KCC.V · 2022-03-15 12:00:00

Further confirmation of new discovery and broad intervals at Trundle Park Full assay results confirms hole TRDD029 as an important new geological discovery along the southern extension zone at Trundle Park : Cumulative gold and copper mineralisation across

Drill Results

Further confirmation of new discovery and

broad intervals at Trundle Park

Full assay results confirms hole

TRDD029 as an important new geological discovery along

the southern extension zone at Trundle Park

Cumulative gold and copper mineralisation across

196m

returned in three skarn zones in

TRDD029, including:

Upper Skarn

36m

@ 0.68 g/t gold and 0.29% copper

Middle Skarn

129m

@ 0.17 gold and 0.12% copper, including:

34m

@ 0.38g/t gold and 0.30% copper

Assay results for

TRDD030,

that intersected

cumulative skarn of ~250m, along with quartz-

carbonate-chalcopyrite vein sets in the Middle Skarn,

expected in

3 weeks

Most recent hole

TRDD031

has intersected

cumulative skarn of >

100m

, below potassic

alteration within quartz veining comprising tourmaline-bornite-chalcopyrite in volcanics

Tabular, bedded, mineralised skarn system across three zones

confirmed over

240m

strike

(and open)

, with estimated

true width of up to

120m

Skarn mineralization

and

quartz sulphide veining

in overlying volcanics from holes

TRDD029, TRDD030 and TRDD031 provide

important geological and mineral vectors

for

the targeted

causative intrusive porphyry source

Hole

TRDD032

commenced

following up these vectors which are coincident with a wider north-

south mineralised corridor and magnetic low

Air-core drilling program of 50 holes for 1,550 metres complete, testing the wider

intrusive complex and extent of identified anomalous copper-gold mineralisation at open

pit target depths to the north of Trundle Park

MELBOURNE, Australia

March 15, 2022

/CNW/ - Kincora Copper Limited (the Company, Kincora)

(TSXV: KCC) (ASX:KCC) is very pleased to provide an exploration update from ongoing drilling at

Trundle Park prospect situated at the brownfield Trundle project, located in the Macquarie Arc of the

Lachlan Fold Belt (LFB) in NSW,

Australia

John Holliday

, Technical Committee chair, and

Peter Leaman

, VP of Exploration, noted:

"Full assay results for TRDD029 confirm a new geological discovery in the southern

extension zone at Trundle Park, with two encouraging broad intervals of higher gold and

copper tenor in skarn beds typical of Macquarie Arc porphyry copper-gold systems.

Also, most recent hole TRDD031 has added to our understanding of this southern extension

zone. We have now intersected a tabular, bedded, mineralised skarn system across a

strike of over

240m

with Upper, Middle and Lower skarns in three holes. Widths, alteration

and visual mineralisation of these skarn zones are providing vectors for follow up drilling.

These results are very encouraging that we are lateral to and near the margin of the

primary target, the ore discovery we are after, which is a higher-grade, large porphyry

deposit.

As we await assay results for TRDD030 and 31 we continue to systematically explore out

from this new southern extension discovery zone, which remains open in all directions.

Hole TRDD032, a

150m

step-out to the south-east is in progress."

Ahead of the upcoming 121 Mining Investments APAC online conference an updated corporate

presentation, including further details on the Trundle project and recent drill results, is available at

www.kincoracopper.com

Figure 1:

Section and working interpretation of the Trundle Park southern extension zone

LHS

Cross section of a tabular, bedded mineralised skarn system confirmed across three zones

over a >

250m

strike (and open in all directions) and quartz sulphide veining in holes TRDD029,

TRDD030 and TRDD031 at Trundle Park. Hole TRDD032 in progress stepping out

150m

to the SE

following up coincident vectors.

RHS

Conceptual and illustrative setting of the Trundle Park southern extension zone relative to the

Macquarie Arc porphyry model with a targeted causative intrusive porphyry source being at a lateral

setting (similar to the Big Cadia skarn to

Cadia Quarry

Assay results for drill hole TRDD029 and visuals of TRDD031

Full assay results for hole TRDD029 confirm an important new geological discovery with the

southern extension zone at the Trundle Park prospect. Gold and copper mineralisation was returned

across a total of

196m

covering three separate tabular skarn zones, including higher gold and

copper tenure in the Upper and Middle Skarn zones. This is very encouraging and significant in the

context of the Macquarie Arc. Assay results are included in Tables 1 and 2.

