Lion One Metals Corporate Presentation September 2024

Lion One Metals Corporate Presentation September 2024

2. Forward Looking Statements

DISCLAIMER
The information provided inthe presentation nt tended to be comprehensive review of
al matters ond developments concerning the Company and should be 1000 in corjuncion
‘wth al other disclosure documents ofthe Company The Information contained herein nota
‘substitute for detored investigation or 00096 No secures commission or regutory
‘uthonty has reviewed the cccuracy or edequacy ofthe Information presented,

FORWARD-LOOKING STATEMENTS

This presentation contains statements 000 Information thot constitute forwors-ooking
Information within the maoring of Conadion secures legislation, refered 10 herein os
eorciookng statements, 00400 statements regarding proposed exploration and
‘Sovolopmnent cvles and thor timing, osourco extinatos exploration potential end tro PEA,
eu estímotes of copte! ond sustoning costs, onePatsd internal rate of return mine
reduction estioted recoveries. mine lf, estinoted payback 00400 ond net present value,
Spportuntie to anhance the 0000 of the Tuvatu Cal Projet rd her plana and cojines
Fine Company In making the forwaré-colingstotements nern, the Compony nos oped
‘Several mater ossumption, peang that () required opprovcls permis ond finance wi
be cbtored (2) the proposed exploration 000 development ol the Company properties wil
reseed as plonned ond thot 00100 resus wil be consatent monogements engactatora(s)
Sith ospoct to mineral resource ostímoros the Koy oseumyions and porometere on when
Such estimotes ore bared: (9 market fundomentos wil 10906 In sustained metal 000
‘minerals prices ond (5) with respect to he PEA the ossumplors underlying the PEA thatthe
Proposed mins plan ond recoveries wil be cchieved that capital costs cnd au

Vale 05 estimated ond thet no unforeseen ocpxient fire. ground nstanliy,
Ssrupton equipment iciure metsiugica, envirormentol or ther ever that cou
Inerease the cost of development wil Seca

TER ovas rurs next mon enoE coco wwe

Forwordiooking statements ore subject 10 0 variety of known ond unknown rs,
wcertonea ond other factors which cod cause cet event or acts to dar rom
{hose expressed or impled by Ihe forword-ooking statements, Cuding delays or
irobly 10 05100 tequied goverment oF other tequstory 00000405. 009 cr
financing tho risk of unexpected voritions In mineral respurces grado or recovery

lore of plont. equiementor processes to cpercle as ont pate of accents abot
depudes ond unantepeted 00046 in completing exploration and development
‘etnies, the rsk that estimated costs wil be higher than anticipated and the 196 that
the proposed mina pon crd recoveries wil ot be 00110400. bod wecther exploration
‘ond development risks, actual resus of excleration cndjor development activities baing
‘moteraly Mierect rom those expectes by management uncertantes 0000 to
Interpretation of GrH reaute end geological ests lolo to moet expenditure and
roncng requirements, ttle mater, thed porty comente, opercung Parcrós, metal
prices. police! ond economia factor, sompeltwe lector 009 general economic
(Conditions Aetual results may von Irom oss mpled or projected 5y formara og
Stementscnd therefore nveetore should not place undus rence on auch statements
‘Tha forword ooking statemants herein are marie ae atthe date of ths presentation and
the Company expressly soma ony Wienton or chaton to update or avisa any
orwerd pokng statements except ae required by oppicable secuftee legion

TECHNICAL DISCLOSURE

The technicl information in this presenti
MAG. à Qualied Person as defined 5y Not
Disclosure for Mineral Projects

hos been opprovec by Men Lev
Inatramenı NF 23101 Standards of

LION ONE METALS | TSXV:LIO | OTCOX: LOMLF

Se] HON ONE

8. Production Ramp-up

Tuvatu Monthly Gold Production

1000

M Plant commissioning complete, January 2024

1710 02 recovered — +
ii in June

100 © Increased mill throughput, March 2024

1200

1636 02 poured y Start of mechanized production, May 2024

en in June

Gold (02)

eo

400

200

Ag2 ep29 Oet29 Ner23 Dec23 Jonze Fob24 Mr24 Ar24 Ney24 Wun 2 AH24 624

Gold Recovered (ox) —+—Gola Poured oz)

June Gold sale

nn manco N LION ONE

12. Underground Mining

MINING UNDERWAY IN ZONE 2 AND ZONE 5

% High-grade narrow vein gold

“ Flexible use of airleg mining and long hole
open stoping to minimize dilution

& Adaptable to a range of mining conditions

“ Long hole production started May 2024

Gold Grades in g/t

13. Stockwork Veihing

Stockwork Veining
ADDITIONAL HIGH-GRADE MINERALIZATION

# Network of gold-bearing veinlets in a halo
around the main lode

© Veinlets in multiple orientations, often
parallel or sub-parallel to drill axis

# Under-represented in infill drilling

© Increased tonnage and width of mining —
suitable for mechanized mining

LION ONE METALS | TSXV:LIO | OTCOX: LOMLF

TUVATU: FUI'S NEXT HIGH GRADE GOLD MINE

Main, Lodge

FT

Y LION ONE

14. 17
Navilawa Caldera
Schematic Cross-section
Southwest Northeast
Navilawa Caldera

15. 1876650

1876750

T
o

Vis Striking Zone
48.45 g/t over 0.7 m (cH3851) 一 一 一

66.83 g/t over 0.7 m (cH3850)

3922100

15:18 g/t over 1.1 m (cH3849)
e a a
{4.24 g/t over 0.4 m (creee)

3922050

17.04 g/t over 0.6 m (cH3853)
= e LL

10.30 g/t over 0.9 m (cH3852)

NW-SE Striking Zone

le] 17/11

3922100

Lumuni Discovery

# Newly discovered lode system

Sample Results
Braun)

a y 1 km north of Tuvatu

(3922000

1876650 1876700

1876750

[2] M Traceable on surface for >150 m
# Very high-grade channel samples
§ Discovered from surface mapping
in under-explored area
18

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Se] HON ONE

16. Wailoaloa Discovery

# New alkalic copper-gold Xa
porphyry discovery ~ ㆍ ~ ^

210.8mato.13% Cu

1 km northeast of
Tuvatu

Le

ん es2maon7wcu

E

Strong surface copper
anomaly

ペー 147.4mat0.15% Cu

Drilled four test holes in
2023, the first hole hit
163.2 m of 017% copper

Le

127.81 0.129 Cu ———\

May have intersected the
periphery of a large porphyry —
significant potential for discovery

Potassic alteration and
veining intensity aM
increasing with depth

=

000 coronene yorcocions LION ONE

ALS

17. Tuvatu
Banana Creek
Lumuni
Wailoaloa
Batiri Creek
Kingston

18. Tuvatu is associated with a 50-100 ppb anomaly. South extension anomaly is >100 ppb.

21. ǀ ǀ