Los Cerros Limited (ASX:LCL)

Jason Stirbinskis
MD
Market Cap (AUD): 79.76M
Sector: Materials
Last Trade (AUD): 0.12 +0 (+0%)
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1. About

Los Cerros Limited (ASX:LCL) is an exploration and mining company with a dominant position in the Andes and Quinchia regions of the Mid-Cauca Gold belt in Columbia.

The Company was formed in August 2019 when Metminco Ltd merged with Andes Resources Limited to form Los Cerros Limited. Its projects range from early stage exploration, through to advanced projects including feasibility.

Los Cerros' primary focus is the Quinchia Gold Portfolio located in Colombias Mid-Cauca Belt, and has a JORC compliant Resource 1.3Moz made up of 0.84Moz of gold (Measured+Indicated) and Reserve of 0.547Moz of gold at the Miraflores site and ~0.46Moz of Inferred Resource at the Dosquebradas site.  

The 10,500ha Quinchia Project contains a number of gold deposits and significant exploration and development targets including Miraflores, Tesorito, Chuscal and Dosquebrada.

Los Cerros Andes Gold Portfolio consists of a 90% interest in ~85,000ha of tenements also within the Mid-Cauca belt and including 3 granted titles. Only ~10% of the expansive portfolio has been systemically explored but already delivered 12 vein type gold/silver targets and multiple gold/copper porphyry targets.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk