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Los Cerros Limited
(ASX:LCL)


Overview

Overview

πŸ“‹About: Los Cerros Limited (ASX: LCL) is a gold explorer with a dominant position within the Andes and Quinchia regions of Colombia.
The Quinchia Gold Project hosts the Miraflores Gold Deposit with a Resource of 877,000oz at 2.80g/t Au and Reserve of 457,000oz at 3.29g/t Au.
Within 3km of Miraflores is the highly promising Tesorito and Chuscal porphyry targets. There are several other targets within the region including the Dosquebradas deposit which has an Inferred Resource of 459,000 oz grading 0.71g/t Au.

🌏 Macro Theme: Gold price will rise as a store of a value in a low interest rate environment and high stimulus global economy.

Los Cerros Company Milestones

βœ… Strategic partnership (Hong Kong Ausino)
βœ…
AngloGold becomes a major shareholder
βœ…
Next Investors Portfolio Launch
βœ… Diamond Drill Rig Purchased
βœ…
$3.5M Cap Raise @ 4c
βœ… $10M Cap Raise @ 11.5c
βœ… Debt Extinguished
βœ… Project Acquisition Complete (Chusal)
βœ… Options exercised: $2M of $8.4M Raised
βœ…
Institutional investor takes position
βœ… $20M Cap Raise @ 16c
πŸ”² Joint venture partner
πŸ”² Unexpected Announcement 1
πŸ”² Unexpected Announcement 2

Quinchia Project

Project Milestones

βœ… Drilling Program Commenced 2020/21
βœ… 2020/21 Drilling Program
βœ… [UPA1] New Porphyry Discovered (Ceibal)
πŸ”„ 2021/22 Drilling Program
πŸ”„ Quinchia Project Geological Model Update
πŸ”² Scoping Study commences (Tesorito)
πŸ”² Maiden Gold Resource ~ Dec 2021 (Tesorito)
πŸ”² [NEW] Metallurgical Studies
πŸ”² Project Development Approvals (Mirafloras)
πŸ”² Environment Impact Assessment (Mirafloras)
πŸ”² Unexpected Announcement 2
πŸ”² Unexpected Announcement 3

FY 2020/21 Drill Results

🟩 Assay Results 1 - Tesorito South Discovery Hole (Tesorito, TS-DH08)
🟩 Assay Results 2 (Tesorito, TS-DH09)
🟨 Assay Results 3 (Tesorito, TS-DH10-11)
🟩 Assay Results 3 (Tesorito, TS-DH12-14)
🟩 Visual Gold (Tesorito, TS-DH15)
🟩 Assay Results 4 (Tesorito, TS-DH16)
🟨 Assay Results 5 (Tesorito, TS-DH17-23)
🟩 Assay Results 6 (Tesorito, TS-DH24)
🟨 Assay Results 1 (Chusal, CHDDH005-9)
🟧 Assay Results 1 Delayed (Ceibal)

FY 2021/22 Drill Results

πŸ”² New Drill Results Added
🟩 Assay Results 7 (Tesorito, TS-DH25-26)
🟨 Assay Results 8 (Tesorito, TS-DH27)

🟩 Assay Results 9 (Tesorito, TS-DH28-30)
πŸ”„ Assay Results 10 (Tesorito, TS-DH31-33)
πŸ”² Assay Results 11 (Tesorito)
πŸ”² Assay Results 12 (Tesorito)
πŸ”² Assay Results 2 (Chusal)
πŸ”² Assay Results 3 (Chusal)
🟨 Assay Results 1 (Ceibal, CEDDH01-02)
πŸ”² Assay Results 2 (Ceibal)
πŸ”² Assay Results 3 (Ceibal)

Next Investors Investment Milestones

βœ… Initial Investment: @4c
βœ… Increase Investment: @7.68c
βœ… Increase Investment: @15.25c
βœ… Price increases 500% from initial entry
πŸ”² Price increases 1000% from initial entry
πŸ”² Price increases 2000% from initial entry
βœ… 12 Month Capital Gain Discount
βœ… Free Carry
πŸ”² Take Profit
πŸ”² Hold remaining position for next 2+ years


”Expected Company Milestones” are based on the company's publicly available execution plan and some assumptions made by our team on potential announcements that should de-risk the investment. β€œOur investment milestones” show our current long-term investment plan. Early stage investments are risky and there is no guarantee that the expected events will occur. The lists are not in sequential order.

Key

πŸ”² Expected Milestone
βœ… Achieved Milestone
🟩 Above Average Result
🟨 Average (Expected) Result
🟧 Below Average Result
πŸŸ₯ Negative Result
🌎 Macro Event
πŸ”„ In Progress
βš”οΈ Results from Other Company / Project
[UPA] Unexpected Positive Announcement
[NEW] New Milestone Added




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