Lcl Resources Limited · ASX:LCL
Lcl Resources — Los Cerros — Investor Presentation (January 2020)
23 slides from Lcl Resources's investor presentation, Jan 21, 2020
Slide 1: Name Change & Updated Presentation Pack
21 January 2020 ASX Announcement ASX: LCL Name Change & Updated Presentation Pack HIGHLIGHTS For personal use only Metminco changes names to Los Cerros Limited to reflect re-launch and re-energising of the Company and its activities Change from ASX code to LCL, effective today Updated investor
Slide 2: Forward Looking Statements
21 January 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-looki
Slide 3: Hunting for World Class Gold Deposits
For personal use only Previously named Metminco HUNTING FOR WORLD CLASS GOLD DEPOSITS JANUARY 2020 MANAGING DIRECTOR - JASON STIRBINSKIS www.metminco.com.au 1
Slide 4: Nature of This Document
NATURE OF THIS DOCUMENT This presentation has been prepared by Los Cerros Limited (ACN 119 759 349) (Los Cerros or the Company). The may cause the actual results, performance or achievements of the Company to be materially different from any information is based on publicly available information, in
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 For personal use only Porphyry belt: • Quinchia gold district • Andes gold district • 2019 merger complete, 2020 focus on advancing Quinchia and Andes portfolios • Advanced DF
Slide 6: Corporate Overview
CORPORATE OVERVIEW CAPITAL STRUCTURE SHARE PRICE HISTORY (Merger announcement to current) For personal use only $0.14 4,500,000 Shares on issue 167.9 million 4,000,000 $0.12 3,500,000 Listed options 1 63.9 million $0.10 3,000,000 $0.08 2,500,000 Unlisted options 2 18.82 million (incl. perf. rights)
Slide 7: A Leading Colombia Gold Explorer
A LEADING COLOMBIA GOLD EXPLORER QUINCHIA PROJECT • Consists of 7500Ha including Dos Quebradas, For personal use only Tesorito, Chuscal JV and Advanced Miraflores Project • Miraflores advanced to DFS in 2017(Mineral Resources of 877,000 oz gold with Reserve of 457,000 oz gold @ US$1,200/oz)1 • Chusc
Slide 8: Prime Real Estate
PRIME REAL ESTATE Multi-million ounce neighbours1: For personal use only • La Colosa: Largest to date @ >25 Moz Au • Buritica: P&P reserve of 3.7Moz @ 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 • Quebra
Slide 9: 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 1.58 g/t Au and Numerous SAN PABLO 83.17 g/t Ag from 52.4m including 7.27m areas of SANTA RITA Po
Slide 10: Quinchia Project
QUINCHIA PROJECT • A regional scale cluster of porphyry and epithermal type For personal use only mineralisation within the Mid Cauca Porphyry Belt • Multiple deposits within a 3km radius of the Miraflores advanced project (DFS) • Miraflores DFS1 • 4.3Mt Reserve, CapEx - US$72M • Advanced engineerin
Slide 11: Multiple Targets and Growth Potential
MULTIPLE TARGETS AND GROWTH POTENTIAL Marmato Fault. Major regional structural control hosting many discoveries including Marmato. For personal use only Note the proximity of prospects to Santa Sofia this major fault jog. Los Loma Large surface anomaly. Some historical drilling. Dosquebradas Likely
Slide 12: Pathfinders and Signatures of Quinchia Cluster
PATHFINDERS AND SIGNATURES OF QUINCHIA CLUSTER Mo/Mn increases towards Te anomalism highlights possible big Y/Th highlights intrusives intrusive centers. porphyry epithermal centers More ¨possible intrusive centers¨ Dosquebradas & Santa Sofia centers Dosquebradas-S’Sofia-La Loma targets outside of t
Slide 13: Chuscal Gold Target
CHUSCAL GOLD TARGET • Extensive porphyry style mineralisation, as evidenced by several drill intercepts of >200m For personal use only • Overprinted by higher grade epithermal vein gold/silver associated with a regional fault structure of >500m • 2km from Miraflores, 1.5km from proposed plant site a
Slide 14: Chuscal First Drillhole: Entire 450m Hole Mineralised
CHUSCAL FIRST DRILLHOLE: ENTIRE 450M HOLE MINERALISED ACROSS ALL UNITS First hole maiden drill program Nov 20191 Extensive background porphyry associated gold (assoc. with Cu, Mo) For personal use only 350m @ 0.57g/t gold from surface 350m intercept includes zones of epithermal veins as follows: 6m
Slide 15: Chuscal 2nd, 3rd & 4th Drillholes
CHUSCAL 2nd DRILLHOLE: 320m OF MINERALISATION1 CHUSCAL 3rd & 4th HOLES: VALIDATES HORSETAIL MODEL 500m STRIKE & OPEN2 • Confirmed horsetail as epithermal gold ‘plumbing’ 8m @ 1.65g/t Au For personal use only and is >500m in strike! from 8m inc 2m @ 3.86g/t Au from 8m • Potassic alteration and other
Slide 16: Outcome: Much Larger, Complex System
OUTCOME: MUCH LARGER, COMPLEX SYSTEM, MULTIPLE PULSES NEXT STEPS – Chuscal Prospect Pathfinders (eg, Mo, Te) and signature ratios (eg, Y/Th, Mo/Mn, Au/Cu) flag an area south of the • Alteration and pathfinder analysis of surface and drill For personal use only data to vector in on porphyry targets.
Slide 17: Tesorito Prospect
TESORITO PROSPECT 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 strike drill tested • High
Slide 18: Andes Portfolio
ANDES PORTFOLIO 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 anom
Slide 19: 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 17
Slide 20: 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 21: 2020 Workplan and Objectives
2020 WORKPLAN AND OBJECTIVES1 Focus on Quinchia project as a significant porphyry cluster Build operational capacity and the project pipeline For personal use only • 3-D regional structural and geochemical model • Expand geological team / develop existing team • Infill surface program (soils, mappin
Slide 22: Jason Stirbinskis, Managing Director
For personal use only Jason Stirbinskis Managing Director / Presidente 20
Slide 23: Miraflores Mineral Resource Estimate and JV Terms
Miraflores Mineral Resource Estimate, as at 14th Terms of the Chuscal JV (LCL = 10% to 51%) For personal use only March 2017 (100% basis) • LCL currently has 10% ownership with AngloGold Ashanti (AGA) 90% Resource Classification Tonnes Au (g/t) Ag (g/t) Contained Contained (‘000) Metal Metal • LCL c