LION SELECTION GROUP LIMITED. — Net Asset Value 2018

Jul 9, 2018

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ASX RELEASE: LSX

Net Tangible Asset Backing

Net Tangible Asset Backing

Lion Selection Group Limited (Lion) advises that the unaudited net tangible asset backing of Lion as at 30 June 2018 is $0.31 per share (after tax).

	Commodity	May 2018	June	2018
		A$M	A$M	¢ps
Pani Joint Venture (33.3% Interest)	Gold	16.6	16.6	11.1
Fair value for Pani reflecting the consideration paid by Lion to acquire
33.3% interest from One Asia Resources in May 2018 and further
funding advanced to Pani JV
Portfolio
Nusantara Resources	Gold	7.0	7.5	5.0
Roxgold	Gold	7.4	6.9	4.6
Egan Street Resources	Gold	5.4	4.8	3.2
Erdene Resources	Gold	2.9	3.3	2.2
Toro Gold	Gold	1.5	1.5	1.0
Other		3.7	3.7	2.5
Portfolio holdings measured at fair value
Includes investments held directly by Lion and the value to Lion of
investments held by African Lion.
Net Cash		3.4	2.0	1.3
Net Tangible Assets		A$48.7m	A$46.3m	31¢ps

Capital Structure

Shares on Issue:	150,134,879
Share Price:	30¢ps	30 June 2018
Options on Issue:	15,720,958	$0.50 expiry 12 April 2020

Lion Selection Group Limited ABN 26 077 729 572 Level 2, 175 Flinders Lane, Melbourne Vic 3000 T: +61 3 9614 8008 F: +61 3 9614 8009 www.lsg.com.au

Further enquiries: Craig Smyth E: csmyth@lsg.com.au