Lcl Resources Limited · ASX:LCL
Lcl Resources — Los Cerros — Investor Presentation (November 2022)
17 slides from Lcl Resources's investor presentation, Nov 29, 2022
Slide 1: Investor Presentation: Acquisition of Footprint Resources
INVESTOR PRESENTATION For personal use only ACQUISITION OF FOOTPRINT RESOURCES EXTENDS COMPANY’S PORTFOLIO INTO MULTIPLE COPPER, NICKEL AND ADDITIONAL GOLD TARGETS NOTE: SEE ASX RELEASE 25/11/22 FOR ALL QUOTED RESULTS/ASSAYS PERTAINING TO LCL’S PNG PORTFOLIO. THE COMPANY CONFIRMS THAT IT IS NOT AWAR
Slide 2: Nature of This Document
NATURE OF THIS DOCUMENT and no obligation is assumed to update forward looking statements if these beliefs, Company. Mr. Wilson has sufficient experience which is relevant to the style of opinions and estimates should change or to reflect other future developments. mineralisation and type of deposit
Slide 3: Transformational Acquisition in PNG
TRANSFORMATIONAL ACQUISITION IN PNG For personal use only • Los Cerros to acquire 5 large project areas in Papua New Guinea from Footprint Resource Pty Ltd (“Footprint”)1 • Proximity to Tier-1 deposits, offering potential for discovery in word-class terrain • As well as significant gold potential, p
Slide 4: High Impact Strategy
HIGH IMPACT STRATEGY For personal use only • PNG is ‘elephant country’ historically the domain of Tier-1 companies. Opportunity for junior entrants - models and targets • Re-energises Company’s exploration strengths as Quinchia Project (Colombia) matures • Timed for market and commodity cycles • Pro
Slide 5: Transaction Brings Jurisdiction and Commodity Diversification to LCL
TRANSACTION BRINGS JURISDICATION AND COMMODITY DIVERSIFICATION TO LCL For personal use only PAPUA NEW GUINEA 3,867km2 at 5 locations Imou Porphyry Cu, Au Tauya Skarn Cu, Au Ono Epithermal Au, Ag, Zn, Pb Liamu Veri Veri Ni sulphide Au 5
Slide 6: Ono Project: Multiple copper / gold targets
ONO PROJECT Multiple copper / gold targets For personal use only Aiming for Q1’23 Drilling www.andes.com.co
Slide 7: Ono Project: Compelling Skarn, Porphyry and Epithermal Targets
ONO PROJECT COMPELLING SKARN, PORPHYRY AND EPITHERMAL TARGETS For personal use only • 1,630km2 of granted contiguous exploration licenses over an intrusive complex • 150km from Lae (PNG’s largest commercial port) • Same structure as Hidden Valley gold mine and the Wafi- Golpu copper/gold project KUS
Slide 8: Kusi Plan View
Blue layer= KUSI PLAN VIEW projected skarn POTENTIAL BEYOND LOCAL AREA OF ACTIVITY! outcrop For personal use only • 3,000m drill program planned • Immediate workplan includes trenching at known targets and prospecting for additional targets over expansive anomalous area “The capacity for considerabl
Slide 9: Kusi Section - Gold, Copper, Silver, Lead, Zinc
KUSI SECTION - GOLD, COPPER, SILVER, LEAD, ZINC! SKARN AND MODELLED PORPHYRY For personal use only
Slide 10: Veri Veri Prospect: High grade nickel sulphide target
VERI VERI PROSPECT High grade nickel For personal use only sulphide target Creek float of massive nickel sulphide and garnierite (Ni – Oxide) 23.3% Ni, 10.6g/t Au Sample 5787 www.andes.com.co
Slide 11: Veri Veri - Mafic/Ultramafic Complex within Papuan Ultramafic Belt
VERI VERI - MAFIC/ULTRAMAFIC COMPLEX WITHIN PAPUAN ULTRAMAFIC BELT For personal use only • 100km ESE of Port Moresby and 50km NE of Kupiano port 1.4g/t Au, 11.8% Ni • Prospective for high grade nickel sulphide, recent samples: Sample ID Easting WGS Northing Ni % Au g/t Mo ppm Co ppm WGS FT5780 68080
Slide 12: Other Targets
OTHER TARGETS Multiple Cu/Au porphyry and epithermal gold targets For personal use only Copper/gold polished sample from Ubei Target. Chalcopyrite-silica-arsenopyrite-pyrite. 9.5% Cu, 156g/t Au Sample 0047 www.andes.com.co
Slide 13: Multiple Targets Across Many Sites Associated with Arc Structures
MULTIPLE TARGETS ACROSS MANY SITES ASSOCIATED WITH ARC AND ARC NORMAL STRUCTURES For personal use only LIAMU PROJECT Dada (Liamu): 600m x 400m >0.1g/t Au surface geochemical anomaly. Trenching revealed intense 40 veins/m porphyry quartz veining assaying 96m @ 0.42g/t Au Ubei: 4km x 4km surface geoch
Slide 14: Imou Project: Copper/Gold Potential in World Class District
IMOU PROJECT: COPPER/GOLD POTENTIAL IN WORLD CLASS DISTRICT For personal use only Imou Porphyry Target: 3km x 1km geochemical anomaly of >0.1%Cu & 0.1g/t Au. Limited drilling inc- IM19DD001- 305m @ 0.37% Cu, 0.37g/t Au from 5m, including 14m at 2.43% Cu, 2.78g/t Au from 186m Michael’s Creek: epither
Slide 15: Footprint Transaction | Acquisition Details
FOOTPRINT TRANSACTION |ACQUISITION DETAILS For personal use only • Cash payment of AUD$350k • Issue of 65,064,886 LCL Shares (10%), 80% escrowed • Footprint Founders become employees of LCL Completion of the acquisition is conditional as set out in the full ASX release of the acquisition dated 23/11
Slide 16: Corporate Overview
CORPORATE OVERVIEW For personal use only CAPITAL STRUCTURE BOARD OF DIRECTORS RESEARCH / COMMENTARY Shares on issue1 715.7 million Ross Ashton The following often comment on LCL releases and developments Non-Executive Chairman Market Capitalisation $25.7 million Jason Stirbinskis Cash2 $11.0 million
Slide 17: Path Forward
PATH FORWARD • Kusi 3,000m drilling: Validation of high Significant portfolio across Cu, Au, grade trenching and drilling For personal use only Ni in highly prospective regions • Kusi trenching and prospecting: Gauge potential regional scale of skarns etc Expanded team of experts • Veri Veri geophys