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Lion One Metals Ltd. is focused on the exploration and development of mineral projects in the under-explored volcanic centers of the Fijian Islands. The company's flagship property is the Tuvatu gold project, which was subject to advanced exploration, development work and feasibility studies in the late 1990s. Lion One plans to build value through leveraging upon previous investment in Tuvatu and by conducting systematic exploration of prospective areas within the rest of the 38,034 ha held under license. The company's vision is to become a low-cost gold producer while building a portfolio of quality projects in Fiji and abroad.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
"Tuvatu is the kind of low-capex, straightforward deposit that the majors are looking for these days. Tuvatu is not big enough for that, but maybe it will be at some point. Even if it isn't, it is the sort of project that can be developed by a smaller company. Capex for that sort of small underground operation runs at about $100M+, not billions like the vast low-grade operation may of the majors were focused on until recently. After the merger with Avocet, Lion One's got about 60M shares out and probably $15M in the bank. It has to work its way through a PEA and a feasibility plan for Tuvatu but a previous operator took Tuvatu all the way to feasibility so Lion One has a lot of data in hand already. A new resource number should be out in a couple of months, and I would think it's probably up around 1 Moz now."
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