Lithium
44.03
(0.23%)
Gold
2,656.50
(0.26%)
Copper
4.36
(1.01%)
Oil
71.08
(0.6%)
Bitcoin
65,221.73
(1.28%)
FTSE 100
8,292.70
0.47%
Nikkei 225
40,087.60
0.1%
Dow Jones
43,065.22
0.62%
Iron Ore
107.25
(0.32%)
USD/AUD
0.67
(0.32%)
Hang Seng
20,669.84
(1.79%)
Lithium
44.03
(0.23%)
Gold
2,656.50
(0.26%)
Copper
4.36
(1.01%)
Oil
71.08
(0.6%)
Bitcoin
65,221.73
(1.28%)
FTSE 100
8,292.70
0.47%
Nikkei 225
40,087.60
0.1%
Dow Jones
43,065.22
0.62%
Iron Ore
107.25
(0.32%)
USD/AUD
0.67
(0.32%)
Hang Seng
20,669.84
(1.79%)
Lithium
44.03
(0.23%)
Gold
2,656.50
(0.26%)
Copper
4.36
(1.01%)
Oil
71.08
(0.6%)
Bitcoin
65,221.73
(1.28%)
FTSE 100
8,292.70
0.47%
Nikkei 225
40,087.60
0.1%
Dow Jones
43,065.22
0.62%
Iron Ore
107.25
(0.32%)
USD/AUD
0.67
(0.32%)
Hang Seng
20,669.84
(1.79%)
Lithium
44.03
(0.23%)
Gold
2,656.50
(0.26%)
Copper
4.36
(1.01%)
Oil
71.08
(0.6%)
Bitcoin
65,221.73
(1.28%)
FTSE 100
8,292.70
0.47%
Nikkei 225
40,087.60
0.1%
Dow Jones
43,065.22
0.62%
Iron Ore
107.25
(0.32%)
USD/AUD
0.67
(0.32%)
Hang Seng
20,669.84
(1.79%)
Lithium
44.03
(0.23%)
Gold
2,656.50
(0.26%)
Copper
4.36
(1.01%)
Oil
71.08
(0.6%)
Bitcoin
65,221.73
(1.28%)
FTSE 100
8,292.70
0.47%
Nikkei 225
40,087.60
0.1%
Dow Jones
43,065.22
0.62%
Iron Ore
107.25
(0.32%)
USD/AUD
0.67
(0.32%)
Hang Seng
20,669.84
(1.79%)
Lithium
44.03
(0.23%)
Gold
2,656.50
(0.26%)
Copper
4.36
(1.01%)
Oil
71.08
(0.6%)
Bitcoin
65,221.73
(1.28%)
FTSE 100
8,292.70
0.47%
Nikkei 225
40,087.60
0.1%
Dow Jones
43,065.22
0.62%
Iron Ore
107.25
(0.32%)
USD/AUD
0.67
(0.32%)
Hang Seng
20,669.84
(1.79%)
Lithium
44.03
(0.23%)
Gold
2,656.50
(0.26%)
Copper
4.36
(1.01%)
Oil
71.08
(0.6%)
Bitcoin
65,221.73
(1.28%)
FTSE 100
8,292.70
0.47%
Nikkei 225
40,087.60
0.1%
Dow Jones
43,065.22
0.62%
Iron Ore
107.25
(0.32%)
USD/AUD
0.67
(0.32%)
Hang Seng
20,669.84
(1.79%)
Lithium
44.03
(0.23%)
Gold
2,656.50
(0.26%)
Copper
4.36
(1.01%)
Oil
71.08
(0.6%)
Bitcoin
65,221.73
(1.28%)
FTSE 100
8,292.70
0.47%
Nikkei 225
40,087.60
0.1%
Dow Jones
43,065.22
0.62%
Iron Ore
107.25
(0.32%)
USD/AUD
0.67
(0.32%)
Hang Seng
20,669.84
(1.79%)
Lithium
44.03
(0.23%)
Gold
2,656.50
(0.26%)
Copper
4.36
(1.01%)
Oil
71.08
(0.6%)
Bitcoin
65,221.73
(1.28%)
FTSE 100
8,292.70
0.47%
Nikkei 225
40,087.60
0.1%
Dow Jones
43,065.22
0.62%
Iron Ore
107.25
(0.32%)
USD/AUD
0.67
(0.32%)
Hang Seng
20,669.84
(1.79%)
Lithium
44.03
(0.23%)
Gold
2,656.50
(0.26%)
Copper
4.36
(1.01%)
Oil
71.08
(0.6%)
Bitcoin
65,221.73
(1.28%)
FTSE 100
8,292.70
0.47%
Nikkei 225
40,087.60
0.1%
Dow Jones
43,065.22
0.62%
Iron Ore
107.25
(0.32%)
USD/AUD
0.67
(0.32%)
Hang Seng
20,669.84
(1.79%)
