Los Cerros Limited (ASX: LCL) is an explorer/developer with multiple gold, nickel and copper targets in Papua New Guinea and Colombia. The portfolio includes a 2.6Moz gold near-surface Resource at Quinchia – Colombia which also includes a ~0.5Moz Reserve grading 3.3g/t Au. The Company is well funded, and its 2023 work plan involves significant exploration across multiple PNG copper/gold and nickel targets which have generated spectacular initial results including 61g/t Au, 11% Cu and 45.8%Ni.
Lizeng Pty Ltd – 7.71%
John Dobe – 4.55%
Glenn Twomey – 4.55%
J P Morgan Nominees Australia – 4.28%
Phillip Perry – 3.47%
Management Ownership – 12%
Jason Stirbinskis – Managing Director
Jason Stirbinskis has been the Managing Director of Los Cerros Limited since 2017. Jason has over 25-years’ executive level experience in gold & base metals exploration companies active in Europe, Asia, Africa, Australia and Latin America. Jason is a Geologist with an MBA and spent a large portion of his career in strategic consulting and held executive roles in Banking & Finance and in Metallurgical / Engineering Consultancies. Jason is the Honorary Consul of Kazakhstan in Western Australia.
Los Cerros has an aggressive muti-target exploration program across Au, Cu and Ni underway and will be drilling at a priority gold/copper target commencing March 2023. Given the prospectivity and size of the portfolio, the Company also aims to attract JV partners to advance multiple gold-copper porphyry targets in PNG and Colombia. The Company has ~$AUD8.6M and has a live Capital Raise in March 2023 ahead of the first Kusi drill results. The Company anticipates significant value adding news flow through 2023 to drive share price growth.
On 25 Nov 2022 the Company announced a transformational acquisition of multiple, highly compelling Ni and Cu/Au targets in PNG and thus entered the battery space and returned to its exploration expertise while its established 2.6Moz gold Resource in Colombia advances through engineering studies.
Exploration across multiple Au., Cu and Ni targets. Secure a partner to advance other targets within the substantial portfolio
Define a new copper/nickel discovery and additional gold discovery
Drill out of new Resource target
Control of exploration costs as programs advance across mutilple targets in PNG. We have deep, local experience and minimal central overheads to ensure our shareholder funds are directed to exploration and discoveries as efficiently as possible.
Multiple compelling targets across Cu, Ni and Au with spectacular early results with a foundation of a 2.6Moz @ 1g/t gold Resource progressing through development studies.
1. Deep, relevant experience and successful track record.
2. Amazing early stage results across multiple targets.
3. Aggressive exploration with strong newsflow ahead.