Kincora Secures Funded Option Over Lightning Minerals’ Lachlan Fold Belt Licences
Closing price · 2026-10-26: $0.850 · -8.60%
Kincora Copper has secured an exclusive nine-month option to acquire all or selected licences from Lightning Minerals’ six-licence Lachlan Fold Belt portfolio, with the option already delivering a non-refundable cash fee and Kincora covering costs, including a minimum diamond-drilling commitment. The deal offers up to approximately A$450,000 in total consideration, but most of that is conditional, and no licences have transferred. For Kincora, the option adds a potential project opportunity in a district where it is already active.