Los Cerros Limited

Overview

📋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

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

Quinchia Project

Project Milestones

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

🔲 New Drill Results Added
🟩 Assay Results 7 (Tesorito, TS-DH25-26)
🟨 Assay Results 8 (Tesorito, TS-DH27)
🟩 Assay Results 9 (Tesorito, TS-DH28-30)
🔄 Assay Results 10 (Tesorito, TS-DH31-33)
🔲 Assay Results 11 (Tesorito)
🔲 Assay Results 12 (Tesorito)
🔲 Assay Results 2 (Chusal)
🔲 Assay Results 3 (Chusal)
🟨 Assay Results 1 (Ceibal, CEDDH01-02)
🔲 Assay Results 2 (Ceibal)
🔲 Assay Results 3 (Ceibal)

Next Investors Investment Milestones

✅ Initial Investment: @4c
✅ Increase Investment: @7.68c
✅ Increase Investment: @15.25c
✅ Price increases 500% from initial entry
🔲 Price increases 1000% from initial entry
🔲 Price increases 2000% from initial entry
✅ 12 Month Capital Gain Discount
✅ Free Carry
🔲 Take Profit
🔲 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. “Our 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

🔲 Expected Milestone
✅ Achieved Milestone
🟩 Above Average Result
🟨 Average (Expected) Result
🟧 Below Average Result
🟥 Negative Result
🌎 Macro Event
🔄 In Progress
⚔️ Results from Other Company / Project
[UPA] Unexpected Positive Announcement
[NEW] New Milestone Added