Woomera Mining Ltd. (AU:WML) has released an update.
Kincora Copper Limited has entered into an agreement with Woomera Mining Ltd., allowing Woomera to earn up to an 80% interest in Kincora’s Bronze Fox copper-gold project in Mongolia by investing US$4 million over five years. Kincora will become Woomera’s largest shareholder and receive monetary compensation, while the deal enables Kincora to concentrate on its core projects in New South Wales. This partnership aims to leverage Woomera’s resources for substantial exploration and development activities in the Southern Gobi copper belt.
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