Kincora Copper issues 787,500 shares for services
The Mongolia-focused copper explorer will issue the shares at a deemed price of $0.12 each
Company
CVE:KCC
Kincora Copper is an active explorer and hybrid prospect generator led by an industry leading technical team targeting Tier 1 scale discoveries in New South Wales, Australia. With a district-scale portfolio across the Macquarie Arc and Cobar Basin of the Lachlan Fold Belt, the company combines partner-funded exploration, wholly owned discovery opportunities and a capital-efficient strategy designed to create multiple shots on goal.
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The Mongolia-focused copper explorer will issue the shares at a deemed price of $0.12 each
Copper could be the world's most useful metal, but it's still suffering from the global economic uncertainty
Its geophysical surveys at its projects in Mongolia were recently completed on time and under budget, CEO Sam Spring tells Proactive Investors
The work at the East Tsagaan Suvarga and Bronze Fox projects were completed under budget, according to the company
Kincora Copper announced it was issuing shares for service at a price of 13.5 cents to specific directors, officers and service providers
The survey will support existing ground magnetic, gravity and drilling data to refine current targets, Kincora said
A successful drilling of the projects in Bronze Fox should spark the interest of other industry players
McRae led the construction and start-up of the then US$6bn Oyu Tolgoi copper-gold mine
He is currently a director at Tsast Impex, the second-largest construction company in Mongolia
Series of off-market transactions have seen a 28.7% interest and strategic position in Mongolian copper-gold explorer Kincora transition from weak to strong hands, strengthening its existing exploration and expansion strategy. Despite signi
The investment removes the recent stock overhang, the company said
Kincora Copper focuses its exploration efforts on Mongolia, which is home to significant copper/gold deposits
Jackson has extensive experience as a director and finance chief of numerous publicly traded firms in the mining industry
Kincora is a junior resource company with a focus on tier-1 copper-gold projects in the Southern Gobi, Mongolia
The review of the West Kasulu prospect at its flagship Bronze Fox asset supported an exploration target of 416mln to 428mln tonnes, grading 0.26% to 0.30% copper for up to 2,437mln pounds of copper and 0.84mln ounces of gold
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Notably, two zones have been identified within the West Kasulu prospect
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