Table 1:

Trundle Park target hole TRDD029 – Summary of skarn zone intervals

Previously reported, January 24th, 2022,

"Newly Discovered Higher-Grade Zones Expand the Large-Scale Gold-Copper System at Trundle Park"

Full summary of significant mineralised intervals from TRDD029 available in Table 2

Most recent hole TRDD031 has intersected the three skarns zones; the Upper, Middle and Lower,

as did TRDD029 and TRDD030, with a cumulative mineralised interval across these skarn zones of

over

100m

. The three holes to date in the southern extension zone have confirmed a tabular,

bedded, multiple zone mineralised skarn system confirmed across over

240m

strike with estimated

true width of up to

120m

(the Middle Skarn in TRDD030). The southern extension zone remains open

in all directions.

Hole TRDD030 intersected cumulative skarns of over

250m

, with quartz-carbonate-chalcopyrite vein

sets in the Middle Skarn with assay results expected in 3 weeks.

Similar to previous holes TRDD029 and TRDD030, there is representation of copper sulphides

associated with prograde skarn development in hole TRDD031. These are generally characterised

by garnet-magnetite-pyrite-chalcopyrite, mainly within the Middle Skarn and also present to a lesser

extent in the Upper Skarn zone (the latter which appears to have pinched out in hole TRDD031).

The width, alteration and visual mineralisation of the respective three skarn zones from hole

TRDD029, TRDD030 and TRDD031 are providing insights to the interpreted fluid pathways from the

primary source, and targeted causative porphyry intrusion.

While TRDD031 didn't intersect the anticipated quartz-carbonate-chalcopyrite vein sets that holes

TRDD029 and TRDD030 did, it returned the first indications of tourmaline occurring along quartz

veinlets along with blebs of bornite and/or chalcopyrite, and from a relatively shallow depth (first

noted at

285m

down hole). This zone was hosted in silica-magnetite altered pebbly volcanoclastic

rocks, and is believed to explain the magnetic high anomaly the hole drilled tested.

At this stage, there are no intersected intrusions identified in TRDD031 to help explain these higher

temperature minerals (tourmaline and bornite) and no deeper intrusions to explain the significant

chalcopyrite and magnetite in the various skarn horizons. This setting of sulphide veining in upper

volcanics supports the working interpretation of targeted causative intrusive source being on a lateral

setting – see Figure 1 for the section and working interpretation of the Trundle Park southern

extension zone.

The skarn zones and quartz sulphide veining in the overlying volcanics from holes TRDD029,

TRDD030 and TRDD031 provide important geological and mineral vectors for the targeted causative

intrusive porphyry source. The large mineralised skarns and vein systems are suggestive of

significant primary source.

Hole TRDD032, a

150m

step-out to the south-east, is in progress following up these vectors, which

are coincident with the wider southern mineralised trend corridor and magnetic low.

Figure 2:

Significant new mineralised zones and extension – the wider Trundle Park system

covers a

∼

1.3 km strike and open

(a)

Plan view of Trundle Park prospect, multiple visually significant mineralised zones in holes TRDD029, TRDD030 and TRDD031 - see Figure 2 (b) & (c) for sections

(b)

Only three holes in but clear scale potential emerging in southern trend extension discovery zone

Working Leapfrog alteration model and section of the Trundle Park prospect

(Section line looking southeast through Figure 2 (a). Length ~1450m and width ~600m)

(c)

Key alteration, lithology in TRDD029/30/31 and intrusions with significant mineralised

intervals/holes - vectors to causative intrusive porphyry target

Illustration TRDD032 target: Section line looking southeast through Figure 2 (a). Length ~1450m and width ~600m

Figure 3:

Examples of key mineralised zones and vectors from hole TRDD031

Volcanoclastic (pebbly) rocks with silica-magnetite alteration (dark-grey) with patchy epidote alteration (lime green), from 282m. Lower photo: close up @ 285m showing a

bleb of purple bornite associated with epidote-quartz after K-feldspar (red-orange). Assay results pending.

ii.

