Lionsgold Ltd.
LION:LN
Overview
Company Profile
Lionsgold plc is a gold exploration company with assets in India and Finland complemented by a newly established gold and precious metals trading technology division, listed on the London Stock Exchange AIM Market (LON:LION)
Lionsgold has newly established a three-fold strategy:
Strengthen partnership with India’s leading gold exploration company, Geomysore;
Provide physical gold holding and trading Fintech platform for the India market; and
Jurisdictional diversification through gold exploration and mine development in Finland.
Lionsgold’s business model aims to see all three initiatives generate revenues within two years, alongside rapidly building capital growth through developing its assets. Two of the three divisions target revenues to commence within 12 months.
Revenues are expected from the first of our targets within the Finland JV portfolio through an inaugural bulk sampling campaign in Spring 2017, and our gold- focused Fintech (financial technology) JV is planned to see our online gold holding and trading platform for the India market also commence in 2017. Pending the outcome of the current economic feasibility study, Geomysore’s most advanced gold project in India is expected to commence mining in Q4 2018.
Classification
Financials
Corporate
Board of Directors
Cameron John Parry
Chief Executive Officer
Cameron Parry, aged 42, is an experienced company developer and executive director of quoted public companies in both the mining and fintech sectors. Cameron was the founder and inaugural CEO of AIM quoted Metal Tiger PLC (LSE: MTR) from 2014 to 2016, and as executive chairman and co-founder, completed in 2015 the world\'s first IPO of a blockchain fintech company, Coinsilium Group Limited (NEX: COIN). Cameron was appointed to the board of Lionsgold (formerly called Kolar Gold Limited) as CEO in July 2016.
Dr. M. Hanuma Prasad
Non-Executive Director
Hanuma Prasad, aged 51, holds a doctorate in geology and has over 22 years’ experience in geological survey and exploration within the mining industry. He worked with the Geological Survey of India for eight years in geological mapping and mineral exploration projects and has worked as a geologist across multiple territories around the world, including the Archaean greenstone belt in Eastern Finland near Lionsgold’s Finland Gold JV. Hanuma is currently CEO of Australian Indian Resources Ltd (“AIR”), the multi-metals group that established Geomysore Services (India) Private Limited (“Geomysore”) – a leading India exploration company of which Lionsgold and AIR are significant shareholders. He has been working with Geomysore since 2001, as exploration manager for 13 years, and currently as technical and strategy advisor. Hanuma joined the Lionsgold board in November 2016.
David Price
Non-Executive Chairman
David Price, aged 52, is an experienced public listed company director and technical operator in the global mining industry. David is a qualified geologist with over 30 years\' experience and has led companies from grass roots exploration through to mine construction financing. He has relevant porphyry, epithermal, vein-hosted and intrusion related experience working in Australia, Papua New Guinea, China, Fiji and the Philippines. Past appointments include CEO of ASX-listed companies Convergent Minerals Limited and Golden Tiger Mining NL, and Managing Director of Millennium Mining (Fiji) Limited. He has also recently been appointed Chief Executive Officer of AIM quoted Papua Mining plc. He is a Fellow of the Australasian Institute of Mining and Metallurgy.