CALDERA : ‘ 46 g/t Au HIGH GRADE GOLD ANOMALIES ACROSS 7KM _ BANANA CREEK STRIKE IN NAVILAWA ALKALINE GOLD SYSTEM g/ FRO y 5A\g/t/Au \ FRON TUVATU DRILLING CONFIRMS VERTICAL PROFILE oa. te ~ ‘4 MATANAVATU OF AT LEAST 1,200 METERS, OPEN TO DEPTH CSAMT REVEALS STEEP STRUCTURA
Slide 32: Tuvatu Alkaline Gold Systems
Alkaline Gold Systems 1B TAS diagram for gold deposits associated with epithermal Au deposits K,0 + Na,0 wt % modified from Jensen, EP. and Barton, M.D. 2000 Gold Deposits Related to Alkaline Magmatism, SEG Reviews, v. 13, Chapter 8, pp. 279-314 TUVATU Current Resource (3.0 g/t cutoff) 1,007,000t at
Slide 33: Exploration Model
Exploration Model Generalized Model (after Bonham, 1986) Tuvatu Deposit Structural Array Bodded explosion breccia Hot Spring sintar (He-Sb-As) Sintor 4 contoct epproumote Breccia pipe (g-So-As) UNIQUE ATTRIBUTES (re zone: sicification and stockwork veins wth Aug telrides, quartz thor, Deep, high gra
Slide 34: Porgera - Tuvatu Comparisons
Porgera - Tuvatu Comparisons Porgera D veins TUVATU: Bs? dete TUG-141 at 492.5m 25.23 g/t Au FIJI'S NEXT HIGH GRADE GOLD MINE TUDDH-500 55.43 g/t Au over 12.7m from 571.0m TUDDH-533 55.44 g/t Au over 2.3m from 575.7m LION ONE METALS | TSXV:LIO | OTCQX: LOMLF PORGERA 5 Ma Silico-poor, K-rich, shoshon
Slide 35: Lion One Metals contact
J LION ONE TSXV:LIO | OTCQX: LOMLF Tel: 604-998-1250 Fax: 604-998-1253 Toll Free: 1-855-805-1250 Email: info@liononemetals.com Website: www.liononemetals.com 306-267 West Esplanade, Lion One Metals Limited North Vancouver, BC, V7M 1A5 Canada
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