Lion One Metals Limited · TSXV:LIO
Lion One Metals — Investor Presentation (March 2025)
24 slides from Lion One Metals's investor presentation, March 2025
Slide 1: Tuvatu Alkaline Gold Project | Fiji Islands
LIONONEMETALS.COM | TSXV:LIO | OTCQX: LOMLF Tuvatu Alkaline Gold Project | Fiji Islands Investor Presentation, March 2025 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: Mining-Friendly Jurisdiction
Mining-Friendly Jurisdiction §1 +100-year gold mining industry §1 Stable democracy & regulatory system §! Skilled mining workforce §! Supportive government §1 2023 Fraser Ranking #31, between New South Wales #30, and Colorado #32 “With Lion One, | am very impressed ... Lion One sets the bar for thos
Slide 5: Location & Infrastructure
Location & Infrastructure be 20km NADI INTERNATIONAL lt AIRPORT qi 35km LAUTOKA DEEPWATER PES PORT NADI & LAUTOKA r9 <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 TUVAT
Slide 6: Analog Alkaline Gold Systems
Analog Alkaline Gold Systems PORGERA, PNG LIHIR, PNG VATUKOULA, FIJI CRIPPLE CREEK, USA BARRICK NEWMONT ZHONGRUN SSR (ex-NEWMONT) i 2 ~ 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 L
Slide 7: Visible gold with roscoelite underground at Tuvatu
Visible gold with roscoelite underground at Tuvatu
Slide 8: Section View Depth to Zone
Section View Depth to Zone 500 Schematic Illustration
Slide 9: 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 Zone SOO feeder zone 8 | TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE Current ‘N roscoelite mining \~ Zone 5
Slide 10: 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 11: Tuvatu Processing Plant
Tuvatu Processing Plant ONE SCREEN PLANT REAGENT ELECTROWINNING & CARBON WAREHOUSE #1 REGENERATION WORKSHOP * FILTER PRESS SYSTEM }_ — rm — 300 TPD PLANT IN OPERATION; FLOTATION CIRCUIT TARGETED FOR Q4 2025 EXPANSION TO 600 TPD TARGETED FOR 2026; FULLY PERMITTED Q TUVATU: FIJI'S NEXT HIGH GRADE GOLD
Slide 12: Gold Grades in g/t Roscoelite Vein Underground
Gold Grades in g/t Roscoelite Vein Underground
Slide 13: 2024 Quarterly Gold Grade and Recovery
2024 Quarterly Gold Grade and Recovery Gold Recovery ™ Quarterly Recovery (%) ™ Quarterly Grade (g/t) 0 Gold Grade (g/t) Record CS18.0M of quarterly revenue in Q4 CY2024 TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE Production Start-up § Plant commissioning complete, January 2024 § Increased mill through
Slide 14: Navilawa Caldera Regional Exploration
Regional Exploration §1 7 km wide caldera with very limited modern exploration §1 Multiple deep feeder systems possible throughout the caldera s}_ Numerous bonanza grade gold results from surface sampling §1 >30 high-potential untested drill targets already identified §! No modern systematic explora
Slide 15: +3917000 +3918000 +3919000 +3920000 +3921000 +3922000 +3923000 +3924000 +3925000 +3926000 +3927000
+3917000 +3918000 +3919000 +3920000 +3921000 +3922000 +3923000 +3924000 +3925000 +3926000 +3927000
Slide 16: Kingston, Banana Creek, Lumuni
Kingston Banana Creek Batiri Creek Lumuni Wailoaloa Tuvatu
Slide 17: Wailoaloa Discovery
Wailoaloa Discovery § Alkalic copper-gold <Q a porphyry discovery == ~ > Y > Typprccs 210.8 mat 0.13% Cu 1 1km northeast of Tuvatu (eo 163.2 m at 0.17% Cu §! Strong surface copper anomaly 147.4 mat 0.15% Cu §! Drilled four test holes, the first hole hit 163.2 m vuole Bao of 017% copper 127.8 m at 0.
Slide 18: Operating Mine, Exploration and Development, Discovery Pipeline
Operating Mine Exploration and Development Discovery Pipeline Tuvatu Gold Mine Definition West Zone (Plant Site) a reat (ee 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 19: Navilawa Caldera Exploration & Discovery; Tuvatu Expansion
5X 4X Navilawa Caldera Exploration & Discovery 3X 2X Tuvatu Expansion & Commercial Production 1X
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 real-time optimization of mining and drilling activities §3 Production capacity of over 10,000 samples per month Ee | Q TUVATU
Slide 21: Leadership Team
Leadership Team OFFICERS TECHNICAL TEAM | lan Berzins, CEO Ivan Maldonado, P. Geo | iN \ Tony Young, CPA, CA, CFO Melvyn Levrel, MAIG i] Patrick Hickey, COO Sergio Cattalani, Geo i) Hamish Greig, VP, Corp. Secretary Darren Holder, P.Geo Kevin Li, BEng Walter Berukoff CHAIRMAN & PRESIDENT DIRECTORS S
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 leadership §) Highly experienced operations team §] 300 TPD pilot plant in operation § 600 TPD plant expansion in 2026 § M
Slide 23: Corporate Snapshot
Corporate Snapshot CAPITALIZATION SHARE CAPITAL As of March 31, 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 $89 M LIO: SO.30 | 52wk: SO.60 | Avg. vol: 380K MAJOR INVESTORS Lion One Management and Ins
Slide 24: 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