Woomera Mining Ltd. (AU:WML) has released an update.
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Woomera Mining Ltd. has completed an earn-in agreement with Kincora Copper, launching an ambitious drilling program at the Bronze Fox copper-gold project in Mongolia. Woomera can now earn up to 80% interest by investing $4 million and has already started a diamond core drilling program aimed at expanding resources and obtaining a second mining license. Kincora has benefited from this deal by receiving $100,000, 180 million shares, becoming Woomera’s largest shareholder, and is now able to concentrate on its flagship projects in New South Wales.
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