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LCL Resources Limited (ASX:LCL)

ALERT: Price-sensitive ASX Announcement for LCL
Current share price for LCL : $0.007 -0.001 (-6.67%)+
Announcement
Release
31 Oct 2025 12:58PM
Price at Release
$0.008
Full Release
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Summary
LCL Resources Limited provided a report for the September 2025 quarter, focusing on their exploration activities in Papua New Guinea (PNG) and Colombia. The company completed a trenching program at the Ubei epithermal target in PNG, confirming mineralised structures with promising assay results, including a significant gold, copper, and silver find. They also conducted stream sediment sampling at the Dada Au-Cu porphyry prospect, part of the Liamu Project, indicating a potential mineralised system. In Colombia, they are involved in a binding option agreement with Tiger Gold Corp for the acquisition of LCL's Colombian entities. The company is exploring potential sales or partnerships for its nickel assets and precious metals projects, while also considering new assets with lower costs and risks. Financially, LCL reported holding A$1.8 million in cash at the end of the quarter, with significant spending on exploration and administrative costs.
Key Points
  • Trenching at Ubei, PNG confirmed gold, copper, and silver mineralisation.
  • Stream sediment sampling conducted at Dada prospect indicates potential mineralised systems.
  • Binding option agreement with Tiger Gold Corp in Colombia for Colombian entities.
  • Exploring potential sales or partnerships for nickel and precious metals projects.
  • Cash reserves of A$1.8 million reported at the end of the quarter.
  • Significant spending reported on exploration and administrative costs.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.