Volcanoclastics (pebbly) with early silica-magnetite alteration over printed by patchy epidote (Ep, lime green) & K-feldspar (Kfs, orange-red) alteration from 327m. Lower

photo: close up @ 330.6m with bleb of bornite (Bn, purple) associated with epidote (Ep)-quartz (Qt) after K-feldspar (Kfs, red-orange) & tourmaline (T, black). Assay results

pending.

iii.

Volcanoclastics (pebbly) with early silica-magnetite alteration over printed by patchy epidote (Ep, lime green) & K-feldspar (Kfs, orange-red) alteration. Lower photo: close

up @ 334m with bleb of chalcopyrite (Cpy, yellow) associated with epidote (Ep)-quartz (Qz) after K-feldspar (Kfs, red-orange) & tourmaline (T, black). Assay results

pending.

iv.

Middle Skarn (prograde) with magnetite (Mag, >50%)- garnet (Gn, olive)-minor pyrite & disseminated chalcopyrite, cut by later carbonate-quartz veins-with chalcopyrite (Cpy)

from 777.4m. Assay results pending.

Middle Skarn (medial) bands of alternating garnet (Gn, tan-brown), prehnite (light blue-green) & patchy magnetite (Mag, grey-black) cut by later retrograde quartz-carbonate-

orthoclase-hematite veins & void fillings containing pyrite & chalcopyrite (Cpy) from 798m. Assay results pending.

Air-core drilling completed

As previously announced

, a second rig had been mobilized to complete a shallow air-core drilling

program to test priority areas of the wider intrusive complex to the north of Trundle Park at the

Dunn's

and Ravenswood South prospects, located 2km north and 5.5km north-west respectively.

A total of 50 holes for 1,550 metres with average depths of only 31 metres have been completed.

The program has followed up previous broadly spaced copper-gold geochemistry anomalies.

All holes are interpreted to have inserted basement under shallow post-mineral cover (ranging from

only 1.5 to 84 metres). The program has provided important new end of hole lithology and geological

understanding, interpreted to be similar to the Trundle Park prospect, with prospective alteration,

veining, magnetite and sulphides often noted in the chips and the end of hole samples of core.

Dispatch of samples for assay geochemistry is scheduled for this week with results expected in a

further 8 weeks.

The program is expected to better understand the potential for nearer surface intrusions, skarn

altered zones and the extent of identified anomalous copper-gold mineralisation at open pit target

depths within these prospect areas, where previous drilling has been broadly spaced relative to the

nature of the narrow but vertically extensive Macquarie Arc porphyry model and similar coverage at

Northparkes or Cadia.

February 22

, 2022,

"New higher-grade gold-copper system extension confirmed and expanded"

121 Mining Investment APAC conference

Ahead of the upcoming 121 Mining Investment APAC online conference an updated corporate

presentation, including further details on the Trundle project and recent drill results, is available at

www.kincoracopper.com

Registration details for pre-booked, online 1-2-1 meetings with management at the upcoming

conference are available at:

www.weare121.com

Table 2:

Trundle Park target hole TRDD029 – Summary of significant intervals

Porphyry gold and copper intercepts are calculated using a lower cut of 0.10g/t and/or 0.05%

respectively. Internal dilution is below cut off; and, 1 Interpreted near surface skarn gold and copper

intercepts are calculated using a lower cut of 0.20g/t and 0.10% respectively. Internal dilution is

below cut off

Table 3:

Trundle project - Collar Information

For further details, including QAQC procedures, please refer to the following press releases:

July 6, 2020 - Kincora announces high-grade gold-copper results from first hole at Trundle

July 23, 2020 - Kincora reports further strong encouragement at Trundle

September 3, 2020 - Kincora provides update on expanded drilling program at Trundle

November 30, 2020 - Kincora intersects broad mineralised zones at Trundle

January 20, 2021 - Kincora intersects further shallow mineralization at Trundle

March 2021 - Independent Technical Report for the ASX prospectus

April 22, 2021 - Exploration Update

July 8, 2021 - Exploration portfolio drilling update

August 17 2021 - Significant gold-bearing intervals at Trundle Park

10.

