Kincora Provides Drilling Update Supporting New Province-Scale Potential To download the PDF of this release, click here .
Kincora Provides Drilling Update Supporting
New Province-Scale Potential
To download the PDF of this release,
click here
.
Melbourne, Australia--(Newsfile Corp. - September 22, 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 ongoing drilling activities at its Nevertire South and Nyngan licences,
part of the larger Northern Junee-Narromine Belt (
NJNB
) project, within the covered northern extensions
of the Macquarie Arc. The licences are included within two earn-in and joint venture agreements with
AngloGold Ashanti Australia Limited (
AngloGold Ashanti
).
HIGHLIGHTS
Upgrading of two Nevertire South porphyry complexes for continued step out, infill and
down dip drilling:
2026 activities upgraded two large composite volcanic-intrusive complexes
within the wider Nevertire Magmatic Complex with copper and gold grades suggestive of proximity
to porphyry system centres. Both are priorities for follow up drilling.
Four scout holes drilled, four potential new complexes at the southern strike of Nevertire
South:
New province-scale potential supported with four scout holes providing continuity of the
volcanics and intrusions in a wider north-south belt. Prospective strike >40km.
Scout drilling resumed at Nyngan
: Five to eight planned holes across two targets with drilling
ongoing (the
Ace of Spades
and
Gerar
targets).
Strong partnership and commercial alignment:
The Nyngan and Nevertire South licences form
part of two earn-in and joint venture agreements with AngloGold Ashanti. AngloGold Ashanti has
the right to invest up to A$100 million across a total of five adjacent licences within Kincora's NJNB
portfolio, covering a continuous strike greater than 100km. Kincora currently manages the
programs and receives a 10% management fee on expenditures.
John Holliday, Technical Committee chair, and Peter Leaman, VP of Exploration, commented:
"Drilling at Nevertire South this year has advanced our discovery of new Macquarie Arc
porphyry copper-gold mineralisation.
The results of highly anomalous copper associated with
porphyry veining in hole NEDD011 confirm this. These could be the discovery indicators of a
large porphyry system centred laterally or deeper.
In parallel, initial scout drilling across the wider licence provides continuation of the volcanic and
intrusive units interpreted to be similar to the Nevertire Magmatic Complex. This supports our
thesis that the Macquarie Arc continues across a prospective strike of more than 40 kilometres
and provides the potential for multiple large new porphyry system complexes.
Large intrusive complexes within world-class porphyry belts can host multiple deposits. To have
established this scale of opportunity within the first year of drilling at Nevertire South is a
significant outcome and provides multiple high-priority opportunities for follow-up drilling
."
NEVERTIRE AND NEVERTIRE SOUTH PROJECTS
Kincora has two earn-in and joint ventures with AngloGold Ashanti covering a continuous strike of
greater than 100km, including five licences (Nevertire, Nevertire South, Nyngan, Nyngan South and Mulla
licences), within the covered northern extensions of the Macquarie Arc.
Figure 1: Kincora and AngloGold Ashanti have partnered to explore new district-scale
undercover extensions of the world-class Macquarie Arc in the Northern Junee-Narromine Belt
via two earn-in and joint venture agreements, currently aggressively drilling large greenfield
targets
Kincora has a portfolio of seven projects in NSW, including managing two earn-in programs with
AngloGold Ashanti, receiving a 10% management fee on expenditures, and covering a continuous
100km strike across 5 adjacent licences
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2305/315359_fig%201.jpg
Target Specific Drilling at Nevertire
Following the April 2025 amended and second earn-in agreement with AngloGold Ashanti
1
, a first
phase drilling program commenced at both the Nevertire and Nevertire South licences in 2H'2025.
The program benefited from unimpeded access across the consolidated ~8 x 12km wide Nevertire
Magmatic Complex (
NMC
) and was designed to follow up two prior favourable drill results historically
reported by Newcrest Mining and the most northern drilled holes at the NMC.
Newcrest holes ACDNY005 and ACDNY006 were drilled ~2.7km apart, in the central portion of the
NMC, and returned
"lithologies, alteration and veining consistent with a setting similar to the Cadia-
Ridgeway and Goonumbla (Northparkes) porphyry Cu-Au deposits"
2
.
Kincora's relogging of these
holes, led by technical director John Holliday, supported this interpretation.
