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LCL Resources Limited (ASX:LCL)

ALERT: Price-sensitive ASX Announcement for LCL
Current share price for LCL : $0.007 0 (0%)+
Announcement
Release
15 Jul 2026 8:29AM
Price at Release
$0.007
Full Release
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Summary
LCL Resources Limited announced the granting of the Kau Creek Exploration Licence (EL2837), part of their Ono Project in Papua New Guinea, under a farm-in agreement with Rio Tinto Exploration (PNG) Limited. This licence allows for the exploration of a 40km-long trend known for high-grade epithermal gold and copper-gold porphyry targets. Historical trenching at Kau Creek has yielded significant gold and silver intersections, and Rio Tinto will make an additional cash payment of A$200,000 to LCL. Future exploration activities will include geochemical sampling, mapping along the Ono trend, and initial community engagement efforts in the Kau Creek project area.
Key Points
  • Kau Creek Exploration Licence (EL2837) has been granted.
  • Licence allows exploration of a 40km-long trend with high-grade epithermal gold and copper-gold porphyry targets.
  • Part of LCL’s Ono Project in Papua New Guinea.
  • Agreement under a farm-in with Rio Tinto Exploration (PNG) Limited.
  • Historical trenching returned significant gold and silver intersections.
  • Rio Tinto to make further cash payment of A$200,000 to LCL.
  • Future activities include geochemical sampling and mapping along the Ono trend.
  • Initial Community Engagement campaign to commence in Kau Creek area.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.