Kincora Copper

Primary ticker: TSXV:KCC
Stage of development: Exploration
Primary minerals: Copper-Gold
Project to promote: Bronze Fox, East TS and project generation copper-gold projects

Live financials

Kincora is focused on the discovery of the next generation of Tier 1 porphyries in Mongolia and further countercyclical corporate opportunities. The Company has an industry leading technical team, credited with multiple discoveries of Tier 1 copper assets, and a sophisticated shareholder register. Kincora is executing the first modern systematic exploration program across a district-scale landholding in the highly mineralized, but vastly under-explored Southern Gobi copper-gold porphyry belt, which following an oversubscribed C$6.25 million equity raising in June, supports well funded exploration and project generation budget.

Management Profile

Sam Spring, President & CEO, and Technical Committee member

Sam has lead Kincora’s exploration and expansion strategy since 2012. Over this time the Company has been one of the most active copper groups in Mongolia, completed 3 M&A transactions, established an industry leading technical team and restructured the board/shareholder register.
Sam is a CA and CFA Charterholder, and prior to Kincora was recognized as one of the leading European Metals & Mining research analysts, having won the Association of Mining Analysts (UK) Equity Mining Analyst of the Year.
Sam is Vice Chair of the Business Counsel of Mongolia’s Resources & Environment Working Group, and a member of the International Advisory Panel to the Minister of Mining of Mongolia.

What is your rationale for attending 121 Mining Investment?

To provide an update on our ongoing exploration and project generation activities that support Kincora being the most active listed junior seeking to make the next Tier 1 discovery in Mongolia.

What recent news would you like to highlight to investors attending?

Recent phase 1 drilling activities at two key projects:
i. Bronze Fox where successful drilling would likely confirm the announced independently defined large scale exploration target and the first significant copper discovery globally since 2014.
ii. East Tsagaan Suvarga is a brownfield target less than 15km from an open pit construction project with a maiden target testing program designed to drill a number of targets that offer the potential for a Tier 1 scale discovery.
Project generation activity update including the recent application for new strategic exploration license prospective for gold rich copper porphyries.

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Phase 1 exploration results for flagship projects, and project generation activities

6 Months:
Resumption of field activities, with phase 2 activities at flagship projects

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Key risks for Kincora include: geological risk (confirmation or otherwise of our more advanced geological models); sovereign risk (two successful dispute resolutions in the last five years); and, as an exploration company there is always funding risk.

In a sentence, what do you think makes your company such a compelling investment?

In summary “Team, Location, and Targets”. With corporate headwinds addressed, a strong cash position and consolidated/sophisticated shareholder register the Company is in the strongest position since its formation.