Figure 2: Positive results at Nevertire South support new province-scale potential intersecting
multiple interpreted new intrusive system complexes to the south with scout recommenced at
the Nyngan licence
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2305/315359_figure%202.jpg
Kincora drilling commenced in 3Q'2025 and has focused on: (i) following up the prior Newcrest holes;
and, (ii) geophysics followed by scout drilling across the southern strike seeking to confirm Macquarie
Arc rocks.
To date, 24 holes for 10,379.7 metres have utilised cost-effective mud-rotary drilling through the relatively
soft post mineral cover sequence, followed by NQ3 diamond core drilling of the porphyry-prospective
basement. All holes intersected basement and are interpreted to have returned Macquarie Arc rocks.
Drill results have been very encouraging, providing strong vectors, upgrading the immediate target zone,
supporting Newcrest's previous interpretation and reaffirming the Company's view that the NMC is the
most geologically prospective porphyry project in the northern covered extensions of the Macquarie Arc.
Favourable alteration and porphyry-style veining was observed in 2025 drilling, with copper, gold and
pathfinder element geochemistry. Drilling in 2026 has returned often higher grades and broader
intervals; upgrading two interpreted separate intrusive systems within the wider NMC for follow up drilling
with vectors suggestive of increasing proximity to a porphyry system centres (see Figure 6). The results
of highly anomalous copper associated with porphyry veining in hole NEDD011 are particularly
noteworthy and could be the discovery indicators of a large porphyry system centred laterally or deeper.
Further step out drilling is proposed, before infill and deeper drilling, see Figures 4-6. Figure 7 includes
photos of select core and further description on the northern and southern interpreted complexes within
the larger NMC, including NEDD011.
Figure 3: 2025/26 drilling reaffirm Kincora's view that the NMC is the most advanced and
geologically prospective porphyry project in the covered northern extensions of the Macquarie
Arc offering multiple discovery potential
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2305/315359_figure%203.jpg
Advancing New Macquarie Arc Porphyry Complexes
As previously announced, following encouraging initial visual observations, follow-up geophysical
surveys commenced in 2H'2025, together with a review of prior explorer drilling results and ground
gravity survey data
3
.
A gravity survey covering ~110km² was completed and integrated with legacy gravity data-sets, totaling
~148km², acquired by prior explorers.
A further survey of ~32km² is scheduled for late September
expanding the infill coverage to the north-west and into the Nevertire licence.
Four scout holes were since completed by Kincora across a 15km strike, the closest being over 20km
from the nearest drill hole of Newcrest's, testing the southern section of the Nevertire South licence along
the wider north-south trending magnetic anomaly. All are interpreted to have intersected Macquarie Arc
rocks (confirmationary lithogeochemistry and age dating pending).
These activities have resulted in a material increase in the prospective search space across the
Nevertire and Nevertire South licences, supporting a total prospective strike of greater than 40km,
representing a greater than 5x increase relative to the drill strike extent across the wider NMC which in
itself hosts two target systems - see Figure 4.
Kincora is working with AngloGold Ashanti to plan a systematic exploration approach for the 2027 field
season to advance this new potentially province-scale opportunity at Nevertire. This work includes,
among other elements, acquisition of ground gravity data to assist in defining potential intrusions within
the volcanic host rocks (Figure 3), and, defining and ranking distinct packages and domains with
appropriate programs to advance this large-scale pipeline. In the meantime, scout drilling has
recommenced and is ongoing at the Nyngan project.
Figure 4: Drilling in the northern section of Nevertire South has returned highly encouraging
results across two interpreted new intrusive system complexes
Plan view of drilling since 2H'2025, with the corresponding cross and long sections provided in Figures
5 & 6. Results are consistent with Newcrest's prior interpretation that the project hosts lithologies,
alteration and veining characteristic of a setting comparable to Macquarie Arc porphyry systems such as
Cadia-Ridgeway and Northparkes
4
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2305/315359_figure%204.jpg
Figure 5: Following significant encouragement from hole NEDD011 in the Northern Nevertire
Magmatic Complex, initial step out drilling has targeted ~300-metre spacing. A further
description is provided in Figures 6 and 7
Further step out drilling is proposed, before infill and deeper drilling at this complex
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2305/315359_figure%205.jpg
Figure 6: Drilling continues to both expand and vector with copper and gold grades
suggestive of proximity to porphyry system centre(s)
Information disclosed for Cadia-Ridgeway is not necessarily indicative for Nevertire South, and is
provided for illustrative purposes only to demonstrate the typically discrete alteration and mineralisation
footprints characteristic of Macquarie Arc "
pencil
" or "
finger
" porphyry systems. Drilling by Kincora has
returned encouraging copper and gold assay results, together with lithologies, alteration and veining
consistent with this conceptual framework, supporting its relevance
4
.
