Lion Selection Group Ltd. · ASX:LSX

Lion Selection — Shareholder Meeting (December 2018)

18 slides from Lion Selection's shareholder meeting presentation, Dec 6, 2018

  1. Slide 1: Lion Selection Group Annual General Meeting December 2018

    LION SELECTION GROUP For personal use only Annual General Meeting December 2018

  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: Mining Investment Company

    Mining Investment Company PANI – value uplift in steps to development For personal use only NTA November 2018 % held A$ million cps  Lion Selection Group: listed mining Pani JV 33.3 38.7 25.8 investment company, founded 1997 • Fair value for Pani based on Merdeka’s acquisition of 66.7% interest in

  4. Slide 4: Pani gold project

    For personal use only Pani gold project ASX : LSX | 4

  5. Slide 5: Pani – value uplift steps

    For personal use only Pani – value uplift steps Ownership dispute resolved  December 2017  Pani Joint Venture interest acquired April 2018  Direct Ownership & JV representation August 2018  Merdeka acquisition November 2018 Next steps − Permitting and Licencing − Project expansion/ DFS ASX : LSX

  6. Slide 6: Pani Mineral Resource Estimate

    Pani Mineral Resource Estimate Plan View Mineral Resource Estimate: For personal use only 2.37Moz @ 0.82g/t gold1 MINERAL RESOURCE ESTIMATE * 89.5Mt @ 0.82 g/t Au for 2.37 Moz (cut-off grade 0.2 g/t Au)  Outcrops, deeply oxidised Ore Grade Au Category SECTION 62,200mN (Mt) (g/t Au) (million oz) Mea

  7. Slide 7: Pani looking south

    For personal use only Pani looking south 700m IUP Boundary Informal workings Not Drilled J Resources MRE on adjacent Contract of Work @ 31 Dec 2017 Informal workings 66.6 Mt @ 0.96 g/t Au for 2.06 Moz Au2 (cut-off grade 0.4 g/t Au) ASX : LSX | 7

  8. Slide 8: ...Open and prospective

    ...Open and prospective For personal use only ASX : LSX | 8

  9. Slide 9: ...Open and prospective

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

  10. Slide 10: Pani Gold Project – Conceptual Site Layout

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

  11. Slide 11: Pani World Class Scale?

    For personal use only Pani World Class Scale? Pani* *Combined Pani (J Resources/ Pani IUP) ASX : LSX | 11

  12. Slide 12: Nusantara (Indonesia, gold)

    Nusantara (Indonesia, gold)  DFS (October 2018)3: For personal use only  Long life, low cost gold mine  1.1 Moz Reserve4, 2.0 Moz Resource5  Upfront Capex US$146M, AISC US$758/oz  NPV5% US$152M Awak Mas  Next steps – Seek finance and Indonesian 2.0Moz partner ASX : LSX | 12

  13. Slide 13: Other investments

    For personal use only Other investments Roxgold Gold Toro EganStreet Erdene Tin Kasbah, Morocco – DFS complete July 2018: awaits funding Phosphate Celamin, Tunisia − Ownership dispute 2015 − Won international arbitration November 2017 ASX : LSX | 13 − Development awaits enforcement and partner

  14. Slide 14: Lion Clock

    For personal use only Lion Clock • All historic cycles have exhibited similar characteristic evolutions • Driven by liquidity and sentiment • Equity prices react, but a poor indicator ASX : LSX | 14

  15. Slide 15: Gold Mining Equities: A tale of two markets

    For personal use only Gold Mining Equities: A tale of two markets 2016 – Present ASX Gold Index Vs Van Eck Gold Miners 〉 Australian mines into ASX 〉 “local” ownership Collective cost discipline A$/share 〉 Recent Reserve additions – extended life 〉 Rest of the World GDX 〉 Still struggling with cost /

  16. Slide 16: Metals & Mining Companies

    Metals & Mining Companies Metals and Mining classified Jan 16 – Jan 18 Jan 18 – Sep 18 For personal use only companies Median % # companies +ve # companies - Median % # companies +ve # companies -ve performance ve performance performance performance ASX100 Resources +111% 11 0 +2% 8 3 Small Resource

  17. Slide 17: 1998-2008 vs 2016-present

    For personal use only 1998-2008 vs 2016-present 1998-2008 8 o’clock (May 2001) 8 o’clock Boom compared with boom: (Oct 2017) 〉 Equity performance in early phases is highly comparable (for large capitalisation miners) 〉 Industry activity comparable (major 2016-2018 (present boom so far) miners – sell

  18. Slide 18: 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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