Kincora Copper Secures Woomera Mining Funding for Mongolia Project; Woomera Soars 33%, Kincora 9%

MT Newswires Live08-12

Kincora Copper (ASX:KCC) entered a binding earn-in term sheet with Woomera Mining (ASX:WML) for the Bronze Fox copper-gold project in Mongolia, the miner said in a Monday filing with the Australian bourse.

Under the agreement, Woomera can spend up to $4 million over five years to earn an 80% interest in the project. It will also have the option to either buy the remaining 20% interest in Bronze Fox for $10 million plus a 1% net smelter royalty, or enter a shareholders agreement where Kincora is carried until a final investment decision is made, the filing said.

Shares of Kincora Copper rose more than 9% in recent trade while those of Woomera Mining jumped over 33%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2458628703?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-12 12:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2458628703","market":"sg","top_or_hot":-1,"title":"Kincora Copper Secures Woomera Mining Funding for Mongolia Project; Woomera Soars 33%, Kincora 9%","media":"MT Newswires Live","content":"<html><body><p> Kincora Copper (ASX:KCC) entered a binding earn-in term sheet with Woomera Mining (ASX:WML) for the Bronze Fox copper-gold project in Mongolia, the miner said in a Monday filing with the Australian bourse.</p><p>Under the agreement, Woomera can spend up to $4 million over five years to earn an 80% interest in the project. It will also have the option to either buy the remaining 20% interest in Bronze Fox for $10 million plus a 1% net smelter royalty, or enter a shareholders agreement where Kincora is carried until a final investment decision is made, the filing said.</p><p>Shares of Kincora Copper rose more than 9% in recent trade while those of Woomera Mining jumped over 33%.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kincora Copper Secures Woomera Mining Funding for Mongolia Project; Woomera Soars 33%, Kincora 9%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKincora Copper Secures Woomera Mining Funding for Mongolia Project; Woomera Soars 33%, Kincora 9%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-12 12:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Kincora Copper (ASX:KCC) entered a binding earn-in term sheet with Woomera Mining (ASX:WML) for the Bronze Fox copper-gold project in Mongolia, the miner said in a Monday filing with the Australian ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KCC.AU","symbol_name":"KINCORA COPPER AUSTRALIA LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2458628703","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2458628703","pubTimestamp":1723437474,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Kincora Copper  entered a binding earn-in term sheet with Woomera Mining  for the Bronze Fox copper-gold project in Mongolia, the miner said in a Monday filing with the Australian bourse.Under the agreement, Woomera can spend up to $4 million over five years to earn an 80% interest in the project. It will also have the option to either buy the remaining 20% interest in Bronze Fox for $10 million plus a 1% net smelter royalty, or enter a shareholders agreement where Kincora is carried until a final investment decision is made, the filing said.Shares of Kincora Copper rose more than 9% in recent trade while those of Woomera Mining jumped over 33%.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"KCC.AU":"KINCORA COPPER AUSTRALIA LTD","BK7095":"多种金属与采矿"},"translate_title":"Kincora Copper为蒙古项目获得Woomera Mining资金；伍默拉飙升33%，金科拉飙升9%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KCC.AU":0.9,"WML.AU":0.9},"content_text":"Kincora Copper (ASX:KCC) entered a binding earn-in term sheet with Woomera Mining (ASX:WML) for the Bronze Fox copper-gold project in Mongolia, the miner said in a Monday filing with the Australian bourse.Under the agreement, Woomera can spend up to $4 million over five years to earn an 80% interest in the project. It will also have the option to either buy the remaining 20% interest in Bronze Fox for $10 million plus a 1% net smelter royalty, or enter a shareholders agreement where Kincora is carried until a final investment decision is made, the filing said.Shares of Kincora Copper rose more than 9% in recent trade while those of Woomera Mining jumped over 33%.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2458628703"}