Investor Presentation May 2015
Forward Looking Statements Certain information contained or incorporated by reference herein, including This presentation uses the terms “inferred resources” and “measured & any operating performance of Lion One Metals Limited (“Lion One”), indicated resources”. Lion One advises you that these terms are recognized constitutes "forward-looking statements". All statements, other than by Canadian securities regulations (under National Instrument 43-101 statements of historical fact, are forward-looking statements. The words “Standards of Disclosure for Mineral Projects”). You are cautioned not to “projected”, “attributable”, “potential”, “will” and similar expressions assume that any part or all of the mineral deposits in these categories will identify forward-looking statements. Forward-looking statements are ever be converted into reserves. In addition, “inferred resources” have a necessarily based upon a number of estimates and assumptions that, while great amount of uncertainty as to their existence, and economic and legal considered reasonable by Lion One are inherently subject to significant feasibility. It cannot be assumed that all or any part of an inferred mineral business, economic and competitive uncertainties and contingencies. Known resource will ever be upgraded to a higher category. Under Canadian rules, and unknown factors could cause actual results to differ materially from estimates of inferred mineral resources may not form the basis of feasibility those projected in the forward-looking statements. Such factors include, but or pre-feasibility studies, or economic studies except for a preliminary are not limited to: fluctuations in the currency markets; fluctuations in the assessment as defined under NI 43-101. You are cautioned no to assume spot and forward price of gold or certain other commodities; changes in that part or all of an inferred resource exists, or is economically or legally national and local government legislation, taxation, controls, regulations mineable. and political or economic developments in Canada or other countries in The content of this presentation has been reviewed by Mr. Rob McLeod, which Lion One does or may carry on business in the future; business P.Geo, a consultant to the Company and a Qualified Person for the purposes opportunities that may be presented to, or pursued by, Lion One the ability of National Instrument 43-101. to successfully integrate acquisitions; operating or technical difficulties in connection with, mining or development activities; the speculative nature of The information contained herein is confidential and does not constitute a gold exploration and development, including the risks of obtaining necessary recommendation by Lion One its agents or any vendor party nor does it form licenses and permits; diminishing quantities or grades of reserves; adverse the basis of any contract or offer for the sale of the business of gold changes in the credit rating; and contests over title to properties. In exploration, development and mining. The recipient of the information addition, there are risks and hazards associated with the business of gold contained herein agrees that the information is to be considered confidential exploration, development and mining, including environmental hazards, and proprietary to Lion One and shall hold the same in confidence, shall not industrial accidents, unusual or unexpected formations, pressures, cave-ins, use it other than for the purposes of its business with Lion One and shall flooding and gold bullion losses (and the risk of inadequate insurance, or disclose it only to its officers, directors, or employees with a specific need to inability to obtain insurance, to cover these risks). Many of these know. The recipient will not disclose, publish or otherwise reveal any of the uncertainties and contingencies can affect the actual results and could cause confidential information contained herein to any other party whatsoever actual results to differ materially from those expressed or implied in any except with the specific prior written authorization of Lion One . forward-looking statements made by, or on behalf of, Lion One . You are cautioned that forward-looking statements are not guarantees of future performance. 2 2 2
Company Tuvatu: Green Light for Development • “Green Light” for development of high grade Tuvatu gold deposit in Fiji • Grant of Mining Lease approved by Fiji Govt. • 21 Year Surface Lease, Environmental permits • Veteran team with impressive track record in mine development and M&A transactions • Strong capital structure and insider ownership 3 3 3
