Kincora Copper's Mongolian Asset Sale Has Potential Value of Up to $10 Million
2026-06-10 10:44
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en.Wedoany.com Reported - Kincora Copper Ltd (TSX-V:KCC, ASX:KCC, OTC:BZDLF) CEO Sam Spring stated that the company's hybrid prospect generator model has yielded results. Partner AngloGold Ashanti has provided approximately $10 million in drilling funding at the project level, while Kincora, as the operator, earns management fees.

Kincora's asset sale in Mongolia, with a total potential value of up to $10 million, is helping the company strengthen its balance sheet and demonstrating the intrinsic value within its portfolio.

At the Cowal East project, Kincora is collaborating with Atomionics to deploy quantum gravity technology to accelerate the targeting of exploration prospects within the highly promising Cowal Igneous Complex. Spring was candid about the exploration targets: "What we are really looking for is a multi-discovery opportunity in a new district." Drilling updates for Cowal East and Condobolin are expected to be released.

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