Kincora Announces Exploration Strategy Update: Drilling Planned Across Four Projects
Kincora Announces Exploration Strategy
Update: Drilling Planned Across Four Projects
Melbourne, Australia--(Newsfile Corp. - September 3, 2026) - Copper-gold explorer and hybrid prospect
generator
Kincora Copper Limited
(ASX: KCC) (TSXV: KCC)
(
Kincora
or
the Company
) is
pleased to provide an update on planned sole funded exploration over the upcoming Spring and
Summer field season including over 25,000 metres of air-core drilling across four projects in Central
West NSW, Australia.
The programs align with the Company's hybrid prospect generator model, under which partners fund the
majority of exploration expenditure with Kincora generating large-scale porphyry system targets. The air-
core programs complement ongoing asset-level partner discussions and are expected to add scale and
value while upgrading Kincora's geological concepts.
HIGHLIGHTS
Sole funded budget of up to A$3-million
Board approval for extensive air-core drilling seeking to systematically and cost effectively
advance 17 targets across four projects (Nyngan West, Fairholme, Cowal East and Trundle)
expanding existing known mineralised porphyry systems and testing of new targets.
Formal process with potential new asset level partners progressing with strong interest.
Kincora's net cash position is forecast to further increase in both September and the December
quarter with further receipt of proceeds from the US$10-million divestment of our Mongolian
projects
1
.
Kincora's last reported cash balance was A$12-million
2
.
Programs for 340 holes and over 25,000 metres
Nyngan West
: Maiden drilling across both ultramafic and Macquarie Arc porphyry targets.
Fairholme
: Seeking to expand a structurally controlled gold system at the Gateway target from a
1.6km to 2.6km strike, advance the adjacent Dungarvan target and expand three porphyry copper
system targets in the northern portion of the license. Maiden drilling proposed across the
strategically located southern Nerang target.
Cowal East:
Series of drill lines across six targets stepping out from two known intrusive systems
and maiden drilling of regionally significant geophysical anomalies.
Trundle
: Very shallow drilling across a total of 19km
2
area in the north, south and Dunns section of
the project seeking to replicate the success of similar programs at the Northparkes project that
have led to multiple porphyry copper-gold deposit discoveries situated within the same interpreted
caldera.
Condobolin update:
Full assay results pending for the completed 9-hole, 2,615 metre program
with localised higher-grade gold and base metals
3
. Independent review proposed to confirm
interpretation of a Reduced Intrusion System geological target model and refine follow up.
New opportunities:
Kincora continues to review a pipeline of new opportunities where it has a
competitive advantage to add shareholder value including recent claim extensions of targets at the
Fairholme and Cowal East projects. The Company is proactively utilising Geomorphic AI's
proprietary system in the review process with thirty reviews undertaken to date
4
.
President & CEO, Sam Spring, commented:
"We are excited to embark on an extensive air-core drilling program over the upcoming Spring and
Summer field season, systematically advancing four key projects across our NSW portfolio.
Our projects and targets compete for capital and resourcing. These programs are designed to
quickly and cost effectively test and advance our geological concepts, add scale and value, and
position the highest-priority opportunities for larger-scale exploration.
Importantly, this work complements our hybrid prospect generator strategy. Following extensive
independent, internal and next-generation technical reviews, we have commenced a formal
process with potential new asset-level partners for a number of our more advanced and brownfield
porphyry projects with strong initial interest. The planned sole funded drilling programs will
complement this process.
With partner-funded drilling by AngloGold Ashanti continuing, management fee income being
generated and further proceeds expected from the US$10-million divestment of our Mongolian
portfolio, Kincora is well positioned to fund these programs while continuing to grow our net cash
position and pursue new growth opportunities."
Figure 1:
Kincora's NSW Project Portfolio
Eight projects in total, including the Northern Junee Narromine Belt project funded by and in partnership
with AngloGold Ashanti where drilling is ongoing. Recent diamond drilling has taken place at the
Condobolin project, results pending, with air-core drilling proposed at the Nyngan West, Fairholme,
Cowal East and Trundle projects.
