KCC - Kincora Copper

[System]

Kincora Copper is an active explorer and project generator focused on the discovery of world-class copper gold porphyry associated deposits with the near term ambition to become the leading listed pure play explorer in what the Company believes is one of the most significant gold rich porphyry regions in the world, the Lachlan Fold Belt (LFB) of Australia.

Over the last year Kincora has assembled a strategic and district scale position and project pipeline of early stage to advance walk up drill target projects in areas of the Macquarie Arc with significant exploration potential, within the LFB, in Central West New South Wales.

High priority drilling commenced in April 2020 and continues at the Company's flagship Trundle project within the LFB, with very promising copper and gold results after making an initial near surface discovery, with the first hole returning 51 metres at 1.17 g/t gold and 0.54% copper commencing from only 39 metres depth.

The Trundle project is situated in the same minerals complex as Northparkes, Australia's second largest porphyry mine, and is the only brownfield porphyry project held by a listed junior in the LFB.

Kincora's exploration model applies a robust systematic approach utilising modern exploration techniques supporting high-impact, value add programs underpinned by targets with strong indications for world-class scale potential.

Kincora Copper has corporate offices in Vancouver and Melbourne and is listed on the TSX Venture Exchange under the ticker symbol KCC and is seeking a listing on the ASX.

It is anticipated that KCC will list on the ASX on 30 March 2021.

Home - Kincora Copper

www.kincoracopper.com

 

[Dona Ferentes]

Listing date	30 March 2021 #
Company contact details	Actively Exploring For Globally Significant Copper-Gold Discoveries - Kincora Copper Ltd. (TSX.V: KCC) Kincora Copper is an active explorer and project generator focused on world-class copper-gold discoveries. www.kincoracopper.com Ph: (+1) 604 283 1722
Principal Activities	Mineral exploration
GICS industry group	TBA
Issue Price	$0.20
Issue Type	Ordinary Fully Paid Shares
Security code	KCC
Capital to be Raised	$10,000,000
Expected offer close date	19 March 2021
Underwriter	Not underwritten. Morgans Financial Limited and Bridge Street Capital Partners Pty Ltd (Joint Lead Managers)

 

[Dona Ferentes]

and on time. ... listed today and trading around 25c .

 

[Dona Ferentes]

and the market moved not one jot. 13.5c

Full assay results confirms hole TRDD029 as an important new geological discovery along the southern extension zone at Trundle Park:
o Cumulative gold and copper mineralisation across 196m returned in three skarn zones in TRDD029, including:
• Upper Skarn: 36m @ 0.68 g/t gold and 0.29% copper
• Middle Skarn: 129m @ 0.17 gold and 0.12% copper, including: 34m @ 0.38g/t gold and 0.30% copper

• Assay results for TRDD030, that intersected cumulative skarn of ~250m, along with quartz-carbonate-chalcopyrite vein sets in the Middle Skarn, expected in 3 weeks
• Most recent hole TRDD031 has intersected cumulative skarn of >100m, below potassic alteration within quartz veining comprising tourmaline-bornite-chalcopyrite in volcanics

 

[Dona Ferentes]

KCC has 8 projects covering 2,367km2 strategically located in Australia’s Lachlan Fold Belt with 29,703m of drilling affirming original entry/exploration thesis. Going all-in with pending divestment of Mongolian portfolio.

Focusing on the Trundle deposit in Lachlan fold belt of central West of NSW. Trundle is the only brownfield porphyry project held by a listed junior in this region. Markey cap is under $10 million (is TSX listed as well)

Why porphyry exploration?

• The discovery of a new globally significant porphyry deposit(s) generates significant shareholder returns through the cycle
• Porphyries generally occur in a series of deposits along mineralised trends ... offering multiple discovery opportunity
• Porphyries supply >70% of the world’s copper

now trading down around 6c

 

[Dona Ferentes]

KCC is selling a very seductive story on porphyry copper, at their Trundle prospect. Today, there is a shiny new Update, that is being presented at a London conference.

Now 63c

 

[Dona Ferentes]

and now 7c with a very spiky graph, short term. But an oft seen one over the years. Since listing:

now KCC has 100 per cent of Trundle

RareX agrees to sell 35% interest in NSW portfolio to JV partner to become largest shareholder with 18% of dedicated copper-gold explorer Kincora (KCC).

RareX Limited has agreed to sell its 35% asset level interests in the Trundle, Fairholme, Jemalong, Cundumbul and Condobolin exploration licences in NSW to its Joint Venture partner, Kincora Copper Limited, for consideration comprising 40 million Kincora Chess Depositary Interests (CDIs) and a 1% Net Smelter Return Royalty.

Concurrent with the transaction, Kincora has undertaken an oversubscribed $2m placement with RareX becoming Kincora’s largest shareholder post the placement and transaction with a holding of approximately 45 million shares (18%) in Kincora, comprising 40 million shares issued under this transaction and 5 million already owned by RareX. As part of the transaction, RareX Chairman, Jeremy Robinson, will be joining the board of Kincora.

Consolidating project ownership and removing the existing carried interests increases the strategic value of the NSW project portfolio for all Kincora shareholders. The portfolio already attracts interest from mid-tier and industry majors.

RareX Chairman Jeremy Robinson said: “The time has come to vend our NSW exploration interests to Kincora, clearing the path for a major to take over the funding and add to the exploration of these world-class projects. I look forward to assisting growing Kincora’s portfolio.”

Sale Terms
RareX has executed a conditional agreement with Kincora to sell its carried 35% asset level interests in the Trundle, Fairholme, Jemalong, Cundumbul and Condobolin exploration licences. In consideration, RareX will be issued 40 million CDIs and granted a 1% NSR for the vended licences

 

[greggles]

A lot of positive sentiment surrounding KCC at the moment with an Earn-in and Joint Venture Agreement recently signed with a wholly owned subsidiary of AngloGold Ashanti for the Northern Junee-Narromine Belt Project.

I hope that KCC's share price will make some good gains in the coming weeks with a bullish copper price as a tailwind.