Lcl Resources Limited · ASX:LCL
Lcl Resources — Los Cerros — Investor Presentation (May 2020)
19 slides from Lcl Resources's investor presentation, May 11, 2020
Slide 1: Updated Company Presentation Highlights
11 May 2020 ASX Announcement ASX: LCL Updated Company Presentation HIGHLIGHTS For personal use only Los Cerro’s updated presentation pack discusses updates and new developments: Maiden Chuscal drill program completed: results suggest extensive epithermal gold structures overprinting porphyry gol
Slide 2: Forward Looking Statements
11 May 2020 ASX Announcement ASX: LCL restrictions, including environmental regulation and liability and potential title disputes. Forward looking statements in this document are based on Los Cerros’ beliefs, opinions and estimates of Los Cerros as of the dates the forward-looking statements are mad
Slide 3: Hunting for World Class Gold Deposits
For personal use only HUNTING FOR WORLD CLASS GOLD DEPOSITS MAY 2020 MANAGING DIRECTOR - JASON STIRBINSKIS www.loscerros.com.au 1
Slide 4: Nature of This Document
in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly NATURE OF THIS DOCUMENT filed documents. Readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking informat
Slide 5: Focused on Discovery of Tier 1 Au/Cu Projects
FOCUSED ON DISCOVERY OF TIER 1 & 2 Au/Cu PROJECTS FOCUSED ON DISCOVERY • Dominant control in two gold districts of Mid Cauca Porphyry For personal use only belt: • Quinchia gold district (7,500Ha) incudes the advanced Miraflores Reserve, large Tesorito porphyry, Chuscal and Dosquebradas deposits and
Slide 6: Recent Developments
RECENT DEVELOPMENTS The Quinchia Gold Project has several JANUARY advanced deposits, including a Reserve at • Final Chuscal drill results confirms extensive 2020 Miraflores, all within ~3km radius only epithermal gold overprinting porphyry gold • Sale of Mollacas legacy asset for USD $1M FEBRUARY us
Slide 7: HK Ausino Partnership and 2020 Workplan
HK AUSINO PARTNERSHIP AND 2020 WORKPLAN1 Hongkong Ausino Exploration Partnership Workplan H2 20201 • $2M Strategic Partnership for supply of IP survey and • IP program - input to drill targeting For personal use only drilling services • Phase 1 drill program - Tesorito and Chuscal • Los Cerros will
Slide 8: Corporate Overview
CORPORATE OVERVIEW CAPITAL STRUCTURE SHARE PRICE HISTORY (Merger announcement to current) For personal use only Shares on issue 233.2 million $0.12 12,000,000 $0.10 10,000,000 Listed options 66.8 million $0.08 8,000,000 Unlisted options 14.1 million (incl. perf. rights) $0.06 6,000,000 Share Price $
Slide 9: Prime Real Estate
PRIME REAL ESTATE Multi-million ounce neighbours1: For personal use only • La Colosa: Largest to date @ >25Moz Au • Buritica: P&P reserve of 3.7Moz Au @ 8.4g/t and M&I resource of 5.7Moz @ 11g/t Murindo • Titiribi: Goldmining Inc. Cu/Au Segovia Buritica Gramolote 40o porphyry cluster Titiribi • Queb
Slide 10: Robust Pipeline of Projects
ROBUST PIPELINE OF PROJECTS Resource Established Project Generation Drill Ready Drill Testing Definition/ Feasibility For personal use only Target Studies GIBRALTAR El COLUMPIO2 26.79m wide zone grading 1.58g/t Au and Numerous SAN PABLO 83.17g/t Ag from 52.4m including 7.27m areas of SANTA RITA Pote
Slide 11: Quinchia Project – 100% Los Cerros
QUINCHIA PROJECT – 100% Los Cerros • A regional scale cluster of porphyry and epithermal type mineralisation within the Mid Cauca Porphyry Belt including established Resources For personal use only • Miraflores -Measured and Indicated Mineral Resources of 9.27Mt @ 2.82g/t Au and 2.77g/t Ag for 840ko
Slide 12: Chuscal Target Maiden Drill Program Results
CHUSCAL TARGET MAIDEN DRILL PROGRAM RESULTS • Extensive porphyry style mineralisation, as evidenced by several drill intercepts of >200m • Overprinted by higher grade epithermal vein gold/silver associated with a regional fault structure of >500m For personal use only • 2km from Miraflores, 1.5km fr
Slide 13: Outcome: Much Larger, Complex, Multiple Pulses
OUTCOME: MUCH LARGER, COMPLEX, MULTIPLE PULSES Maiden drilling substantially changed long standing model! For personal use only • Much more extensive = much larger system • Multiple pulses = opportunities for Au mobilisation • Porphyry source is not the surface diorite = yet to hit the source of all
Slide 14: Tesorito Prospect – Porphyry at Surface
TESORITO PROSPECT – PORPHYRY AT SURFACE TESORITO • Mineralised porphyry ~0.5km from proposed N-S structure For personal use only controlling broad plant location mineralisation NW orientation • 2km x 200m to 600m wide zone of alteration and of high grade anomalous soils zones • Only 300m of 2km stri
Slide 15: Andes Project
ANDES PROJECT ANDES PORTFOLIO Summary of Mo , Bi , As anomalies (porphyry • 14k surface samples, LIDAR, aeromag pathfinders) over soil grid gold and LIDAR base map For personal use only • 12 targets forming 5 mineralised corridors ~40km of combined strike in mid-Cauca Porphyry Belt • Multiple anomal
Slide 16: CSR - Focus on Local Community and Economy
CSR - FOCUS ON LOCAL COMMUNITY AND ECONOMY Employ local, Engage local Look after our Employees Across communities, genders and Safety, health, family For personal use only social groups Train locals Develop local business 14
Slide 17: Building a Strong Partnership with Our Community
BUILDING A STRONG PARTNERSHIP WITH OUR COMMUNITY Minimise our footprint Be open and transparent Model Behaviour Water mgt, rehabilitation Comms, actions Track, report, feedback For personal use only “The Quinchips initiative is a nationally significant example of mining companies partnering with com
Slide 18: Jason Stirbinskis, Managing Director
For personal use only Jason Stirbinskis Managing Director / Presidente 16
Slide 19: Miraflores and Dosquebradas Mineral Resource Estimates
Miraflores Mineral Resource Estimate, 14th March 2017 (100% basis) Dosquebradas Inferred Mineral Resource Estimate, 25 February 2020 (100% basis) Resource Classification Tonnes Au (g/t) Ag (g/t) Contained Contained (‘000) Metal Metal For personal use only Cut-Off Tonnes Au Au Ag Ag Cu Cu (Koz Au) (K