Leadership Chairman, & CEO Walter H. Berukoff Previous companies started, built, and later sold; founder & former CEO of Northern Orion Resources : acquired for $1.1 Billion by Yamana Gold in 2007 Miramar Mining: acquired for $1.5 Billion by Newmont in 2008 La Mancha Resources: acquired for $499 million by Weather II in 2012 20 mines developed in 7 countries 4 4 4
People Walter Berukoff, Chairman & CEO; Founder Richard Meli, Director; Former Kennecott, and CEO of Miramar Mining, Northern Orion, La Mancha; former SVP of Mergers and La Mancha Resources; Red Lion Management Acquisitions at Rio Tinto Stephen Mann, Managing Director; Geologist, George S. Young, Director; Former Former Utah Development Corp., BHP, President & Director MAG Silver, Former Newcrest; Managing Director of AREVA Director International Royalty Corp. Australia and Avocet Resources Kevin Puil, Director; CFA, Former Portfolio Samantha Shorter, Chief Financial Officer; Manager at Malcolm Gissen & Associates, CA, former audit manager at major Canadian and Senior Analyst at the Encompass Fund accounting firm specializing in mining industry Stephanie Martel, VP Admin; Chief Operating Hamish Greig, VP, Director, Corporate Officer of Red Lion Management and Lion One Secretary; 15 years experience in investor Limited Fiji relations, corporate finance and administration 5 5 5
Capital Structure Shares Outstanding: 60,175,608 Common shares: 49,646,802 CDI’s on ASX: 10,528,806 (1:1) Listings Options: 3,535,000 Canada TSX-V: LIO Australia ASX: LLO Fully Diluted: 63,735,608 USA OTCQX: LOMLF Recent Price: $0.25 EU FSX: LY1 Market Cap: $15 million Cash: $5 million Percentage held by insiders: 33% 6 6 6
Fiji Projects Five tenements, 38,000 hectares under license along highly prospective regional trend of alkaline intrusive volcanics and epithermal gold deposits Vatukoula Tuvatu Intermediate wavelength gravity field; western Viti Levu Excerpted from 1998 Au said Fiji Airborne Geophysical Survey 7 7 7
Fiji Gold Strategy • Advance Tuvatu • Achieve Production • Explore & Discover High grade resource with a mining lease and 21 year surface lease on a volcanic goldfield in Fiji 8 8 8
Location & Infrastructure Lautoka - Close to international airport at Nadi and deep water port at Lautoka - Close to urban centers and skilled mining workforce Tuvatu - 15 km drive to full time camp at LIO tenements Nadi Tuvatu from Lion One Fiji office - Power lines traverse project area 10 km Nadi 9 9 9
N 10 km LION ONE METALS Tenements: SPL’s 1283, 1296, 1465 Tuvatu Location Map SML 62 Viti Levu, Fiji 10 10 10
Tuvatu Gold Deposit - A high grade, vein hosted gold deposit - Steeply dipping veins extending 600 m N-S and 500 m E-W, 540 m vertically - 39 veins in resource model; average widths of 2.2 m, from 0.04 m to 9.0 m; - Free gold present in both fine and coarse grains, potentially amenable to conventional gravity processing; gold also contained in quartz or pyrite composite particles amenable to extraction by floatation and leaching 11 11 11
High Grade, Near Surface Resource NI 43-101 Resource: (reported at a 3.0 g/t grade cut off) - 1.1 million tonnes indicated grading 8.46 g/t Au for 299,500 ounces gold - 1.5 million tonnes inferred grading 9.7 g/t Au for 468,000 ounces gold - Over 100,000 m drilled - Previous feasibility study; - 1,340 m UG development; - 600 m decline to 240 m depth, with cross cuts, raises, and drill stations Cutoff Indicated Resource (diluted) Inferred Resource (diluted) g/t tonnes g/t oz. Au tonnes g/t oz. Au 1.0 1,943,000 5.61 350,300 3,022,000 5.8 561,000 2.0 1,435,000 7.07 326,200 2,156,000 7.5 520,000 3.0 1,101,000 8.46 299,500 1,506,000 9.7 468,000 5.0 683,000 11.25 247,000 872,000 13.9 390,000 Excerpt from “Technical Report and Resource Estimate on the Tuvatu Gold Deposit” Dated May 6, 2014 and prepared by Mining Associates Limited 12 12 12 12
Resource Expansion Potential Limited drilling below 250 meters depth below surface Section view along exploration decline GM contours Higher Grade Intercepts Include: TUDDH 160: 4.22 m of 252.64 g/t Au from 332 m 4.12 m of 19.61 g/t Au from 403.2 m 2.0 m of 37.82 g/t Au from 416.5 m TUDDH 176: 0.95 m of 56.51 g/t Au from 437.35 m 2.75m of 26.24 g/t Au from 496 m 13 13 13
N SML 62 1,000 m LION ONE METALS Areas Drilled Prospects Viti Levu, Fiji Projection of Decline Mapped Structures Tuvatu Mining Lease 14 14 14
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