Kincora Copper (ASX:KCC) is a mineral exploration business focused on the discovery of globally significant copper-gold deposits across its portfolio of 14 projects in New South Wales and Mongolia. The company operates under a ‘project generator’ model where it looks to bring in major mining and “new Tech” companies as technical and funding partners while retaining a stake in the relevant projects should a commercial discovery be made. Kincora Copper President and CEO, Sam Spring, joins Lel Smits from The Stock Network.
1. Objectives of Project Generator Model
Kincora Copper has pivoted its funding model to a prospector or project generator model for your portfolio of porphyry projects. Can you explain what was the reason for this, how this model works, and the potential benefits it delivers for shareholders?
2. Prospectively of NSW projects
Kincora Copper has already secured six partner agreements through the project generator model, with other potential deals in New South Wales under negotiation. Tell us about the prospectively of your copper-gold projects in New South Wales?
3. Ramp up in drilling
In April you announced a new deal with major global mining company AngloGold Ashanti (JSE:ANG, NYSE:AU) which takes the potential partner funding for exploration works across your projects to more than $110 million. Can we now expect to see a ramp up in exploration drilling?
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