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At Kincora Copper Limited, our focus is on Mongolia, home of major undeveloped copper-gold deposits. We are a mining exploration and development company, based in Vancouver, and listed on the TSX Venture Exchange. Our strength comes from a major asset in Mongolia and a management team supported by experienced mining developers and...Read more
John Rickus, chairman of Toronto Venture-listed Kincora Copper (CVE:KCC), says the explorer has outlined a series of "very strong targets" which will be drilled in 2014 and sees signs Mongolia is 'moving in the right direction.'
21/05/2013Sam Spring, President and CEO of Kincora Copper (CVE:KCC), tells Proactiveinvestors that after putting in place a full re-examination of its work last year at Bronze Fox, it is now refining its exploration targets for this year. Sam also discusses the new remuneration structure for company directors.
07/12/2012John Rickus President & CEO at Kincora Copper (TSX-V:KCC) says that the company continues to drill and is consistently finding evidence of copper. The strategy remains to further the drill campaign until it finds a large deposit that it believes is in the region. John says the fact that Mongolian company MAK has just opened a $1bln mine close by gives the team at Kincora encouragement that the company is in the right region.
13/09/2012John Rickus CEO & Sam Spring VP Corporate Development at Kincora Copper (TSX-V:KCC) tell Proactiveinvestors that, with the recent positive exploration results supporting the drill programme, The company will continue exploration to endeavour to locate an economic resource. Sam explains that the good drill results support the potential for a deep high grade porphyry deposit.
Presentations & Company Media
09/12/2011Kincora Investor Presentation December 2011 (Presentation)
09/12/2011Kincora Copper Fact Sheet, December 2011 (Presentation)
09/11/2011Kincora Copper Press Release CEO Appointment October 2011 (Presentation)
09/11/2011Kincora Copper Press Release October 2011 (Presentation)
09/11/2011Kincora Copper Fact Sheet (Presentation)
Related Research & Media
No documents available.
Leveraging our Mongolian and international expertise and track record on the ground, we plan to continue extensive exploration in Bronze Fox in addition to acquiring advanced top quality copper and gold projects in Mongolia. Building a resource portfolio, we aim to move to pre-feasibility work and development of our properties.
Kincora’s ambition is to be the leading listed independent copper exploration and development company in the highly prospective and proven Oyu Tolgoi South Gobi porphyry copper belt in southeast Mongolia. The Company is currently exploring its wholly owned Bronze Fox copper-gold project (license 15000X) that hosts a large and strategically located known mineralised footprint covering over 40km2 of a 223km2 license area, in the centre of the Oyu Tolgoi mineralisation structural trend – refer to the accompanying presentation titled “Exploration in the Oyu Tolgoi Copper belt Mongolia – Overview”, December 2013. Analysis has confirmed a fertile arc for porphyry style deposits with extensive lower grade copper-gold mineralization, with localized areas of higher grade, intersected in many drill holes over the last three years, and localized higher grade, across a 7km strike (open) at Bronze Fox.
Large scale higher grade porphyry deposits seldom occur in isolation, with Oyu Tolgoi (“OT”) being a notable exception, and the South Gobi’s geology and tectonic setting is highly prospective for further world-class discoveries. OT is a world class copper-gold mine already having the third largest copper mineral resource (with significant exploration upside) and one of the lowest life of mine cash costs, due to its large precious metal by product credits. The announcement of the Hugo West discovery in November 2013 (OTD1769: 502m @ 0.54% Cu & 0.32g/t Au) highlights the prospectivity of the OT trend and belt.
Kincora has completed two agreements in the last 24 months with further opportunities being evaluated with a leading knowledge of the regional corridor and in-country team to take advantage of the resumption of new license issuances, noting the current moratorium on the issuance of new exploration licenses that has been in place since April 2010.
The Bronze Fox license is located approximately 250km from the Chinese border and within 140km of two large scale greenfield copper construction projects, OT and Tsagaan Suvarga. Oyu Tolgoi, invested capital to date approximately US$7 billion with current production of 100,000t/day of ore ramping up to potentially 160,000t/day, owned by Rio Tinto, Turquoise Hill Resources minority shareholders and the Government of Mongolia (“GoM”). Tsagaan Suvarga, estimated capex US$1b and target production of 40,000t/day, privately owned by MAK with project finance syndicated by the European Bank of Reconstruction and Development (“EBRD”).
These two large scale greenfield copper projects expected to enter initial production within a 3-year construction period, a proximity unlikely to be achieved within a comparable region anywhere else in the world in the near-medium term. Other significant mines (including Erdenes Tavan Tolgoi) and associated infrastructure (including rail, power and water) are under construction in this immediate region, which is one of the most rapidly developing mining centers anywhere in the globe despite being one of the last underexplored frontiers and a proven productive copper porphyry belt. Such infrastructure construction highlights the South Gobi as a favourable region for project development noting it is comfortably within trucking distance to the world’s largest consumer of copper.
The development of Tsagaan Suvarga (oxide resource 10.64Mt at 0.42% Cu & 0.011% Mo with sulphide resources of 240.1Mt at 0.53% Cu & 0.018% Mo) and Stage 1 Open Pit operations at Oyu Tolgoi (reserve grade 0.49% Cu & 0.36g/t Au illustrates that bulk lower grade operations in the South Gobi can be extremely attractive. Developing regional copper and coal related infrastructure and industrial facilities reduce the barriers to entry under a development scenario and provide for potential win-win commercial agreements.
The rapid advancement of the iron ore province in the Pilbara, Western Australia, provides an advanced roadmap for regional development and M&A for the Oyu Tolgoi South Gobi porphyry copper belt without the significant infrastructure, capital and lead time related barriers to entry. BHPB and Rio Tinto relinquished significant landholdings in the Pilbara during 1990/2000’s due to the ‘use it or lose it’ framework for mineral rights with the current iron ore price cycle beginning its upward trend in 2001/02. Over the last decade this has supported the emergence of Fortescue Metals and a second tier of iron ore exploration/development/producing juniors, resulting a wave of M&A and commercial deals.
The repeal of the copper and gold windfall tax in August 2009 (effective January 2011) and the relinquishment of the majority of Ivanhoe’s original landholding in the South Gobi, which at the time was the largest landholding in the mining industry, provides a very similar, but earlier stage, regional development scenario. Further discoveries and consolidation/M&A in the South Gobi copper belt are highly likely subject to access to capital and political/legislative stability.
This information was last updated December 10th, 2013.
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