Gold

Gold Firm to Construct Photo voltaic-Diesel Energy Plant for Fiji Mission

The explorer / developer has chosen a clear answer to satisfy the power wants of his mine and plant.

Lion One Metals Ltd. (LIO: TSX.V; LOMLF: OTCQX) has partnered with meeco to construct and set up a photo voltaic / diesel hybrid energy plant for its Tuvatu gold challenge in Fiji, introduced in a press launch.

The renewable power supplier primarily based in Switzerland will construct the ability on four.1 hectares of land out there about three.5 km from Tuvatu.

Meeco's sun2live system is predicted to generate a peak energy of seven megawatts. This power, together with the 11 megawatts of peaks that Lion One will generate from diesel turbines, will present 24-hour steady energy for the Tuvatu gold mine and processing plant.

Annually, the photo voltaic power system is predicted to generate about 10.31 gigawatt hours of power, thus eliminating 6,000 tons of potential carbon dioxide emissions.

"This hybrid system is not going to solely scale back our carbon footprint, however may even permit Lion One to satisfy our power wants whereas considerably lowering the gasoline consumption and working prices of the Tuvatu Gold Mission", mentioned Lion One's chief government, Stephen Mann, within the launch. .

Concerning the partnership settlement, Lion One shall be "the 50% shareholder of a particular challenge automobile by way of an agreed buy-in construction," the assertion mentioned.

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