LCL Resources Limited Extends High-Grade Au-Cu Porphyry Stockwork at Dada Project in PNG – 1.55 g/t Au and 0.12% Cu Assays Highlight Exploration Upside

Thursday, July 3, 2025
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LCL Resources Limited has expanded its Au-Cu stockwork at the Dada project in Papua New Guinea. New trench and pit samples reveal encouraging grades and extend the known mineralisation, sparking optimism for significant upside in this early-stage, exciting exploration opportunity.

LCL Resources Limited announced encouraging developments at its Dada project in Papua New Guinea, where recent trenching and pit sampling has expanded the known extent of a porphyry Au-Cu stockwork mineralisation. The field program, conducted along a 400‐meter strike length and involving six trenches and 18 pits, has yielded notable assay results. For example, Trench 8 returned 19 meters at 0.43 g/t gold and 0.16% copper. Step-out pit samples have also recorded elevated grades, including one showing 1.55 g/t gold with 0.12% copper, and others reflecting approximately 0.77 g/t to 0.89 g/t gold with associated porphyry veining. The exploration work indicates that the mineralised zone remains open to both the east and west, suggesting continued potential for expansion of the resource footprint within the 600m x 400m geochemical anomaly originally outlined. Detailed trench results across varying lithologies—primarily diorite with occurrences of porphyry—show a generally continuous mineralisation trend along an east-west orientation that diminishes toward the south. These technical indicators, combined with multiple generations of mineralised porphyry intrusives, underscore the early-stage promise of a significant system yet to be fully defined. Executive Chairman Chris van Wijk highlighted his recent visit to the site and noted the strong alteration and porphyry veining at surface. He pointed out that the causative intrusive remains untested, thereby leaving additional exploration potential. This work builds on earlier milestones, such as the Maiden Resource at the Kusi Gold project and ongoing high-grade epithermal gold exploration at the Ubei project, reflecting a broader focus on Copper-Gold opportunities in the region. The sentiment surrounding these developments leans bullish. On the upside, the technical data and open mineralisation contours point to promising future resource expansion that could add value to the company’s portfolio. However, caution is warranted given the early stage of exploration, the inherent uncertainties in mineral resource development, and the forward-looking nature of the company’s statements. For beginner traders, the recent assay results and the operator’s positive commentary may provide an optimistic signal, while recognizing that further work is needed to fully assess the economic viability of the deposit.

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