LCL Resources holds 3 projects in highly prospective regions of Papua New Guinea, covering copper, gold and nickel targets.

The Company’s primary focus is the Ono Project, which hosts the 831,000 oz Kusi Gold Skarn (subject to a Rio Tinto earn-in JV). The Sinua Project covers approximately 60 km of strike with copper, gold and nickel targets including the Dada Porphyry, Ubei high-grade veins and the Wedei nickel laterite system — the largest nickel anomaly in PNG. The Imou Project hosts a large near-surface copper-gold porphyry with a best drill intercept of 305 m @ 0.37% Cu and 0.37 g/t Au from surface.

Imou Project

The Imou Project has a large near-surface copper-gold porphyry with a best drill intercept of 305 m @ 0.37% Cu and 0.37 g/t Au from surface. The broader Imou camp includes the Bikaru epithermal target (up to 63 g/t Au rock chip) and the High Creek porphyry-skarn target (up to 7.3 g/t Au and 5.84% Cu in float).

Sinua Project

The Sinua Project hosts four advanced prospects along a 60 km mineralised corridor: Dada (copper-gold porphyry discovery), Ubei (high-grade epithermal vein system), Veri Veri (ultra-high-grade hydrothermal nickel sulphide), and Wedei (one of PNG’s largest nickel laterite anomalies).

Ono Project (Kusi)

The Ono Project hosts the Kusi Gold Skarn — a JORC Inferred Resource of 18.3 Mt at 1.4 g/t Au for 831,000 ounces. Rio Tinto has entered a binding earn-in and JV Agreement, committing to fund copper porphyry exploration with an initial 51% interest earned by spending $8 million including 4,000 m of drilling.