lion one metals - tuvatu gold project - dec 2011 presentatn
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8/3/2019 Lion One Metals - Tuvatu Gold Project - Dec 2011 Presentatn
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Forward Looking Statements
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Certain information contained or incorporated by reference herein, including
any operating performance of Lion One Metals Ltd. (Lion One ), constitutes
"forward-looking statements". All statements, other than statements of
historical fact, are forward-looking statements. The words projected,
attributable, potential, will and similar expressions identify forward-
looking statements. Forward-looking statements are necessarily based upon
a number of estimates and assumptions that, while considered reasonable by
Lion One are inherently subject to significant business, economic and
competitive uncertainties and contingencies. Known and unknown factors
could cause actual results to differ materially from those projected in the
forward-looking statements. Such factors include, but are not limited to:
fluctuations in the currency markets; fluctuations in the spot and forward
price of gold or certain other commodities; changes in national and localgovernment legislation, taxation, controls, regulations and political or
economic developments in Canada or other countries in which Lion One does
or may carry on business in the future; business opportunities that may be
presented to, or pursued by, Lion One the ability to successfully integrate
acquisitions; operating or technical difficulties in connection with, mining or
development activities; the speculative nature of gold exploration and
development, including the risks of obtaining necessary licenses and permits;
diminishing quantities or grades of reserves; adverse changes in the credit
rating; and contests over title to properties. In addition, there are risks and
hazards associated with the business of gold exploration, development and
mining, including environmental hazards, industrial accidents, unusual or
unexpected formations, pressures, cave-ins, flooding and gold bullion losses
(and the risk of inadequate insurance, or inability to obtain insurance, to
cover these risks). Many of these uncertainties and contingencies can affect
the actual results and could cause actual results to differ materially from
those expressed or implied in any forward-looking statements made by, or on
behalf of, Lion One . You are cautioned that forward-looking statements are
not guarantees of future performance.
This presentation uses the terms inferred resources and measured &
indicatedresources. Lion One advises you that these terms are recognized
by Canadian securities regulations (under National Instrument 43-101
Standards of Disclosure for MineralProjects). You are cautioned not to
assume that any part or all of the mineral deposits in these categories will
ever be converted into reserves. In addition, inferred resources have a
great amount of uncertainty as to their existence, and economic and legal
feasibility. It cannot be assumed that all or any part of an inferred mineral
resource will ever be upgraded to a higher category. Under Canadian rules,
estimates of inferred mineral resources may not form the basis of feasibility
or pre-feasibility studies, or economic studies except for a preliminary
assessment as defined under NI 43-101. You are cautioned no to assume
that part or all of an inferred resource exists, or is economically or legallymineable.
The information contained herein is confidential and does not constitute a
recommendation by Lion One its agents or any vendor party nor does it form
the basis of any contract or offer for the sale of the business of gold
exploration, development and mining. The recipient of the information
contained herein agrees that the information is to be considered confidential
and proprietary to Lion One and shall hold the same in confidence, shall not
use it other than for the purposes of its business with Lion One and shall
disclose it only to its officers, directors, or employees with a specific need toknow. The recipient will not disclose, publish or otherwise reveal any of the
confidential information contained herein to any other party whatsoever
except with the specific prior written authorization of Lion One .
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Tuvatu and Analog
Vatukoula:
11M oz. gold
Tuvatu
Key Features
Same VolcanicTrend
Same BasicGeology
Same GravitySignature
Same PhysicalDimensions andScale
Same GeologicAge andFormativeEvents
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Location, Location, Location
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Fiji
Frieda River
15 M oz. Au
Grasberg46 M oz. Au
Porgera9 M oz. Au
Ok Tedi16M oz. Au
Wafi Golpu16M oz. Au
Gold Ridge1.5M oz. Au
Lihir
56 M oz. Au
Fiji
PNG
Solomon Islands
Vatukoula11M oz. Au
Namosi6.5M oz. Au
AustraliaTuvatu
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Mission Statement
Become a World Class Gold Producer
in the Pacific Rim
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Pro-Mining Government
(Fiji Times, Dec. 12, 2011)
The miningindustry is on(a) roll
The Mineral Resources Department is anticipating
another find with huge prospects(at) Tuvatu.
