Kincora Copper Ltd V.KCC

Alternate Symbol(s): BZDLF

Metals & Mining Industrial Metals & Minerals

Kincora Copper Limited is a Canada-based mineral exploration company. The Company is engaged in the acquisition and exploration of exploration and evaluation assets. It is primarily focused on the copper-gold discoveries in the gold rich porphyry regions of the Lachlan Fold Belt (LFB) of Australia. The Company projects include Trundle Project, Fairholme Project, Cundumbul Project, Northern Junee-Narromine Belt Projects and Southern Gobi Belt Projects. Its Trundel Project is located approximately 420 kilometers (km) west of Sydney and 61 north-west of Parkes in Central West New South Wales (NSW) and covers an area of 167 square kilometers. Its Fairholme Project is located approximately 440km west of Sydney and 45km northeast of West Wyalong in Central West NSW and covers an area of 169 square kilometers. Its Northern Junee-Narromine Belt Projects include three licenses, which include Nyngan, Nevertire and Mulla, and covers an area of approximately 1,739.5 square kilometers.

TSXV:KCC - Post by User

Kincora Copper Ltd > Kincora consolidates NSW portfolio ownership

<< Previous

Bullboard Posts

Next >>

Post by Betteryear2on Jul 31, 2023 6:24pm

130 Views

Post# 35565668

Kincora consolidates NSW portfolio ownership

Kincora secures 100% interest in all NSW projects
- Acquisition of RareX Limited's ("RareX") carried 35% asset level interests in the Trundle, Fairholme, Jemalong, Cundumbul and Condobolin licenses for 40m Kincora Chess Depositary Interests ("CDIs") and a 1% Net Smelter Return Royalty ("NSR")
Binding commitments for oversubscribed A$2m private placement
- Lead from largest shareholder, Big Ben Holdings Pty Limited, subscribing for 10.4m Kincora CDIs
- Further 30.2m CDIs to be placed with professional and sophisticated investors
Experienced resource executive Jeremy Robinson to join Kincora's board