Update from LCL Resources (ASX: LCL)
Later that day I was able to visit former LCL MD, Jason Stribinkis at the company booth:
It’s been a tough period for LCL, and Jason and the LCL board have arranged for Jason to step away from the company to help conserve funds.
He’s currently involved in a part-time capacity.
LCL has recently been on the hunt for the source of mineralisation fora 45.8% nickel boulderif found at its project.
See below a rock chip from this boulder (the green one):
LCL has been dealt a tough deck – not only has the nickel price cratered, PNG unfortunately has seen a flare up of security challenges.
Jason acknowledges that progress on the nickel front has not fully resonated with the market.
I ask him how the gold and copper side of the PNG projects is looking.
He thinks there’s plenty of potential – gold is at all time highs and copper is looking stronger than before.
Update from LCL Resources (ASX: LCL)Later that day I was able to...
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Last
0.5¢ |
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Mkt cap ! $5.974M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.5¢ | $42.50K | 6.984M |
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| No. | Vol. | Price($) |
|---|---|---|
| 15 | 7131128 | 0.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 86698 | 3 |
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| Last trade - 16.10pm 26/06/2025 (20 minute delay) ? |
| LCL (ASX) Chart |