Lion Selection Group Ltd. · ASX:LSX
Lion Selection — Investor Presentation (April 2024)
16 slides from Lion Selection's investor presentation, Apr 8, 2024
Slide 1: Lion Selection Group
For personal use only Lion Selection Group ASX : LSX April 2024 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: $66.6M cash to invest into a falling market
$66.6M cash to invest1 Into a falling market Brightstar Resources: Gold [ASX:BTR] Erdene: Gold / Mongolia For personal use only Development Ready [TSX:ERD] Atlantic Tin: Tin / Morocco Assembling a commodity [unlisted] diverse portfolio of pre- Plutonic Saturn Metals: Gold production Australian [ASX:
Slide 4: Opportunity: Lion's target asset class is down over 60%
Opportunity: Lion’s target asset class is down over 60% 1. Equity prices for micro-capitalisation Resources 2. Liquidity for the mining space has collapsed: very For personal use only companies have collapsed, and are still falling challenging conditions for micro-capitalisation Resources companies
Slide 5: Valuation: Sum of the parts
“The biggest risk for investors under these Valuation1 Sum of the parts circumstances is to be 31 Mar 2024 illiquid.” For personal use only Cash $66.6M 47.2cps Legacy Investments $10.5M 15.8cps New Investments2 $11.7M Tax -$0.5M Total Value $88.3M 62.6cps Market Capitalisation $59.3M 42.0cps “Period
Slide 6: Investment in Focus: Chasing hypergiant gold and copper deposits
Investment in Focus: For personal use only Chasing hypergiant gold and copper deposits Ultra-leveraged to discovery Lion 49% shareholder3 Never-before considered mineral systems over a large area: District scale discovery potential Gold and copper anomalism within altered rocks Unique point of diffe
Slide 7: Looking ahead 2024
2024 Looking ahead Lion will invest in equities and projects For personal use only Opportunity • Market has weakened severely Building Lion’s Portfolio of (low point in a long-term • Short term: equity prices weak whilst liquidity Mining Assets asset cycle) depressed • Long term: exceptionally healt
Slide 8: Board & Management
Board & Management Strong Foundation MANAGEMENT TEAM BOARD For personal use only Barry Sullivan Peter Maloney Chris Melloy Robin Widdup Craig Smyth Hedley Widdup Non-Executive Director Non-Executive Director Non-Executive Director Executive Chairman Executive Director Executive Director Barry is a m
Slide 9: Exceptional access to people
Exceptional access to people For personal use only Plutonic Limited Brightstar Resources Alto Metals Great Boulder Saturn Metals Sunshine Metals Koonenberry Gold ASX:LSX lionselection.com.au 9
Slide 10: Powerful contrarian play in a weakened market
LSX:ASX For personal use only Lion Selection Group | Key Asset Cash | Purchasing Power Multiplying Powerful contrarian play in a weakened market Subscribe for Lion Announcements http://www.lionselection.com.au Level 2/175 Flinders Lane Melbourne VIC 3000 T +61 3 9614 8008 E info@lsg.com.au
Slide 11: The Lion Story
Founded in 1997 by Robin Widdup, Lion Selection Group has built a track record as a The Lion Story successful investor in mining assets and interpreter of the cycles of mining. In a 26 year history, Lion has been an early shareholder and contributed to the success of a long list of successful mining
Slide 12: Appendices: Notes and References
Appendices For personal use only Notes and Lion Asset Selection Processes References 1. Refer to Lion Selection Group announcement to ASX on 5 April 2024 2. New investments are companies invested in by Lion for the first time after 1 January 2022. As at 31 March 2024, Lion had a commitment of $250,0
Slide 13: Commodities have differing risk profiles
Commodities have differing risk profiles Mineral commodities have differing “degrees of For personal use only Difficulty difficulty”, that result from: Diamonds Hard to find & Diamond mafia • Process risk (how challenging to separate Mineral Sands, Industrial Minerals, Technically complex from host
Slide 14: Opportunity: Commodities lead mining equities
Opportunity: Commodities lead mining equities Current trend is down For personal use only • Commodity price cyclicity is normal, expected and predicted 2011-2015: Chinese GDP growth 2022-20??: • Mining equities are strongly correlated to 2008-2009: moderation Global economic growth impinged by inter
Slide 15: Capital Deployment Philosophy
Highly • High deal flow (1,000’s per year) Capital Deployment selective • Detailed assessment of large watchlist Philosophy • Highly selective conversion to investment (7 new investments since sale of Indonesian assets) For personal use only 26 years of deployment Contrarian • Target investment towa
Slide 16: Proven Investing Process
Proven Investing Process 26 years of junior mining investing success For personal use only Lion invests across the capital structure, seeking to balance capital protection with attractive returns Access to deal flow Experienced investment team Lion target investments In-house technical assessment
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