Key Highlights

  • 51% for A$6m and 3,000m drilling.
  • Option over six licences, 1,147km².
  • 4.8m at 7.1% Cu incl. 3.4m at 9.4%.
  • The three companies reported copper-gold updates.

Three copper-focused explorers reported partnerships and drilling. LCL Resources (ASX:LCL), Kincora Copper (ASX:KCC) and GreenTech Metals (ASX:GRE) each published an update that is covered below.

LCL Resources (ASX:LCL): Earn-in

Rio may earn 51% within five years, then 80%.

Dada porphyry catchments are first; Ubei is reviewed within 12 months.

Kincora Copper (ASX:KCC): Ground

Boree Creek hosts an outcropping Macquarie Arc porphyry system; Corryong is a multi-reef gold target prospective for porphyry, next to a project under an Indigo Metals–Dart Mining deal.

Limited shallow drilling at Dairy Hill gave 48m at 0.35% copper and 0.31 g/t gold. Kincora will drill to validate and extend it; large areas lack modern exploration.

GreenTech Metals (ASX:GRE): Ayshia

26GTDD016 extended mineralisation down plunge; 11 more holes await assays.

An updated resource with gold and silver is targeted.

Why These Updates Could Matter

LCL Resources: Rio funds exploration in stages while LCL dilutes. Kincora Copper: An option lets Kincora choose licences after exploring. GreenTech Metals: The update will test whether drilling adds to 6.2Mt.

The Takeaway

LCL Resources (ASX:LCL), Kincora Copper (ASX:KCC) and GreenTech Metals (ASX:GRE) each issued copper-gold updates, summarised above using the figures in their filings.