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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
31 Jul 2026 9:26AM
Price at Release
$0.007
Full Release
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Summary
LCL Resources Limited reported on its activities for the June 2026 quarter, highlighting the completion of the sale of its Colombian assets to Tiger Gold Corp for $7.5 million. The company finished the quarter with $7.63 million in cash, debt-free, and fully funded to advance its Papua New Guinea (PNG) projects. Key developments include the grant of the Kau Creek Exploration Licence, consolidating tenure over the Ono trend and triggering a $200,000 payment from Rio Tinto under a farm-in agreement. Significant exploration results were reported from the Kau Creek and Imou projects. The financial statement shows a net increase in cash and cash equivalents driven by the Colombian asset sale and Rio Tinto's exploration funding.
Key Points
  • Completed sale of Colombian assets to Tiger Gold Corp for $7.5 million.
  • Cash balance of $7.63 million at quarter end, with no debt.
  • Received a $200,000 payment from Rio Tinto under a farm-in agreement.
  • Kau Creek Exploration Licence granted, expanding exploration rights.
  • Significant exploration results at Kau Creek and Imou projects.
  • Net cash increase due to asset sale and exploration funding.
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.