Lion Selection Group Announces Robust NTA and Strong Cash Reserves as of June 2026

Comprehensive NTA Backing Details Released

Lion Selection Group revealed its net tangible asset backing per share as of 30 June 2026, recording 97.6 cents before tax and 94.4 cents after tax. The after-tax figure includes a provision for deferred tax on unrealised gains within the investment portfolio, mandated by current accounting standards despite the company's long-term holding strategy that does not anticipate selling the entire portfolio.

This disclosure enhances transparency regarding the company’s financial condition and strategic outlook, vital for maintaining investor confidence. The immediate effect on the share price remains unclear based on publicly available information.

Strong Cash Position Supports Investment Strategy

As of 30 June 2026, Lion Selection Group held a net cash position of $37.4 million, highlighting its capacity to fund future investments and preserve financial agility. The company is well-positioned to leverage quality deal flow, especially within the micro-cap resources sector.

Lion’s investment approach targets undervalued micro-cap resources companies, often overlooked due to the mining cycle or investor sentiment. This contrarian strategy aims to minimize downside risk while optimizing returns.

Portfolio Size and Performance Highlights

The investment portfolio was valued at $135.2 million as of 30 June 2026, encompassing both legacy and new investments, with a strong focus on Australian projects. Since resetting its strategy in January 2022, Lion has achieved a 77% increase in portfolio value, rising from $55.6 million to $98.6 million.

This growth reflects the effectiveness of Lion’s strategic shift towards Australian-centric investments and its ability to deliver returns in a competitive market.

Ongoing Commitment to Sustainable Dividends

Lion Selection Group has a longstanding record of dividend payments, distributing over 343 cents per share throughout more than 28 years of operation. The company intends to maintain sustainable dividend payments from surplus investment proceeds, balancing this with capital growth and prevailing market conditions.

This dividend policy is likely to appeal to investors seeking reliable income streams within the resources sector.

Long-Term Investment Horizon and Research Expertise

The company typically adopts a 3-5 year investment horizon, enabling a long-term perspective on its holdings. This aligns with its strategy to invest in undervalued micro-cap resources companies that stand to benefit from risk reduction and progression in the mining cycle.

Lion’s dedicated full-time mining investment team conducts internal research, supporting well-informed investment decisions and enhancing the identification of promising opportunities.

Focus on Low-Risk Australian Jurisdiction

Lion Selection Group concentrates its investments within Australia, a jurisdiction considered low risk. This focus reduces geopolitical exposure and aligns with the company’s strategy to pursue stable, high-potential investments.

This geographic concentration may attract investors seeking resource sector exposure with mitigated international risks.

Balance of Legacy and New Investments

The portfolio comprises legacy investments valued at $11.5 million and new Australian-focused investments totaling $90.9 million made since January 2022.

This diversification allows Lion to leverage historical holdings while capitalizing on emerging opportunities in the evolving resources market.

Market Capitalisation and Share Details

As of 30 June 2026, Lion Selection Group’s market capitalisation was $114.6 million, with a share price of 80.0 cents. The company has 143,245,975 shares on issue and 1,110,800 unvested performance rights.

These figures offer insight into the company’s market standing and growth potential as it continues to implement its investment strategy.