Lion one releases financial results for quarter ended september 30, announces usd $4 million tranche 3 draw down on nebari financing facility

North vancouver, british columbia--(newsfile corp. - december 2, 2024) - lion one metals limited (tsxv: lio) (otcqx: lomlf) (asx: llo) ("lion one" or the "company") is pleased to release the company's financial results for q1 fy 2025, and announces that the company has entered into an agreement to amend certain terms and draw down a further usd $4,000,000 ("tranche 3") of its senior secured financing facility (the "financing facility") provided by nebari. financial highlights q1-fy25 during the three-month period ended september 30, 2024, the company achieved the following: mine operating income of cad$1,529,978 record revenue of cad$10,468,452 3,129 ounces (oz) of gold sold, and 1,093 oz of silver sold average realized gold selling price of cad$3,332 per oz cost of sales per gold oz of cad$2,843 (net of silver revenue) mine operations highlights q1-fy25 during the three-month period ended september 30, 2024, the company achieved the following mining physicals: total 54,829 tonnes mined 21,852 tonnes of waste mined 32,977 tonnes of mineralized material mined at average grade of approximately 4.83 au g/t total capital development of 283 meters total operating development of 666 meters decline advancement of 163 meters and vertical development of 155 meters mine production during the quarter was impacted by mine equipment availability in july and august as two underground loaders and a single boom jumbo were out of service for repairs.
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