Lion One Metals: Fiji’s Next High Grade Gold Mine
BTV heads to Fiji to find gold with CEO Walter Berukoff (who sold his previous 3 companies for an average of a billion dollars) and Technical Advisor Quinton Hennigh
Dr. Quinton Hennigh, Lion One Metals Technical Advisor
Dr. Quinton Hennigh discusses alkaline systems in the South Pacific
Mining Lease Ceremony
Hon. Prime Minister of Fiji, Mr. V. Bainimarama, formally presents the Tuvatu Mining Lease to Lion One
In a Jan. 3 research note, Scarsdale Equities analyst Mike Niehuser reported that “evidence continues to mount for an alkaline gold system” at Lion One Metals Ltd.’s (LIO:TSX.V; LOMLF:OTCQX) Tuvatu project in Fiji. Accordingly, Scarsdale increased its target price on the gold company to CA$2.25 per share and kept it Buy rated. In comparison, Lion One’s current share price is CA$1.64.
The highlights of this Canadian company’s cornerstone asset are outlined in an Echelon Wealth Partners report.
In an Oct. 23 research note, analyst Ryan Walker reported that his firm Echelon Wealth Partners added Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) to its Watch List after meeting with the company’s management at the recent Precious Metals Summit.
“Importantly,” Walker pointed out, “about 80% of the existing resource is within just 200 meters (200m) of surface. Yet past drilling was done primarily within 300m from surface and only a small fraction went below 400m down.
Scarsdale Equities Analyst, Mike Niehuser: “We are gratified to see Lion One Metals Ltd. take the necessary steps to accelerate the potential expansion of the Tuvatu resource and the exploration of the Navilawa caldera. We anticipated that deeper or regional exploration would take place once the project was in production, but there is logic in demonstrating its world-class potential to attract capital with less dilution and financing risk.”
Tuvatu is expected to produce 100,000 ounces of gold per year over a 10-year mine life
Wally Berukoff formed Lion One Metals (LIO-V) and ended up with the assets of the former Emperor Mines after they left Fiji. After selling Vatukoula Wally retained Tuvatu that had been part of the development pipeline of Emperor. It’s a very large and potentially rich alkaline gold system similar to that of Cripple Creek (28 million ounces), Lihir (40 million ounces), Porgera (25 million ounces) and Vatukoula (11 million ounces).
As Lion One moves forward with getting its low-cost, fully permitted Fiji gold mine into production, Dr. Quinton Hennigh joins the team as an advisor.
Technical analyst Clive Maund explains why he believes both the fundamental and technical outlooks for this company look strong.
Lion One Metals (TSXV: LIO) announced has just bought the drilling assets of drilling company Geodrill, which is located in Fiji’s main island.
The purchase would allow Lion One to prepare for drilling at its 100%-owned Tuvatu gold project, which on the island of Viti Levu also in the Fiji Islands.
Lion One Metals (TSXV: LIO) has signed an indicative term sheet with two Chinese companies for a US$40 million financing package to develop “Fiji’s next high-grade gold project”.
Lion One Metals (LIO-TSXV; LOMLF-OTCQX) holds Fiji’s Tuvatu gold project, one of the highest-grade gold mining prospects in the world. Led by Walter Berukoff, Lion One plans to mine the yellow metal in the near future.
Lion One Metals Limited is pleased to announce important news on the continued progress of the development of its 100% owned and fully permitted Tuvatu Gold Project in Fiji. The Company has issued a tender for underground mining services and has received competing bids for the EPC contract and fabrication of the Tuvatu processing plant and construction of the supporting infrastructure.
Lion One Metals Ltd. (OTCQX:LOMLF) owns 100% of the fully permitted Tuvatu Gold Project on the island of Viti Levu in the Republic of Fiji. This project is currently in development and the company is in the financing stage. I am convinced that Lion One is undervalued and could rise substantially in a flat or rising gold environment.
Creasy has shares in Lion One Metals, a Canadian development and exploration company with a focus on its 100 per cent-owned Tuvatu Gold Project in Fiji. The Fijian government gave the project a “green light” in late 2015 and Lion One shares on the ASX have performed well since. The stock is up almost 140 per cent in the past year.
Walter Berukoff, CEO of Lion One Metals, illustrates in two sentences his fondness for precious metals. “My grandparents came here from Eastern Europe,” he explains. “What they brought with them was their gold.”