LION One Announces the Start of Construction at the Tuvatu GOLD Project
311 West 1
st
Street, North Vancouver, BC, V7M 1B5
Tel: 604‐998‐1250 fax: 604‐998‐1253 NA toll‐free: 1‐855‐805‐1250
email: info (@) liononemetals.com web: www.liononemetals.com
LION ONE ANNOUNCES THE
START OF CONSTRUCTION AT THE TUVATU GOLD PROJECT
North Vancouver, British Columbia‐‐(Newsfile Corp. ‐ November 14, 2017) ‐ Lion One Metals
Limited (TSXV: LIO) (ASX: LLO) (OTCQX: LOMLF) (FSE: LY1) (the "Company") is pleased to
announce the start of the construction phase of the Tuvatu Gold Project with the release of
the site Bulk Earthworks Contract. The Company has awarded the Contract to A.R. Quarry
and Concrete Limited (ARQC), a large, reputable civil contractor based in Nadi, Fiji. ARQC
won the contract in a competitive tender process with multiple bidders.
The contract scope of work includes approximately 112,000 m3 of excavation and 85,000 m3
of fill. Specific construction activities include the following:
mill site bulk excavation and fill for 5 platforms for the run of mine ore stockpile, the
crushing plant, the processing plant, the maintenance building, and the diesel power
generation plant;
mill site road construction;
erection of three retaining walls ranging in height from 3 m to 10 m high;
construction of a lined storm water detention pond;
excavation of a large diversion ditch to redirect storm water runoff around the mill
site;
installation of site drainage ditches and culverts for management of mill site storm
water runoff;
straightening of Tuvatu creek to open up additional required site area;
rerouting of 400m of the Navilawa Road outside the mill site proper to ensure public
safety and security;
preparation of a pad for the installation of the engineered fill crushing plant;
preparation of a pad for the installation of the mine maintenance shop and mine dry.
ARQC will begin mobilizing equipment and personnel immediately. The earthworks are
planned to be substantially complete in Q2 2018.
A ground breaking ceremony is planned inviting government officials, members of the press,
and the local communities. The general public is also welcome to attend. The date and time
will be posted on our website.
311 West 1
st
Street, North Vancouver, BC, V7M 1B5
Tel: 604‐998‐1250 fax: 604‐998‐1253 NA toll‐free: 1‐855‐805‐1250
email: info (@) liononemetals.com web: www.liononemetals.com
About Tuvatu | Lion One | Fiji Gold
Lion One is aggressively advancing its 100% owned Tuvatu Gold Project as a world class
discovery and near‐term production opportunity in the southwest Pacific Ring of Fire.
Tuvatu is modeled for exploration after regional giants in the low sulphidation family of high
grade epithermal gold deposits such as Porgera and Lihir in PNG, and Vatukoula in Fiji. These
spectacular discoveries have produced over 35 million ounces of gold in similar alkaline
volcanic settings. Tuvatu has been fully permitted by the Government of Fiji for operations
startup and has a dual‐track strategy of production development and resource expansion
inside its 385 hectare mining lease.
Tuvatu is located 25 km from the international airport in Nadi, on the west coast of Viti Levu
in the Republic of Fiji. Lion One's CEO Walter Berukoff leading an experienced team of mine
builders, has owned or operated over 20 mines in 7 countries. As the founder and former
CEO of Miramar Mines, Northern Orion, and La Mancha Resources, Walter is credited with
building over $3 billion of value for shareholders.
Ian Chang, M.A.Sc., P.Eng., Chief Development Officer, is the Qualified Person ("QP")
responsible for Tuvatu Mine development.
For more information on Lion One including technical reports please visit the Company's
website at www.liononemetals.com or the SEDAR website at www.sedar.com.
On behalf of Lion One Metals Limited
"Ian I Chang"
Chief Development Officer
For further information please contact
Hamish Greig, Vice President (North Vancouver, BC) Tel: 604‐973‐3008
Joe Gray, Investor Relations (North Vancouver, BC) Tel: 604‐973‐3004
Toll Free IR Line (North America) Tel: 1‐855‐805‐1250
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Service Provider accepts
responsibility for the adequacy or accuracy of this release.
This press release may contain "forward‐looking information" within the meaning of
applicable Canadian securities legislation. All statements, other than statements of historical
311 West 1
st
Street, North Vancouver, BC, V7M 1B5
Tel: 604‐998‐1250 fax: 604‐998‐1253 NA toll‐free: 1‐855‐805‐1250
email: info (@) liononemetals.com web: www.liononemetals.com
fact, included herein are forward looking information. Generally, forward‐looking
information may be identified by the use of forward‐looking terminology such as "plans",
"expects" or "does not expect", "proposed", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases, or by the use of words or phrases which state that
certain actions, events or results may, could, would, or might occur or be achieved. This
forward‐looking information reflects Lion One Metals Limited's current beliefs and is based
on information currently available to Lion One Metals Limited and on assumptions Lion One
Metals Limited believes are reasonable. These assumptions include, but are not limited to,
the actual results of exploration projects being equivalent to or better than estimated results
in technical reports, assessment reports, and other geological reports or prior exploration
results. Forward‐looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity, performance or
achievements of Lion One Metals Limited or its subsidiaries to be materially different from
those expressed or implied by such forward‐looking information. Such risks and other factors
may include, but are not limited to: the early stage development of Lion One Metals Limited,
general business, economic, competitive, political and social uncertainties; the actual results
of current research and development or operational activities; competition; uncertainty as to
patent applications and intellectual property rights; product liability and lack of insurance;
delay or failure to receive board or regulatory approvals; changes in legislation, including
environmental legislation, affecting mining, timing and availability of external financing on
acceptable terms; not realizing on the potential benefits of technology; conclusions of
economic evaluations; and lack of qualified, skilled labor or loss of key individuals. Although
Lion One Metals Limited has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward‐looking information, there may
be other factors that cause results not to be as anticipated, estimated or intended.
Accordingly, readers should not place undue reliance on forward‐looking information. Lion
One Metals Limited does not undertake to update any forward‐looking information, except
in accordance with applicable securities laws.