LCL: Primary source of Veri Veri nickel sulphide float confirmed

LOS CERROS LIMITED

• High grade nickel sulphide float confirmed in Veri Veri creek.
• Scout program identifies a wide mineralised corridor as the likely source.
• Multiple surface samples indicate high grade nickel (with gold) mineralisation extends beyond historical assays.

2023-07-20 08:19:00

LCL: Acquisition expands Veri Veri Nickel Project (PNG)

LOS CERROS LIMITED

• LCL Resources Ltd has executed a Tenement Sales Agreement with Munga River Limited to acquire 100% ownership of EL2566, which adjoins the company's Veri Veri Nickel Project to the east.
• The agreement is subject to the renewal of EL2566 and transfer of title to LCL, with key elements including issuing shares to Munga, granting a 2% NSR royalty, finders' fees, and a withdrawal option for LCL.
• EL2566 consists of two areas with a total of 303km2, both contiguous with LCL's EL2706, considered to have potential to host nickel mineralization in the northern region and copper and gold mineralization in the southern region.

2023-06-26 08:18:00

LCL: 52m @ 3.65g/t Au in Kusi drill hole 4

LOS CERROS LIMITED

• Three new diamond drill holes at Kusi prospect intersected the targeted Upper Limestone skarn mineralisation, including the best drill intercept ever recorded at Kusi.
• Results include 52m @ 3.65g/t Au from 164m, 39.8m @ 1.85g/t Au from 143.2m, and 7.3m @ 2.25g/t Au from 160.7m.
• Drilling remains ongoing as part of a 3000m program, with visual results prompting a re-assessment of Kusi Upper Limestone skarn mineralisation potential.

2023-05-18 08:15:00

LCL: Surface work confirms potential scale of Kusi Au-Cu skarn

LOS CERROS LIMITED

• Surface campaign at Kusi gold-copper skarn mineralisation site confirms widespread mineralisation, with high-grade zones extending over 350 meters.
• Drilling results and surface samples support continuity of Upper Limestone skarn target mineralisation across four locations within gold in soil anomalies.
• Los Cerros Limited (ASX: LCL) drives ongoing field campaign and drilling program to assess the potential scale of skarn style mineralisation at the 100% owned Ono Project in Papua New Guinea.

2023-05-09 08:20:00

LCL: First hole at Kusi hits high grade gold

LOS CERROS LIMITED

• Los Cerros' first diamond hole KU23DD001 at Kusi prospect in PNG hits high grade gold with 15.2m @ 4.45 g/t Au within a broader interval of 76.4m @ 1.34g/t Au, proving the Upper Limestone skarn mineralisation is continuous and potentially widespread.
• The new intersection is centrally located between historical drill intersections, defining a ~300m zone of mineralised Upper Limestone skarn.
• Drill holes KU23DD002 and KU23DD003 have been completed, both intersecting wide zones of Upper Limestone skarn mineralisation at targeted depths, with assays pending.

2023-04-24 08:15:00

LCL: Commencement of drilling at Kusi gold/copper target

LOS CERROS LIMITED

• Los Cerros Limited begins drilling campaign at Kusi gold-copper prospect in PNG.
• The campaign targets high-grade oxide skarn units with a 3,000m program of 18 holes.
• Capital raise via shareholder offer closes on March 20, 2023, with $8.4M cash held as of December 31, 2022.

2023-03-09 12:23:00

LCL: Entitlement Issue to Raise up to $4.3 million

LOS CERROS LIMITED

• Los Cerros Limited is pleased to invite eligible shareholders to participate in a non-renounceable pro-rata entitlement issue at an issue price of 3 cents per share to raise up to A$4.3 million.
• The Entitlement Issue represents a discount of 16.7% to the Company’s last closing price, 17.9% to the Company’s 5-day VWAP and 27.1% to the Company’s 30-day VWAP.
• Funds will be directed to recently acquired PNG portfolio including nickel and copper battery metal targets, multiple porphyry-style targets for joint venture and working capital.

2023-02-23 17:11:00

LCL: Review suggests Ubei Project central to 60km copper trend

LOS CERROS LIMITED

• Multiple undrilled copper-gold targets discovered at Ubei in high grade vein systems over 4km x 4km area.
• Puma target has a coincident high grade surface copper-gold anomaly and IP chargeability high which remains to be drill tested.
• Ubei forms part of an interpreted 60km long NW trending copper trend owned 100% by the Company.

2023-02-23 08:03:00

LCL: Review of Imou Project sparks follow up field program

LOS CERROS LIMITED

• Geological review of the Imou copper/gold target commissioned for a field program to commence in Q2 2023.
• Project is a large Cu-Au porphyry project with associated epithermal targets in the same district as multi-million-ounce Ok Tedi, Porgera and Frieda River projects in PNG.
• Company held over $8.4M cash at 31 December 2022.

2023-02-17 08:14:00

LCL: 22m at 4.68g/t Au from Leah's Lode trenching

LOS CERROS LIMITED

• Recent trench sampling at Leah’s Lode has extended the skarn mineralisation 100m to the northeast, with an average of 22m @ 4.68g/t Au.
• Kusi 3,000m diamond drilling program to commence in March.
• Los Cerros Limited holds over $8.4M cash at 31 December 2022.

2023-02-16 08:10:00

LCL: New Area of Interest, Colombia

LOS CERROS LIMITED

• Los Cerros Limited has revealed a new area of interest at the Ceibal porphyry target in the Quinchia Project, which requires further field work.
• The Quinchia Project hosts a 2.6M oz gold Resource and a pre-scoping production assessment review is recently completed.
• The Miraflores Environmental Impact Assessment (EIA) is recently submitted, marking the final major submission required for development approvals at Miraflores.

2023-01-23 08:24:00

LCL: Site prep begins for drilling at Kusi Copper/Gold Prospect

LOS CERROS LIMITED

1. Los Cerros Limited (ASX:LCL) is engaging Quest Exploration Drilling (PNG) LTD to undertake the first drilling at its recently acquired Kusi Copper/Gold Prospect, Papua New Guinea.
2. The Ono Project consists of 1,630km2 of granted, contiguous exploration licenses over an intrusive complex considered prospective for gold/copper in skarns and porphyry plus epithermal gold/silver mineralisation.
3. Site preparations have begun, targeting a March start date.

2023-01-16 08:23:00