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TICKERS: LIO; LOMLF

Construction of Metals Company's Fiji Laboratory Nearly Complete
News Update

Source:

The new facility will service the explorer and developer's nearby gold project.

Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release that construction of the laboratory at its Fiji headquarters is nearly finished.

Installation of a fume collection system is in progress. Once it is completed, likely in Q2/19, the company will start commissioning the facility. Lion One plans to have it internationally certified for commercial operations, which will make it the only such entity on Fiji.

At the new laboratory, technologists will be able to analyze gold "by fire assay with atomic absorption spectrometry finish" and other elements using "inductively coupled plasma optical emission spectrometry," the release noted. Other capabilities will include "metallurgical optimization test work including flotation and leaching."

Once Lion One can carry out its own geochemical and metallurgical testing at its lab, the turnaround time for results will drop to 2448 hours from the current four to six weeks, as samples no longer will have to be sent out of the country for analysis. Additionally, Lion One will save on various related costs, like those for customs clearance, freight, transport and analysis.

Ultimately, these benefits "will greatly enhance planning and direction of future exploration, mine planning and metallurgical work at the Tuvatu gold project," Managing Director Stephen Mann said in the release.

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