December 7 2021 - Porphyry system extended to surface and depth at Trundle Park

11.

January 25, 2022 - Newly discovered higher-grade zones expand the large-scale gold-copper system at Trundle Park

12.

March 2022 - Further confirmation of new discovery and broad intervals at Trundle Park

Table 4:

Visual estimates and descriptions of Figure 1 core from TRDD031

In relation to the disclosure of selected intervals of drill core and visual mineralisation, the Company

cautions that estimates of sulphide mineral abundance and lithology from preliminary geological

logging should not be considered a proxy for quantitative analysis of laboratory assay results or

detailed petrology. Assay results are required to determine the actual widths and grade of the visual

mineralisation. Geological logging will be further calibrated with full assay, petrology results and

further team review.

Trundle Project background

The Trundle Project is located in the Junee-Narromine volcanic belt of the Macquarie Arc, less than

30km from the mill at the Northparkes mines in a brownfield setting within the westerly rift separated

part of the Northparkes Igneous Complex ("NIC"). The NIC hosts a mineral endowment of

approximately 24Moz AuEq (at 0.6% Cu and 0.2g/t Au) and is

Australia's

second largest porphyry

mine comprising of 22 discoveries, 9 of which with positive economics.

The Trundle Project includes one single license covering 167km

and was secured by Kincora in the

March 2020

agreement with RareX Limited ("REE" on the ASX). Kincora is the operator, holds a

65% interest in the Trundle Project and is the sole funder until a positive scoping study is delivered at

which time a fund or dilute joint venture will be formed.

For further information on the Trundle and Northparkes Projects please refer to Kincora's website:

https://kincoracopper.com/the-trundle-project/

This announcement has been authorised for release by the Board of Kincora Copper Limited (ARBN

645 457 763)

Forward-Looking Statements

Certain information regarding Kincora contained herein may constitute forward-looking statements

within the meaning of applicable securities laws. Forward-looking statements may include estimates,

plans, expectations, opinions, forecasts, projections, guidance or other statements that are not

statements of fact. Although Kincora believes that the expectations reflected in such forward-looking

statements are reasonable, it can give no assurance that such expectations will prove to have been

correct. Kincora cautions that actual performance will be affected by a number of factors, most of

which are beyond its control, and that future events and results may vary substantially from what

Kincora currently foresees. Factors that could cause actual results to differ materially from those in

forward-looking statements include market prices, exploitation and exploration results, continued

availability of capital and financing and general economic, market or business conditions. The

forward-looking statements are expressly qualified in their entirety by this cautionary statement. The

information contained herein is stated as of the current date and is subject to change after that date.

Kincora does not assume the obligation to revise or update these forward-looking statements,

except as may be required under applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

the policies of the TSX Venture Exchange) or the Australian Securities Exchange accepts

responsibility for the adequacy or accuracy of this release.

Drilling, Assaying, Logging and QA/QC Procedures

Sampling and QA/QC procedures are carried out by Kincora Copper Limited, and its contractors,

using the Company's protocols as per industry best practise.

All samples have been assayed at ALS Minerals Laboratories, delivered to Orange, NSW,

Australia

In addition to internal checks by ALS, the Company incorporates a QA/QC sample protocol utilizing

prepared standards and blanks for 5% of all assayed samples.

Diamond drilling was undertaken by DrillIt Consulting Pty Ltd, from Parkes, under the supervision of

our field geologists. All drill core was logged to best industry standard by well-trained geologists and

Kincora's drill core sampling protocol consisted a collection of samples over all of the logged core.

Sample interval selection was based on geological controls or mineralization or metre intervals,

and/or guidance from the Technical Committee provided subsequent to daily drill and logging

reports. Sample intervals are cut by the Company and delivered by the Company direct to ALS.

All reported assay results are performed by ALS and widths reported are drill core lengths. There is

insufficient drilling data to date to demonstrate continuity of mineralised domains and determine the

relationship between mineralization widths and intercept lengths.

True widths are not known at this stage.