Lithium
44.03
(0.23%)
Gold
2,656.50
(0.26%)
Copper
4.36
(1.01%)
Oil
71.08
(0.6%)
Bitcoin
65,221.73
(1.28%)
FTSE 100
8,292.70
0.47%
Nikkei 225
40,087.60
0.1%
Dow Jones
43,065.22
0.62%
Iron Ore
107.25
(0.32%)
USD/AUD
0.67
(0.32%)
Hang Seng
20,669.84
(1.79%)
Lithium
44.03
(0.23%)
Gold
2,656.50
(0.26%)
Copper
4.36
(1.01%)
Oil
71.08
(0.6%)
Bitcoin
65,221.73
(1.28%)
FTSE 100
8,292.70
0.47%
Nikkei 225
40,087.60
0.1%
Dow Jones
43,065.22
0.62%
Iron Ore
107.25
(0.32%)
USD/AUD
0.67
(0.32%)
Hang Seng
20,669.84
(1.79%)
Lithium
44.03
(0.23%)
Gold
2,656.50
(0.26%)
Copper
4.36
(1.01%)
Oil
71.08
(0.6%)
Bitcoin
65,221.73
(1.28%)
FTSE 100
8,292.70
0.47%
Nikkei 225
40,087.60
0.1%
Dow Jones
43,065.22
0.62%
Iron Ore
107.25
(0.32%)
USD/AUD
0.67
(0.32%)
Hang Seng
20,669.84
(1.79%)
Lithium
44.03
(0.23%)
Gold
2,656.50
(0.26%)
Copper
4.36
(1.01%)
Oil
71.08
(0.6%)
Bitcoin
65,221.73
(1.28%)
FTSE 100
8,292.70
0.47%
Nikkei 225
40,087.60
0.1%
Dow Jones
43,065.22
0.62%
Iron Ore
107.25
(0.32%)
USD/AUD
0.67
(0.32%)
Hang Seng
20,669.84
(1.79%)
Lithium
44.03
(0.23%)
Gold
2,656.50
(0.26%)
Copper
4.36
(1.01%)
Oil
71.08
(0.6%)
Bitcoin
65,221.73
(1.28%)
FTSE 100
8,292.70
0.47%
Nikkei 225
40,087.60
0.1%
Dow Jones
43,065.22
0.62%
Iron Ore
107.25
(0.32%)
USD/AUD
0.67
(0.32%)
Hang Seng
20,669.84
(1.79%)
Lithium
44.03
(0.23%)
Gold
2,656.50
(0.26%)
Copper
4.36
(1.01%)
Oil
71.08
(0.6%)
Bitcoin
65,221.73
(1.28%)
FTSE 100
8,292.70
0.47%
Nikkei 225
40,087.60
0.1%
Dow Jones
43,065.22
0.62%
Iron Ore
107.25
(0.32%)
USD/AUD
0.67
(0.32%)
Hang Seng
20,669.84
(1.79%)
Lithium
44.03
(0.23%)
Gold
2,656.50
(0.26%)
Copper
4.36
(1.01%)
Oil
71.08
(0.6%)
Bitcoin
65,221.73
(1.28%)
FTSE 100
8,292.70
0.47%
Nikkei 225
40,087.60
0.1%
Dow Jones
43,065.22
0.62%
Iron Ore
107.25
(0.32%)
USD/AUD
0.67
(0.32%)
Hang Seng
20,669.84
(1.79%)
Lithium
44.03
(0.23%)
Gold
2,656.50
(0.26%)
Copper
4.36
(1.01%)
Oil
71.08
(0.6%)
Bitcoin
65,221.73
(1.28%)
FTSE 100
8,292.70
0.47%
Nikkei 225
40,087.60
0.1%
Dow Jones
43,065.22
0.62%
Iron Ore
107.25
(0.32%)
USD/AUD
0.67
(0.32%)
Hang Seng
20,669.84
(1.79%)
Lithium
44.03
(0.23%)
Gold
2,656.50
(0.26%)
Copper
4.36
(1.01%)
Oil
71.08
(0.6%)
Bitcoin
65,221.73
(1.28%)
FTSE 100
8,292.70
0.47%
Nikkei 225
40,087.60
0.1%
Dow Jones
43,065.22
0.62%
Iron Ore
107.25
(0.32%)
USD/AUD
0.67
(0.32%)
Hang Seng
20,669.84
(1.79%)
Lithium
44.03
(0.23%)
Gold
2,656.50
(0.26%)
Copper
4.36
(1.01%)
Oil
71.08
(0.6%)
Bitcoin
65,221.73
(1.28%)
FTSE 100
8,292.70
0.47%
Nikkei 225
40,087.60
0.1%
Dow Jones
43,065.22
0.62%
Iron Ore
107.25
(0.32%)
USD/AUD
0.67
(0.32%)
Hang Seng
20,669.84
(1.79%)

