Lion Selection Group (ASX:LSX) said its investments created a value of AU$96.1 million, including the value of portfolio holdings as well as realized gains, as of Oct. 31, providing an investment return to date of 122%, according to a Tuesday Australian bourse filing.
Its portfolio remains predominantly gold-oriented, per the filing.
During the quarter ended Oct. 31, it invested AU$500,000 in Peregrine (ASX:PGD) as part of a AU$3 million placement at AU$0.22 per share, and AU$750,000 in Caspin Resources (ASX:CPN) as part of a AU$4.5 million placement at AU$0.075 per share, as iron ore and tin growth options, respectively.
It also invested AU$1 million in Sunshine Metals (ASX:SHN) during the period as part of a AU$5 million placement at AU$0.012 per share. Its stake in Sunshine now comes in at 9.2%.
It divested its shareholding in Erdene Resource Development in August for total consideration of AU$12.3 million, and it paid a fully franked special dividend of AU$0.02 per share upon the exit.