Exploration at Kusi Southwest Opens New High-Risk, High-Reward Targets for LCL
LCL Resources reports exceptional gold, silver, and base metal assay results from new rock chip and trench sampling at its Kusi Southwest prospect, revealing promising exploration potential beneath the Lower Limestone unit. Stream sediment sampling at the Liamu project further highlights new mineralisation targets near Awala South.
- Rock chip assays up to 94.4g/t gold and 1,885g/t silver at Kusi Southwest
- Trench sampling reveals significant gold, silver, lead, and zinc mineralisation
- Discovery of Lower Limestone unit extensions opens new exploration zones
- Stream sediment samples at Liamu show anomalous gold and copper values
- Corporate update: resignation of Joint Company Secretary David McEntaggart
Exploration Breakthrough at Kusi Southwest
LCL Resources Limited (ASX: LCL) has unveiled compelling new assay results from its ongoing exploration activities at the Ono project in Papua New Guinea. The highlight is the Kusi Southwest prospect, where rock chip samples have returned extraordinary grades, including a standout 94.4 grams per tonne (g/t) gold and 1,885 g/t silver from an oxidised breccia associated with the Lower Limestone unit. This discovery confirms the continuation of the Lower Limestone geological formation south of the Ono River, an area previously untested.
Trench sampling has further reinforced the prospectivity of the site, with intervals such as 20 metres at 2.1 g/t gold and 3.1 g/t silver, and shorter but highly enriched zones showing up to 115.7 g/t silver alongside significant lead and zinc percentages. These results suggest a polymetallic system with potential economic significance beyond the already established Kusi Gold Resource, which hosts over 800,000 ounces of gold in the Upper Limestone unit.
Unlocking New Mineralisation Horizons
The identification of mineralised outcrops in the Lower Limestone unit opens a substantial new exploration corridor exceeding two kilometres in strike length. The presence of high-grade gold and silver, coupled with base metals such as lead and zinc, indicates a complex skarn and intermediate sulfidation vein system. Moreover, geophysical data reveal magnetic anomalies beneath the Lower Limestone, interpreted as potential mineralised intrusions analogous to those intersected in previous drilling at Kusi. These features represent attractive targets for future drilling campaigns.
Encouraging Stream Sediment Results at Liamu
Complementing the Kusi findings, LCL Resources has reported promising stream sediment sampling outcomes from the Liamu project, home to the Dada porphyry prospect. The sampling program identified anomalous gold concentrations up to 5,860 parts per billion (ppb) and copper anomalies in drainages near the Movei trend, Berefana area, and notably near the Awala South prospect. The latter area, marked by a previously unprospected hill shedding anomalous sediments, now emerges as a compelling target for porphyry-style mineralisation exploration.
These sediment results underscore the dynamic geological environment of Papua New Guinea, where rapid tectonic uplift and high rainfall contribute to the exposure of fresh mineralised bedrock through landslides, thus enriching stream sediment loads with valuable geochemical signatures.
Next Steps and Corporate Update
LCL Resources plans to advance its exploration efforts with further soil sampling south of Kusi in the second quarter of 2026, aiming to delineate the extent of mineralisation and refine drill targets. Prospecting activities are also anticipated near Awala South to investigate the newly identified porphyry potential, although these are yet to be scheduled.
On the corporate front, the company announced the resignation of Joint Company Secretary David McEntaggart, with Christopher Knee continuing as the sole Company Secretary responsible for ASX communications. This change is unlikely to impact ongoing exploration momentum but is noteworthy for governance watchers.
Bottom Line?
LCL’s latest assays at Kusi Southwest and Liamu hint at a broader mineralised system, setting the stage for a pivotal exploration phase in 2026.
Questions in the middle?
- How extensive and continuous is the mineralisation within the Lower Limestone unit at Kusi Southwest?
- What are the next steps to validate the economic viability of the high-grade silver and base metal zones?
- Will follow-up drilling at Liamu confirm the presence of a new porphyry system near Awala South?
