LCL Resources Secures Increase to Consideration for Colombia Asset Sale; Shares Surge 33%

MT Newswires Live

2025/05/07

LCL Resources (ASX:LCL) said Tiger Gold agreed to increase the total consideration payable for the sale option of its Andes and Quinchia projects in Colombia to AU$14 million, according to a Wednesday filing with the Australian bourse.

Additionally, Tiger Gold and the company agreed to remove the 'Stay Private' option from the option agreement, the filing said.

LCL Resources shares surged 33% in afternoon trade on Wednesday.

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