LCL Resources Limited
LCL Resources Limited (formed August 2019 from the merger of Metminco Ltd and Andes Resources Limited) explores for gold, copper and nickel in Papua New Guinea and Colombia's Mid-Cauca Gold Belt. Its Ono gold project in PNG carries a maiden JORC resource of 18.3 million tonnes at 1.42 g/t gold for 831,000 ounces. Its Quinchia gold project in Colombia carries a resource of approximately 2.6 million ounces at 1 g/t gold and is progressing through early-stage feasibility studies. Note: search coverage found no current Philippines project for this company despite the ticker occasionally being associated with one in older material -- its live project portfolio is PNG and Colombia only.
Notable vs. Peers
- Jurisdiction risk score of 5/10 is meaningfully riskier than the peer average of 7.8/10.
Lifecycle Milestones
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Trend data collecting — check back after a few more refreshes.
Your Rankings
Management Team
Executive Chairman of LCL Resources Limited (formerly Los Cerros Limited), a gold/copper/nickel explorer across Papua New Guinea and Colombia's mid-Cauca Gold Belt. Appointed Non-Executive Director in April 2024 and assumed the Executive Chair role in November 2024, succeeding Managing Director Jason Stirbinskis (resigned February 19, 2024). Experienced geologist with base-metal and gold exploration experience across multiple continents and major mining firms; previously served as CEO of Marvel Gold Ltd. (ASX: MVL) until his May 2024 resignation there.
Managing Director of LCL Resources Limited (formerly Los Cerros Limited). MBA (Murdoch University), BSc (University of Western Australia). Previously Managing Director at Bifox Ltd and Independent Non-Executive Director at Mount Burgess Mining NL. Also serves as Honorary Consul of the Republic of Kazakhstan.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Rio Tinto -- one of the largest mining companies in the world -- has a binding earn-in and joint venture agreement funding copper porphyry exploration at LCL's Ono project. The exact earn-in percentage, funding commitment and agreement date were not disclosed on the reachable pages. No named specialist fund holds a disclosed position, and there are no insider trading records in our data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Cutoff tied specifically to Kusi/Ono (current flagship), NOT to LCL's other listed project Quinchia/Tesorito (Colombia) -- that asset was fully divested to Tiger Gold Corp, sale closed 8 July 2026. DB flag (do not fix here, separate follow-up): Miner.projectName still lists both projects as if concurrent, which is stale post-divestment. Do not use the old Quinchia 0.5g/t or 0.25g/t figures -- those are no longer LCL's. Kusi skarn deposit (Ono Gold Project, PNG) maiden JORC Mineral Resource, announced 20 Feb 2025 (WSP Australia Pty Ltd, independent consultant): 18.3 Mt at 1.42 g/t Au = 831,000 oz Au, 0.5 g/t Au cutoff -- 100% Inferred, no Measured or Indicated category. ouncesFound (this repo's M+I-only field) left null accordingly.