Rincon Resources (ASX:RCR) announced financial results for the quarter ended 30 September 2022.
New ?Mammoth? copper-gold target identified within Westin tenements area, 25km SW of the Havieron deposit and 35km SE along strike of the Telfer Gold Mine.
Agreement to acquire new tenement (Wilki Range ? E45/6163) abutting Westin tenement area.
Drilling contractor appointed to test copper-gold targets along Hasties-Grace Trend from November 2022.
Native Title heritage clearance survey completed over copper-gold targets ahead of planned drilling programs within the Westin tenement area.
Technical review of the Hasties Prospect area underway.
Successful application for Exploration Incentive Scheme (?EIS?) grant of up to $150,000 to cofund diamond drilling at the Kiwirrkurra Iron Oxide Copper Gold (?IOCG?) Project.
Ministerial Entry Permit received and now permits Rincon to enter Ngaanyatjarra Central Australia Reserve for the purpose of conducting activities on the project tenements.
Mr David Lenigas was appointed Executive Chairman.
Mr Don Strang was appointed Non-Executive Director.
Capital raising of $1.2M via a placement of 15,000,000 shares at $0.08 per share to fund acquisition and ongoing exploration activities.
Cash balance at the end of the quarter was $1.68M.
Following the announcement the company?s share price unchanged.