Figure 7: Vectors for step-out, infill and down dipping drilling at the Northern and Southern
Nevertire Magmatic Complexes
Detailed core photography of selected portions of 2026 drilling, showing a range of mineralisation and
alteration types from mineralised intervals within the middle-northern section of the Nevertire South
licence
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2305/315359_figure%206.jpg
See Tables 1-4 for additional geological descriptions, peak and significant assay results
Northern Nevertire Magmatic Complex
Follow up drilling is proposed at the intrusive complex interpreted to host holes NEDD007, NEDD011,
NEDD013, NEDD014 and ACDNY006, amongst others.
The confirmed Phase 4 age complex has
returned broad and localised higher-grade copper, gold, molybdenum with strong pathfinders. Of
particular note was hole NEDD011 which intersected increasing intrusive complexity (monzonite
porphyry, diorite, breccias) and the appearance of B-type quartz veins with centreline magnetite ±
chalcopyrite and locally elevated pyrite (observations of ~10-15%) mark the transition into a more
prospective porphyry environment. The last hundred metres of the hole returned intensified veining, aplite
dykes, brecciation, and patchy K-feldspar/hematite ± possible biotite alteration, with trace chalcopyrite
and minor molybdenum/zinc indications, representing developing interpreted potassic vectors. The
progressive increase in vein density, sulphide, magnetic response and intrusive intensity downhole
suggests the hole may be vectoring toward a deeper porphyry (mineralised) core not yet intersected.
Following the encouragement of NEDD011, and subtle finger intrusions towards the end of hole in
NEDD011 and NEDD007, initial step out drilling targeting a 300-metre search space was undertaken.
Given returned assay results coupled with encouraging geological observations, including (local)
increase in trace molybdenite-bornite±covellite. Further step out drilling is proposed, before infill and
deeper drilling at this complex.
Image 1. Hole NEDD011
- 327.6m: Magnetite-chlorite cemented, weakly albite altered brecciated
monzonite porphyry (hydrothermal breccia), returning elevated copper (402 ppm) with gold (0.1 g/t),
minor molybdenum and silver
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2305/315359_image%201.jpg
Image 2. Hole NEDD011 - 332.85m:
Pyrite-chalcopyrite bearing Quartz-Monzonite-Porphyry (QMP)
finger, returning elevated copper (575 ppm), molybdenum (17.9 ppm) and lead (410 ppm), with minor
gold and silver
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2305/315359_image%202.jpg
Image 3. Hole NEDD011 - 373.85m:
Chalcopyrite-pyrite bearing quartz-calcite-hematite-magnetite
veins within QMP finger, returning elevated copper (416 ppm) and molybdenum (33.7 ppm), with minor
gold, silver and zinc
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2305/315359_image%203.jpg
Image 4+5. Hole NEDD011 - 435.5m:
Chalcopyrite-pyrite bearing B-type quartz-magnetite vein with
possible K-feldspar alteration of the vein selvages, hosted by equigranular quartz diorite. The vein
centreline contains magnetite-chalcopyrite-pyrite. Returns elevated copper (420 ppm) with minor
molybdenum, silver and zinc
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2305/315359_image%2045.jpg
Image 6. Hole NEDD011 - 460.2m:
Chalcopyrite-pyrite bearing porphyry-style quartz-magnetite and
pyrite-chalcopyrite-magnetite veins, with disseminated pyrite within equigranular quartz diorite, returning
elevated copper (1,150 ppm) with gold (0.307 g/t) and minor molybdenum and silver
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2305/315359_image%206.jpg
Image 7. Hole NEDD011 - 461.7m:
Chalcopyrite-pyrite bearing quartz-calcite-magnetite vein within
equigranular quartz diorite, returning elevated copper (611 ppm) with minor gold, silver and molybdenum