Transcript
Fiji’s Gold Fields
5
Leadership
8
CAPITAL STRUCTURE
Common Shares:
Warrants:
Options:
Fully Diluted:
PREVIOUS PRIVATE PLACEMENTS:
101,722,044
41,536,436
6,525,000
149,783,480
$1.35 Warrants Expire March 16, 2018
Accelerated Expiry to 30 Days
Closing Price over $1.75 for 20 Days
2016: C$38.2 million @ C$0.92
2011: C$14.2 million @ C$1.55
2011: C$11.5 million @ C$1.00
Institutional Ownership: 37%
Management 21%
Current Price: C$0.90
Current Market Cap: C$90M
POISED FOR GROWTH
20 YEARS IN THE MAKING Tuvatu developed by Emperor Gold Mines 1997-2000 during Ivanhoe era;
Feasibility study completed on Tuvatu in 2000;
Over 80,000 meters drilled, underground development, trial mining;
Replacement value of sunk costs over $50 million
10 YEARS IN THE PLANNING 2007-2008 Red Lion acquired Emperor Gold Mines (Vatukoula)
2009 Emperor sold; Tuvatu acquired by Lion One Limited (Fiji)
2011 Lion One Metals public offering TSX-V January 2011
6 YEARS OF EXECUTION Coming to Market in 2016 Fully Permitted & Well Funded
Significantly De-risked & Development Ready
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AUGUST: ANSTEEL – CAPITAL ASIA EPC
A Global Fortune 500 Corporation in 2015
MOU for Construction of Tuvatu Gold Project
Includes Vendor Financing for 80% of Capex
SEPTEMBER: $38.2 MILLION PRIVATE PLACEMENT
Donald Smith & Co.(USA)14%
Franklin Gold & Precious Metals Fund (USA) 9.9%
JP Morgan Gold Fund (UK) 5.88%
MacKenzie Financial (Canada) 2.8%
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Recap
FULL PERMITTED & DEVELOPMENT READY
Building a solid revenue generator in a mining friendly jurisdiction with the
ability to internally fund aggressive resource expansion and exploration in
Fiji’s emerging Tuvatu goldfield
SCARSDALE EQUITIES – JUNE 2016
We are initiating research coverage of Lion One with a Buy rating and
price target of C$1.40 per share
RECAP
WALTER H. BERUKOFF – PROVEN COMPANY BUILDER
Credited with selling three mining startups he founded to major mining
companies for $3 Billion in aggregate value.
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