Slide 1: The Tuvatu High-Grade Alkaline Gold System: Fundamental Controls and Upside Potential
The Tuvatu High-Grade Alkaline Gold System: Fundamental Controls and Upside Potential S. Cattalani1, D. Holden1, W. Ostrenga1, J. Jefferson2, D. Schmidt2 AME Roundup, January 2023 1Lion One (Fiji) Limited, Lot 1 & 6 Legalega Industrial Subdivision, Waimalika, Nadi, Fiji 2Center for Advanced Subsurfa
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 Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and and developments concerning the Company and should be read
Slide 3: Location & Setting
Location & Setting TECTONIC SETTING IN THE SOUTH PACIFIC RING OF FIRE STRUCTURAL SETTING ON FIJI’S VITI LEVU LINEAMENT PACIFIC PLATE MAJOR TECTONIC PLATE BOUNDARY Rakiraki Lihir Grasberg TUVATU Porgera Panguna ALKALINE GOLD PROJECT Bathu Hijau Gold Ridge Gunung Pongkor Vatukuola Namosi Vatukuola FIJ
Slide 4: Tectonic Setting
10-26 Ma Tectonic Setting • Pacific plate subduction beneath Indo-Australian plate Modified from Hathway, 1993 • Vitiaz arc • Arc volcanism, tholeiitic • Arc fragmentation, subduction stalling, rotation and reversal of subduction • Post-subduction alkalic volcanism from thickened and modified lithos
Slide 5: Tuvatu Project
Tuvatu Project High grade resource Fully permitted for production Prime geological setting Navilawa caldera World class infrastructure EXPLORATION LICENSE MINING LEASE 5 TUVATU: FIJI’S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF
Slide 6: General Stratigraphy & Lithologies
General Stratigraphy & Lithologies Extrusive Rocks Intrusive Rocks and Sediments Late “andesite” dykes Post-subduction alkalic volcanism Sabeto Volcanics (5.5-4.85Ma); alkaline Mineralising event (Tuvatu, shoshonites, generally subaerial Vatukoula) post dates Mz and SV andesite flows, tuffs, peperit
Slide 7: Alkaline Gold Systems
Alkaline Gold Systems Vatukoula Porgera Lihir TAS diagram for gold deposits associated Fiji Papua New Guinea Papua New Guinea with alkaline rocks Tuvatu Tuvatu Tuvatu data from Hatcher, 1998; Scherbarth and Spry, 2006; Forsythe et al., 2019. Other fields modified from Jensen and Barton, 2000. TUVATU
Slide 8: Navilawa Caldera - Geology
Navilawa Caldera - Geology Vatakoula Gold Mine >7Moz ~7 km Remnant caldera structure Unroofed monzonite core Monzonite Tuvatu Gold Project Late “andesite” dykes Mineralising event (Tuvatu, Post-subduction alkalic volcanism Vatukoula) post dates Mz and SV 5.5-4.85 Ma Navilawa monzonite 4.85 Ma N Arc
Slide 9: Tuvatu Deposit - Geology
Tuvatu Deposit - Geology Simplified geologic map showing spatial relationship between various lode arrays, Core Shed Fault and monzonite-andesite host rocks 9 TUVATU: FIJI’S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF
Slide 10: Tuvatu Deposit - Geometry
Tuvatu Deposit - Geometry HT lodes Structurally controlled, narrow-vein, high-grade Au deposit consisting of numerous lode arrays that can be grouped into URW1 sets with distinct orientations and geometry Murau, Snake West zone lodes SKL lodes Deposit corresponds to a distinct lithological contact M
Slide 11: Tuvatu Deposit - Geometry
Tuvatu Deposit - Geometry HT lodes URW1 Murau, Snake West zone lodes SKL lodes MZ AND Blue: UR Lodes Light Blue: UR4 – UR8 UR Green: 500 Lodes lodes HT: Orange Dark Red: SKL Black: Marau N Pink: Andesite-Monz Contact 100 m 11 TUVATU: FIJI’S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQ
Slide 12: 500 Zone High-grade Discovery
500 Zone High-grade Discovery TUG-141 intersected 75.90m at 20.86 g/t Au, including: 37.5m at 35.25 g/t Au 30.0m at 43.62 g/t Au 7.2m at 90.35 g/t Au 100 m TUDDH-601 confirmed the mineralization with looking 300° 12.22 g/t Au over 54.90m, including: 15.6m at 29.24 g/t Au 5.4m at 15.03 g/t
Slide 13: Structural Controls
Structural Controls UR2 UR1 UR4 URW3 UR3 UR5 Monzonite Andesite TUDDH-608 13 TUVATU: FIJI’S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF
Slide 14: Structural Controls
Structural Controls 500 Zone Average Grade UR1 20.75 UR1 UR4 5.33 Structurally controlled, narrow-vein, high- 500A 21.09 grade Au deposit consisting of numerous lode TUG147 Mz 500B 16.50 arrays that can be grouped into sets with 500C 17.42 distinct orientations and geometry Principal structural orie
Slide 15: Mineralization & Alteration
Mineralization & Alteration Early, high-T potassic “porphyry” stage Photo credits: J. Jefferson HT Zone Bleaching, coarse biotite, A-type veins, C-type veins, Deep veins, mineralization K-feldspar, apatite, quartz, K-feldspar, bornite, chalcopyrite, coarse biotite, epidote biotite magnetite magnetit
Slide 16: Mineralization & Alteration
