Lcl Resources Limited · ASX:LCL
Lcl Resources — Los Cerros — Investor Presentation (March 2021)
26 slides from Lcl Resources's investor presentation, Mar 22, 2021
Slide 1: Refreshed Investor Presentation Highlights
22 March 2021 ASX Announcement ASX: LCL Refreshed Investor Presentation HIGHLIGHTS For personal use only ▪ An updated Investor Presentation has been released, outlining the Company’s recent exploration success, as well as outlining the ongoing exploration focus: ▪ Progress at the very promising Teso
Slide 2: Managing Director comment and forward looking statements
22 March 2021 ASX Announcement ASX: LCL With significant funding in place and the possibility of additional funds through conversion of 2c, 10c and 16c options, the Company is well placed to continue its intense, multi-rig, multi-target exploration program. Los Cerros Managing Director, Jason Stirbi
Slide 3: Miraflores Project Resources and Reserves
22 March 2021 ASX Announcement ASX: LCL the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012)’. Mr. Wilson consents to the inclusion in the news release of the information in the form and context in which it appears The Company is not aware
Slide 4: Ready to Capitalise on Our Dominant Position in the Mid-Cauca Gold Belt
For personal use only READY TO CAPITALISE ON OUR DOMINANT POSITION IN THE RICHLY ENDOWED MID-CAUCA GOLD BELT COLOMBIA MARCH 2021 JASON STIRBINSKIS
Slide 5: Nature of This Document and Competent Persons Statement
NATURE OF THIS DOCUMENT Many factors could cause the Company’s actual results to differ materially from COMPETENT PERSONS STATEMENT those expressed or implied in any forward-looking information provided by the This presentation has been prepared by Los Cerros Limited (ACN 119 759 349) Company, or on
Slide 6: Corporate Overview
CORPORATE OVERVIEW SHAREHOLDER BOARD OF For personal use only BASE DIRECTORS CAPITAL STRUCTURE Predominantly Australian retail shareholder base with Ross Ashton Los Cerros Directors holding ~2.3% and Non-Executive Chairman #1 Shareholder - Lizeng Pty Ltd (9.07%) Shares on issue1 468.5 million Jason
Slide 7: Focused on Discovery of Tier Au/Cu Projects
FOCUSED ON DISCOVERY OF TIER 1 AU/CU PROJECTS For personal use only Dominant control in two Quinchia gold project, gold districts of Mid Cauca (100%) incudes the porphyry belt (Miocene) advanced Miraflores Reserve, large Tesorito porphyry, which hosts many multi- Chuscal prospect and million ounce d
Slide 8: Prime Real Estate
PRIME REAL ESTATE For personal use only The most prospective region of the highly prospective Mid- Cauca Belt o Geological flat slabs host numerous and substantial deposits (6.4Moz Aueq) around the world (4Moz Au) o The Colombian flat slab hosts almost (6.2Moz Au) all of the county’s (7Moz Au + tier
Slide 9: Drill Intercepts Comparable to the Best of Our Neighbours
DRILL INTERCEPTS COMPARABLE TO THE BEST OF OUR NEIGHBOURS & SOME GLOBALLY NOTEWORTHY For personal use only LCL ($56M MC) GRAM- INTERSECTION FROM INCLUDING LOCATION METERS 161m @3.23 g/t Au 520 183m 60.0m @ 5.48 g/t Au from 225m Miraflores QM-DH-34 238m @2.06 g/t Au 490 146m 59.2m @ 5.72 g/t Au from
Slide 10: Quinchia
For personal use only QUINCHIA A nest of targets with big potential. • Includes Miraflores, Tesorito, Chuscal and earlier stage targets. • Sits in the prime location of Colombia’s highly prospective Mid-Cauca porphyry belt, hosting multi-million ounce gold and copper/gold discoveries. Spinel-Twinned
Slide 11: Quinchia Project
QUINCHIA PROJECT For personal use only Santa Sofia Los Loma The Quinchia Gold Project has several advanced o Advanced Miraflores DFS (2017) 1 Dosquebradas underpins core value. DFS deposits, including a demonstrated NPV US$89M at Reserve at Miraflores, all US$1,400/oz gold price with within ~3km rad
Slide 12: Quinchia Project Miraflores
QUINCHIA PROJECT MIRAFLORES For personal use only o Miraflores -Measured and Indicated Mineral Resources of 9.27Mt @ 2.82g/t Au and 2.77g/t Ag for 840koz gold & 826koz silver1 o Miraflores DFS - 4.32Mt @ 3.29g/t Au for 457koz 2 Reserve, CapEx - US$72M. Advanced engineering & approvals. Potential for
Slide 13: What Does the Gold Price Mean for Miraflores?
