Lion One Metals is in the business of mineral exploration and development and is focused on the acquisition, exploration and development of mineral resources in Fiji, Australia and Argentina. Co. is in the process of exploring and evaluating its resource properties and has not yet determined whether the properties contain mineral reserves that are economically recoverable. The recoverability of the amounts shown for exploration and evaluation assets are dependent upon the existence of economically recoverable reserves, the ability of Co. to obtain necessary financing to complete the development of those reserves and upon future profitable production.
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