LCL Resources (ASX:LCL) | Kau Creek Licence Granted
LCL Resources Limited (ASX:LCL) | Kau Creek Licence Granted | Exploration Update | 15 July 2026
LCL Resources Limited has announced the grant of Exploration Licence EL2837 at Kau Creek in Papua New Guinea. The grant means the Ono Project now consists of two granted exploration licences and triggers a $200,000 milestone payment from Rio Tinto under the existing farm in agreement.
This episode of MarketOpen's Trading Titan podcast explores what the licence grant means for the Ono Project, including exploration across the entire more than 40 kilometre long Ono trend, historical CRA exploration results at Kau Creek, including trench intersections of 70 metres at 7.92g/t gold and an included interval of 10 metres at 40.35g/t gold, and the Rio Tinto farm in agreement reaching another payment milestone.
The episode also covers a separate update from LCL Resources Limited's 100% owned Imou copper gold project, where recent trench sampling, according to the company, extends the potential porphyry system approximately 350 metres east of the current Imou drilling.
Key facts covered in this episode:
Kau Creek Exploration Licence EL2837 granted
Ono Project now consists of two granted exploration licences
Ono trend extends more than 40 kilometres
Rio Tinto farm in milestone payment of $200,000 triggered
Historical CRA trench highlight: 70 metres at 7.92g/t Au and 45.1g/t Ag
Included historical trench interval: 10 metres at 40.35g/t Au and 188.3g/t Ag
Historical drill highlight KC 5: 10 metres at 2.5g/t Au and 179.3g/t Ag
Kusi Gold skarn resource: 18Mt at 1.42g/t Au for 831koz
Imou best trench result: 57 metres at 0.25% Cu and 0.21g/t Au
LCL states the Imou sampling extends the potential porphyry system approximately 350 metres east of the current drilling
The company's stated next steps include continuing geochemical sampling and geological mapping across the Ono Project, assessing options for geophysical surveys, commencing community engagement at Kau Creek before field activities begin, and continuing exploration with Rio Tinto across the Ono Project.
This podcast is for information purposes only. Nothing in this episode constitutes financial advice. Listeners should do their own research and consider their own financial circumstances before making any investment decision.