Click here to read important disclaimer & disclosures Click here to see more about Kincora Copper
Categories:
Mining Stocks
Topics:
Copper Stocks
Kincora Copper (TSX-V: KCC)(OTC: BZDLF) CEO Sam Spring on Discovery Drilling in a Copper & Gold Bull Market
Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the CEO of Kincora Copper (TSX-V: KCC)(OTC: BZDLF), Mr. Sam Spring. Sam, busy, busy time. Definitely not the summer doldrums here in the U.S. coming into conference season and Kincora looks to be catching a bid in the market. How are you, sir?
Sam Spring: Great to have us on. Thank you, Gerardo. It is a busy time, so good to unpack it.
Gerardo Del Real: No, let's kind of go in order, right? You had this private placement that generated lead orders from none other than Mr. Rick Rule and Mr. Jeff Phillips. The structure of that deal was really, really well done in the sense that those shares are going to be escrowed for I believe it was a 12-month period, but you've come out of the bat just absolutely running, and I know a lot of this is work that you've been doing for years, but the market is finally, I believe, starting to catch on to all the catalysts that are coming up. So I figured I'd have you on just to touch on those.
Sam Spring: Yeah, and I think it's great to have had that support from Rick and Jeff sort of picking a diamond out of the rough in terms of where we were and recognition of the deals already in place and getting the structure in place and the capital to really have a proper business model for a 12 to 24-month period. And we're just starting to get at executing. The financing, we had the shareholder meeting just this week, so that 4 million Canadian financing is just going through the final closing stages, as is the share consolidation around that to really tighten up the capital structure to only 43 million shares outstanding.
As you mentioned, there's a 12-month hold, which is pretty unique. The existing free float from the shareholders before that raising, 40% of them are represented on the board, so there's a really tight corporate structure and shareholder structure that we're going to have. But most importantly, the money to be able to get on the ground and really advance these programs, and I think we've been able to talk about what the strategy is, but now with the shareholder meeting and the financing closing, we'll be able to get on and put that money into the ground. And I think that's where the upcoming period’s going to be really exciting as we come out of the summer period.
Gerardo Del Real: Well, you have a lot of eyes on you right now for a couple of reasons. One, the lead order in the financing attracted a lot of names and really quality cornerstone investors, but the other reason you have a lot of eyes on you right now is because there's been some discoveries here in the belt recently that bode well for Kincora and the region. Can you speak to those a bit?
Sam Spring: We certainly have. We are hunting for porphyries in the Macquarie Arc, which is Australia's leading porphyry belt. Within this area, there's been 16 billion of M&A for the producing assets, over 385 million of earn in deals with majors doing exploration and unlocking those programs with juniors. There's been two 10 million ounce gold equivalent discoveries as well, but just in the last month, we've seen a new emerging discovery by Waratah Minerals, its Spur Project. And that's a great analog for our flagship project that we still own 100% of, our Trundle and Fairholme projects. We were actively having conversations with new asset level partners looking to follow this project generator model and timing couldn't have been better for us for that discovery. Just to highlight the parallels with those projects and see the phone ringing from a few inbound majors inquiring about those assets as well.
Gerardo Del Real: What comes next in terms of priority, right? Because there's a lot of irons in the fire and obviously you're cashed up now, so you have the flexibility to do a number of things simultaneously or go one at a time. What's going to be the approach there, Sam?
Sam Spring: Yeah, and the great thing about this project generator model, and I love, Gerardo, a recent interview you did with Rick where he was talking about this model in his experience from what he's invested in previously having a better than three standard generated deviation success rate leading to new discoveries is that this business model lends itself to being scalable, and with the financing that's closing, that means that we can get on the ground and do more work. So that ultimately means more drilling at more projects. We're in these conversations for our flagship projects, looking to bring in new asset level partners, so further deals. There's some opportunistic new ground that we are looking to put our hands on, which we think will have clear strategic value.
So we are really getting on with executing a very clear strategy and business model that was backed by Rick and Jeff and this financing that we did. You may have also seen recently that we've just, in the last week, announced a drilling update from some of the work that we're doing with AngloGold Ashanti at our Northern Junee-Narromine Belt assets where we're getting good results, drilling results at two of those projects. There’s assets that we'll shortly drill. But that's again, a really exciting project and with really positive momentum and clear value parameters out there from other peers. So really we've just got to get on with continue to execute and the ability to close this financing just accelerates that.
