Ann: General Security Agreement, page-175

Please have a look at LCL's model here:

They went directly into the core. Its not a new zone of gold. If you compare this with TSO's model you would realize the big differences in the scale of the project.

Besides, please keep in mind that LCL would not be an open pit because of environmental issues. They might find gold from surface but they need to prove up at least 2-3Moz with reasonable grades for an underground mine. For a company under 100M market cap. I would rather buy AUC (lower market cap, proven 1Moz+ deposit, positive drilling campaigns to improve resource, high grade open pit, tier 1 country with nil sovereign risk).

Traders are all over LCL right now. Just be careful and make sure you did your own research and come up with a good entry price.