Ann: Quinchia Gold Project (Colombia) Update, page-103

Back in 2022 Aris Gold acquired an initial 20% ownership interest in the Soto Norte Project for US$100 million for 20%

plus an option to acquire an additional 30% interest for US$300M;

"Soto Norte is one of the world’s largest undeveloped underground gold projects with Tier 1 scale and economics. Aris Mining operates the joint venture and holds a 20% interest (with option to increase to 50% ownership).Located in the historic California mining district of Colombia, Aris Mining stands out as the first mining company with Colombian operations to lead the project. Leveraging our in-country expertise and relationships, we are driving the advancement of project design and permitting, taking into consideration the environmental permitting challenges that the project has faced in the past. Aris Mining is focused on lowering construction and operating risks, and introducing more practical design criteria.
We are collaborating with local CMPs to provide processing solutions and deliver social and environmental benefits to the region."

Soto Norte had issues in getting the EIA and a lot of social issues, but that was not a problem for Aris to do a JV because they know how to handle that.

If LCL resources could do a similar deal (obviously our deposit is smaller but with already with EIA) and let the locals do the hard job over in Colombia?