Lion Selection Group Ltd. · ASX:LSX

Lion Selection — Investor Presentation (May 2019)

14 slides from Lion Selection's investor presentation, May 17, 2019

  1. Slide 1: Lion Selection Group: Focus on Pani Gold

    LION SELECTION GROUP For personal use only Focus on Pani/Gold May 2019

  2. Slide 2: Disclaimer

    Disclaimer • This presentation does not constitute investment advice. Neither this presentation nor the information contained in it For personal use only constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentat

  3. Slide 3: Lion Net Tangible Assets

    Lion Net Tangible Assets NTA April 2019 % held A$ million ¢ps For personal use only Pani JV 33.3 38.7 25.8 Gold • Fair value for Pani based on Merdeka’s acquisition of 66.7% interest in the Pani JV from Lion’s former JV partner in November 2018. Nusantara Resources 23.3 6.5 4.4 Gold LSX: EganStreet

  4. Slide 4: Multi Million Ounce Gold Projects

    For personal use only 2 Multi Million Ounce Gold Projects Pani 2.4moz1 (66.7% Merdeka, 33.3% Lion) Awak Mas 2.0moz4 (Nusantara 100%, Lion holds 23.3% NUS) ASX : LSX | 4

  5. Slide 5: Focus on Pani

    For personal use only Focus on Pani  2019: Drilling planned to 1 extend Resources 2 ASX : LSX | 5

  6. Slide 6: Pani Strategic Pathways

    Pani Strategic Pathways  Seek deal with J Resources on adjoining  Develop Pani IUP standalone if no For personal use only Contract of Work (CoW) tenement OR deal o World class gold deposit with immediate upside Pani IUP (Lion 33.3%/ Merdeka 66.7%) Pani CoW (J Resources 100%) 0.4g/t cut off2 0.2g/t

  7. Slide 7: Pani Superpit Concept - looking south

    For personal use only Pani Superpit Concept - looking south Approx 1.5 km IUP Boundary  Pit concept joins two separate Resources STEP OUT DRILLING Informal workings ASX : LSX | 7

  8. Slide 8: Pani "Superpit" Concept

    Pani “Superpit” Concept  Seek deal with J Resources on adjoining tenement For personal use only  Unite 2 x MRE’s for multi-million ounce project  Unlocks optimal development of Pani deposit, unrestricted by tenement boundaries o Favourable topography: low strip ratio, open pit operation amenable

  9. Slide 9: ...Open and prospective

    ...Open and prospective For personal use only ASX : LSX | 9

  10. Slide 10: Pani Standalone Conceptual Site Layout

    For personal use only Pani Standalone Conceptual Site Layout (UNDER APPLICATION) ASX : LSX | 10

  11. Slide 11: Pani – What is the Catalyst for the Next Value Step?

    For personal use only Pani – What is the Catalyst for the Next Value Step? November 2018 & Beyond A$m Pani With COW Step Change Production DFS Scoping 392 Merdeka 151 1 Lion acquisition May 2018 2 Merdeka transaction November 2018 ASX : LSX | 11

  12. Slide 12: Nusantara – Awak Mas Gold Project

    Nusantara – Awak Mas Gold Project  2.0 Moz gold resource4 For personal use only Awak Mas Gold Project 100% - Sulawesi, Indonesia  Low cost: power, strip ratio, labour, port  DFS US$146m capex, 11 years x 100koz pa AISC US$758/oz3  Exploration potential: o Mine extensions o Satellites o Regional

  13. Slide 13: Nusantara – Step Change May 2019

    Nusantara – Step Change May 2019  Working with Partner Indika to fund development of Awak Mas: For personal use only o Office relocation to Indika, Jakarta o Engagement with banks for project debt o Sale of project interest envisaged to fund NUS share of funding  Greg Foulis appointed Executive Ch

  14. Slide 14: Notes

    For personal use only Notes  1. Refer to One Asia Resources Limited news release 3 December 2014, (https://www.lionselection.com.au/wp- content/uploads/2018/08/PANI%20JORC%20RESOURCE.pdf).  2. J Resources Reserve and Resources Statement 31 December 2017. http://www.jresources.com/assets/uploads/ho

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