Lion One Metals Limited · TSXV:LIO
Lion One Metals — Investor Presentation (November 2022)
34 slides from Lion One Metals's investor presentation, November 2022
Slide 1: Corporate Presentation
METAL S See A a» 7? tad - a =. exp? — f= en. ee ae CORPORATE PRESENTATION e J LION ONE NOVEMBER 2022 TUVATU GOLD PROJECT = ~~
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 $31 M — VITI LEVU from Nadi International Airport in Fiji working capital (CAD) 5 Gold Project (Oct. 1, 2022) Ax 136km? 12,000 f exploration license area assay lab monthly sampling capacity 8/30,000m 2035 8 rigs /annual drilling capacity updated Mine
Slide 4: Corporate Snapshot
Corporate Snapshot CAPITALIZATION SHARE CAPITAL As of Nov. 1, 2022 Shares Outstanding 173,769,893 LARGEST INVESTORS Options 13,015,000 ° Warrants 9714,880 Walter Berukoff (CEO) 12.03% Shares Fully Diluted 196,499,773 Donald Smith & Co. 6.76% Market Capitalization $122M Franklin Precious Metals 6.38%
Slide 5: Walter Berukoff and 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 S600M Emperor Gold Mines Fiji Gold Assets (Vatukoula & Tuvatu) purchased in 2008. Lion One Metals Limited created in 2011 Leade
Slide 6: OHNE
OHNE ne wovoieuras rowe rcanomr §YLION 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 Design process completed for @ rate of 2m per day; currently at 150m scalable mill facility Detailed engineering & procurement underway Installation & initial produ
Slide 8: Mine Site Infrastructure: Set Up For Success
Mine Site Infrastructure: Set Up For Success pe Sag PLANT SITE eae fo EXPLORATION S18 TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE Contracts are complete or in final negotiation for all mine infrastructure including: OFFICES COMPLETED WATER SUPPLY AND WASTE-WATER TREATMENT UNDERWAY POWER UNDERWAY e a &
Slide 9: Fiji: 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 t
Slide 10: Prime Location & Setting
Prime Location & Setting STRUCTURAL SETTING on Fiji's Viti Levu Lineament Rakiraki Sibir > Grasberg , Batu YzPergera © Panguna AU eet, JECT Vatia Wharf Hijau ; v een Gold Ridge ee Pongkor a Vatukoul a oO oor _Matukoula FULISLANDS 11m oz. gold system Port of Lautoka_o) “ 7m oz. gold production Intl.
Slide 11: The Next World Class Alkaline Gold Deposit
The Next World Class Alkaline Gold Deposit VATUKOULA Three Globally Significant Alkaline Gold System 16.4M oz. Gold Produced / 30M oz. Resource Inventory 100 10 grams per ton oy 3 be 6 01 0.01 Papua New Papua New 0.4 10 100 Ore, in million tons TUVATU: FS NEXT HIOH GRADE GOLD MINE LION ONE METALS |
Slide 12: Tuvatu Project Overview
Tuvatu Hovey Project Overview ace re HIGH GRADE RESOURCE 5 Navilawa Caldera PERMITTED FOR PRODUCTION 8 A PRIME GEOLOGICAL SETTING PROXIMITY TO INFRASTRUCTURE PRO-MINING COUNTRY LEGEND PB tenement Bouncery | Mining Lease Soundary E caldera rim outine 136km’ Prospecting License (SPL’s) 3.85 km?Mining-
Slide 13: Exploration Strategy
Exploration Strategy a a ae — Tuvatu | Sam A suRFACE Navilawa Caldera o ~ MINE ZONE \7/ _ REGIONAL EN development ff discoveries ef 500m level Deep Feeder ZONE 500 exploration OPEN TUVATU RESOURCE TO DEPTH NAVILAWA CALDERA Section View & Depth Profile VW Plan View TUVATU: FIJI'S NEXT HIGH GRADE GOLD
