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Lion Selection Group Limited (ASX:LSX)

ALERT: Price-sensitive ASX Announcement for LSX
Current share price for LSX : $0.835 -0.05 (-5.65%)+
Announcement
Release
11 Sep 2025 2:14PM
Price at Release
$0.885
Full Release
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Summary
Lion Selection Group Limited (LSX) reported a significant financial turnaround for the year ending 31 July 2025, with a profit increase of 3,539% to $39.2 million, despite a 30% decline in revenue. This growth is attributed to strategic investments in the mining sector, particularly in gold resources, which have appreciated substantially in value. Key investments include increasing holdings in Saturn Metals, Brightstar Resources, and Antipa Minerals, contributing to a large mark-to-market gain. The company's strong balance sheet is highlighted by cash and term deposits totaling approximately A$39.5 million. Subsequent to the year-end, Lion successfully exited its shareholding in Erdene Resource Development Corp, enhancing its financial position. The company remains focused on strategic metals in Australia, with substantial investments aimed at capturing opportunities from the current market cycle.
Key Points
  • Profit increased by 3,539% to $39.2 million.
  • Revenue declined by 30% to $2.376 million.
  • Key investments in Saturn Metals, Brightstar Resources, and Antipa Minerals.
  • Cash and term deposits amounted to approximately A$39.5 million.
  • Successful sale of Erdene Resource Development Corp shares.
  • Focus on opportunities in precious metals, base metals, and strategic metals in Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.