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Los Cerros ( (AU:LCL) ) just unveiled an update.
LCL Resources has entered into a Binding Share Purchase Option Agreement with Tiger Gold Corporation for the divestment of its Colombian projects, including the Quinchia Gold Project. The agreement, pending shareholder approval, could see LCL receiving up to A$10 million in cash and shares. This move is expected to streamline LCL’s focus on its Papua New Guinea projects, particularly following successful trenching that confirmed a copper-gold porphyry discovery at the Dada project, enhancing its industry positioning and potential future revenue streams.
More about Los Cerros
LCL Resources (ASX: LCL) operates in the mining industry with a focus on developing and managing gold and copper projects. The company is involved in projects in Colombia and Papua New Guinea, with significant interests in the Quinchia Gold Project and copper-gold porphyry discoveries.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €6.08M
Find detailed analytics on LCL stock on TipRanks’ Stock Analysis page.
