- Kincora Copper (KCC) submits an application to the NSW Government for the Mulla Project in the Lachlan Fold Belt
- The project covers a 616-square-kilometre area, which has seen very limited exploration over the last 20 years
- Two broad target zones were identified which are believed to contain anomalous gold and molybdenum
- If and when the application is granted, Kincora Copper’s landholding in the region will increase to 1761 square kilometres
- Kincora Copper’s shares are trading steady at 30 cents at 10:37 am AEST
Kincora Copper (KCC) has submitted an application to the NSW Government for a new exploration licence in New South Wales.
The exploration licence makes up the Mulla gold-copper-porphyry project which covers a 616-square-kilometre area. It’s located in the under-explored section of the Junee-Narromine Belt of the Lachlan Fold Belt.
The Mulla Project was previously owned by Burdekin Resources, which conducted an eight-hole shallow drilling program which highlighted two broad hydro-geochemical target areas with anomalous gold and molybdenum values.
However, after the Bre-X mining scandal in the late 1990s, the project hasn’t been explored.
“The Mulla Project hasn’t been drill tested since pre-Bre-X, with two broad target zones already identified for follow-up activities,” President and CEO Sam Spring said.
“Mulla adds to the company’s project pipeline in Australia’s leading porphyry belt at a time of increasing neighbouring ground pegging and drilling activities. Only in the last few weeks we have seen significant land grabs in the belt from majors and juniors alike.”
Also located in the Junee-Narromine Belt is the company’s Nyngan Project where drilling is ongoing and the Nevertire Project.
If and when the exploration licence is granted, Kincora Copper will have a landholding of about 1761 square kilometres which comprises the Mulla, Nyngan and Nevertire projects.
Kincora Copper’s shares were trading steady at 30 cents at 10:37 am AEST.