Exploration Play in Mongolia Focuses on Promising Targets

Source: Peter Epstein for Streetwise Reports   06/25/2019

Peter Epstein of Epstein Research conducts an exclusive CEO interview with Sam Spring of Kincora Copper.

Kincora Copper Ltd. (KCC:TSX.V) fell off investors’ radar screens due to an extended period of inactivity in 2018, but now the company is cashed up, team in place, and ready for extensive drilling at five independent, large-scale porphyry targets with a 12-month funded budget for up to 18,000 meters (18,000m) of drilling.

Kincora has been operating in Mongolia for more than eight years. In 2016, the company secured unencumbered access to its promising Bronze Fox project and consolidated the dominant landholding in the Southern Gobi copper-gold belt, between and on strike with Rio Tinto Plc’s (RIO:NYSE; RIO:ASX; RIO:LSE; RTPPF:OTCPK) Oyu Tolgoi (OT) copper-gold mine, and the Tsagaan Suvarga porphyry project, via the merger with IBEX, a private vehicle indirectly controlled by Robert Friedland.

This attracted a world-class technical team, credited with multiple discoveries of Tier 1 copper deposits, looking to repeat such successes. Since then, the company has been executing the first modern systematic exploration program across a district-scale landholding in a highly mineralized, but vastly underexplored copper-gold porphyry belt. Now, drilling is just days away.

These are exciting times for Kincora, the most exciting in the company’s history. The company is in a prime position in the copper sector where new discoveries are being well rewarded and successful juniors acquired at significant premiums. For example, just this week Australian-listed MOD Resources was taken out by a billion-dollar market cap, Sandfire Resources NL (SFR:ASX).

A new cornerstone investor, Hong Kong-based New Prospect, now the second largest shareholder with about 12% of the company, is a natural resource specialist fund with an extensive global network. LIM Advisors remains the largest investor: One of the longest operating alternative investment managers in Asia, they invest across the capital structure in deep value and special situations.

Investors in small-cap natural resource stocks know that the best time to be in a junior is right before a big discovery. That’s the time we could be at right now with Kincora. Management just raised $6.25 million ($6.25M). Will there be a new discovery! More than one!! None!!! Yes, there could definitively be zero new discoveries. . .This is a highly speculative situation, but backed by a team that has an excellent track record of large discoveries.

( Companies Mentioned: KCC:TSX.V, )