Kincora raises $4 million in Strongly Supported Placement
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Kincora raises $4 million in Strongly Supported Placement (February 27th, 2026) 1
Website: www.kincoracopper.com Email: [email protected]
Kincora raises $4 million in
Strongly Supported Placement
Highlights
• Firm commitments received for Placement raising A$4 million
o Strongly supported by multiple new domestic and international
institutional investors
• Placement price of A$1.05 per share representing a 1 .7% discount to the 15 -
day VWAP
• Proceeds to accelerate the Company’s hybrid prospect generator funding
model and focused sole funded exploration activities
Melbourne, Australia — February 27th, 2026
Copper-gold explorer and hybrid project generator Kincora Copper Limited (ASX & TSXV:
“KCC”) ( Kincora or the Company) is pleased to announce that it has received firm and
irrevocable commitments for a strongly supported placement amounting to A$4 million (before
costs). The Company proposes to issue approximately 3,809,524 CHESS Depository Interests
(CDIs) (representing a beneficial interest in 3,809,524 fully paid common shares in the Company
(Shares)) with an issue price of A$1.05 per CDI (Placement).
Investors will receive one (1) attaching option for every two (2) new CDIs allocated under the
Placement (Attaching Options). The Attaching Options will have an exercise price of A$1.35
and expire 3 -years from the date of issue. The Company intends to apply to l ist the Attaching
Options on the ASX, subject to achieving sufficient spread requirements and lodgement of a
Prospectus with the Australian Securities and Investments Commission (ASIC).
Alpine Capital Pty Ltd (Alpine Capital) acted as Sole Lead Manager to the Placement.
President & CEO Sam Spring commented: “We are very pleased to welcome multiple new
institutional investors to Kincora’s register and mark a major step in continuing to improve the
Company’s ability to undertake large scale exploration activities across multiple high -quality
assets simultaneously.
The additional capital will allow us to more aggressively explore and systematically advance
our Cobar Basin, Northparkes and Cowal block project s. We anticipate these activities will
create optionality for both sole funding and partnering opportunities in the future , increasing
the scale of our existing hybrid prospect generator funding model.
We are extremely excited to begin our sole funded drilling campaign in April at the Condobolin
project, with initial preparatory phases already well underway.”
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Kincora raises $4 million in Strongly Supported Placement (February 27th, 2026) 2
Website: www.kincoracopper.com Email: [email protected]
Use of Funds
Proceeds from the Placement will support an expanded near-term drilling program at the
Condobolin project, Kincora’s 100% owned southern Cobar basin project. Furthermore,
geophysics and target refinement programs will be conducted, followed by exploration drilling
programs at Fairholme and Trundle porphyry projects, and, expanded near term geophysics at
the Jemalong porphyry project. Funds will also support working capital requirements, costs of
the offer and potential new license/project acquisitions.
Alpine Capital will receive a 6% cash fee on all funds raised and 476,190 Placement options as
consideration for services provided in connection with the Placement (with a stat utory four-
month hold period).
CONDOBOLIN PROJECT
Kincora’s 100%-owned precious–base metals Condobolin project sits in the increasingly active
Cobar basin, where consolidation around existing mills (for example Harmony–MAC Copper and
Aeris–Peel) is highlighting the strategic value of truckable high-grade feed.
The Company has consolidated the historic Condobolin mining field (mining ceased at the water
table and not effectively explored below the weathered zone) within trucking distance of an
existing mill seeking third party ore. The key initial focus is the shallow high -grade Meritilga
precious-base metals discovery.
Drilling is scheduled to commence in April testing on -strike and down -dip extensions of the
known gold –silver–copper–lead–zinc lenses and for repeat and/or stacked high -grade lenses
within the broader Condobolin trend.
COWAL – NORTHPARKES CORRIDOR PROJECTS
These projects host large scale mineral systems and are located in highly prospective settings to
existing world-class mines and porphyry complexes previously the focus of majors but now 100%
owned by Kincora:
• Fairholme project: a large existing mineralised footprint adjacent to Cowal prospective
for Cowal style structural gold in the south and Marsden style copper-gold systems in the
north.
• Trundle project: a large existing mineralised footprint in the Northparkes Block with
porphyry and skarn related copper and gold targets in both the north and south of a large
existing license with multiple geological and geophysical vectors for follow up drilling.
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Kincora raises $4 million in Strongly Supported Placement (February 27th, 2026) 3
Website: www.kincoracopper.com Email: [email protected]
Indicative Timetable
The proposed key dates for the Placement are as follows:
Event Date
Settlement of New Shares and Options issued Wednesday 4 March 2026
Allotment of New Shares and Options issued Thursday 5 March 2026
This press release does not constitute an offer to sell or a solicitation of an offer to
buy nor shall there be any sale of any of the securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful. This news release does not
constitute an offer to sell or solicitation of an offer to sell any securities in the United
States. The securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the “U.S. S ecurities Act”) or any state
securities laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.
ABOUT KINCORA
Kincora Copper Limited (“KCC”: ASX & TSXV) is an emerging Australia -focused copper -gold
explorer with a hybrid project generator strategy. The Company is now successfully proving up
the prospectivity of its extensive project portfolio, which includes multi ple district -scale
landholdings and scalable drill ready targets. These assets are located in Australia’s Macquarie
Arc and Mongolia's Southern Gobi, two of the globe’s leading porphyry belts, and the historical
Condobolin mining field within the Cobar superbasin in NSW.
To learn more, please visit: www.kincoracopper.com.
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SERVICES OR DISSEMINATION IN THE UNITED STATES
Kincora raises $4 million in Strongly Supported Placement (February 27th, 2026) 4
Website: www.kincoracopper.com Email: [email protected]
This announcement has been authorised for release by the Board of Kincora Copper Limited (ARBN 645 457 763)
For further information please contact:
Sam Spring, President and Chief Executive Officer Laurie Thomas, Strategic Advisor
[email protected] or +61431 329 345 [email protected] or +1306 341 3826
Executive office Subsidiary office Australia
400 – 837 West Hastings Street C/- JM Corporate Services
Vancouver, BC V6C 3N6, Canada Level 6, 350 Collins Street
Tel: 1.604.283.1722 Melbourne, VIC, Australia 3000
Forward-Looking Statements
Certain information regarding Kincora contained herein may constitute forward-looking statements within the meaning of applicable
securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect
to: the use of proceeds; the occurrence of the Acceleration; and the occurrence of an Acceleration Event, amongst other potential items.
Forward-looking statements may include estimates, plans, 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 involve s numerous risks and uncertainties, and actual results might differ materially from results
suggested in any forward-looking information. These risks and uncertainties include, among other items: market volatility; the state
of the financial markets for the Company’s securities; fluctuations in commodity prices and investor sentiment; changes in th e
Company’s business plans; and operating environments. Although Kincora believes that the expectations reflected in such forwa rd-
looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Kincora c autions
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 ; participation in the Offering ; shareholder
and regulatory approval of the Consolidation; regulatory approval of the Offering; continued availability of capital and financing and
general economic; market or business conditions; 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 Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange)
or the ASX accepts responsibility for the adequacy or accuracy of this release.