Copper-gold explorer and hybrid project generator Kincora Copper Limited (ASX & TSXV: "KCC") (Kincora or the Company) is pleased to provide an update on positive drilling results from ongoing exploration programs at two projects in the Northern Junee-Narromine Belt (NJNB). These projects are located in the undercover extension of the Macquarie Arc in NSW and being conducted under earn-in and joint venture agreements with AngloGold Ashanti Australia Limited (AngloGold Ashanti)
HIGHLIGHTS
• A successful first drilling program at the Nyngan project has identified multiple Macquarie Arc composite volcano-intrusive complexes: o Encouraging geology and anomalous assay results support porphyry copper and epithermal gold potential. o Targets resulting from the 1Q'2025 ground gravity survey returned encouraging results, at particularly shallow depths, significantly expanding future search spaces. o A continuation of further scout drilling and/or a Stage 2 step out phase is proposed. • Drilling is ongoing at the highly prospective Nevertire South and Nevertire projects: o The first drilling program at the Nevertire Magmatic Complex (NMC) since Kincora consolidated the tenement ownership supporting a >8km untested strike. o Initial obervations reaffirm Kincora's view that the NMC is the most advanced and geologically prospective porphyry project in the covered extensions of the Macquarie Arc. o Initial seven-hole program ongoing and scheduled for ~2,150 metres. o Planning has already commenced for follow up geophysical surveys given encouraging initial results and scale of the existing system ahead of potential follow up drilling. • Kincora is managing the programs and receives a management fee based on 10% of expenditure. • The Nyngan, Nevertire South and Nevertire projects are included in two earn-in and joint ventures with AngloGold Ashanti who has the right to spend up to A$100 million across a total of five projects covering a continuous strike greater than a 100kms within Kincora's NJNB portfolio.
