Lion One Metals Limited · TSXV:LIO
Lion One Metals — Investor Presentation (July 2022)
28 slides from Lion One Metals's investor presentation, July 2022
Slide 1: Permitted to Produce Fiji's Next High Grade Gold Mine
KILION ONE * “PERMITTED TO PRODUCE FIJI'S NEXT HIGH GRADE GOLD MINE ~— oS j etd $ = Ya rn é a JULY 2022 Lio BES
Slide 2: Disclaimer
DISCLAIMER Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results The information provided in this presentation is not intended to be a to differ from those expressed or implied by the forward-looking
Slide 3: Major Investors
MAJOR INVESTORS DONALD SMITH VALUE FUND (7.51%) FRANKLIN PRECIOUS METALS (7.1%) Shares Outstanding 156,421,893 INVESCO GOLD FUND (4.82%) RBC GLOBAL PRECIOUS METALS Options 8,470,000 AEGIS VALUE FUND GABELLI GOLD FUND Broker Warrants 1,303,010 MACKENZIE PRECIOUS METALS CEO WALTER BERUKOFF (13%) Warra
Slide 4: Walter Berukoff Chairman & CEO
Walter Berukoff Chairman & CEO TRACK RECORD DIRECTORS RICHARD MELI CA., EX-RIO TINTO, LA MANCHA Northern Orion sold to Yamana in 2007 for $1.1B KEVIN PUIL CFA RIVI ADVISORS Miramar Mining sold to Newmont in 2008 for $1.5B DAVID TRETBAR PGEO EX-SUMMIT USA (SUMITOMO) La Mancha sold in 2012 for $600M M
Slide 5: Lion One Fiji Team
Patrick Hickey Kevin Li Chief Operating Officer Project Manager Engineer, mine builder, Ex Engineer – Formerly Fluor, SNC Newmont/Kinross Lavalin, Saskpower, Pretium Lion One Fiji Team Over 200 years combined experience in underground mining, geology, drilling, and mineral exploration TSX-V: LIO OTC
Slide 6: 6 Drill Rigs
Sergio Cattalani Senior VP, Exploration Will Ostrenga, P.Geo Quinton Hennigh, P.Geo Economic geologist, Economic geologist, Economic geologist, Ex-Osisko Mining, Inco-CVRD, Ex-Sumitomo, Novo Resources Ex-Newmont, Novo Resources Equinox Gold ASSAY LAB 6 DRILL RIGS 2 * additional rigs on order TSX-V:
Slide 7: TUG 141: 20.9 g/t Au over 75.9 meters
▪ the longest high-grade gold intercept ever recorded at Tuvatu (June 2022) ▪ new discovery located at depth beneath the current resource ▪ fully contained within the permit boundaries of the Tuvatu mining lease TUG 141: 20.9 g/t Au over 75.9 meters • from 443.4-519.3m, including: • 35.25 g/t Au ove
Slide 8: Plan view of the trace of TUG-141
Plan view of the trace of TUG-141 and selected drill holes relative to the 500 Zone lodes modeled to date. Other notable intervals include: - 138.15 g/t Au over 0.30m from 450.9-451.2m - 396.16 g/t Au over 0.30m from 479.1-479.4m - 103.54 g/t Au over 0.30m from 498.6-498.9m - 340.07 g/t Au over 0.30
Slide 9: Vertical section looking E at the traces of TUG-141
Vertical section looking E at the traces of TUG-141 and selected drill holes relative to the 500 Zone lodes modeled to date. TUG-141 was drilled from underground along the Tuvatu exploration decline. The traces of known lodes UR2 and UR4, and modelled lodes of the 500 Zone feeder are shown in red. T
Slide 10: Veinlet With Gold & Roscoelite
(L) 0.5mm wide veinlet with gold & roscoelite from sample that assayed 600 g/t Au (R) Vein of gold + pyrite under microscope TSX-V: LIO OTCQX: LOMLF 10 www.liononemetals.com
Slide 11: TUG 141 500F Lode 500A Lode
TUG 141 500F Lode 500A Lode 500F Lode 500A Lode 500B Lode 500B Lode TSX-V: LIO OTCQX: LOMLF 11 www.liononemetals.com
Slide 12: Vuggy Breccia and Stockwork Veins
(E) Vuggy breccia with coarse pyrite and silicified-sulfidized ground mass. Breccia clasts are angular 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 clasts are highly altered silicifie
Slide 13: World Class Alkaline Gold Systems
LIHIR, PNG WORLD CLASS ALKALINE GOLD SYSTEMS LIHIR, PNG PORGERA, PNG 75 MILLION OZ. GOLD PRODUCTION PORGERA, PNG VATUKOULA, FIJI VATUKOULA, FIJI FIJI ISLANDS WORLD CLASS ALKALINE GOLD SYSTEMS 75 MILLION OZ. COMBINED GOLD PRODUCTION TSX-V: LIO OTCQX: LOMLF 13 www.liononemetals.com
Slide 14: Small in Number but Economically Significant
Small in Number but Economically Significant Unusually Large, Unusually High Grade Tuvatu Tuvatu modified from Jensen, E.P. and Barton, M.D. 2000 Gold Deposits Related to Alkaline Magmatism, SEG Reviews, v. 13, Chapter 8, pp. 279-314 TSX-V: TSX-V:LIO LIO OTCQX: OTCQX:LOMLF LOMLF 14 1 www.liononemeta
