Lcl Resources Limited · ASX:LCL
Lcl Resources — Los Cerros — Corporate Update (June 2020)
13 slides from Lcl Resources's corporate update, Jun 23, 2020
Slide 1: Company update presentation pack
23 June 2020 ASX Announcement ASX: LCL Company update presentation pack HIGHLIGHTS For personal use only Los Cerros provides the following presentation pack summarising recent exploration developments and the workplan for the second half of 2020. Los Cerros Limited (ASX: LCL) (Los Cerros or the Co
Slide 2: Forward Looking Statements
23 June 2020 ASX Announcement ASX: LCL FORWARD LOOKING STATEMENTS This document contains forward looking statements concerning Los Cerros. Forward-looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward-looking
Slide 3: Hunting for World Class Gold Deposits
For personal use only HUNTING FOR WORLD CLASS GOLD DEPOSITS JUNE 2020 AGM EXPLORATION UPDATE 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 Exploration Developments
RECENT EXPLORATION DEVELOPMENTS The Quinchia Gold Project has several advanced deposits, including a Reserve at Miraflores, all within ~3km radius For personal use only • Final Chuscal drill results confirms extensive epithermal gold overprinting porphyry gold • Dosquebradas Resources takes total Qu
Slide 7: Exploration Objectives / Strategy
EXPLORATION OBJECTIVES / STRATEGY 1. Top up to production. Find additional, easily accessible For personal use only ounces to enhance the Miraflores feasibility study economics1 • Catalyst for fast track to modest scale production • Tesorito 0.5km from proposed plant site, Chuscal ~2km • More ounces
Slide 8: 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 – • Los Cerros will acquire and run its o
Slide 9: Quinchia Project - Chuscal
QUINCHIA PROJECT - CHUSCAL • 2019/20 Maiden drill program reveals extensive porphyry style mineralisation through most rock For personal use only units Extensive porphyry associated gold through most rock units = wide drill intercepts 350m @ 0.57g/t gold from surface1 320m @ 0.43g/t gold from 32m2 •
Slide 10: Quinchia Project – Miraflores
QUINCHIA PROJECT – MIRAFLORES • Miraflores -Measured and Indicated Mineral Resources of 9.27Mt @ 2.82g/t Au and 2.77g/t Ag for 840koz gold & 826koz silver1 For personal use only • Miraflores DFS2 - 4.3Mt Reserve, CapEx - US$72M. Advanced engineering & approvals. Potential for multiple mines servicin
Slide 11: Quinchia Project - Tesorito
QUINCHIA PROJECT - TESORITO TESORITO N-S structure For personal use only controlling broad • Near surface mineralised porphyry ~0.5km from mineralisation NW orientation proposed plant location of high grade • Only 300m of 2km strike drill tested zones • Higher grade NW trending pulses in dilation zo
Slide 12: Jason Stirbinskis, Managing Director
For personal use only Jason Stirbinskis Managing Director / Presidente 10
Slide 13: 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