Coffee With Samso - LCL Resources Ltd (ASX:LCL) - Undervalued ASX Explorer with a Golden Time in Papua New Guinea
Release Date: 03/11/2025
Coffee with Samso
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info_outlineCoffee with Samso Episode 202 brings retail investors into an ASX company that may have the potential to become a multi-bagger investment.
The LCL Resource Limited (ASX:LCL) story is one that will resonate with many retail small cap investors. A low market capitalisation of AUD $10M and an inferred gold resource of 831,000 ounces in a booming gold market where drilling results are being rewarded.
LCL is not a stranger to the Samso platform, with "Los Cerros Limited (ASX: LCL) - A High-Grade Gold Porphyry Story in Colombia" published on 29th October 2021 and a Samso Insight written and published on 15th February 2022 entitled "Good Geology Never Disappoints - Los Cerros Limited (ASX: LCL) Colombian Style."
The story changed to a Papua New Guinea focus recently, and on 25th November 2022, LCl released "Company acquires multiple PNG copper, nickel, gold targets" which was the entry into Papua New Guinea.
Management Change
Management and Board changes (Board Changes) within the company will bring much needed youth and energy into the LCL Resources, which, in my opinion, is why I am having a conversation on Coffee with Samso with Christopher Van Wijk, the Executive Chair of the company.
LCL was in a transaction to sell the Columbian assets but as I have realised, that resolution was voted down by shareholders. Whether this decision in hindsight turns out to be the correct decision will be known soon. Could it be sold to a higher bidder as the gold sentiment rise will be something to ponder about at that time. What is more interesting for me is the current direction for the company with new management.
The Project
The Kusi project is a good start for the company with the inferred resource of 831,000 ounces of gold. The future of the project sounds like there are a lot of positives. Papua New Guinea is a haven for projects that are company makers. There are multi-million ounces of gold in the region that will be nectar to honey for LCL Resources.
Coffee with Samso
This is one of those conversations where I learnt a lot about my guest and the company story. Christopher Van Wijk gave me the impression that he has come into LCl with a mission to take this AUD $10M market cap to greater heights. His energy and the, as a matter of fact, tone of discussion give me confidence they have the right jockey.
The next question is what the horse is like, and the rest of the team is able to do with the current project. As a matter of funding, I think that the fact that there are high-net-worth individuals backing this vehicle is a very good addition to the story.
Chapters:
00:00 Start
00:08 Introduction
03:26 Who is Chris van Wijk?
04:18 Updates on the Columbian Project
06:18 The KUSI Project
07:39 Any jurisdiction issues?
09:25 Confidence in gold project
11:50 What can investors look forward to?
13:40 Discussion on funding
17:05 Takeaway
17:35 What can investors look forward to in terms of exploration activities?
20:11 Conclusion
About Christopher Van Wijk
Chris is a seasoned geologist with expertise in project evaluation and generation. He possesses extensive experience in base metal and gold exploration across Africa, Europe, the Americas, and Australia.
Chris has also managed joint ventures and evaluated projects for leading mining companies such as BHP, IAMGOLD, First Quantum Minerals, and Fortescue Metals Group.
He holds a Master of Science in Ore Deposit Geology from the University of Western Australia and is a member of the AUSIMM.
About LCL Resources Limited
LCL, incorporated in Australia, is an ASX listed exploration and mining company. The Company holds ~3890Km2 of exploration titles in 5 regions of Papua New Guinea, prospective for copper, gold and nickel.
The Company also holds a dominant position within the Quinchia region of the Mid-Cauca Gold Belt of Colombia. The Company is actively exploring in PNG while the 100% owned, 10,500 ha Quinchia Gold Project (2.6Moz @ 1g/t) in Colombia progresses through early stage feasibility related studies..