Significant mineralised intervals for drilling at the Trundle project are reported based upon two

different cut off grade criteria:

Interpreted near surface skarn gold and copper intercepts are calculated using a lower cut of

0.20g/t and 0.10% respectively; and,

Porphyry intrusion system gold and copper intercepts are calculated using a lower cut of 0.10g/t

and 0.05% respectively.

Significant mineralised intervals are reported with dilution on the basis of:

Internal dilution is below the aforementioned respective cut off's; and,

Dilutions related with core loss as flagged by a "*".

The following assay techniques have been adopted for drilling at the Trundle project:

Gold: Au-AA24 (Fire assay), reported.

Multiple elements: ME-ICP61 (4 acid digestion with ICP-AES analysis for 33 elements) and ME-

MS61 (4 acid digestion with ICP-AES & ICP-MS analysis for 48 elements), the latter report for

TRDD001 and former reported for holes TRDD002-TRDD022.

Copper oxides and selected intervals with native copper: ME-ICP44 (Aqua regia digestion with

ICP-AES analysis) has been assayed, but not reported.

Assay results >10g/t gold and/or 1% copper are re-assayed.

Qualified Person

The scientific and technical information in this news release was prepared in accordance with the

standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-

101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and was reviewed, verified and

compiled by Kincora's geological staff under the supervision of

Paul Cromie

(BSc Hons. M.Sc.

Economic Geology, PhD, member of the Australian Institute of Mining and Metallurgy and Society of

Economic Geologists), Exploration Manager Australia, who is the Qualified Persons for the purpose

of NI 43-101.

JORC Competent Person Statement

Information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves

has been reviewed and approved by Mr.

Paul Cromie

, a Qualified Person under the definition

established by JORC and have sufficient experience which is relevant to the style of mineralization

and type of deposit under consideration and to the activity being undertaking to qualify as a

Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of

Exploration Results, Mineral Resources and Ore Reserves'.

Paul Cromie

(BSc Hons. M.Sc. Economic Geology, PhD, member of the Australian Institute of

Mining and Metallurgy and Society of Economic Geologists), is Exploration Manager Australia for the

Company.

Mr.

Paul Cromie

consents to the inclusion in this report of the matters based on his information in the

form and context in which it appears.

The review and verification process for the information disclosed herein for the Trundle, Fairholme

and Nyngan projects have included the receipt of all material exploration data, results and sampling

procedures of previous operators and review of such information by Kincora's geological staff using

standard verification procedures.

JORC TABLE 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections).

Criteria

JORC Code explanation

Commentary

Sampling

techniques

Nature and quality of sampling (e.g. cut channels, random chips, or specific

specialised industry standard measurement tools appropriate to the minerals under

investigation, such as down hole gamma sondes, or handheld XRF instruments,

etc.). These examples should not be taken as limiting the broad meaning of sampling.

Include reference to measures taken to ensure sample representivity and the

appropriate calibration of any measurement tools or systems used.

Aspects of the determination of mineralisation that are Material to the Public Report.

In cases where 'industry standard' work has been done this would be relatively

simple (e.g. 'reverse circulation drilling was used to obtain 1 m samples from which

3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more

explanation may be required, such as where there is coarse gold that has inherent

sampling problems. Unusual commodities or mineralisation types (eg submarine

nodules) may warrant disclosure of detailed information

Kincora Copper Limited is the operator of the Trundle

Project, with drilling using diamond coring and Air coring

methods by DrillIt Consulting Pty Ltd, from which sub-

samples were taken over 2 m intervals and pulverised to

produce suitable aliquots for fire assay and ICP-MS.

Diamond drilling was used to obtain orientated samples

from the ground, which was then structurally,

geotechnically and geologically logged.

Sample interval selection was based on geological controls

and mineralization.

Sampling was completed to industry standards with 1⁄4

core for PQ and HQ diameter diamond core and 1⁄2 core

for NQ diameter diamond core sent to the lab for each

sample interval.