Tuvatu (is) earmarkedto be one of the big players in themining sector in the next few years.- Fiji Mineral
Resources Department Director Malakai Finau
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Walter H. Berukoff Gold Company Builder
Chairman & CEO - Lion One Metals
Founded:
Northern Orion: acquired by Yamana - $1.09 billion
Miramar Mining: acquired by Newmont - $1.53 billion
La Mancha: 120,000 oz./ year gold producer; 4 operatinggold mines; 2 million oz. resource base
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Key Investment Attributes
$18 million cash
No debt
40% insider ownership
40% institutional ownership
Market Cap
Currently $50 million
12 month range $50-$100 million
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Year 2000 Feasibility Study
Conducted by Tuvatus Previous Owner
Covered Only Previously-Drilled AreaExcludes Any Bulk Tonnage Potential
Assumptions: 3 g/t cutoff grade Production rate: 80,000 oz. / year
Mine life: 6.5 years Est. operating costs: $191/ounce
Gold Price Sensitivity (5% discount rate): $350/oz. NPV $36 million
$750/oz. NPV $200 million $1,500/oz. NPV $500 million
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20 Km Project Area
High Grade Outcrops
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Previously-Drilled Area
Previously-Drilled Area
Drilling Conducted byTuvatus Previous Owner:
60,000 meters core drilling27,000 meters RC drilling
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Previously-Drilled Area
Previous Drilling Program:
- 60,000 meters core drilling- Only 15,000 meters of core assayed
Representative Grades include:- 4.2 g/t over 94 m- 1.75 g/t over 47.6 m
- 2.3 g/t over 51.6 m- 5.1 g/t over 38.5 m
Bonanza Grades include:- 53.96 g/t over 9 m- 68.7 g/t over 1.37 m
- 79.2 g/t over 1.25 m- 107 g/t over 5.75 m- 285 g/t over 3.72 m
Surface Samples include: one at 1715 g/tand five samples over 100 g/t
Photo of core in boxes
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World Class Bulk Tonnage Potential
High grade veins overprinting bulk tonnage porphyry system
Current Work Program
Assaying All Drill Core inPreviously-Drilled Area
CompletingComprehensive IPSurveys
Scope to SignificantlyReduce Cutoff grade
Potent ia l to increase resourcein prev ious ly-dr i l led area to
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Multiple Additional Target Areas
Previously-Drilled Area
Future High Grade and Bulk Tonnage Targets
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Well-Developed Infrastructure
20 Km from Nadi International Airport
Company compound and site camp
Roads and power lines cross property
40 Km from deep water port in Lautoka
Access to abundant water resources
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Technical Team - 120 Years Combined Experience
Brian Hall, P. Geo, Director
Helen Grond, P. Geo, VP Exploration
David Pals, P. Geo, GIS-Database Manager
Sekonaia Bulu, Geologist (former Vatukoula)
Jerry Taganesia, Geologist
Aminisitai Loco, Geologist
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Action Plan/Milestones
2012:
Core sampling and relogging
Surface exploration and drilling
Resource modeling
Significant resource expansion
NI 43-101 Resource Estimates
Thereafter: Feasibility, Development, Production
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Outstanding Investment Opportunity
Prolific Gold Geologic Setting
Walter Berukoff Proven Track Record
Fully Funded No Debt
Contained Capital Structure
Pro-Mining Government
Widely Evidenced Commercial/Bonanza Ore Grades
First-Rate Technical Team
Well-Developed InfrastructureWorld Class Potential
Significantly Undervalued in the Market
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311 West 1st Street, North Vancouver, BC, Canada, V7M 1B5Toll Free within North America: 1.855.805.1250t: 604.998.1250 f: 604.998.1253e: [email protected] w: www.liononemetals.coms: TSX-V: LIO OTCQX: LOMLF FSE:LY1