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Los Cerros ( (AU:LCL) ) has provided an announcement.
LCL Resources Limited has commenced its maiden field work at the Puma prospect in Ubei, Papua New Guinea, marking a significant step in its exploration activities. The area has shown promising results with high-grade rock chip samples, and the reprocessed geophysical data indicates a robust target, suggesting potential for substantial mineral deposits. This exploration could enhance LCL’s positioning in the mining industry, particularly if the Puma target proves to be analogous to the successful Kainantu gold-copper mine.
More about Los Cerros
LCL Resources Limited operates in the mining industry, focusing on exploration activities in Papua New Guinea. The company’s primary interest lies in copper and gold, with a significant market focus on uncovering high-grade mineral deposits.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.36M
See more insights into LCL stock on TipRanks’ Stock Analysis page.