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Los Cerros ( (AU:LCL) ) has shared an update.
LCL Resources Ltd has announced a maiden JORC Mineral Resource estimate for its 100% owned Ono Gold Project in PNG, with an inferred resource of 18.3 million tonnes at 1.42 grams per tonne of gold, totaling 831,000 ounces. This estimate, developed by WSP Australia, highlights the project’s geological potential, particularly around the Kusi skarn deposit. The company is planning further exploration, including potential use of 3D Induced Polarity to investigate deeper mineralization and is focused on expanding its copper-gold exploration efforts in PNG. This announcement aligns with their strategy to streamline operations and focus on high-potential assets, supported by shareholder backing.
More about Los Cerros
LCL Resources Ltd, operating under the ASX ticker LCL, is engaged in the mining industry, with a focus on exploring and developing gold and copper assets. The company is strategically concentrated on its Papua New Guinea (PNG) portfolio, particularly the Ono Gold Project, which is situated on the Owen Stanley metamorphic belt.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €6.54M
For detailed information about LCL stock, go to TipRanks’ Stock Analysis page.
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