LION ONE METALS LIMITED

LION ONE METALS LIMITED (ASX: LLO)

Lion One commences mining on URW1 lode at Tuvatu Alkaline Gold Project in Fiji.
Visible gold observed in multiple locations on the face of the lode and within four different fracture orientations.
Initial face sampling highlights include 51.2 g/t Au over 0.56 m, 117.48 g/t Au over 0.19 m, and 37.99 g/t Au over 0.19 m.

2023-05-19 09:50:00

Lion One Metals Limited reports significant new high-grade gold results from grade control drilling at its 100% owned Tuvatu Alkaline Gold Project in Fiji.
New high-grade gold mineralization was intersected in multiple bonanza grade zones at the URW1 lode system, approximately 120m east of the initial mining area.
Mining of URW1 is expected to begin in the next 2-4 weeks, with visible gold observed in several drill holes.

2023-04-26 08:17:00

Lion One Metals has commenced high-grade gold mining at Tuvatu, marking a significant milestone.
Initial mining involves 14 cuts of near-surface gold bearing mineralization totaling 475 tonnes, which will be added to the company's inventory stockpile.
The high-grade inventory stockpile will be used as feed for Lion One's custom-designed processing facility, currently under construction.

2023-04-06 13:08:00

Lion One Metals Limited has announced the acceleration of mine development and plant construction following the completion of project financing at the Tuvatu Alkaline Gold Project in Fiji.
The company has advanced the number 2 development drive by over 250 meters and has completed the first cut of high-grade material from the URA1 lode.
The processing plant components have already been delivered to Fiji, with shipments of the remaining bulk materials in progress and expected to be delivered by the end of March.

2023-02-17 10:16:00

Lion One Metals Limited has completed its previously announced debt and equity financing transaction and has received total proceeds of US$25 million.
The funding of the US$23 million 1st tranche (“Tranche 1”) of the financing facility was provided by Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund I, LP and Nebari Natural Resources Credit Fund II, LP.
An additional US $12 million is available under the Financing Facility at Lion One’s option in up to two further tranches which may be drawn on.

2023-02-13 12:00:00