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Kincora Secures New Strategic Ground On Australia's Premier Porphyry Copper-Gold Province

In This Article:

  • Three new wholly owned licenses awarded covering 1,377km2 on Australia's main porphyry copper-gold geological province and named the Nyngan West, Nyngan South and Nevertire South projects

    • Doubles Kincora's position on the Macquarie Arc's Northern Junee-Narromine Belt (NJNB) and provides continuous landholding along >100km strike of the Arc

    • Consolidates the immediate extensions of the Nyngan and Nevertire projects held in earn-in partnership with AngloGold Ashanti Australia (AngloGold Ashanti)

      • AngloGold Ashanti has the right to spend up to A$50 million to earn a 80% interest in the Nyngan and Nevertire projects

    • Nevertire South is the most advanced exploration stage porphyry project within the NJNB district hosting a confirmed Phase 4 Macquarie Arc intrusive complex with broad and open zones of anomalous copper and gold mineralisation

    • Discussions with potential technical and funding partners progressing

  • Fleet Space Technologies Pty Ltd's (Fleet Space) Ambient Noise Tomography (ANT) and gravity geophysical surveys are ongoing and progressing well at the Nyngan project

  • The first ever copper-gold focused drilling program at the northern portion of the Nyngan project will shortly commence with earn-in partner AngloGold Ashanti testing a new district scale with up to eight large intrusive complex targets to be drilled before year end

Melbourne, Australia--(Newsfile Corp. - September 9, 2024) - Kincora Copper Limited (ASX: KCC) (TSXV: KCC) (KCC, Kincora or the Company) is pleased have been awarded the Nyngan West, Nyngan South and Nevertire South projects located within the northern under cover extensions of the Macquarie Arc, in central west NSW, Australia.

Sam Spring, President and CEO of Kincora commented:

"Kincora's strategy to create shareholder value is through obtaining the best ground, concluding commercial deals and making large scale copper-gold discoveries. Recently we have attracted four industry partners and unlocked up to A$60m of multi-year funding.

We are very pleased to have opportunistically secured three bolt-on new projects covering 1,377km2 with clear scale potential and strategic value, now providing Kincora a continuous north-south strike extent of over 100km in the NJNB.

This new ground is adjacent to and on the interpreted extensions of the Nyngan and Nevertire projects where maiden partner funded ground geophysical surveys are already ongoing with Fleet Space, and maiden drilling activities are shortly ramping up in partnership with and funded by AngloGold Ashanti at Nyngan.