To view an enhanced version of this graphic, please visit:
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STRATEGY AND PROJECT OVERVIEW
As part of Kincora's ongoing portfolio review process, the Company's Technical Committee has
evaluated the exploration and corporate strategy for each of its wholly owned NSW projects, with a focus
on systematically advancing opportunities and generating shareholder value.
These reviews consider both technical and commercial factors in-line with the Company's hybrid
prospector generator model, under which the majority of exploration expenditure is funded by asset level
partners. Kincora's role is to secure prospective ground and undertake earlier stage, lower cost
exploration activities to advance and validate geological concepts ahead of larger-scale drilling
programs.
Recent internal and independent reviews across the portfolio have identified significant open and highly
prospective areas within various wholly owned projects where extensions of mineralisation and/or open
geophysical anomalies currently lack sufficient coverage to support deeper drilling. All targets and
projects are ranked and compete for capital and resources, taking into account technical merit and
operational considerations. From this process 17 targets have been prioritised for drilling during the
upcoming Spring and Summer field season, when ground conditions and access are generally
favourable for air-core drilling.
As discussions with potential partners advance around earn-in and joint venture funding models capable
of supporting multi-year, multi-phase drilling, Kincora has also pegged open ground adjacent to priority
targets at the Cowal East and Fairholme projects. The Company is now seeking to sole fund over
25,000 metres of air-core drilling at four projects. These programs are in addition to ongoing partner-
funded drilling with AngloGold Ashanti, which has been underway since the 2025 end of year holiday
break.
Air-core drilling is a fast and cost-effective technique for collecting basement samples under shallow
cover to test and refine target areas mapping mineralisation, alteration, lithology and depth. These
results help generate, test and refine targets and this technique has been a key phase in many
significant discoveries in the Lachlan Fold Belt.
The spacing of Kincora's programs are reflective of the nature of the target, stage of exploration at the
target and seeking to gain coverage over significant geophysical anomalies to help refine and determine
where more detailed and expensive drilling is warranted.
NYNGAN WEST PROJECT
The Nyngan West project includes a single large licence (207.4km
2
) with no outcrop and has not
previously been drill tested or basement rocks sampled. The project is prospective for two different
mineral systems and is located to the immediate west of the Company's Nyngan project which is
included in an earn-in and joint venture agreement with AngloGold Ashanti where drilling is ongoing
testing maiden porphyry system targets. The program at Nyngan West is expected to be completed
before year end.
Sole funded Kincora drilling will test two porphyry targets for potential extensions of the Junee-Narromine
Belt of the Macquarie Arc under relatively shallow interpreted cover.
Drilling is also proposed to test a regionally significant magnetic high, gravity low anomaly and
structurally controlled extensions interpreted to be part of the Fifield Suite. These targets are highly
prospective for various critical minerals including scandium, nickel and cobalt, which are often hosted on
similar magnetic highs to the west of the Junee-Narromine Belt.
Such settings host Sunrise Energy Metals Limited's (SRL.ASX, market capitalisation A$2.9-billion)
namesake project and adjacent ground to Nyngan West.
FAIRHOLME PROJECT
Previous drilling by major mining companies, predominately Newcrest, has defined an extensive
structurally controlled gold with base metals mineralised footprint in the south of the project at the
Gateway target and several earlier stage porphyry copper targets to the north.
Previous exploration predominately focused on a traditional Macquarie Arc porphyry copper deposit
model rather than the recent Cowal-style epithermal gold and/or hybrid porphyry copper-gold
methodology, often off the shoulders of such geophysical anomalies and with greater weighting on
geochemical vectors and structure. This newer exploration model has resulted in significant recent
exploration success in the Macquarie Arc by Evolution Mining at the Cowal mine, Alkane Resources at
Boda-Kaiser deposit, Waratah Minerals at Spur discovery and LinQ Minerals at the Dam/Gidginbung
projects.
Koonenberry Gold is shortly planning sole funded drilling at its Wilga project west of Kincora's Fairholme
project (and noting Newmont is earning into Koonenberry Gold's Fairholme project immediately adjacent
to the north of our Fairholme project).
