Business
Kincora closes agreement with RareX
Kincora closes agreement with RareX Canada NewsWire VANCOUVER, March 19, 2020 ...
About this update from Kincora Copper Limited
[{"type":"text","content":"\n\n\n\nKincora closes agreement with RareX\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, March 19, 2020\n\n\n\nDefinitive agreement completed with RareX Limited for New South Wales located copper-gold assets Kincora's portfolio in the Lachlan Fold Belt includes a district scale land package and industry leading proposition of copper-gold targets Near term drilling planned at the brownfield Trundle project  Favorable year-end cash position of $3.5 million VANCOUVER, March 19, 2020 /CNW/ - Kincora Copper Ltd. (the \"Company\", \"Kincora\") (TSXV:KCC) is pleased to provide an update on its activities in the Macquarie Arc of the Lachlan Fold Belt (\"LFB\"), Australia's foremost porphyry region. \nLegal and technical due diligence and definitive agreements have been completed with RareX Limited (\"RareX\"), and consideration paid, as per the binding Memorandum of Understanding (\"MoU\") announced January 30th, 2020.\nKincora has a controlling interest across a 1,732km2 land position in the key belts of the Macquarie Arc, with confirmed strategic appeal and pipeline of targets being systematically advanced. This includes the flagship Trundle project, the only brownfield porphyry project held by a listed junior in the Lachlan Fold Belt, located less than 30km from the China Molybdenum Company (CMOC) operated Northparkes copper-gold mine, which has total endowment (past production and current resources) of over 20Moz gold-equivalent1.\nSam Spring, President & CEO, commented: \"Kincora is well positioned and funded for high impact, value add drilling at a number of the most compelling drill targets in Australia's foremost porphyry belt, a belt that has recently attractive considerable investment and positive re-rating of active exploration peers. \nThis will shortly commence at the brownfield Trundle project, which sits within the same system as Australia's second largest porphyry mine (Northparkes) with demonstrated similar and extensive mineralisation. \nDetails of the upcoming program are...