Samples were assayed via the following methods:

Gold: Au-AA24 (Fire assay)

Multiple elements: ME-ICP61 (4 acid digestion with

ICP-AES analysis for 33 elements) and ME-MS61

(4 acid digestion with ICP-AES & ICP-MS analysis

for 48 elements)

Copper oxides and selected intervals with native

copper: ME-ICP44 (Aqua regia digestion with ICP-

AES analysis) has been assayed, but not reported

Assay results >10g/t gold and/or 1% copper are

re-assayed

Historic sampling on other projects included soils, rock

chips and drilling (aircore, RAB, RC and diamond core).

Drilling

techniques

Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger,

Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of

diamond tails, face-sampling bit or other type, whether core is oriented and if so, by

what method, etc.).

Drilling by Kincora at Trundle used diamond core drilling

with PQ, HQ and NQ diameter core depending on drilling

depth and some shallow depth Air core drilling.

All Kincora core was oriented using a Reflex ACE

electronic tool.

Historic drilling on Kincora projects used a variety of

methods including aircore, rotary air blast, reverse

circulation, and diamond core. Methods are clearly stated in

the body of the previous reports with any historic

exploration results.

Drill sample

recovery

Method of recording and assessing core and chip sample recoveries and results

assessed.

Measures taken to maximise sample recovery and ensure representative nature of

the samples.

Whether a relationship exists between sample recovery and grade and whether

sample bias may have occurred due to preferential loss/gain of fine/coarse material.

Drill Core recovery was logged.

Diamond drill core recoveries are contained in the body of

the announcement.

Core recoveries were recorded by measuring the total

length of recovered core expressed as a proportion of the

drilled run length.

Core recoveries for most of Kincora's drilling were in

average over 96.9%, with two holes averaging 85.0%

Poor recovery zones are generally associated with later

fault zones and the upper oxidised parts of drill holes.

There is no relationship between core recoveries and

grades.

Logging

Whether core and chip samples have been geologically and geotechnically logged to

a level of detail to support appropriate Mineral Resource estimation, mining studies

and metallurgical studies.

Whether logging is qualitative or quantitative in nature. Core (or costean, channel,

etc.) photography.

The total length and percentage of the relevant intersections logged.

All Kincora holes are geologically logged for their entire

length including lithology, alteration, mineralisation

(sulphides and oxides), veining and structure.

Logging is mostly qualitative in nature, with some visual

estimation of mineral proportions that is semi-quantitative.

Measurements are taken on structures where core is

orientated.

All core and Air core chips are photographed.

Historic drilling was logged with logging mostly recorded on

paper in reports lodged with the NSW Department of Mines.

Sub-

sampling

techniques

and sample

preparation

If core, whether cut or sawn and whether quarter, half or all core taken.

If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled

wet or dry.

For all sample types, the nature, quality and appropriateness of the sample

preparation technique.

Quality control procedures adopted for all sub-sampling stages to maximise

representivity of samples.

Measures taken to ensure that the sampling is representative of the in situ material

collected, including for instance results for field duplicate/second-half sampling.

Whether sample sizes are appropriate to the grain size of the material being

sampled.

Once all geological information was extracted from the drill

core, the sample intervals were cut with an Almonte

automatic core saw, bagged and delivered to the

laboratory.

This is an appropriate sampling technique for this style of

mineralization and is the industry standard for sampling of

diamond drill core.

PQ and HQ sub-samples were quarter core and NQ half

core.

Sample sizes are considered appropriate for the

disseminated, generally fine-grained nature of

mineralisation being sampled.

Duplicate sampling on some native copper bearing intervals

in TRDD001 was undertaken to determine if quarter core

samples were representative, with results indicating that

sampling precision was acceptable. No other duplicate

samples were taken.

Quality of

assay data

and

laboratory

tests

The nature, quality and appropriateness of the assaying and laboratory procedures

used and whether the technique is considered partial or total.

For geophysical tools, spectrometers, handheld XRF instruments, etc, the

parameters used in determining the analysis including instrument make and model,

reading times, calibrations factors applied and their derivation, etc.

Nature of quality control procedures adopted (e.g. standards, blanks, duplicates,

external laboratory checks) and whether acceptable levels of accuracy (ie lack of

bias) and precision have been established.

Gold was determined by fire assay and a suite of other

elements including Cu and Mo by 4-acid digest with ICP-

AES finish at ALS laboratories in Orange and Brisbane.

