Lion Selection Group Ltd. · ASX:LSX

Lion Selection — Investor Presentation (November 2018)

19 slides from Lion Selection's investor presentation, Nov 9, 2018

  1. Slide 1: Lion Selection Group – Mining Investment Company

    LION SELECTION GROUP For personal use only Mining Investment Company November 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 – Building Emerging Miners

    Mining Investment Company BUILDING EMERGING MINERS For personal use only NTA October 2018 % held A$ million cps  Lion Selection Group: listed mining Pani JV 33.3 39.3 26.2 investment company, founded 1997 • Fair value for Pani based on Merdeka’s acquisition of 66.7% interest in the Pani JV from Lio

  4. Slide 4: Lion Performance

    For personal use only Lion Performance • All historic cycles have exhibited similar characteristic evolutions • Driven by liquidity and sentiment • Equity prices react, but a poor indicator ASX : LSX | 4

  5. Slide 5: Pani – World Class Gold Opportunity

    Pani World Class Gold Opportunity For personal use only Indonesia:  World class gold jurisdiction Pani Gold Project:  Thick, low strip and leachable  Multi-million ounce project  Resource is open, hallmarks of a large system  First class Indonesian development partner The Pani JV is owned 33.3%

  6. Slide 6: 1. Thick, low strip, leachable

    For personal use only 1. Thick, low strip, leachable 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 | 6

  7. Slide 7: 2. Multi-million ounces

    2. Multi-million ounces Mineral Resource Estimate: For personal use only J Resources MRE on adjacent Contract of Work 2.37Moz @ 0.82g/t gold1 @ 31 Dec 2017 66.6 Mt @ 0.96 g/t Au for 2.06 Moz Au2  Outcrops, deeply oxidised (cut-off grade 0.4 g/t Au) Ore Grade Au Category (Mt) (g/t Au) (million oz) M

  8. Slide 8: 3. Open and prospective...

    3. Open and prospective... For personal use only SECTION N 62000 Looking North (window 50 m) Open West Base of oxidation ASX : LSX | 8

  9. Slide 9: ...Open and prospective

    ...Open and prospective For personal use only Open South Base of oxidation ? ASX : LSX | 9

  10. Slide 10: 4. Partner of choice

    4. Partner of choice Pani Joint Venture Pani Permitting For personal use only  33.3% Lion Selection Group  Merdeka: strong history of Indonesian mining project  66.6% Merdeka permitting success Leading Indonesian gold mining company: owner and operator of the Tujuh Bukit Heap Leach Gold Mine, wit

  11. Slide 11: Metallurgical testwork

    Metallurgical testwork For personal use only Pani column leach test, ½ inch crush size Pani A Oxidised Pani B Partly Oxidised Pani C Unoxidised ASX : LSX | 11

  12. Slide 12: Pani: de-risking underway

    Pani: de-risking underway Ownership: For personal use only Partner 2015 Ownership dispute resolved 2017 Merdeka becomes partner 2018 Technical Extensive drill hole database: 137 diamond drill holes for 26,017m Initial metallurgical test-work: leaches rapidly, recovers high 90% of metal at ½ inc

  13. Slide 13: Pani Project – View East

    For personal use only Pani Project – View East ASX : LSX | 13

  14. Slide 14: Pani Gold Project

    For personal use only Pani Gold Project (UNDER APPLICATION) (UNDER APPLICATION) ASX : LSX | 14

  15. Slide 15: Nusantara (Indonesia, gold)

    Nusantara (Indonesia, gold)  October 2018 DFS3: 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  Upside:  Infill of higher grade zones  Extension and regional targets ASX : LSX | 15

  16. Slide 16: Roxgold (Burkina Faso, gold)

    For personal use only Roxgold (Burkina Faso, gold)  High grade gold underground mine  2017 production: 127K Au oz @ 15.6g/t  Cash Operating Cost – $438/oz  All-in Sustaining Cost – $740/oz  Second mine in development  Exploration ramping up ASX : LSX | 16

  17. Slide 17: EganStreet Resources (WA, gold)

    EganStreet Resources (WA, gold)  High grade gold mine For personal use only  Resource: 401koz @ 8.8g/t Au (Indicated 820kt @ 9.3g/t Au and Inferred 600kt @ 8.0g/t Au)6  DFS:6 low all-in cost (AISC A$1,083/oz), low capital (A$36m), payback 1.5 years  Pre-tax NPV5% of A$80m  Ore mined of 2.1Mt at

  18. Slide 18: Erdene Resource Devt Corp (Mongolia, gold)

    For personal use only Erdene Resource Devt Corp (Mongolia, gold)  High grade gold discovery  Resource: • 886 Koz AuEq @ 2.7 g/t AuEq, Measured and Indicated; and • 382 Koz AuEq @ 2.3 g/t AuEq, Inferred9  Thick, stacked ore zones at / close to surface – low strip, minimal overburden  Mongolia – p

  19. Slide 19: Notes

    For personal use only Notes  1. Refer to One Asia Resources Limited news release 3 December 2014,  6. Refer to EganStreet Resources announcement “Rothsay Resource Jumps (https://www.lionselection.com.au/wp- 31% to 401,000 Ounces” dated 14 May 2018 content/uploads/2018/08/PANI%20JORC%20RESOURCE.pdf

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