Los Cerros

What Los Cerros does

LCL Resources (ASX: LCL), historically known as Los Cerros, is an ASX-listed mineral exploration and resource development company headquartered in Perth, Western Australia. Its portfolio targets gold, copper, and nickel across two jurisdictions: the advanced Quinchia Gold Project in Colombia (100%-owned, 10,500 hectares, 2.6Moz gold resource including the Miraflores deposit with completed Definitive Feasibility Study, plus Tesorito and Dosquebradas Resources) and an exploration pipeline in Papua New Guinea comprising the Ono/Kusi copper-gold project, the Veri Veri nickel project, and other PNG targets. The core technology is conventional mineral exploration and resource definition, with no proprietary software, AI, or processing technology disclosed.

The company generates revenue through the extraction and sale of gold, copper, and nickel to off-takers, smelters, and mining counterparties, although the source material explicitly states that revenue is not publicly disclosed and the company appears to remain in a pre-production, exploration-funded phase. Its go-to-market is structured around public market investor relations — ASX announcements, investor presentations, webinars, email alerts, and third-party research commentary — rather than a product sales motion. The customer base is described at a segment level as the mining and resources sector, with no named offtake counterparties, and ESG and community employment programs are positioned as a core part of the operating model to maintain social licence in Colombia and PNG.

Name

Los Cerros

Legal name

LCL Resources

Website

https://loscerros.com.au

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

LCL Resources (ASX: LCL) is a Perth-headquartered mineral exploration company developing a multi-commodity gold, copper and nickel portfolio across Colombia and Papua New Guinea, anchored by the 100%-owned 2.6Moz Quinchia Gold Project.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industries

Copper Exploration & Resource Development (IMAKADAA), Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

Keywords

• Gold mining exploration
• Copper exploration projects
• Nickel exploration assets
• Mineral resource development
• Mining exploration services

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure

Revenue model

1. Mineral extraction and sale: Revenue generated through extraction and sale of gold, copper, and nickel from mining projects in Colombia and Papua New Guinea.

Distribution channels1 record

Marketing channels5 records

Core offering

Los Cerros is a mineral exploration and resource development company that explores for and develops gold, copper, and nickel resources, primarily through its Quinchia Gold Project in Colombia (including the Miraflores Gold Deposit and Tesorito Gold Porphyry) and through the Ono Gold Project and PNG Nickel/Veri Veri nickel-laterite asset in Papua New Guinea. The company's primary product is in-situ mineral resources, with the longer-term output being saleable gold (and base-metal) concentrate or doré from a future mining operation.

Product overview

LCL Resources is a mining exploration company operating a portfolio of mineral resource projects in Colombia and Papua New Guinea. The company's primary asset is the Quinchia Gold Project (100% owned), which encompasses the Miraflores deposit with completed Definitive Feasibility Study, along with Tesorito and Dosquebradas Resources totaling 2.6Moz gold across 10,500 hectares. The company maintains a diversified exploration pipeline in PNG focused on copper/gold (Kusi/Ono Project) and nickel (Veri Veri) targets. The product portfolio represents physical mining assets rather than software or technology offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Quinchia Gold Project Multi-deposit gold (and copper) project in the Quinchia district of Colombia, hosting the Miraflores Gold Deposit and the Tesorito Gold Porphyry. It is being advanced toward mining development and is the company's flagship asset. Targeted at future gold (and copper) off-takers and the resource investment community.
• Miraflores Gold Deposit Advanced gold deposit within the Quinchia Project in Colombia, with a completed Definitive Feasibility Study. The intended product is saleable gold (doré or concentrate) for delivery to gold off-takers and smelters once in production.
• Tesorito Gold Porphyry Gold (and copper) porphyry deposit within the Quinchia Project in Colombia, representing a larger-scale, lower-grade development option alongside Miraflores. Aims to produce gold and copper concentrate for smelter off-takers.
• Ono Gold Project (PNG) Gold exploration project located in the Ono-Kusi region of Papua New Guinea, being advanced through a partner-funded arrangement with Tigers Gold Minerals. Intended output is gold concentrate or doré for off-takers.
• PNG Nickel / Veri Veri (Nickel Laterite) Nickel-laterite exploration asset in Papua New Guinea, included in the Tigers Gold Minerals option / joint venture over Los Cerros' PNG assets. Intended product is nickel ore or concentrate for nickel processing off-takers.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves2 records

Expansion highlights5 records

Direct peers

• SolGold: Copper-gold explorer focused on the Cascabel project in Ecuador; highly comparable as a Latin American junior gold/copper explorer with a flagship advanced-stage asset.
• Cordoba Minerals: Colombia-focused gold and copper explorer with the San Matias project; directly comparable to LCL's Quinchia Gold Project in commodities, geography and development stage.
• Aris Mining: Colombia-based gold producer (formerly Gran Colombia Gold) operating the Segovia and Marmato mines; directly comparable Colombian gold counterparty with both producing and development assets.

Broad incumbents

• B2Gold: Mid-tier gold producer with a major operating presence in PNG (Ok Tedi, others); establishes the production benchmark for gold mining in PNG where LCL's Kusi project is located.
• OceanaGold: Intermediary gold and copper producer with active operations in PNG (Hidden Valley) and other jurisdictions; relevant for operational and valuation benchmarking of PNG gold assets.
• Pan American Silver: Major precious metals producer with operations across the Americas; relevant incumbent comparator for evaluating strategic interest in advanced Colombian gold assets.
• St Barbara: Australian-listed gold miner, providing a domestic incumbent benchmark for ASX-listed gold companies and a potential strategic acquirer for advanced gold projects within Australia-listed peers.
• Newcrest Mining / Newmont: Major gold mining incumbents; Newcrest operated Lihir in PNG, and the combined Newmont entity is a key strategic acquirer of advanced gold projects comparable to LCL's Miraflores.

Emerging players

• Horizonte Minerals: Nickel-focused developer with projects in Brazil; comparable as a nickel-exposed LSE/TSX-listed junior, relevant to valuing LCL's Veri Veri nickel optionality.

Regional players

• Horizon Minerals: Australian-listed junior gold and nickel explorer; comparable in size and stage, providing a market-multiple benchmark for LCL's multi-commodity junior profile.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/los-cerros-limited

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Los Cerros