Initial air-core and diamond drilling by Kincora has already expanded the structurally controlled gold and
base metals system at the Gateway target from 600 metres to 1,600 metres
5
with the proposed
program seeking to expand this a further kilometre, as well as advance the adjacent Dungarvan target.
Follow up step out drilling is also proposed at three highly prospective porphyry copper targets in the
northern portion of the licence, Anomaly 2, Driftway C and Manna Creek.
Land access and maiden drilling are proposed across the strategically located southern Nerang
prospect.
Drilling at Fairholme is expected to commence immediately after the Christmas-New Year
break.
COWAL EAST PROJECT
Previously the focus of limited drilling by BHP and Newcrest, the Cowal East project sits immediately to
the east, on the other side of Lake Cowal to Evolution Mining's flagship Cowal mine and as close as
4km north of the Marsden porphyry copper-gold deposit. Like other projects on the Cowal Igneous
Complex, there is limited outcrop with basement masked by relatively shallow post mineral cover.
Earlier in 2026, Kincora completed a '
traditional'
ground gravity survey which upgraded various targets
6
, with Atomionics Pte Ltd's next generation '
quantum
" gravity survey scheduled to commence in
November.
Kincora has designed a series of drill lines across six targets stepping out from two known Macquarie
Arc intrusive complexes and maiden drilling of regionally significant geophysical anomalies testing
similar targets and settings that led to the discovery of Marsden.
TRUNDLE PROJECT
Kincora's Trundle project is hosted in the interpreted western rift of the Northparkes Igneous Complex
and with previous drilling predominately by the major mining companies returning large mineralised
footprints at/near surface in the north and south of the licence
7
.
Recently completed internal and independent reviews have identified multiple prospective and open
mineralised intrusion centres, seeking to test more optimal interplays of structures occurring along
prospective zones characterised by strong gradients.
Very shallow drilling across a total of 19km
2
area in the north, south and Dunns section of the project is
seeking to replicate the success of similar programs at the Northparkes mine and other side of the same
interpreted caldera that have led to multiple porphyry copper-gold deposit discoveries, including the E44
deposit which is currently the focus of a multiple rig program and potentially the first satellite deposit to
the existing mill.
MARKETING ENGAGEMENT
The Company announces that it has entered into a marketing services agreement with Resource Stock
Digest (
RSD
), a resource-sector investor media and marketing company based out of Texas, U.S.A.,
effective September 2
nd
, 2026, pursuant to which, among other things, RSD has agreed to provide
certain promotional services to the Company in accordance with TSX Venture Exchange (the
Exchange
)
Policy 3.4 - Investor Relations, Promotional and Market-Making Activities
. RSD has been
engaged for a 2-month advertising and marketing program for total cash consideration of USD $75,000,
which will be funded from the Company's general working capital as a single payment in September.
RSD conducts interviews with the Company and produces content that is distributed to RSD's
subscriber base and connects issuers to the investment community across North America. There are no
performance factors contained in the agreement, and RSD will not receive securities of the Company as
compensation. RSD is arm's length from the Company and has no direct interest in the Company or its
securities nor any right or intent to acquire such an interest. The agreement is subject to the approval of
the Exchange. RSD is owned and operated by Gerardo Del Real and Nick Hodge and its contact details
are as follows: Gerardo Del Real, 2250 Double Creek Dr #5669, Round Rock, TX 78665, USA; Email:
.
FOR FURTHER INFORMATION PLEASE CONTACT:
Sam Spring, President and Chief Executive Officer
or +61431 329 345
Kaitlin Taylor, Investor Relations
Executive office
400 - 837 West Hastings Street
Vancouver, BC V6C 3N6, Canada
Tel: 1.604.283.1722
Subsidiary office Australia
C/- JM Corporate Services
Level 6, 350 Collins Street
Melbourne, VIC, Australia 3000
About Kincora
Kincora Copper Limited (ASX: KCC) (TSXV: KCC) is an emerging Australia-focused gold-copper
explorer with a hybrid project generator strategy.
