LION SELECTION GROUP LIMITED. — Net Asset Value 2019

Sep 11, 2019

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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 31 August 2019 is $0.46 per share (after tax).

CommodityJuly 2019A$MPani Joint Venture (33.3% Interest)Gold38.7Fair value for Pani based on Merdeka’s acquisition of 66.7% interestin the Pani JV from Lion’s previous JV partner in November 2018.PortfolioNusantara ResourcesGold9.5Egan Street ResourcesGold7.3Erdene ResourcesGold2.4Other8.4Portfolio holdings measured at fair valueIncludes investments held directly by Lion and the value to Lion ofinvestments held by African Lion.Net Cash3.7	August 2019A$M¢ps38.725.810.06.76.04.02.51.73.12.09.26.1
Net Tangible AssetsA$70.0m	A$69.5m46¢ps
Capital StructureShares on Issue:150,134,879Share Price:43¢ps31 August 2019Options 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 www.lsg.com.au

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