LCL 12.5% 0.9¢ lcl resources limited

Here here. And technical approach to Miraflores development has...

  1. 60 Posts.
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    Here here.
    And technical approach to Miraflores development has shifted, improved? Thus Seafields open cut/ug not optimal? Higher capex because bought mining equipment? MNC, who have mning experience will be tech smarter? Also u/g only will be easier / quicker to permit?
    But big near term game remains exploration of total Quinchia Project. Thus checking public data (eg Seafields) on Tesorito it is a plum target, appears to be near or at heart of porphyry system to which Mirflores is peripheral. The Tesorito surface anomaly covers 500 x 700m, with all three current holes - the only holes so far - carrying long widths of economic grades, starting near surface, and all three ending in mineralisation, around 300m below surface. No doubt follow up drilling will be high priority.
    Beyond that MNC will 1/ talk with Batero about joint dev’t of Dosquebradas and 2/ clarify Chuscal ownership. This tenement, which carries a major surface anomaly, should have been transferred by Anglo as part of deal but wasn’t.
    Thus MNC talk of plus 10moz potential for Quinchia, potential which will be clarified relatively quickly, alongside progression of Miraflores mine development.
    And meanwhile Calatos deal will happen when it’s ready. Key issue is MNC cuts deal giving Company meaningful long term exposure to development / exploration there. And advancing Colombia buys space to achieve this.
 
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