The Company is successfully proving up the prospectivity of its extensive project portfolio, which includes
multiple district-scale landholdings and scalable drill ready targets. These assets are located in
Australia's Lachlan Fold Belt, one of the globe's leading porphyry belts, and the historical Condobolin
mining field within the Cobar basin in NSW.
The Company has already unlocked over A$100 million of potential partner funding for multiple earlier
stage and/or non-core porphyry projects. These initial deals have supported over 20,000 metres of
drilling and over A$10m of partner funded exploration since late 2024, with management fees and
exploration ramping up.
Various partner discussions are ongoing for its remaining 100% owned flagship and advanced
exploration stage porphyry projects.
By having a significant portfolio of partner funded large porphyry projects, and very focused capital
efficient programs at our other sole funded projects, the Company is seeking to position Kincora as a
leading institutional grade explorer in the public Australian and Canadian markets, and the leading
project generator on the ASX.
The Company's website is:
www.kincoracopper.com
.
This announcement has been authorised for release by the Board of Kincora Copper Limited
(ARBN 645 457 763)
References:
Kincora is not aware of any new information or data that materially affects the information as disclosed to the originally sighted references:
1
Mongolian projects: Kincora press releases "
Kincora receives payment for Mongolian Asset divestment
" (May 19, 2026), "
Kincora executes
agreements for Mongolian Asset divestment"
(July 2, 2026), and "
Kincora quarterly report for the period ended June 2026"
(August 14, 2026)
2
Last reported cash balance: Kincora press release "
Kincora quarterly report for the period ended June 2026"
(August 14, 2026)
3
Condobolin project: Kincora press releases "
Kincora commences drilling at historic Condobolin Mining field"
(April 28, 2026) and "
Kincora
quarterly report for the period ended June 2026"
(August 14, 2026)
4
Geomorphic AI: Kincora press releases "
Kincora engages Geomorphic AI"
(April 29, 2026) and "
Kincora quarterly report for the period ended
June 2026"
(August 14, 2026)
5
Fairholme project: Kincora press releases "
First phase drilling results and commencement of phase two at the Fairholme project"
(March 31,
2022), and "
Kincora quarterly report for the period ended June 2026"
(August 14, 2026)
6
Cowal East project: Kincora press releases "
Kincora consolidates, commences Geophysics at Cowal East"
(March 10, 2026), and "
Kincora
quarterly report for the period ended June 2026"
(August 14, 2026)
7
Trundle project: Kincora press releases "
Positive assay results for the Trundle and Fairholme projects"
(August 18, 2022), and "
Kincora quarterly
report for the period ended June 2026"
(August 14, 2026)
Third party information:
Koonenberry Gold Limited - disclosures regarding the Newmont Exploration Pty Ltd earn-in over
the Fairholme Copper-Gold JV Project and planned drilling at the Wilga project.
Waratah Minerals Limited - disclosures regarding the Spur project and the Cargo Intrusive
Complex.
Evolution Mining Limited - disclosures regarding the Cowal mine and the Northparkes mine,
including the E44 deposit.
Alkane Resources Limited - disclosures regarding the Boda-Kaiser project.
LinQ Minerals - disclosures regarding the Dam and Gidginbung projects.
Sunrise Energy Metals Limited - Sunrise project disclosures; market capitalisation sourced from
ASX market data as at close of business September 1
st
, 2026.
Kincora has not independently verified the third-party information referred to above, and it is not to be
regarded as being reported, adopted or endorsed by Kincora.
Qualified Person
The scientific and technical information in this announcement 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 staff under the supervision of Peter Leaman (M.Sc. Mineral Exploration, FAusIMM), Senior
Vice-President of Exploration of Kincora, and John Holliday (BSc Hons, BEc, member of the Australian
Institute of Geoscientists), Non-Executive Director and Chairman of Kincora's Technical Committee, who
are Qualified Persons for the purpose of NI 43-101.
