Having raised new capital and cleared debts, Kincora Copper chief executive Sam Spring says the Mongolia focused mining group has a ‘new platform’.
He highlights that the company not only has a ‘pretty interesting project’ but it is consolidating the majority of the Southern Gobi copper belt, in southeast Mongolia.
“It is, I suppose, an opportunity for a new Kincora. Hopefully a bigger and better positioned company going forward,” he said.
Whilst highlighting the recently announced deal to take its position to 1,500 square kilometres of the belt, Spring says there’s potential for more world class projects in the area (which already hosts Rio Tinto’s huge Oyu Tolgoi mine).