Lionsgold Ltd (LON:LION) CEO Cameron Parry talks to DirectorsTalk about the announcement of the preliminary results for the Jonnagiri Gold Project feasibility study. Cameron explains why the plan is to proceed, how the 21% share will be funded, why given an NPV of $25m pre-tax and with the CAPEX at £39m drilling more resource out first is not the way forward and also why Cameron thinks now could be a good time for potentially for investors.
Lionsgold Ltd is a London Stock Exchange AIM market quoted, gold-focused exploration and fintech company, with gold assets in India and Finland and a majority shareholding in a physical gold and silver online account provider.
The company’s three core focuses are:
· Strategic partnership with leading India gold exploration and mine development company, Geomysore, in which Lionsgold has increased its holding to 21.15%;
· Majority ownership of a financial technology platform enabling people to hold physical gold through online accounts (www.indexgold.com); and
· Gold exploration and production in Finland.