Slide 15: Tuvatu
LIHIR, PNG WORLD CLASS ALKALINE GOLD SYSTEMS PORGERA, PNG 75 MILLION OZ. Tuvatu minesite located GOLD PRODUCTION VATUKOULA 25km from Fiji office at Nadi International Airport VATUKOULA, FIJI 35km from deepwater port of Lautoka PORT OF LAUTOKA 40km from Vatukoula (7 million oz. producer) TUVATU Vastl
Slide 16: Current Resource
100 g/t Au 46 g/t Au KINGSTON BANANA CREEK FROM ROCK CHIPS FROM ROCK CHIPS 293 g/t Au 54 g/t Au NUBUNIDIKE MATANAVATU FROM ROCK CHIPS FROM ROCK CHIPS TUVATU Current Resource (3.0 g/t cutoff) 502 g/t Au 101 g/t Au 274,600 oz. indicated @ 8.48 g/t Au JOMAKI URA CREEK 384,000 oz. inferred @ 9.00 g/t Au
Slide 17: Exploration Strategy
EXPLORATION LICENSE MINING LEASE EXPLORATION STRATEGY 1. RESOURCE EXPANSION 2. DEPTH EXTENSIONS 3. REGIONAL TARGETS Navilawa caldera TSX-V: LIO OTCQX: LOMLF 17 www.liononemetals.com
Slide 18: Zone Infill Drilling and Resampling Program
Zone 2 infill drilling and resampling program, Zone 5 ~8400m, completed Zone 5 infill drilling and resampling program, 7500m planned Zone 2 decline 500 zone TSX-V: LIO OTCQX: LOMLF 18 www.liononemetals.com
Slide 19: Zone Infill Drilling Showing All Intercepts
1616 g/t Au TUDDH565 decline Murau and Snake lodes Zone 2 infill drilling showing all intercepts =>10 g/t Au TSX-V: LIO OTCQX: LOMLF 19 www.liononemetals.com
Slide 20: Alkaline Au Deposits
Alkaline Au deposits are known to exhibit remarkable vertical continuity of mineralization, up decline to >1200m vertically e.g. Cripple Creek, CO; Vatukoula, Fiji. Vertical extent of mineralization at Tuvatu is currently 1140 m All intercepts =>10 g/t Au 350m of largely untested high-grade feeder T
Slide 21: 500 Zone Drilling to Date
15.4 gpt 12.3 gpt 14.1 gpt 38.0/1.10 52.1 gpt 4.4/5.2, 7.9/3.9, 87.8/1.5 500 Zone drilling to date 17.2/2.15 114.1/0.3 550m 35.3/2.0 24.9/3.7 • 150m x 250m over a ~90m thickness VG 55.4/2.3 • using a 3 g/t cutoff, average grade of 23.1/3.0 55.0/12.7 80.9/3.3 12.5 gpt 5.8/5.2 all composited intervals
Slide 22: DDH 500 DDH 533 DDH 544W2
DDH 500 DDH 533 DDH 544W2 DDH 544W2 33.40 g/t Au over 3.90m from 629.3m DDH 500 55.43 g/t Au over 12.7m DDH 533 55.44 g/t Au over 2.30m DDH 494 re- from 571.0m from 575.7m entry 1106m TSX-V: LIO OTCQX: LOMLF 22 www.liononemetals.com
Slide 23: Drill Targets
decline All intercepts =>10 g/t Au other possible feeders? DRILL TARGETS 500 zone TSX-V: LIO OTCQX: LOMLF 23 www.liononemetals.com
Slide 24: Navilawa Caldera
NAVILAWA CALDERA HIGH GRADE GOLD ACROSS 7KM WIDE 46 g/t Au NAVILAWA CALDERA 20 g/t Au BANANA CREEK FROM ROCK CHIPS CENTRAL RIDGE FROM ROCK CHIPS DRILLED RESOURCE AREA 54 g/t Au COVERS LESS THAN 5% OF HI 100 g/t Au MATANAVATU KINGSTON FROM ROCK CHIPS LICENSE AREA FROM ROCK CHIPS TUVATU Current Resour
Slide 25: Permits Are In Place for Underground Mining Operations
PERMITS ARE IN PLACE FOR UNDERGROUND MINING OPERATIONS DEVELOPMENT OF NO. 2 UNDERGROUND ACCESS PORTAL UNDERWAY MOBILE MINING EQUIPMENT FLEET HAS BEEN PURCHASED OR DELIVERED EXPECTED UG DEV RATE OF 2M/DAY TSX-V: LIO OTCQX: LOMLF 25 www.liononemetals.com
Slide 26: Detailed Engineering & Procurement Underway
DETAILED ENGINEERING & PROCUREMENT UNDERWAY DESIGN PROCESS COMPLETED FOR SCALABLE MILL FACILITY INSTALLATION & INITIAL PRODUCTION PLANNED FOR Q3 & Q4 2023 TSX-V: LIO OTCQX: LOMLF 26 www.liononemetals.com
Slide 27: Minesite Infrastructure
MINESITE INFRASTRUCTURE Plant SIte Contracts are complete or in final negotiation for all infrastructure including: 1. Offices 2. Water supply and waste-water treatment. 3. Power 4. Tailings 5. Mine Explosives Magazine 6. Communications including fiber-optic access Exploration Base Camp (obscured) B
Slide 28: Lion One Metals Limited
LION ONE METALS LIMITED 306-267 WEST ESPLANADE NORTH VANCOUVER BC V7M 1A5 CANADA Investor Relations Tel: 604-998-1250 Fax: 604-998-1253 Toll Free: 1-855-805-1250 email: info @ liononemetals.com www.liononemetals.com TSX-V: LIO OTCQX: LOMLF 21 www.liononemetals.com