The hunt

Kincora Copper has closed an oversubscribed $2.4m placement that has been cornerstoned by a mining-focused family office.

These major porphyry systems occur in a series of deposits and have often been found in a quick succession of discoveries. The capital raising, spearheaded by Morgans Corporate and Bridge Street Capital Partners, was scaled back and comprises a two-tranche placement of 43.6 million shares at 5.5c each. Drilling is scheduled to commence at next month at the brownfield Trundle project. The company is now well funded to advance its next phase of drilling focused on shallow porphyry targets in NSW, in total drilling 13 targets and discovery opportunities across 5 projects. Directors are also adding more skin to the game, collectively contributing over $130,000 to the raising. The money raised in the placement will also be used to fund diamond and reverse circulation drilling at the Condobolin project, diamond drilling at the Nevertire and Nyngan projects and aircore drilling at the Fairholme project. Kincora has made three discoveries at the Trundle project so far and has pinpointed a further five discovery opportunities, with increased confidence in the next phase of drilling driven by recent extensive technical reviews and results to date. [Alkane Resources’ (ASX:ALK)](https://stockhead.com.au/company/alkane-resources-alk/) Boda project, which hosts over 10 million oz gold equivalent, and compares favourably to the 4.5km strike at Northparkes. [Fortescue Metals Group (ASX:FMG)](https://stockhead.com.au/company/fortescue-metals-group-fmg/) owning and exploring the adjacent southern extension (which hosts 5% of the Northparkes Igneous Complex). The Trundle project is estimated to host a quarter of the same mineralised system that hosts the Northparkes mine, with Spring highlighted his belief that “the quantum and nature of the cornerstone support from a very reputable NSW family office and directors’ participation added substance to Kincora’s high conviction for very significant results across the NSW portfolio and potential for major new porphyry discoveries at the Trundle project”. [Kincora Copper (ASX:KCC)](https://stockhead.com.au/company/kincora-copper-kcc/) has secured $2.4m of new cash, in excess of the targeted $1.8m raising, with a NSW based family-office with mining interests committing to $1m of the total.

Speedy recruit Jayden Hunt is energised by the fresh opportunity at West Coast and relishing the opportunity to help mentor some of the exciting next ...

“I come with a bit of experience. The whole place has a positive spin, which is great.” “I view myself as a positive, energetic person. “I think everyone is just really optimistic and excited. It’s been two weeks now so I’m settling a bit and getting to know my surrounds, all my teammates and coaches so much better. It’s been a great two weeks,” Hunt said.

The chancellor's comments come after figures on Monday showed a bounce-back in growth in October but the weakest three-month performance since early 2021.

British Chancellor of the Exchequer Jeremy Hunt leaves the BBC headquarters in London, Britain, November 18, 2022. REUTERS/Henry Nicholls/Files.

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“Like the rest of Europe, we are not immune from the aftershocks of Covid-19, Putin's war and high global gas prices.” “Our plan has restored economic stability ...

About a third of the world's economies are predicted to be in recession either this year or next. Economists described October’s 0.5% per cent growth as a “false dawn” and expect the growth to be short-lived with the economy slumping to negative growth of 0.3% for the three months to October, suggesting the UK is still on course to slide into recession by the end of the year. “Like the rest of Europe, we are not immune from the aftershocks of Covid-19, Putin’s war and high global gas prices.”

UK chancellor Jeremy Hunt said that the UK economy will get better, but it will worsen before that.

The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). Companies generally spend less money, and the number of unemployed people rises when a country is in recession. So the government receives less money from people through tax, which results in less spending on public services like education and health. [economy](/topic/economy)had shrunk further between August and October. Per the statement released by The Further adding that before it gets better, it “will get worse”.

Over the last three months as a whole the economy shrank, with falls seen across services and manufacturing.

Economists described October's 0.5 per cent growth as a “false dawn” with the economy slumping to negative growth of 0.3 per cent on a quartely basis, ...

Rachel Reeves, Labour’s Shadow Chancellor, responding to GDP figures released today, said: “These are challenging economic times, but there is a choice. They said that car sales rebounded after a very poor September while the health sector also saw a strong month, with GP appointments, A&E attendance and the Covid-19 autumn booster campaign all driving up the sector. “While today’s figures show some growth, I want to be honest that there is a tough road ahead,” Mr Hunt said in a statement. Yael Selfin, Chief Economist at KPMG UK said: “While overall UK GDP rose by 0.5 per cent in October, driven in part by the weaker September as a result of the additional bank holiday, we expect it to fall in the final two months of the year.“ [growth](/topic/growth) as a “false dawn” with the economy slumping to negative growth of 0.3 per cent on a quartely basis, suggesting the UK is still on course to slide into recession by the end of the year. GDP fell by 0.2 per cent in the third quarter of the year (June- September) and economists expect an even bigger decline in the final quarter of 2022 - meaning the UK will have entered a recession, defined as two consecutive quarters of negative growth.

Ontario Christian has played for three consecutive Southern Section girls' basketball championships without winning. Chloe Briggs hopes to change that this ...

And so, after the sadness waned, she got herself back in the gym. Briggs entered this season about 800 points away, according to coach Matt Tumambing, from becoming the all-time leading scorer in section girls’ hoops history. As a freshman, she scored 1,216 points, breaking Cheryl Miller’s Southern Section record while at Riverside Poly for most points in a single season. Her sophomore year, it was Division 3-AA, where Ontario Christian lost by seven to Newport Beach Sage Hill in another title game. She stayed at home for a couple weeks, nursing her wounds. Her freshman year, it was in Division 4-AA, where her Knights fell to Menifee Paloma Valley in the Southern Section championship game.