Business
Kincora commences external strategic review process for Mongolian copper-gold portfolio
Kincora commences external strategic review process for Mongolian copper-gold portfolio ...
About this update from Kincora Copper Limited
[{"type":"text","content":"\n \n \n \n Kincora commences external strategic review process for Mongolian copper-gold portfolio\n \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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbbb0{\nBORDER-BOTTOM:black 0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n MELBOURNE, Australia\n \n \n ,\n \n \n June 6, 2023\n \n \n /CNW/ - Kincora Copper Limited (ASX: KCC) (TSXV: KCC\n \n )\n \n , (\n \n Kincora\n \n or\n \n the Company\n \n ) wishes to advise of the receipt of several unsolicited enquiries from corporate and other entities expressing interest in the Company's wholly owned Mongolian asset portfolio.\n \n \n Given this interest, the Board of Kincora has decided to undertake an externally lead strategic review process of the Company's Mongolian asset and license portfolio with the view of maximising shareholder value. This review process will consider a range of potential partnering, funding and other asset initiatives.\n \n \n Assets within the portfolio include:\n \n \n \n a large Mineral Resource Estimate and Exploration Target reported under the JORC Code by Resilience Mining Mongolia Limited\n \n 1\n \n for the West Kasulu prospect, which includes a small portion of one of three extensive, from surface and underexplored copper-gold intrusive complexes (the majority hosted on an existing 30-year mining license);\n \n \n a year-round field camp; and,\n \n \n a proprietary\n \n Mongolia\n \n wide project generation database.\n \n \n \n Further details are provided in an Appendix to this release.\n \n \n Different commercial options are being considered. The Company h...