InvestSMART

Bougainville Copper Limited (ASX:BOC)

ALERT: Price-sensitive ASX Announcement for BOC
Current share price for BOC : $0.160 -0.43 (-72.88%)+
Announcement
Release
17 Jun 2026 9:32AM
Price at Release
$0.590
Full Release
download
Summary
Bougainville Copper Limited announced that it received a letter from the Autonomous Bougainville Government's Registrar of Tenements concerning the impact of the Bougainville Mining (Amendment) Act 2026 on its Exploration Licence No. 01 (EL01). The letter indicated that a Large-Scale Mining Lease (LSML-01) had been granted to Bougainville Minerals Limited for 25 years over the same land as EL01, resulting in the suspension and subordination of Bougainville Copper Limited's rights under EL01. The company is currently reviewing the amendment act to verify the stated position and its legal standing, and is considering its subsequent steps while committing to updating the market as appropriate.
Key Points
  • Bougainville Copper Limited received a letter from the Autonomous Bougainville Government's Registrar of Tenements.
  • The letter addresses amendments to the Bougainville Mining (Amendment) Act 2026 and their impact on Exploration Licence No. 01 (EL01).
  • Bougainville Minerals Limited was granted Large-Scale Mining Lease No. 01 (LSML-01) for 25 years over the same land as EL01.
  • Bougainville Copper Limited's rights under EL01 are suspended and subordinated to LSML-01.
  • The company is reviewing the Bougainville Mining (Amendment) Act 2026 to confirm the position and legality.
  • Bougainville Copper Limited is contemplating subsequent actions and will update the market as necessary.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.