LCL receives Forest Use Permit for Miraflores Gold Deposit, Colombia

Project Name: Quinchia Gold Project
Project Location: Colombia
Project Stage: Advanced Exploration

ProjectBank Summary:
LCL Resources Ltd (ASX: LCL) is pleased to announce that it has received the Forest Use Permit for the Miraflores Gold Deposit, part of its Quinchia Gold Project in Colombia. This represents a major milestone in the final approval process for the development of the Miraflores gold deposit.

LCL Resources Highlights:

• Forest Use Permit granted for the Miraflores Gold Deposit, a key milestone for project development.

• The permit approval follows the receipt of the Environmental Licence in October 2023.

• The Quinchia Gold Project includes established Mineral Resources of 2.6Moz @ 1g/t Au from three deposits: Tesorito, Miraflores, and Dosquebradas.

• Recent corporate activities in Colombia indicate a favorable environment for investment in gold mining and exploration.

MD/CEO Statement:
Ross Ashton, Executive Chair, commented: "The granting of the Forest Use Permit is a significant step forward for the Miraflores Gold Deposit. This milestone brings us closer to developing this high-grade deposit and highlights the potential of the Quinchia Gold Project. We look forward to advancing our exploration and development activities and generating value for our shareholders."