Over-grade Cu (>1%) was diluted and re-assayed by

AAS.

Techniques are considered total for all elements. Native

copper mineralisation in TRDD001 was re-assayed to

check for any effects of incomplete digestion and no

issues were found.

For holes up to TRDD007 every 20th sample was either a

commercially supplied pulp standard or pulp blank. After

TRDD007 coarse blanks were utilised.

Results for blanks and standards are checked upon receipt

of assay certificates. All standards have reported within

certified limits of accuracy and precision.

Historic assays on other projects were mostly gold by fire

assay and other elements by ICP.

Verification

of sampling

and

assaying

The verification of significant intersections by either independent or alternative

company personnel.

The use of twinned holes.

Documentation of primary data, data entry procedures, data verification, data

storage (physical and electronic) protocols.

Discuss any adjustment to assay data.

Significant intercepts were calculated by Kincora's

geological staff.

No twinned holes have been completed.

The intercepts have not been verified by independent

personal.

Logging data is captured digitally on electronic logging

tablets and sampling data is captured on paper logs and

transcribed to an electronic format into a relational

database maintained at Kincora's Mongolian office.

Transcribed data is verified by the logging geologist.

Assay data is received from the laboratory in electronic

format and uploaded to the master database.

No adjustments to assay data have been made.

Outstanding assays are outlined in the body of the

announcement.

Location of

data points

Accuracy and quality of surveys used to locate drill holes (collar and down-hole

surveys), trenches, mine workings and other locations used in Mineral Resource

estimation.

Specification of the grid system used.

Quality and adequacy of topographic control.

Collar positions are set up using a hand-held GPS and later

picked up with a DGPS to less than 10cm horizontal and

vertical accuracy.

Drillholes are surveyed downhole every 30m using an

electronic multi-shot magnetic instrument.

Due to the presence of magnetite in some alteration zones,

azimuth readings are occasionally unreliable and magnetic

intensity data from the survey tool is used to identify these

readings and flag them as such in the database.

Grid system used is the Map Grid of Australia Zone 55,

GDA 94 datum.

Topography in the area of Trundle is near-flat and drill

collar elevations provide adequate control

Data

spacing

and

distribution

Data spacing for reporting of Exploration Results.

Whether the data spacing and distribution is sufficient to establish the degree of

geological and grade continuity appropriate for the Mineral Resource and Ore

Reserve estimation procedure(s) and classifications applied.

Whether sample compositing has been applied.

Kincora drilling at Trundle is at an early stage, with drill

holes stepping out from previous mineralisation intercepts

at various distances.

Data spacing at this stage is insufficient to establish the

continuity required for a Mineral Resource estimate.

No sample compositing was applied to Kincora drilling.

Historic drilling on Trundle and other projects was

completed at various drill hole spacings and no other

projects have spacing sufficient to establish a mineral

resource.

Orientation

of data in

relation to

geological

structure

Whether the orientation of sampling achieves unbiased sampling of possible

structures and the extent to which this is known, considering the deposit type.

If the relationship between the drilling orientation and the orientation of key

mineralised structures is considered to have introduced a sampling bias, this should

be assessed and reported if material.

The orientation of Kincora drilling at Trundle has changed

as new information on the orientation of mineralisation and

structures has become available.

The angled drill holes were directed as best possible

across the known lithological and interpreted mineralised

structures.

There does not appear to be a sampling bias introduced by

hole orientation in that drilling not parallel to mineralised

structures.

Sample

security

The measures taken to ensure sample security.

Kincora staff or their contractors oversaw all stages of

drill core sampling. Bagged samples were placed inside

polyweave sacks that were zip-tied, stored in a locked

container and then transported to the laboratory by Kincora

field personnel.

Audits or

reviews

The results of any audits or reviews of sampling techniques and data.

Mining Associates has completed an review of sampling

techniques and procedures dated January 31st, 2021, as

outlined in the Independent Technical Report included in the

ASX listing prospectus, which is available at:

https://www.kincoracopper.com/investors/asx-prospectus

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria

JORC Code explanation

Commentary

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