Lion One Metals Limited · TSXV:LIO
Lion One Metals — Investor Presentation (May 2025)
24 slides from Lion One Metals's investor presentation, May 2025
Slide 1: Major Asset Within a Junior Company
RILION ONE MAJOR ASSET WITHIN A JUNIOR COMPANY | Tuvatu Alkaline Gold Project | Fiji Islands | LIONONEMETALS.COM | TSXV:LIO | OTCQX: LOMLF Investor Presentation, May. 2025
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: Highlights
Highlights a Top-Tier Asset >» High-grade narrow-vein Tuvatu alkaline gold deposit > >250 drill assays >100 g/t gold, average 0.5 m sample width > Zone 500 feeder zone drilled 75.9 m of 20.86 g/t gold > 50% of current production is outside the defined resource >» Huge exploration potential in the Na
Slide 4: 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 One of the only large fell <elltat=) not owned by a major GUNNERY tevaru:rurs next uiow rave Goto mine sae ae. “opavouna SR GOLD RIDGE - TUVATU @® Wa * VATUKOULAS 2"
Slide 5: Analog Alkaline Gold Systems
Analog Alkaline Gold Systems PORGERA, PNG LIHIR, PNG VATUKOULA, FIJI CRIPPLE CREEK, USA BARRICK NEWMONT ZHONGRUN SSR (ex-NEWMONT) ~~ * 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 MET
Slide 6: 100-year gold mining industry, stable democracy & regulatory system
1 +100-year gold mining industry 1 Stable democracy & regulatory system §1 Skilled mining workforce 1 Supportive government 1 2023 Fraser Ranking #31, between New South Wales #30, and Colorado 432 “With Lion One, | am very impressed ... Lion One sets the bar for those that follow” - Ratu Wiliame Kat
Slide 7: Location & Infrastructure
Location & Infrastructure 2 20km LAUTOKA = NADI INTERNATIONAL gies it AIRPORT qi 35km qo MADE SSIS g é = /Nawilawa Caldera Mining Leese ix) <1 hour [*e) URBAN CENTERS OF NADI & LAUTOKA q TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF §! LION ONE
Slide 8: Tuvatu Deposit
roscoelite mining Tuvatu Deposit Curent NL A t1 Steeply dipping high-grade gold lodes trending N-S and NE-SW © Surface footprint SOO m x 900 m =! Extends to >1000 m depth iy] h | ike Open at depth and along strike Zone 5 t Zone 2 and Zone 5 near surface § Zone 500 feeder zone Q 8 | TUVATU: FIJI'S NE
Slide 9: Visible gold with roscoelite underground at Tuvatu
Visible gold with roscoelite underground at Tuvatu
Slide 10: Section View Schematic Illustration Depth to Zone 500
Section View Depth to Zone 500 Schematic Illustration
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 scEE ee 55.43 12.70 571.00 Section Dep
Slide 12: Roscoelite Vein Underground
Gold Grades in g/t Roscoelite Vein Underground
Slide 13: Tuvatu Processing Plant
Tuvatu Processing Plant BALL MILLS |~ ey REAGENT ELECTROWINNING & CARBON | t . —_ a #1 REGENERATION WORKSHOP FILTER PRE YSTEM EF = % 300 TPD PILOT PLANT IN OPERATION Flotation circuit targeted for Q4 2025; Expansion to 600 TPD targeted for 2026; Fully permitted TUVATU: FIJI'S NEXT HIGH GRADE GOLD MI
Slide 14: 2024 Quarterly Gold Grade and Recovery
84.0% 76.0% 72.0% Gold Recovery 68.0% 2024 Quarterly Gold Grade and Recovery ™ Quarterly Recovery (%) ™ Quarterly Grade (g/t) Record CS$18.0M of quarterly revenue in Q4 CY2024 TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE Gold Grade (g/t) Production Start-up s Plant commissioning complete, January 2024 I
Slide 15: Navilawa Caldera Regional Exploration
Regional Exploration § 7 km wide caldera with very limited modern exploration "1 Multiple deep feeder systems possible throughout the caldera § Numerous bonanza grade gold results from surface sampling § >3O high-potential untested drill targets already identified § No modern systematic exploration
Slide 16: +3917000 +3918000 +3919000 +3920000 +3921000 +3922000 +3923000 +3924000 +3925000 +3926000 +3927000
+3917000 +3918000 +3919000 +3920000 +3921000 +3922000 +3923000 +3924000 +3925000 +3926000 +3927000
Slide 17: Kingston Banana Creek Lumuni
Kingston Banana Creek Batiri Creek Lumuni Wailoaloa Tuvatu
Slide 18: Wailoaloa Discovery
Wailoaloa Discovery <n Alkalic copper-gold discovery © 1km northeast of Tuvatu "Strong surface copper anomaly = Drilled four test holes, the first hole hit 163.2 m of 017% copper si Potassic alteration and veining intensity increasing with depth Tuoohteo 127.8 mat 0.12% Cu >" 210.8 mat 0.13% Cu (o——
Slide 19: Exploration and Discovery Pipeline
Operating Mine |—# Explorationand j 4. Discovery Pipeline ey Definition 4 West Zone (Plant Site) Relative Target Size Advanced Target nooo Unknown. Early Target Conceptual A 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 © Provides critical support for 7 company- owned drill rigs "Rapid assay turnaround § Fire assay, ICP, and Metallurgical Testing § Facilitates realtime optimization of mining and drilling activities ‘mow PRODUCTION GRAPH § Production capacity of over 10,000 samples per m
Slide 21: Compelling Value Proposition
One of the only large alkaline gold systems not already owned by a major mining company Compelling Value Proposition © High-grade gold resource a Mining-friendly jurisdiction BR Strong proven leadership ij} Highly experienced operations team 300 TPD pilot plant in operation 600 TPD plant expansion i
Slide 22: Leadership Team
Leadership Team OFFICERS TECHNICAL TEAM lan Berzins, CEO Ivan Maldonado, P. Geo Tony Young, CPA, CA, CFO Melvyn Levrel, MAIG Patrick Hickey, COO Sergio Cattalani, PGeo Hamish Greig, VP, Corp. Secretary Darren Holder, PGeo Kevin Li, PEng DIRECTORS SUCCESS STORIES Walter Berukoff, Chairman Northern Or
Slide 23: Corporate Snapshot
Corporate Snapshot CAPITALIZATION SHARE CAPITAL As of May 8, 2025 Common Shares 297.75 M Options 13.18 M Compensation Warrants 8.24M Warrants 12612 M Shares Fully Diluted 445.29 M Market Capitalization CAD $85 M LIO: $0.28 | 52wk: $0.60 | Avg. vol: 380K TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE MAJOR
Slide 24: Thank You
RILION ONE 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