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 Z- TUDDH 500, TUG 141 & TUDDH 601: depth seelly extensions of current resource with exceptional high-gra
Slide 15: Tuvatu Exploration
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 TUDDH 533_577.7m 221.6 TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF LION ONE METALS
Slide 17: Tuvatu Exploration
Tuvatu Exploration - TUDDH 500: 582:1m, a ae ae ead ads a/tAu 2 << TUG 498 Sm,s TUVATU: FLUI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF GIL LION ONE METAL
Slide 18: UR1 URW1 UR4
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 Grade
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 su sac oe oo coveseneas weno oreniome — S§YLION ONE
Slide 27: Regional - BLEG Geochemical Survey
Regional - BLEG Geochemical Survey Catchment Analysis BLEG (Au pp) [139-80 (Priority 1) GG) 10-199 (Priority 2) HIGH GRADE GOLD ACROSS 7KM WIDE NAVILAWA CALDERA DRILLED RESOURCE AREA COVERS LESS THAN 5% OF LICENSE AREA TARGET-RICH ENVIRONMENT 4 TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METAL
Slide 28: Regional - CSAMT Geophysical Survey
Regional - CSAMT Geophysical Survey CSAMT COVERAGE [es BANANA CREEK HIGH GRADE GOLD ACROSS CENTRAL RID! —— ae 7KM WIDE NAVILAWA CALDERA Sc DRILLED RESOURCE AREA COVERS LESS THAN 5% OF LICENSE AREA TARGET-RICH ENVIRONMENT Q TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX:
Slide 29: Regional - Geology & Target Generation
Regional — Geology & Target Generation leas on0 an 2000 i ndfferetiated magnetic voleariee Ind Herantisted low-magnetc volcanics =——$$—— Kilometres 30 TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF §3 LION ONE
Slide 30: Regional Upside
SNAVILAWA Regional Upside CALDERA HIGH GRADE GOLD ANOMALIES ACROSS 7KM STRIKE IN NAVILAWA ALKALINE GOLD SYSTEM FRO TUVATU DRILLING CONFIRMS VERTICAL PROFILE , = : * ,q@ MATANAVATU OF AT LEAST 1,200 METERS, OPEN TO DEPTH CSAMT REVEALS STEEP STRUCTURAL GRADIENTS OVER 1.KM DEEP ACROSS ENTIRE 7KM STRIKE
Slide 31: Alkaline Gold Systems and Current Resource
Alkaline Gold Systems 32 1B TAS diagram for gold deposits associated with epithermal Au deposits 6 “4 2 2 = indeed | Eo ‘ naling ° Sobaikaline Ss 2 + os < 4 2 a) \ a 80 nN. SiO, wt % modified from Jensen, E.P. and Barton, M.D. 2000 Gold Deposits Related to Alkaline Magmatism, SEG Reviews, v. 13, Cha
Slide 32: Exploration Model
Exploration Model Generalized Model (after Bonham, 1986) Tuvatu Deposit Structural Array Bodded explosion breccia Hot Spring sintar (Hq-Sb-A) Sintor + contoct opproumote UNIQUE ATTRIBUTES ~~ Y (Ore zone: Au-Ag telluride, Deep, high grade gold rites hematite pyrite, +/-arsenopyrte, nor . Base metal s
Slide 33: Similarities to Porgera
Similarities to Porgera AGE PORGERA 5 Ma TUVATU / VATUKOULA 5.4-4.6Ma ALKALIC IGNEOUS ROCKS Silica-poor, K-rich, shoshonitic rootless. Intrusive Complex Shoshonites intruded by monzonite stocks TECTONIC/ GEOLOGICAL SETTING Islanc-are continental crust, fold- thrust, collision belt with deep seated c
Slide 34: Lion One Metals
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 PERMITTED TO PRODUCE FIJI'S NEXT HIGH GRADE GOLD
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