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S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%
Drill Results

Kincora earn-in agreement with Orbminco cancelled

By The Northwire Desk — AI Analysis Sep 22, 2025 · 19:33 KCC · 0.8 Kincora Copper Limited
KCC · Price

Executive Summary

  • Kincora Copper Ltd. re‑secured 100 % ownership of its Mongolian copper‑gold portfolio after Orbminco withdrew from the September 2024 earn‑in agreement.
  • The portfolio includes a JORC‑reported mineral resource estimate for the West Kasulu prospect, a year‑round field camp, and a proprietary Mongolia‑wide project generation database.
  • Kincora outlines near‑term value‑add options such as pursuing a second mining licence for Bronze Fox and conducting fresh mining studies on the existing oxide resource in response to shifting commodity prices.

Key Details

  • Full Rights Secured: Orbminco (formerly Woomera Mining Ltd.) withdrew, leaving Kincora with 100 % ownership of all Mongolian assets.
  • Asset Components:
  • Large JORC‑coded mineral resource estimate & exploration target for West Kasulu prospect (Bronze Fox project).
  • Year‑round White Pearl field camp.
  • Proprietary Mongolia‑wide project generation database.
  • Exploration History & Results:
  • July 2022: Maiden inferred MRE and updated exploration target reported under JORC by Resilience Mining Mongolia Ltd. (open in all directions).
  • Q4 2024: 16‑hole, 2,516 m drilling program confirmed expansion and higher‑grade potential of West Kasulu resource.
  • Q1 2025: Mapping & surface sampling validated historic samples; identified high‑grade copper‑gold extension at West Kasulu and extensive sub‑cropping mineralization at Shuteen North target.
  • Q3 2025: Large IP and gravity geophysical survey identified additional anomalies west of the current resource and at Shuteen North.
  • Potential Corporate Actions:
  • Consideration of self‑financed exploration, third‑party investment, or other corporate initiatives.
  • Near‑term submission for a second mining licence covering the full Bronze Fox project to enable SX‑EW copper cathode production.
  • Fresh mining studies on existing oxide resource reflecting recent commodity price shifts.
  • Legal/Tax Matter: Ongoing defense of a tax assessment related to a 2016 merger; Mongolian Supreme Court hearing scheduled in the coming month.
  • Future Updates: Kincora will provide market updates following any material developments arising from its Mongolian asset portfolio.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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