Kincora set to regain gold licences in Mongolia

Kincora Copper (CVE:KCC) expects to be handed back both of its gold licences in Mongolia as no other bidders emerged in the recent tender.
The explorer had seen both permits, held by its Golden Grouse subsidiary, annulled along with 104 others in Mongolia due to government concerns over the way they were issued.
The licences were put out for re-tender, but with no other interested parties Kincora expects a final administrative review and process will see it regain both as new with a full 12-year term.
Kincora has already taken a C$6.95mln impairment charge in relation to the licences. Its main asset is the Bronze Fox copper deposit in Mongolia.


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