AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Lion One Metals Limited (ASX:LLO) is into the metals and the mining industry and with its operations in the exploration of minerals. The company officially got listed on ASX on 7 June 2013 with its headquarters in Australia. It is focussed on advancing itâs fully-owned, high grade, low cost, underground Tuvatu Gold Project in Fiji.
On 5 February 2019, the company announced a partnership with Swiss-based clean energy provider the Meeco Group to build and install a hybrid solar-diesel power plant for the companyâs fully-owned and permitted Tuvatu Gold Project. As per the companyâs announcement, the company will be a shareholder of fifty per cent, of a Special Project Vehicle through an agreed buy-in structure.
The company will use the seven Mega Watt peak âsun2liveâ solar power generation system of Meeco coupled with diesel generators which will be able to generate up to eleven Mega Watt power production which is the peak, providing a continuous 24-hour source of power for the Tuvatu gold mine and processing plant of Meeco. The installation, however, will be built on 4.1 hectares of unused land, which is 3.5 km from the Tuvatu Gold project and seventeen kilometres from the Nadi International Airport.
 The estimated annual energy production for the new eco-friendly solar power system will be around 10.31 GigaWatt Hours, displacing more than 6,000 tonnes of carbon dioxide emissions per year.
The Managing Director of the company Stephen Mann said that it is exciting for the company to make a partnership with Meeco in order to build a clean solar energy solution for giving support to the Tuvatu Gold Project. He further told that the hybrid system will be useful for the company to meet its required power capacity.
The company in the recent past had announced that it is near to the completion of construction of the new Lion One geochemical assay and the laboratory. The lab is located at the company headquarters in Fiji which is near to the Nadi International Airport. The construction of the laboratory started in early 2018. The company, however, is planning to start the installation process in the second quarter of 2019 once the fume collection system will be completed. It has hired experienced laboratory manager and a team of technicians to operate the facility.
Now let us quickly have a glance at the stock performance of the Lion One Metals Limited and the return the company has posted over the last few months. The stock last traded at a price of $0.450, with a market capitalisation of $46.13 million. The stock has yielded a YTD return of 18.42% and posted negative returns of 2.17% and 10.0% over the last six months and three months period respectively. However, it has generated a return of 7.14% over the last month. It has a 52-week high price of $0.70 with an average trading volume of 8,747 approximately.
Disclaimer
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.
