Kincora Announces Shareholder Meeting Results
Kincora Announces Shareholder Meeting
Results
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2024) - Kincora Copper Limited (TSXV:
KCC) (the "Company", "Kincora") is pleased to announce the results of voting at its Annual General and
Special Meeting ("AGM" or the "Meeting") on December 9
th
, 2024 at 4pm PST held by hybrid meeting
with webcast from Vancouver, Canada.
All matters submitted to shareholders for approval as set out in the Company's Notice of Meeting and
Information Circular, dated November 8
th
, 2024, were approved by the requisite majority of votes cast at
the Meeting with 23.53% of shareholder proxies returned.
Details of the resolutions are provided below as well as an update that was presented to shareholders at
the Meeting.
This announcement has been authorised for release by the Board of Kincora Copper Limited.
By order of the Board of Directors:
Cameron McRae, Chairman
or +1 604 283 1722
Kincora Copper Limited (ARBN 645 457 763)
Executive office Canada
Subsidiary office Australia
400 - 837 West Hastings Street
Vista Australia
Vancouver, BC V6C 3N6, Canada
Level 4, 100 Albert Road
Tel: 1.604.283.1722
South Melbourne, Victoria 3205
Fax: 1.888.241.5996
Tel: +613 9692 7222
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.
AGM details
Audited Annual Report
Shareholders received and considered the Financial Statements for the financial year ended December
31, 2023 and the report of the auditor thereon.
Number of Directors
|
99.89% For
Shareholders approved retaining the number of directors at five (5).
Election of Directors
Shareholders voted in favour of Kincora's management's nominees to the board of directors: Jonathan
(Sam) Spring (99.87% For), John Holliday (99.87% For), Luke Murray (99.81% For), Cameron McRae
(91.71% For) and Jeremy Robinson (99.85% For).
Auditor Appointed
| 100.00% For
Manning Elliot LLP was appointed Auditor of the Company to hold office until the next AGM or until its
successor is duly appointed, and the directors were authorized to fix the Auditor's remuneration.
Approval of Issue of Tranche 2 Placement Shares
| 98.83% For
Shareholders passed an ordinary resolution to ratify the issuance prior placement shares as described
in the Information Circular.
Approval of Issuance Placement Option
|
98.75% For
Shareholders passed an ordinary resolution to ratify the issuance of placement options relating to prior
placement shares as described in the Information Circular.
Ratification of Prior Issuance of Placement Shares
| 99.58% For
Shareholders passed an ordinary resolution to ratify the issuance prior placement shares as described
in the Information Circular.
Share Capacity
| 99.50% For
Shareholders passed a special resolution re-approving the capacity to issuance up to an additional 10%
capital over a 12 month period pursuant to ASX Listing Rule 7.1A as described in the Information
Circular.
Equity Incentive Plan (EIP)
| 99.74% For
Shareholders passed an ordinary resolution re-approving of the existing EIP as amended as described
in the Information Circular.
Shares for Services Agreement
| 90.76% For
Shareholders passed an ordinary resolution re-approving of the existing shares for services agreements
as described in the Information Circular.
Ratification of Prior Issuance of Options pursuit to EIP
| 90.84% For
Shareholders passed an ordinary resolution to ratify the issuance prior options pursuit to the existing EIP
as described in the Information Circular.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/233137
Annual General
and Special Meeting
Focused On Tier-1 Copper-Gold Discovery
December 9, 2024 at 4:00 PM PST
COPPER
KINCORA
ASX & TSXV ticker: KCC
Certain disclosure may constitute "forward-looking statements”. In making the forward-looking statements, Kincora Copper Limited (“Kincora” or “the Company”) has applied certain
factors and assumptions that the Company believes are reasonable. However, the forward-looking statements are subject to numerous risks, uncertainties and other factors that may
cause future results to differ materially from those expressed or implied in such forward-looking statements. Such uncertainties and risks are described from time to time in the Company's
filings with the appropriate securities commissions, and may include, among others, market conditions, delays in obtaining orfailure to obtain required regulatory approvals or financing,
fluctuating metal prices, the possibility of project cost overruns, mechanical failure, unavailability of parts and supplies,labour disturbances, interruption in transportation or utilities,
adverse weather conditions, and unanticipated costs and expenses, variations in the cost of energy or materials or supplies or environmental impacts on operations. There can be no
assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not
to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking
statements whether as a result of new information, future events or otherwise, except as required by law.
Qualified Person: The scientific and technical information in this presentation 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 presentation that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves are those that have been
previously reported (with the original release referred to in Slide 35 of this presentation), in the case of Mineral Resources or Ore Reserves the material assumptions and technical
parameters underpinning the estimates have not materially changed, and have been reviewed and approved byJohn Holliday and Peter Leaman, who are Competent Person’s under the
definition established by JORC and has 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’. John Holliday and
Peter Leaman consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. $ presented in AUD unless otherwise stated.
Kincora Copper Limited (ARBN 645 457 763)
Kincora Copper
“KCC”: ASX & TSXV
2
Cautionary Statement
Kincora Copper
“KCC”: ASX & TSXV
3
Opening of Meeting
Introductions
Quorum
Update from the President & CEO
Meeting Formalities
Q&A
Photo: 4Q’2024 drilling at the Nyngan project, in partnership with AngloGold Ashanti
4
Why Copper-Gold in NSW?
Exploration hotspot
Australia’s foremost & world class porphyry district
Mining hotspot
• >160Moz gold equivalent endowment
• Mining history & culture
• Existing infrastructure & favorable ESG
• Recent >$16 billion in M&A for producing assets
• Public access & funded exploration datasets
• Two recent >10Moz gold equivalent discoveries
• Well positioned for current market dynamic of industry groups seeking to
rebuild exposure to earlier stage and new discovery exploration
- eg 5 earn-in/JV deals supporting >$300m in potential exploration
• Recent re-rating of exploration plays (eg AGC & WTM)
Photo: Cover page of the NSW government’s October 2024 Critical Minerals Policy
“Sending a clear message to Aussie and global miners: Invest in NSW”, Chris Minns – Premier of NSW upon launching the NSW
Government’s vision to drive global investment and growth the critical minerals and high-tech metals sector (October 21st, 2024)
5Photo: Woomera is drilling an open structural high grade corridor at Bronze Fox – prior drill hole F62 returned 37m @ >1%CuEq
Industry Leading Team (eg Tier-1 Cadia & Reko Diq discoveries)
Value through
Deals,
Partner Funding &
Discovery
Why Kincora?
Tier-1 Scale Targets
Leveraged Exposure to Copper-Gold
Execution: Inflection Point for Deals & Drilling
6
Execution: Early Stages, Significant Upside Kincora Copper
“KCC”: ASX & TSXV
Key resolutions supporting our pivot to a project generator/partner model were approved at last years AGM
Phases of transition to project generator/partner model for Tier-1 scale porphyry projects
Consolidate 100% Ownership
of all NSW Projects
December 2023
Opportunistically
Grow
4 new NSW projects in
2024
Stage 1: Deals with Asset
Level Partners
4 new deals + 1 extension in 2024
Stage 2: Deals with Asset
Level Partners
1H’2025
Ramp Up
Drilling
From Stage 1, Stage 2 deals
+ Condobolin in 2025
(initially focused on earlier stage/non-core porphyry projects) (focused on advanced/larger/proximal to mine projects)
Recommence
Drilling
From Stage 1 deals
4 rigs, 3 projects in 4Q’2024