Lion Selection Group Ltd. · ASX:LSX
Lion Selection — Melbourne Mining Club Cutting Edge March 2021
20 slides from Lion Selection's conference presentation, Mar 16, 2021
Slide 1: Lion Selection Group – Melbourne Mining Club Cutting Edge: March 2021
For personal use only Lion Selection Group Melbourne Mining Club Cutting Edge: March 2021 www.lionselection.com.au
Slide 2: Disclaimer
This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation does not take into account any
Slide 3: Company Overview
Company Overview LSX - Listed mining investment company established in 1997 For personal use only Investing Significant investment in early stage mining companies Key Investments Pani & Nusantara: two multi million ounce high quality gold projects Target Return Aims to generate 5 times initial inves
Slide 4: Board & Management
Board & Management Strong Foundation For personal use only MANAGEMENT TEAM BOARD Barry Sullivan Peter Maloney Chris Melloy Robin Widdup Craig Smyth Hedley Widdup Tim Markwell Chairman Non-Executive Director Non-Executive Director Managing Director Executive Director Executive Director Executive Dire
Slide 5: Portfolio Performance
Portfolio Performance Strong Shareholder Returns For personal use only Value Returned Value Since Inception Dividends 97cps Offmarket Buyback 81cps Catalpa 155cps Current value of Lion 35.5cps share (vs NTA 60.5cps) Total 368cps Lion Selection was founded in 1997, raising A$100m at $1/share ASX:LSX
Slide 6: Current Investment Portfolio
Current Investment Portfolio For personal use only Name Commodity Cost Value Per Share Change Time Held Pani Joint Venture Gold $18.9M $61.6M 41.0c +225% 2.9yrs $53M Market Cap at $0.35/Share Nusantara Resources Gold $18.2M $13.0M 8.6c -29% 3.6yrs 19% Owned by Board & Management Erdene Resources Gol
Slide 7: Current Investment Portfolio: Pani
Current Investment Portfolio Pani Pani Joint Venture Location For personal use only Sulawesi, Indonesia NAME COMMODITY COST VALUE PER SHARE CHANGE TIME HELD Ownership Pani Joint Venture Gold $18.9M $61.6M 41.0c +225% 2.9yrs Lion 33% Merdeka 67% Investment case Unification of 2.30Moz2 + 2.37Moz3 Reso
Slide 8: Pani Joint Venture Catalyst Events
Current Investment Portfolio Catalyst Events Pani Joint Venture For personal use only Catalyst 3 Revaluation Events Definitive Feasibility Catalyst 1 Study Project Revaluation Economic JV Deal Study Investment Initiation Completion Catalyst 5 Revaluation Processing Plant & Gold Price Catalyst 4 Comm
Slide 9: Current Investment Portfolio: Awak Mas
Current Investment Portfolio Awak Mas Nusantara Resources Location For personal use only Sulawesi, Indonesia NAME COMMODITY COST VALUE PER SHARE CHANGE TIME HELD Ownership Nusantara Resources Gold $18.2M $13.0M 8.6c -29% 3.6yrs Lion 22% Indika 28% (& 25% JV) Investment case 2.28Moz Resource5 / 1.53M
Slide 10: Strategic Partners and Indonesia Location
Current Investment Portfolio Location Strategic Partners Indonesia For personal use only Excellent Gold Mining Jurisdiction Globally significant gold producer • Equal 11th largest producer • 4th largest gold Reserves • Access to ports, roads, grid power Multi-asset mid-tier (<US 10c/kwhr) Indonesian
Slide 11: Current Investment Portfolio: Bayan Khundii
Current Investment Portfolio Bayan Khundii Erdene Resources Project Location For personal use only Mongolia NAME COMMODITY COST VALUE PER SHARE CHANGE TIME HELD Ownership Lion 3.9% Erdene Resources Gold $2.3M $4.7M 3.1c +101% 8.2yrs Investment case Striker Midfield North Midfield Dark Horse NPV US$2
Slide 12: Liquidity for Miners
Liquidity for Miners Exceptionally Strong Fundraising by Mining Juniors: For personal use only ASX TSXV (source: Austex) (source: TMX Market Intelligence) Tally of 5B reporting companies Tally of all TSXV listed Miners 2020 A$5,267m 2020 C$4,109m TSXV miners: capitalization doubled in 2020, and rais
Slide 13: Gold Market: Coming or Going?
Gold Market Coming or Going ? For personal use only Gold Price (2001-2021) & Gold Bull Market Corrections Gold’s strongest fundamental -18.4% is real interest rates Bull market commenced prior -12.3% to COVID-19, when long term -16.7% -13.6% -12.6% QE / rates assumptions reversed -15.0% -12.5% -22.2
Slide 14: Lion Clock
Lion Clock Point in For personal use only Market Cycle ASX:LSX lionselection.com.au 14
Slide 15: Why Invest in Lion
Why Invest in Lion Demonstrated ability to deliver exceptional shareholder returns For personal use only 2x Multi- Pani JV: 2.30Moz + 2.37Moz Resources being combined Million Nusantara (22%): Awak Mas 2.35Moz Resource Ounce Gold Projects Re-valuation catalysts unlock project value Partnering with fi
Slide 16: Subscribe for Lion Announcements
For personal use only Subscribe for Lion Announcements http://www.lionselection.com.au/subscribe-to-announcements Website • Monthly NTA Update • Presentations • Video Updates Conferences & Shareholder Meetings • Gold & Financial Market Updates Level 2/175 Flinders Lane Melbourne VIC 3000 T +61 3 961
Slide 17: Appendix: References
Appendix References For personal use only 1. Distributions by Lion Selection (ASX:LSG, ASX:LST, NSX:LGP, ASX:LSX) 1997-present, includes dividends, cash returns, offmarket buyback and distribution of listed equities 2. Refer to J Resources 31 December 2018 Annual Report (http://www.jresources.com/ i
Slide 18: Pani: Mineral Resources
Appendix Pani: Mineral Resources For personal use only Pani IUP Contract of Work (Lion 33% / Merdeka 66.7%) (J Resources 100%) 0.2g/t cut off 3 0.4g/t cut off 2 Category Tonnage Grade Contained Gold Tonnage Grade Contained Gold (MT) (g/t Au) (Moz) (MT) (g/t Au) (Moz) Measured 10.8 1.13 0.39 15.5 1.0
Slide 19: Awak Mas: Mineral Resource and Ore Reserves
Appendix Awak Mas: Mineral Resource and Ore Reserves For personal use only Mineral Resource Estimate – March 2021 5 Ore Reserve Estimate – June 2020 6 0.5g/t cut off 0.5g/t cut off Deposit Category Tonnes(Mt) Au (g/t) Au (Moz) Deposit Classification Tonnes(Mt) Au (g/t) Au (Moz) Awak Mas Measured 2.2
Slide 20: Bayan Khundii: Mineral Resource and Ore Reserves
Appendix Bayan Khundii: Mineral Resource and Ore Reserves For personal use only Mineral Resource Estimate – October 2019 8 Ore Reserve Estimate – July 2020 8 0.55g/t cut off Category Tonnes(Mt) Au (g/t) Au (Moz) Classification Tonnes(Mt) Au (g/t) Au (Moz) Measured 1.4 3.77 0.171 Proved 1.2 4.2 0.166
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