Mineralization & Alteration Epithermal stage mineralization Photo credit: J. Jefferson Epithermal base metal stage, Colloform, zoned sphalerite common sphalerite, galena, chalcopyrite, pyrite 16 TUVATU: FIJI’S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF
Slide 17: Mineralization & Alteration
Mineralization & Alteration Epithermal stage mineralization Photo credit: J. Jefferson Complex mineral textures Complex mineralogy suggesting multiple episodes of precipitation pyrite, sphalerite, galena, tennantite-tetrahedrite, proustite-pyrargyrite, tellurides and selenides incl. altaite, clausth
Slide 18: Mineralization & Alteration
Mineralization & Alteration Late epithermal stage, low-T high-grade Au overprint Photo credits: J. Jefferson Dark, late pyrite overgrowth, elevated in Au-As-Ag-Co-Cu-Sb 18 TUVATU: FIJI’S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF
Slide 19: Mineralization & Alteration
Mineralization & Alteration Late epithermal stage, low-T high-grade Au overprint Photo credits: J. Jefferson Dark pyrite overgrowth Chalcedonic quartz, roscoelite, native gold elevated in Au-As-Ag-Co-Cu-Sb 19 TUVATU: FIJI’S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF
Slide 20: Mineralization & Alteration
Mineralization & Alteration Late, low-T, rapid boiling (flashing) event Photo credits: D. Schmidt Micro-XRF gold map of sample 26; TUDDH-496 Late silica-rich overgrowth Banded chalcedony and Dendritic gold (reflected light) roscoelite (plane polarized light) 20 TUVATU: FIJI’S NEXT HIGH GRADE GOLD MI
Slide 21: Mineralization & Alteration
Mineralization & Alteration Late, low-T, rapid boiling (flashing) event Photo credit: J. Jefferson Photo credits: D. Schmidt Although largely recrystallized to mosaic quartz, late silica shows relict microsphere textures suggesting Opal AG (flashing) This, combined with dendritic growth patterns sug
Slide 22: Tuvatu Deposit Paragenesis
Tuvatu Deposit Paragenesis Magmatic-hydrothermal stage Early, high-T porphyry style potassic alteration Epithermal stage Early base-metal rich stage (Pb-Zn-Cu, geny low to med. Au) Main Au stage: veins with Au-qtz-roscoelite-dark py elevated in Au-As-Ag-Co-Cu-Sb (Jake’s “spongy” py) Dendritic minera
Slide 23: Navilawa Caldera - Geology
Navilawa Caldera - Geology Clear remnant caldera structure Monzonite core clearly mapped with K-Band radiometrics Monzonite with pre- and syn volcanism Structural control with dominant N-S and NE-SW structures Regional gold anomalism over 7km corridor, highlighting the potential for additional disco
Slide 24: Navilawa Caldera – Regional Chemistry Contours & Simplified Structural Model
Navilawa Caldera – Regional Chemistry Contours & Simplified Structural Model Known mineralized occurrences Kingston /. Central Ridges Regional structural regime can be characterised by normal faults, Banana Creek dextral and sinistral strike-slip Batiri faulting Tuvatu Gold Upper Qalibua Mineralisat
Slide 25: Navilawa Caldera – CSAMT
Navilawa Caldera – CSAMT Controlled Sourced Audio-Magnetic Kingston /. Central Ridges Tellurics (CSAMT) used routinely Major gradients indicating structural contacts, Banana Creek lithological boundaries and increased resistivity Batiri related to alteration Upper Qalibua Tuvatu Gold Project 500 Zon
Slide 26: Navilawa Caldera – Regional BLEG Sampling
Navilawa Caldera – Regional BLEG Sampling Regional Bulk Leach Extractable Gold assays using clay fraction stream sampling. Kingston /. Central Ridges Catchment analysis shows several other catchments comparable to Tuvatu Banana Creek Batiri Upper Qalibua Tuvatu Gold Project 500 Zone Trend BLEG Resul
Slide 27: Navilawa Caldera – Targeting & Exploration Techniques
Navilawa Caldera – Targeting & Exploration Techniques Nadele 172/80W Iron rich monzonite 047/80SE Breccia with veins Shear Vein Andesite Monzonite 2.05 17.91 1.14 0.18 36.1 1m @ 0.23g/t Au 4m @ 13.27g/t Au 4m @ 0.67g/t Au Benching and channel sampling provides opportunity for exposing mineralized st
Slide 28: Navilawa Caldera – Summary, Regional Targeting
Navilawa Caldera – Summary, Regional Targeting Multiple ‘factual’ datasets including Conceptual and interpretative geology • BLEG stream sampling • Regional structural regime • Soil and bench geochemistry • Intersections of major structures • Mapping • Interpretive geology • CSAMT geophysics • Alkal
Slide 29: Thank-you Booth 1024
Thank-you Booth 1024 TSXV:LIO | OTCQX: LOMLF INVESTOR RELATIONS Email: info@liononemetals.com Tel: 604-998-1250 Website: www.liononemetals.com Fax: 604-998-1253 Toll Free: 1-855-805-1250 29 PERMITTED TO PRODUCE FIJI’S NEXT HIGH GRADE GOLD MINE