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Bougainville Copper Limited (ASX:BOC)

ALERT: Price-sensitive ASX Announcement for BOC
Current share price for BOC : $0.175 -0.025 (-12.50%)+
Announcement
Release
30 Jun 2026 2:58PM
Price at Release
$0.200
Full Release
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Summary
Bougainville Copper Limited (BOC) announced an update regarding its Exploration Licence EL01 in response to the Bougainville Mining (Amendment) Act 2026. The company received a letter from the Autonomous Bougainville Government confirming the grant of Large-Scale Mining Lease No. 01 (LSML-01) to Bougainville Minerals Limited for a 25-year term. This lease covers the same area as BOC's EL01, resulting in the suspension and subordination of BOC’s rights under EL01 for the duration of the LSML. In response, BOC plans to form a director committee to evaluate legal and strategic steps moving forward due to the new legislative implications. Further market updates will be provided when appropriate.
Key Points
  • Bougainville Copper Limited received a letter regarding EL01.
  • Bougainville Mining (Amendment) Act 2026 impacts BOC's licence.
  • Large-Scale Mining Lease No. 01 granted to Bougainville Minerals Limited.
  • BOC's EL01 rights suspended and subordinated to LSML-01.
  • BOC to form a director committee for legal and strategic evaluation.
  • Further updates to the market will be provided as needed.
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.