Lion Selection Group Limited.
LSX.ASXMarket Data
$0.865
+0.1%$114.6M
2.3x
$0.377
0.00%
-0.1%
Latest Earnings
Quarterly Report for 3 months ended 30 April 2026
21 May 2026
Lion Selection Group reported strong portfolio performance with net tangible asset (NTA) backing of 98.4 cents per share (post-tax) as of 30 April 2026, underpinned by its $104.1M valued Australian resources investments (93% return on $53.9M deployed since January 2022). The company made two follow-on investments totaling $4.6M in Sunshine Metals and Plutonic while divesting Great Boulder at a 100% gain, maintaining $38.2M in net cash to capitalize on weakened micro-cap resource valuations. Despite equity market volatility from Middle East conflict, Lion maintains conviction in the mining boom thesis, with five key developers positioned to reach production in 2026-2027 and strong exposure to gold benefiting from elevated prices. Key points: Portfolio performance of +93% ($104.1M value on $53.9M invested) since January 2022 reset, demonstrating strong stock selection in micro-cap resources; Net tangible asset backing of 98.4 cents per share (post-tax) with $38.2M net cash providing strategic flexibility to pursue follow-on investments and new opportunities during market weakness; Three developers approaching production (Brightstar Resources, Medallion Metals, Sunshine Metals) expected to deliver first production in early 2027, with five key holdings accounting for $89.2M of portfolio value (+118% return)
Recent Announcements
Quarterly Report for 3 months ended 30 April 2026
Lion Selection Group reported strong portfolio performance with net tangible asset (NTA) backing of 98.4 cents per share (post-tax) as of 30 April 2026, underpinned by its $104.1M valued Australian resources investments (93% return on $53.9M deployed since January 2022). The company made two follow-on investments totaling $4.6M in Sunshine Metals and Plutonic while divesting Great Boulder at a 100% gain, maintaining $38.2M in net cash to capitalize on weakened micro-cap resource valuations. Despite equity market volatility from Middle East conflict, Lion maintains conviction in the mining boom thesis, with five key developers positioned to reach production in 2026-2027 and strong exposure to gold benefiting from elevated prices. Key points: Portfolio performance of +93% ($104.1M value on $53.9M invested) since January 2022 reset, demonstrating strong stock selection in micro-cap resources; Net tangible asset backing of 98.4 cents per share (post-tax) with $38.2M net cash providing strategic flexibility to pursue follow-on investments and new opportunities during market weakness; Three developers approaching production (Brightstar Resources, Medallion Metals, Sunshine Metals) expected to deliver first production in early 2027, with five key holdings accounting for $89.2M of portfolio value (+118% return)
Quarterly Report for 3 months ended 31 January 2026
Lion Selection Group, a micro-cap mining investment company, reported strong performance with its Australian portfolio growing to $116.3M value from $48.9M invested, delivering a 138% return since January 2022. The company is well-positioned with $39.2M net cash and NTA of 110.2 cents per share, benefiting from the mining boom that began in 2025 with gold prices rising over A$1,000/oz to A$7,000/oz. Key points: Australian investment portfolio delivered 138% return since January 2022 ($48.9M invested now worth $116.3M); Strong cash position of $39.2M provides flexibility for new investments and follow-on positions; Gold prices increased over A$1,000/oz to A$7,000/oz, benefiting gold-leveraged portfolio
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