Announcement • Apr 08
LCL Resources Limited, Annual General Meeting, May 29, 2026 LCL Resources Limited, Annual General Meeting, May 29, 2026. Announcement • Jun 26
LCL Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.99 million. LCL Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.99 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 216,666,667
Price\Range: AUD 0.009
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,444,444
Price\Range: AUD 0.009
Transaction Features: Subsequent Direct Listing Announcement • Jun 02
Visby Management LLC Urges the Los Cerros Limited Shareholders On June 2, 2025, Visby Management LLC announced that its binding offer to acquire the Colombian assets of Los Cerros Limited (LCL Resources Limited) and is urging the Company’s shareholders to vote against the proposed transaction with Tiger Gold Corporation at the AGM on June 9, 2025. Visby also encourages shareholders to communicate their support for Visby's proposal at the upcoming Company’s public webinar to be held on June 5, 2025. Announcement • Apr 08
LCL Resources Limited, Annual General Meeting, May 30, 2025 LCL Resources Limited, Annual General Meeting, May 30, 2025. Announcement • Apr 20
LCL Resources Limited, Annual General Meeting, May 31, 2024 LCL Resources Limited, Annual General Meeting, May 31, 2024. Agenda: To re-election of Directors. New Risk • Mar 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (53% average weekly change). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m (AU$22k revenue, or US$14k). Market cap is less than US$10m (€6.90m market cap, or US$7.47m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (33% increase in shares outstanding). Announcement • Dec 08
LCL Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.98 million. LCL Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.98 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 156,842,110
Price\Range: AUD 0.019
Discount Per Security: AUD 0.00114
Transaction Features: Subsequent Direct Listing New Risk • Dec 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.18m (US$9.89m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m (AU$22k revenue, or US$14k). Market cap is less than US$10m (€9.18m market cap, or US$9.89m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). Announcement • Dec 01
LCL Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.98 million. LCL Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.98 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 156,842,110
Price\Range: AUD 0.019
Discount Per Security: AUD 0.00114
Transaction Features: Subsequent Direct Listing Board Change • Nov 04
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman Ross Ashton was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Sep 01
LCL Resources Limited (ASX:LCL) executed a binding Tenement Sales Agreement to acquire exploration licences EL 2391 and EL 2560 from Papuan Minerals Pty Ltd for AUD 0.3 million LCL Resources Limited (ASX:LCL) executed a binding Tenement Sales Agreement to acquire exploration licences EL 2391 and EL 2560 from Papuan Minerals Pty Ltd for AUD 0.3 million on August 30, 2023. Issue of 7,239,382 fully paid LCL ordinary shares to Papuan on completion of the transfer of EL 2391 to LCL; Issue of 2,413,127 fully paid LCL ordinary shares to Papuan on completion of the transfer of EL 2560 to LCL; and Grant of a 2% NSR (Royalty) to Papuan on minerals extracted from the Papuan Licences. LCL has the right to purchase, at any time, the Royalty over EL 2391 for a cash payment of AUD 3.75 million; and the Royalty over EL 2560 for a cash payment of AUD 1.25 million. Completion is conditional on due diligence by LCL on the Papuan Licences, to its reasonable satisfaction, within 30 days of signing and LCL may withdraw from the Agreement if completion of the transfer of either of the Papuan Licences does not occur within six months of execution. The agreement permits LCL to acquire each of EL 2391 and EL 2560, with the acquisition of EL 2560 conditional upon its renewal. Announcement • Jan 17
Los Cerros Limited Announces Site Prep Begins for Drilling At Kusi Copper/Gold Prospect Los Cerros Limited announced the engagement of Quest Exploration Drilling, to undertake Los Cerros' first drilling at its recently acquired Kusi Copper/Gold Prospect, part of the 100% owned Ono Project, Papua New Guinea. This maiden program is planned to drill 3,000m, over 18 diamond holes. Site preparations have begun, targeting a March start date. 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. Ono is situated 150km from the industrial port of Lae, where QED are based, and within the same structural belt as the Hidden Valley gold mine (an operating open pit gold and silver mine owned by Harmony Gold Mine) and the Wafi-Golpu copper/gold project. The primary focus of the drilling program is to further test gold/copper oxide skarn mineralisation within an upper limestone unit established from previous drilling, trenching and surface sampling, including assays1: 10.1m @ 2.39g/t Au from 0m in diamond drill hole KSDD003, 20m @ 2.89g/t Au from 107m in diamond drill hole KSDD004, 35m @ 3.04g/t Au from 136m in diamond drill hole KSDD007, 20m @ 3.84g/t Au in trench FPR TR 1, 71m @ 4.96g/t Au, 4.77g/t Ag & 0.37% Cu in trench KSTC45A, 8m @ 11.5g/t Au, 2.6% Cu and 24g/t Ag in trench FPR TR4, The above mentioned, trench FPR TR41 at Leah's Lode, delivered individual 2m samples within the trench of 27.74g/t Au with 3.6% Cu and 43.3g/t Au with 12.1% Cu. A sample of outcrop located 2m SW of trench FPR TR4 reported 61.3g/t Au with 10.8% Cu1. Leah's Lode is a 2022 discovery and has never been drilled. The drilling program is part of a larger Kusi exploration program which includes additional trenching and mapping to define the extent of the mineralised skarn horizon which occurs within the upper limestone unit and which has a modelled total area of approximately 3km x 1.5km. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman Ross Ashton was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Chairman Ross Ashton was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.