LCL Resources Limited (ASX: LCL) announced that Tiger Gold Corp (TSXV: TIGR) has exercised its option to acquire 100% of LCL’s Colombian assets, including the Andes Gold and Quinchia Gold Projects. The final staged cash payment of AU$4.5 million has been received, bringing total cash consideration to AU$7.5 million, significantly strengthening LCL’s balance sheet. Formal transfer of the Colombian assets is scheduled for 11 June 2026.
LCL retains a deferred payment of AU$6.5 million from Tiger payable upon first gold pour, alongside a 1% net smelter royalty, ensuring continued upside potential. The transaction positions LCL with a strong cash reserve and a compelling valuation, further supported by the Rio Tinto farm-in at the Ono Project in PNG, which provides substantial exploration funding. The company is now debt-free, well-capitalised, and strategically positioned for potential high-quality acquisitions and growth opportunities
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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LCL Completes Colombian Asset Sale to Tiger Gold
LCL Resources Limited (ASX: LCL) announced that Tiger Gold Corp (TSXV: TIGR) has exercised its option to acquire 100% of LCL’s Colombian assets, including the Andes Gold and Quinchia Gold Projects. The final staged cash payment of AU$4.5 million has been received, bringing total cash consideration to AU$7.5 million, significantly strengthening LCL’s balance sheet. Formal transfer of the Colombian assets is scheduled for 11 June 2026.
LCL retains a deferred payment of AU$6.5 million from Tiger payable upon first gold pour, alongside a 1% net smelter royalty, ensuring continued upside potential. The transaction positions LCL with a strong cash reserve and a compelling valuation, further supported by the Rio Tinto farm-in at the Ono Project in PNG, which provides substantial exploration funding. The company is now debt-free, well-capitalised, and strategically positioned for potential high-quality acquisitions and growth opportunities
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au