WHAT DOES THE GOLD PRICE MEAN FOR MIRAFLORES? For personal use only MIRAFLORES DFS1 o DFS in 2017 modelled an upper case gold price of US$1,400/oz KEY FINANCIAL US$1,200 US$1,300 US$1,400 INDICATORS* UNIT Au/oz Au/oz Au/oz o Current gold price of +US$1,800/oz expected to have a C1 Cash Cost** US$ pe
Slide 14: Quinchia Project Tesorito
QUINCHIA PROJECT TESORITO CURRENTLY DRILLING! For personal use only Near surface mineralised porphyry ~0.5km from proposed Miraflores plant location TESORITO SOUTH TESORITO NORTH o Very wide porphyry o Early stage exploring intercepts from near anomalous surface Au surface. 6 drill holes of and Mo.
Slide 15: Quinchia Project Tesorito South
QUINCHIA PROJECT TESORITO SOUTH For personal use only C Tesorito South Porphyry D New zone of interest intercepted in TS-DH16 12
Slide 16: Quinchia Project Chuscal
QUINCHIA PROJECT CHUSCAL For personal use only o 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 o Overprinted by higher grade epithermal vein gold/silver, eg • 2m @ 6.44g/t Au and 87.40g/t Ag from
Slide 17: Quinchia Project Chuscal Targets
QUINCHIA PROJECT CHUSCAL 2 TARGETS For personal use only 14 1) In hole CCDDH001, first announced by the Company on 25 Nov 2019. 2) In hole CCDDH002 first announced 5 Dec 2019. 3) In hole CHDDHH007 first announced 7 Dec 2020. 4) In hole CHDDH008 first announced 7 Dec 2020. The Company confirms that i
Slide 18: Andes Project
For personal use only ANDES PROJECT Enormous parcel of land with enormous potential. • Numerous established exciting targets • Epithermal and porphyry • Barely scratched the surface! The Andes Region
Slide 19: Andes Project Summary
ANDES Summary of PROJECT Mo Bi For personal use only As anomalies o 14k surface samples, LIDAR, aeromag (porphyry pathfinders) o 12 targets forming 5 mineralised corridors ~40km of combined strike in mid-Cauca Porphyry Belt over soil grid gold and LIDAR base map o Multiple anomalous zones identified
Slide 20: Strategy
For personal use only STRATEGY o Value creation from existing tenement portfolio with opportunistic additions to the portfolio o Colombia based team • Experienced Colombian geological team leading exploration • Efficient and effective review and analysis of opportunities • Minimal operational impact
Slide 21: Los Cerros Limited: Capitalising on World Class Results
LOS CERROS LIMITED For personal use only Capitalising on world class results o Well funded with market momentum o Substantial project pipe line o Strategic optionality • Near term production pathway at Miraflores • Pursue and grow porphyry discoveries • Develop greenfield targets across Andes and Qu
Slide 22: Pathway to Value
PATHWAY TO VALUE For personal use only Concept to resource CHUSCAL definition Significant geochemical anomalies over artisanal underground workings potential porphyry(ies) at depth GIBRALTAR El COLUMPIO SANTA RITA Vein hosted Au/Ag at Numerous areas elevation potential for of interest within underly
Slide 23: Environmental, Social and Governance
ENVIRONMENTAL, SOCIAL AND GOVERNANCE For personal use only Los Cerros Ltd. Destined for great things to the benefit of shareholders and community. EMPLOY LOCAL TRAIN LOCALS LOOK AFTER ENGAGE LOCAL Develop local business OUR EMPLOYEES Across communities, Safety, health, family genders and social grou
Slide 24: 2020 ESG Highlights
2020 ESG HIGHLIGHTS For personal use only EMPLOY LOCAL TRAIN LOCALS LOOK AFTER ENGAGE LOCAL OUR EMPLOYEES US8M spent in Columbian economy Training courses and attendees 8000 meals provided 25.5% spent directly in local communities • Employee induction training - 40 US $32,102 spent in community prog
Slide 25: 2020 ESG Highlights
2020 ESG HIGHLIGHTS For personal use only BE OPEN AND MINIMISE OUR MODEL TRANSPARENT FOOTPRINT BEHAVIOUR Number of sites re-vegetated 13 meetings with the Rapid COVID Response community relating to 15 platforms built community engagement, productive projects and social 13 recovered PPE donated to lo
Slide 26: Managing Director Jason Stirbinskis
For personal use only MANAGING DIRECTOR JASON STIRBINSKIS www.loscerros.com.au info@loscerros.com.au