Lcl Resources Limited · ASX:LCL
Lcl Resources — Los Cerros — Corporate Update (September 2020)
14 slides from Lcl Resources's corporate update, Sep 11, 2020
Slide 1: Presentation Pack – The Implications of Tesorito
11 September 2020 ASX Announcement ASX: LCL Presentation Pack – The Implications of Tesorito HIGHLIGHTS diamond hole TS-DH08 For personal use only Special presentation pack discussing the results of recent diamond hole at the Tesorito porphyry prospect (TS-DH08) in Colombia, which returned an exce
Slide 2: Forward Looking Statements
11 September 2020 ASX Announcement ASX: LCL Los Cerros Limited 12/11 Ventnor Avenue WEST PERTH WA 6005 jason@loscerros.com.au FORWARD LOOKING STATEMENTS This document contains forward looking statements concerning Los Cerros. Forward-looking statements For personal use only are not statements of his
Slide 3: Hunting for World Class Gold Deposits
For personal use only HUNTING FOR WORLD CLASS GOLD DEPOSITS SEPTEMBER 2020 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: A Brilliant Start to Drilling at Tesorito
A Brilliant Start to Drilling at Tesorito • 230m @ 1.0 g/t Au, with higher grade gold from surface1: • 18m @ 2.0g/t Au from surface including 6m @ 4.1g/t Au For personal use only from 6m; and • 116m @ 1.38 g/t Au from 114m including 74m @ 1.6g/t Au from 114m, including 4m @ 3.18 g/t Au from 148, and
Slide 6: 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 which also hosts many multi-million ounce discoveries2 • La Colosa: largest to date @ >25 Moz Au • Buritica: P&P reserve of 3.7Moz @ 8.4g/t
Slide 7: Recent Exploration Strategic Developments
RECENT EXPLORATION STRATEGIC DEVELOPMENTS EXPLORATION STRATEGY The Quinchia Gold Project has several advanced deposits, including a Reserve at Miraflores, all • Top-up to production. Find additional, easily accessible ounces to within ~3km radius For personal use only enhance the Miraflores producti
Slide 8: Quinchia Project – Tesorito – Currently Drilling
QUINCHIA PROJECT –TESORITO – CURRENTLY DRILLING ! • Near surface mineralised porphyry ~0.5km from proposed plant For personal use only location • Only 300m of 2km strike drill tested • Southern Zone • Very wide intercepts, epithemal at surface transitioning to porphyry • Porphyry core intercepted fr
Slide 9: Quinchia Project – Tesorito: Key Observations and Inferences
QUINCHIA PROJECT –TESORITO Key observations and inferences • Strong Grade at Surface For personal use only • Near surface good grade epithermal potential to contribute to ‘top up strategy’ • Higher grade can drive stronger economics in early years • Large Scale Potential • Gold mineralisation of 1g/
Slide 10: Quinchia Project – Chuscal – Drilling in October
QUINCHIA PROJECT – CHUSCAL – Drilling in October! • 2019/20 Maiden drill program reveals extensive For personal use only porphyry style mineralisation through most rock units Extensive porphyry associated gold through most rock units = wide drill intercepts 350m @ 0.57g/t gold from surface1 320m @ 0
Slide 11: 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 12: What Does the Gold Price Mean for Miraflores?
WHAT DOES THE GOLD PRICE MEAN FOR MIRAFLORES? Miraflores DFS1 For personal use only US$1,900 Au/oz ? • DFS in 2017 modelled a upper case gold price of US$1,400/oz • Current gold price of +US$1,900/oz expected to have a material impact on the NPV, IRR and payback • Additional value-add potential to b
Slide 13: Jason Stirbinskis, Managing Director
For personal use only Jason Stirbinskis Managing Director / Presidente 11
Slide 14: 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