At Kincora Copper Limited, our focus is on Mongolia, home of major undeveloped copper-gold deposits and one of the last frontiers for exploration. We are based in Ulaanbaatar, have a year round camp in the Southern Gobi, with a corporate office in Vancouver and are listed on the TSX Venture Exchange.
In late 2016, we completed a transformational transaction to form the dominant landholding in the most prospective areas of the copper belt between and on strike from Rio Tinto’s largest global expansion project, the Oyu Tolgoi mine, and the private Tsagaan Suvarga Serven Sukhait development project. The portfolio and targets included has attracted a first class technical team who are credited with multiple discoveries of Tier 1 copper projects.
Systematic and proven successful exploration techniques are advancing a unique multi-target, multi-stage pipeline up the value curve. Activities in 2017 are anticipated to drill test two high priority target areas that are analogies to the two existing large-scale economic copper projects in the belt. Proof of geological interpretation or visibility of a discovery would likely support significant value add, de-risking activities and attract considerable industry interest.
Following the recent transaction to consolidate the Southern Gobi copper belt, our shareholder register includes High Power Ventures, controlled by High Powered Exploration (“HPX”), Robert Friedland being CEO and Co-Chair of HPX - refer our 24th May’16, 7th Jun’16 and 7th Nov’16 announcements relating to the IBEX transaction for further details.
Kincora Copper has received the acceptance of the TSX Venture Exchange for its previously disclosed private placement of 1,543,720 shares at 34.5 cents per share (gross proceeds of $532,584) and updated on the holding period
Kincora Copper investor Ivanhoe Industries LLC has said that two of its affiliates, HPX Mongolia (Singapore) Pte. Ltd. and GCR Holdings Ltd. (Singapore), have completed the sale of certain assets in Mongolia to subsidiaries of Kincora by way of a merger under the share exchange agreement dated May 24
Kincora Copper has reached the closing milestone for the Ibex transaction in Mongolia after receiving all key Mongolian approvals, and acceptance by the TSX Venture Exchange, with Kincora scrip (share) consideration placed into escrow pending the reregistration of the Ibex licences being achieved