Kincora Copper (ASX: $KCC) finalises Mongolian earn-in with drilling to commence

Kincora Copper finalises Mongolian earn-in with Woomera Mining


Kincora Copper Limited (ASX:KCC) has finalized the earn-in and joint venture agreement for its Mongolian assets with Woomera Mining Limited (ASX:WML). Woomera will now commence an aggressive initial drilling program at the Bronze Fox copper-gold project, aiming to test the potential for a shallower higher-grade structural zone and expand the resource base. Woomera has the right to spend up to US$4 million to earn an 80% interest. As part of the agreement, Kincora has received $100,000 in cash payments and will shortly be allotted 180m shares and 180 attaching options in Woomera, becoming Woomera's largest shareholder. This move allows Kincora to focus on its flagship NSW copper-gold projects located in the highly prolific Macquarie Arc and follows the strategy of doing deals with funding and technical partners to unlock the value of the existing project pipeline.

Executive Commentary on the Agreement


Sam Spring, President and CEO of Kincora, expressed excitement about the agreement, stating, 'As Woomera's largest shareholder and retaining a very attractive asset level exposure, we are very excited to be entering what we expect to be a transformational period with a high impact drilling program to commence in early October. This program is expected to achieve a number of very significant value catalysts and highlight Bronze Fox's strategic value as the fourth major porphyry district in the world-class Southern Gobi copper belt.'

Summary of the Announcement


Kincora Copper has finalized an earn-in and joint venture agreement for its Mongolian assets with Woomera Mining, allowing Woomera to commence an aggressive initial drilling program at the Bronze Fox copper-gold project. Woomera has the right to spend up to US$4 million to earn an 80% interest, and Kincora has received $100,000 in cash payments and will shortly be allotted 180m shares and 180 attaching options in Woomera, becoming Woomera's largest shareholder. This move enables Kincora to focus on its flagship NSW copper-gold projects and follows the strategy of doing deals with funding and technical partners to unlock the value of the existing project pipeline. The high impact drilling program is expected to bring significant value catalysts and highlight Bronze Fox's strategic value as a major porphyry district in the Southern Gobi copper belt.

KINCORA COPPER LIMITED
KCC | ASX | Materials
0.0440(+0%)
At close 14/10 (AEDT)
Market cap
$12.0M
Volume
128,049
DY Yield
PE Ratio
52 Week Range
0.026 - 0.071
1YR Return
N / A

0 Comments
Inline Feedbacks
View all comments
Social Media Auto Publish Powered By : XYZScripts.com

Stock Piper AI Index Coming Soon!

Join our Newsletter to gain exclusive insight and be notified once we are live.

By clicking Subscribe, you agree to our Terms & Conditions

ASX News, First And Fast.

Get all the latest market updates straight to your inbox.

By clicking Subscribe, you agree to our Terms & Conditions