17 March 2020
Kincora on a daily basis since late January 2020 has been closely monitoring the development of the novel coronavirus (COVID-19) and its spread globally.
Early preventative measures have been taken to modify how we conduct our business, to protect our staff, contractors and the communities we operate in.
These measures include international and domestic travel restrictions, remote work and supplemental health care, particularly for our Ulaanbaatar based staff.
Health and safety considerations, and appropriate risk assessments, continue to dictate various project generation functions, exploration and marketing activities.
In Mongolia, Canada and Australia we will continue to pay close attention to the rapidly changing landscapes we face and the measures mandated by the National and State provincial governments.
Kincora’s financial position remains favourable, with cash reserves of C$3.5 million at the end of December 2019.
The Company is extremely focused on maintaining a low cash burn, undertaking responsible high impact, value add activities, and following a prudent capital markets strategy in light of volatile and uncertain capital market conditions.
Sam Spring Cameron McRae
President & CEO Chairman
Kincora Copper Ltd.