JORC Competent Person Statement
Information in this announcement that relates to Exploration Results or Mineral Resources are those that
have been previously reported (with the original release referred to in this announcement), and have
been reviewed and approved by John Holliday and Peter Leaman, who are Competent Persons under
the definition established by JORC and have sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity being undertaken 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'. John Holliday and Peter Leaman consent to
the inclusion in this report of the matters based on their information in the form and context in which it
appears. The review and verification process for the information disclosed herein for the projects
referred to in this announcement 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.
This announcement refers to historical exploration results, including drilling completed by Newcrest, BHP
and other previous operators. Kincora has not independently verified this historical and third-party
information, it is not to be regarded as being reported, adopted or endorsed by Kincora, and a
Competent Person has not done sufficient work to classify the historical exploration results as Mineral
Resources in accordance with the JORC Code. It is uncertain that further exploration will result in the
determination of Mineral Resources or Ore Reserves. Kincora is not aware of any new information or
data that materially affects the information referred to in respect of any historical estimates and confirms
that all material assumptions and technical parameters underpinning those estimates continue to apply
and have not materially changed.
Forward-Looking Statements
Certain information regarding Kincora contained herein may constitute forward-looking statements and
"forward-looking information" within the meaning of applicable securities laws (collectively, "forward-
looking information"). Forward-looking information is generally identifiable by the use of words
"believes", "may", "plans", "will", "anticipates", "intends", "could", "estimates", "expects", "forecasts",
"projects", and similar expressions, and the negative of such expressions. Such forward-looking
statements or information include but are not limited to statements or information with respect to the
planned exploration programs, drilling metres, hole counts, pending assay results, proposed
independent reviews, budgets, review and potential pursuit of new opportunities, including the use and
anticipated benefits of Geomorphic AI, the Company's forecast net cash position, expected receipt of
funds relating to the announced divestment of the Mongolian projects and timing described in this
announcement, the outcome of partner discussions, anticipated partner-funded exploration activities,
and the marketing services agreement with Resource Stock Digest. Forward-looking statements may
include estimates, plans, milestones, expectations, opinions, forecasts, projections, guidance or other
statements that are not statements of fact. Readers are cautioned not to place undue reliance on
forward-looking information and statements.
Forward-looking information and statements are based on the then current expectations, beliefs,
assumptions, estimates and forecasts about the Company's business and the industry and markets in
which it operates. Forward-looking information and statements are made based upon numerous
assumptions, including, among other things, the Company's ability to obtain and maintain necessary land
access, permits and approvals; favourable weather and ground conditions; the availability of drilling rigs,
personnel, contractors, equipment and laboratory capacity; the availability of sufficient funding; the
receipt and timing of remaining proceeds from the Mongolian project divestment; the costs and timing of
the planned exploration programs; the performance of counterparties under existing agreements; the
continuation of partner-funded exploration activities and management fee arrangements; the willingness
of prospective partners to enter into earn-in, joint venture or other asset-level arrangements; and general
economic, market, regulatory and business conditions.
Forward-looking information involves numerous risks and uncertainties, including risks that planned
exploration programs may be delayed, modified, reduced or not completed; that drilling or geophysical
surveys may not produce results consistent with the Company's geological interpretations or objectives;
that assay results may not confirm preliminary interpretations; that anticipated proceeds from the
Mongolian project divestment may not be received in the amounts or within the timelines anticipated; that
the Company's net cash position may not increase as forecast; that asset-level partner discussions may
not result in definitive agreements, partner funding, exploration expenditures or management fee income;
and that the Resource Stock Digest agreement may not receive Exchange approval or be performed as
contemplated; risks associated with weather conditions, rig availability, access, resourcing, permitting,
jurisdictional matters, counterparties, government approval, ESG, and general market and business
conditions; and other factors, and actual results might differ materially from results suggested in any
forward-looking information. Although Kincora believes that the expectations reflected in such forward-
looking statements are reasonable, it can give no assurance that such expectations, geological
concepts and plans 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; approvals; continued
availability of capital and financing and general economic; market or business conditions; counterparty
risk; sovereign risk; and investor sentiment. Accordingly, readers should not place undue reliance on
forward-looking information and statements. Readers are cautioned that reliance on such information
and statements may not be appropriate for other purposes.
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.
To view the source version of this press release, please visit
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