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Tiger Gold Exercises Option to Acquire 100% of the Quinchia Gold Project

Tiger Gold secures full ownership of the Quinchía project to accelerate drilling ahead of 2027 engineering studies.

By The Northwire Desk — AI Analysis Jun 09, 2026 · 08:01 TIGR · 0.7 Tiger Gold Corp.

Executive Summary

Tiger Gold Corp. has completed the final staged cash option payment of AUD$4.5 million to LCL Resources Limited, formally exercising its option to acquire 100% ownership of the Quinchía Gold Project and Andes Gold Project in Colombia.
The total cash consideration under the exclusive option agreement is AUD$14 million, comprising AUD$7.5 million already paid and a contingent AUD$6.5 million payable upon achieving specific production milestones.
A 1% net smelter return (NSR) royalty on future gold production from Quinchía is attached to the transaction, subject to a buyback option.
On-site operations are accelerating with over 160 personnel mobilized and three active drill rigs currently defining and expanding the project's Mineral Resources.
The company has also established a fully functioning medical clinic in the Quinchía region as part of its community and ESG initiatives.

Material Impact

The completion of the option exercise is a procedural milestone that removes any lingering uncertainty regarding project ownership. It aligns with the company's stated strategy to consolidate assets ahead of a Pre-Feasibility Study (PFS).
The news is incremental and expected, as staged option payments are standard in junior mining acquisitions. The contingent AUD$6.5 million milestone payment introduces a future cash outflow that must be funded, likely through the recently announced $18 million CAD special warrant offering.
The 1% NSR royalty is a standard industry term and does not materially alter the PEA economics provided in prior releases, though it will impact future free cash flow calculations once production begins.
The acceleration of drilling and workforce mobilization confirms management's execution capability but does not change the fundamental exploration-stage risk profile. The stock reaction is likely to be muted as the market has already priced in the drilling campaign and the imminent financing.

TIGR · Price

Company Overview

Tiger Gold Corp. is an exploration-stage gold company focused on the Quinchía Gold Project in Colombia's Mid-Cauca porphyry belt.
Flagship assets include the Miraflores deposit (Measured & Indicated: 6.1 Mt @ 2.62 g/t Au), the Tesorito deposit (Inferred: 104 Mt @ 0.47 g/t Au), and the Dos Quebradas prospect (historical Inferred: 20.2 Mt @ 0.71 g/t Au).
The project's Preliminary Economic Assessment (PEA) outlines a 10.2-year mine life with average annual production of 138 koz Au and 104 koz Ag, yielding a post-tax NPV (5%) of US$534 million and an IRR of 21.3% at $2,650/oz Au.
The company is currently executing a 20,000-metre diamond drilling program across Tesorito, Ceibal, and Dos Quebradas to expand resources and upgrade confidence ahead of engineering studies.

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