Lion One Metals Limited (TSX-V: LIO) (ASX: LLO) (OTCQX: LOMLF) (FSE: LY1), a company that CM-Equity took public in 2010 as Global Coordinator announces the completion of an independent Preliminary Economic Assessment for the Company’s 100% owned and fully permitted Tuvatu Gold Project located on the island of Viti Levu in Fiji. The PEA Study was released at the Metals Investor Forum in Vancouver.
“The PEA for this project demonstrates robust economic potential for a fully permitted high-grade gold operation with low capital and operating costs, enabling rapid payback of capital even at current low gold prices,” stated Lion One CEO Walter Berukoff.
The PEA Highlights include a CAPEX of USD 48.6M, an after Tax-IRR of 52% and a 1.5 year payback period.
Please click here to download the press release including all PEA figures.