This may help
Concentration for them is getting the mine up and running rather than doing a PFS.
Starting off at 300t a day expecting to start in the 4th quarter this year and then expanding to 500t a day in 2025.
I'm certainly no expert in this but from what I can tell due to the thin veining, it is too difficult to get an accurate figure for resource hence why they are doing the starter mine.
The thing that got me interested in LLO initially, was everywhere they hit the grade was and still is huge. This will be a very low cost high grade operation, that I believe, going by WB’s past history, will eventually be sold off to the big boys as he has done before.
GLTAH
DYOR
Ann: Lion One Announces Closing of $27m Bought Deal, page-9
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