LION SELECTION GROUP LIMITED. — Net Asset Value 2019

Apr 8, 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 March 2019 is $0.44 per share (after tax).

as at 31 March 2019 is $0.44 per share (after tax).
CommodityFebruary 2019A$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 ResourcesGold8.5RoxgoldGold5.4Egan Street ResourcesGold5.7Erdene ResourcesGold2.0Toro GoldGold1.6Other3.2Portfolio holdings measured at fair valueIncludes investments held directly by Lion and the value to Lion ofinvestments held by African Lion.Net Cash1.3	March 2019A$M¢ps38.725.87.95.34.42.95.43.61.91.21.61.13.12.12.31.5
Net Tangible AssetsA$66.4m	A$65.3m44¢ps

Capital Structure

Structure
Shares on Issue:	150,134,879
Share Price:	35.5¢ps	31 March 2019
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 www.lsg.com.au

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