Lcl Resources Limited · ASX:LCL
Lcl Resources — Los Cerros — Shareholder Meeting (January 2023)
17 slides from Lcl Resources's shareholder meeting presentation, Jan 23, 2023
Slide 1: Shareholder General Meeting - Operations Update
1 SHARE HOLDER GENERAL MEETING 23 JANUARY, 2023 OPERATIONS UPDATE JASON STIRBINSKIS MANAGING DIRECTOR 23 JANUARY 2023 Photo: Mike Doyle
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: Recent Key Developments
RECENT KEY DEVELOPMENTS PAPUA NEW GUINEA • PNG portfolio acquisition and shift to PNG exploration for 2023 program • Drilling preparation begun for 3000m Kusi drilling program COLOMBIA • Dosquebradas near surface high grade gold • Submission of Miraflores EIA • Completion of Ausenco Quinchia Project
Slide 4: Adding 100% Owned PNG Portfolio to LCL Is a High Impact Strategy
ADDING 100% OWNED PNG PORTFOLIO TO LCL IS A HIGH IMPACT STRATEGY • PNG is ‘elephant country’ historically the domain of Tier-1 companies. Opportunity for junior entrants - models and targets • Proximity to Tier-1 deposits, offering potential for discovery in word-class terrain • Plays to Company’s e
Slide 5: Corporate Overview – Post PNG Acquisition
CORPORATE OVERVIEW – POST PNG AQUISITION CAPITAL STRUCTURE BOARD OF DIRECTORS Shares on issue1 715.7 million Ross Ashton Non-Executive Chairman Market Capitalisation $28.6 million Jason Stirbinskis Cash2 $11.0 million Managing Director Enterprise Value (EV) $17.6 million Kevin Wilson Unlisted option
Slide 6: Ono Project - Kusi Work Plan
1 ONO PROJECT - KUSI WORK PLAN “The capacity for considerable gold tenor within the high grade Kusi skarns is very exciting, with news flow in the short term”.
Slide 7: Kusi 2023 Exploration Plan
KUSI 2023 EXPLORATION PLAN GOLD, COPPER AND SILVER POTENTIAL BEYOND LOCAL AREA OF ACTIVITY! • KUSI 3,000M DRILLING TARGETING MARCH ‘23: VALIDATION OF HIGH GRADE TRENCHING AND DRILLING • KUSI TRENCHING AND PROSPECTING UNDERWAY: GAUGE POTENTIAL REGIONAL SCALE OF GOLD/COPPER OXIDE SKARNS ETC LONGER TER
Slide 8: Kusi Section - Gold, Copper, Silver, Lead, Zinc
KUSI SECTION - GOLD, COPPER, SILVER, LEAD, ZINC! SKARN AND MODELLED PORPHYRY 8
Slide 9: Veri Veri Prospect
1 VERI VERI PROSPECT High grade nickel sulphide target Creek float of high-grade nickel sulphide and garnierite (Ni – Oxide) 23.3% Ni, 10.6g/t Au Sample 5787
Slide 10: Veri Veri - Mafic/Ultramafic Complex within Papuan Ultramafic Belt
VERI VERI - MAFIC/ULTRAMAFIC COMPLEX WITHIN PAPUAN ULTRAMAFIC BELT • 100km ESE of Port Moresby and 50km NE of Kupiano port 1.4g/t Au, 11.8% Ni • Prospective for high grade nickel sulphide • Field work Q1 Sample ID Easting WGS Northing Ni % Au g/t Mo ppm Co ppm WGS FT5780 680804 8912033 15.59 6.6 20.
Slide 11: Other Targets
1 OTHER TARGETS Multiple Cu/Au porphyry and epithermal gold targets Copper/gold polished sample from Ubei Target. Chalcopyrite-silica-arsenopyrite-pyrite. 9.5% Cu, 156g/t Au Sample 0047
Slide 12: Multiple Targets Across Many Sites Associated with Arc and Arc Normal Structures
MULTIPLE TARGETS ACROSS MANY SITES ASSOCIATED WITH ARC AND ARC NORMAL STRUCTURES LIAMU AND UBIE Dada: 40veins/m. 96m @ 0.42g/tAu Porphyry and epithermal targets – see map IMOU PROJECT (WORLD CLASS DISTRICT) Imou Porphyry Target: Limited drilling inc-IM19DD001- 305m @ 0.37% Cu, 0.37g/t Au from 5m, in
Slide 13: Dominant Holding in Two Regions of a Prolific Colombian Gold Belt
1 Los Cerros Projects and Tier 1 Discoveries1 DOMINENT HOLDING IN TWO REGIONS OF A Buritica – Zijin Mining: 5.32Moz @ 10.3g/t Au and 21Moz @ 40.8g/t Ag PROLIFIC COLOMBIAN Gramalote – B2Gold/AGA: 4Moz @ 0.73gt Au Titiribi – Gold Mining Inc: 6.2Moz @ 0.68g/t Au GOLD BELT and 654.4Mlbs @ 0.1% Cu Nuevo
Slide 14: Quinchia Project – Dosquebradas
QUINCHIA PROJECT – DOSQUEBRADAS INFERRED RESOURCE2 OF 459KOZ @ 0.71G/T o Recent trenching reveals high grade beyond Resource limit 1 • 146.6m @ 1.82g/t Au including 34m @ 4.22g/t Au • 40m @ 2.16g/t Au o Supported by deep auger samples including 9.28g/t Au, 1 5.68g/t Au, 5.63g/t Au and 5.08g/t Au 14
Slide 15: Quinchia Project - Ceibal Porphyry Target
QUINCHIA PROJECT CEIBAL PORPHYRY TARGET o Same structural address as Tesorito Porphyry discovery ~1kmNE o Drill intercepts of extensive low grade gold but yet to intercept causative porphyry source o Ceibal expert review reveals new area of interest, sparking Q1 ‘23 low-cost field program to better
Slide 16: Working with Communities to Realise the Advanced Quinchia Project
WORKING WITH COMMUNITIES TO REALISE THE ADVANCED QUINCHIA PROJECT QUINCHIA IN SITU MINERAL RESOURCE ESTIMATE1 Resource Cut-off Tonnes Au Au Quinchia subzone Category (g/t Au) (Mt) (g/t) (koz) Tesorito Inferred 0.50 50.0 0.81 1,298 Dosquebradas Inferred 0.50 20.2 0.71 459 Miraflores - U.Ground Measur
Slide 17: Path Forward
1 PATH FORWARD Focus on high impact exploration across PNG Significant portfolio across Cu, Au, Cu, Ni, Au targets while work continues on the established Quinchia Resource. Ni in highly prospective regions Expanded team of experts $11M Cash “The Company is eager to see advances across all targets c