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Kincora Copper ( (TSE:KCC) ) has shared an update.
Kincora Copper, in collaboration with AngloGold Ashanti, has expanded its first drilling program at the Nyngan project following promising initial results. The ongoing exploration has revealed district-scale deposit potential with notable copper and pathfinder mineral occurrences. The program has been extended to include up to twenty drill holes, supported by a ground gravity survey. Kincora is managing the programs and AngloGold Ashanti may invest up to A$50 million to secure an 80% stake in the projects, indicating significant confidence and potential impact on operations and industry positioning.
More about Kincora Copper
Kincora Copper Limited is a company in the mining industry, focusing on exploration and development of copper-gold resources. Its primary operations are concentrated in the Nyngan and Nevertire porphyry projects in New South Wales, Australia, under an earn-in and joint venture agreement with AngloGold Ashanti.
YTD Price Performance: -16.67%
Average Trading Volume: 61,026
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$7.11M
Learn more about KCC stock on TipRanks’ Stock Analysis page.