Gerardo Del Real: Well, listen, you definitely have a market that's cooperating. We have gold spot price above the $3,415 level. We have copper right around the $4.40 level, both of those with tailwinds. Sam, always great to catch up. A lot going on. I suspect that we will be chatting more frequently here as we get into conference season with the Denver Gold Forum, the Beaver Creek Precious Metal Summit, and the New Orleans Conference in November. A lot to do over the next coming months. I know you'll be busy as well. Thank you so much for your time.
Sam Spring: Fantastic. Thank you, Gerardo.
Click here to see more from Kincora CopperIMPORTANT DISCLAIMER & DISCLOSURES
Resource Stock Digest, as a publisher, is not a broker, investment advisor, or financial advisor in any jurisdiction.
Please do not rely on the information presented by Resource Stock Digest as personal investment advice.
If you need personal investment advice, kindly reach out to a qualified and registered broker, investment advisor, or financial advisor.
The communications from Resource Stock Digest should not form the basis of your investment decisions. Examples we provide regarding share price increases related to specific companies are based on randomly selected time periods and should not be taken as an indicator or predictor of future stock prices for those companies.
Kincora Copper has sponsored this report.
The information in this newsletter does not constitute an offer to sell or a solicitation of an offer to buy any securities of a corporation or entity, including U.S. Traded Securities or U.S. Quoted Securities, in the United States or to U.S. Persons. Securities may not be offered or sold in the United States except in compliance with the registration requirements of the Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.
Any public offering of securities in the United States may only be made by means of a prospectus containing detailed information about the corporation or entity and its management as well as financial statements. No securities regulatory authority in the United States has either approved or disapproved of the contents of any newsletter. Neither Resource Stock Digest nor any employee of Resource Stock Digest is registered with the United States Securities and Exchange Commission (the “SEC”): as a “broker-dealer” under the Exchange Act, as an “investment adviser” under the Investment Advisers Act of 1940, or in any other capacity. Resource Stock Digest, its owners, directors, and employees are also not registered with any state securities commission or authority as a broker-dealer or investment advisor or in any other capacity.
HIGHLY BIASED:
In our role, we aim to highlight specific companies for your further investigation; however, these are not stock recommendations, nor do they constitute an offer or sale of the referenced securities. Resource Stock Digest has received cash compensation from Kincora Copper and is thus extremely biased. It is crucial that you conduct your own research prior to investing. This includes reading the companies' SEDAR and SEC filings, press releases, and risk disclosures. The information contained in our profiles is based on data provided by the companies, extracted from SEDAR and SEC filings, company websites, and other publicly available sources.
Resource Stock Digest, and its owners, directors, employees, and members of their households may own shares of Kincora Copper. Therefore, Resource Stock Digest is extremely biased. Measures are in place such that no shares will be sold during the active awareness campaign.
HIGH RISK:
The securities issued by the companies we feature should be seen as high risk; if you choose to invest, despite these warnings, you may lose your entire investment. You must be aware of the risks and be willing to accept them in order to invest in financial instruments, including stocks, options, and futures.
NOT PROFESSIONAL ADVICE:
By reading this, you agree to all of the following: You understand this to be an expression of opinions and NOT professional advice. You are solely responsible for the use of any content and hold Resource Stock Digest, and all partners, members, and affiliates harmless in any event or claim. While Resource Stock Digest strives to provide accurate and reliable information sourced from believed-to-be trustworthy sources, we cannot guarantee the accuracy or reliability of the information. The information provided reflects conditions as they are at the moment of writing and not at any future date. Resource Stock Digest is not obligated to update, correct, or revise the information post-publication.
FORWARD-LOOKING STATEMENTS:
Certain information presented may contain or be considered forward-looking statements. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in these statements. There can be no assurance that any such statements will prove to be accurate, and readers should not place undue reliance on such information. Resource Stock Digest does not undertake any obligations to update the information presented or to ensure that such information remains current and accurate.