Why did Lion Selection Group (ASX:LSX) invest in Arika Resources (ASX:ARI)?

Lion Selection Group (ASX:LSX) committed capital to Arika Resources (ASX:ARI) to acquire an equity stake and support early-stage gold exploration. The investment forms part of a strategy to target growth opportunities in junior mining assets.

What are the financial details of the investment by Lion Selection Group (ASX:LSX) in Arika Resources (ASX:ARI)?

Lion Selection Group (ASX:LSX) committed $2 million as part of a broader $6.5 million placement by Arika Resources (ASX:ARI). The placement was priced at 1.9 cents per share, securing Lion Selection Group (ASX:LSX) an approximate 6.7% stake in Arika Resources (ASX:ARI).

How did the share price of Lion Selection Group (ASX:LSX) react to the Arika Resources (ASX:ARI) announcement?

Following the deal announcement, the share price of Lion Selection Group (ASX:LSX) remained unchanged at $0.85. The transaction secures the company's new equity holding in Arika Resources (ASX:ARI) without causing immediate share price movement.

What is the project timeline for the funds raised by Arika Resources (ASX:ARI) from Lion Selection Group (ASX:LSX)?

Arika Resources (ASX:ARI) stated that the raised capital will immediately fund its largest ever drill campaign across its primary projects. The company expects near-term technical developments and exploration news flow following this funding injection from Lion Selection Group (ASX:LSX).

What geographic assets are targeted in the agreement between Lion Selection Group (ASX:LSX) and Arika Resources (ASX:ARI)?

The investment targets two primary gold exploration projects, Kookynie and Yundamindra, located in the Leonora-Laverton region of Western Australia. Arika Resources (ASX:ARI) stated that these assets feature extensive historic gold workings with underexplored modern potential.

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Lion Selection Group invests $2M in Arika Resources

Written by Heidi Cuthbert Published Jul 27, 2026, 3:42 AM

· Lion Selection Group (ASX:LSX) committed $6.5 million to capital raising by Arika Resources (ASX:ARI).

· The transaction secures a 6.7% stake for the company while its share price remained unchanged at $0.85.

· The capital will fund an expanded drilling programme across gold exploration assets in Western Australia.

Lion Selection Group (ASX:LSX) has committed $2 million to acquire a 6.7% stake in Arika Resources (ASX:ARI).

The investment forms part of a broader $6.5 million placement undertaken by Arika to accelerate gold exploration.

“Arika has two highly coveted exploration projects in the heart of one of Western Australia’s gold producing districts,” said Lion Selection Group Managing Director Hedley Widdup.

Arika stated that the placement was priced at 1.9 cents per share to fund drilling at its Kookynie and Yundamindra projects.

Following the announcement, the Lion Selection Group share price was unchanged at $0.85.

Lion Selection Group is a Melbourne-based investment company specialising in junior mining and resource growth projects.

The company maintains a portfolio focused on early-stage mining assets to secure long-term equity growth.

Lion Selection Group invests $2M in Arika Resources

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