Kincora Reports June 2026 Quarterly Activities and Financial Results
Kincora Reports June 2026 Quarterly
Activities and Financial Results
Vancouver, British Columbia--(Newsfile Corp. - August 14, 2026) - Copper-gold explorer and hybrid
project generator Kincora Copper Limited (ASX: KCC) (TSXV: KCC) ("
Kincora
" or "the
Company"
) is
pleased to report its financial and operating results for the quarter ended June 30, 2026.
During the quarter, Kincora continued to advance its hybrid prospect generator strategy across its NSW
portfolio, with key activities including:
Partner-funded drilling continued with AngloGold Ashanti at the Nevertire South project, targeting a
highly prospective porphyry setting in the Northern Junee-Narromine Belt.
Completion of nine drill holes at the 100%-owned Condobolin project, representing the first
systematic drilling program at the historic mining field in over a decade, with results pending.
Completion of
"traditional"
geological and
"next-generation"
AI reviews across key NSW projects,
generating and refining new exploration targets.
Commencement of a formal process with potential new asset-level partners for the Trundle,
Fairholme, Cowal East and Cundumbul projects.
Advancement of planning for air-core drilling programs during the upcoming late Spring-Summer
period.
Progress on the divestment of Kincora's Mongolian assets for total consideration of US$10M.
US$5M has now been received, with the final US$5M expected upon completion of the
transaction.
A current cash balance of approximately A$12M.
President and Chief Executive Officer Sam Spring commented:
"We made strong progress during the quarter advancing our portfolio, with drilling across two projects,
new targets generated through both traditional and AI-supported technical reviews, and a formal
process now underway with potential new asset-level partners.
With approximately A$12M in cash, further proceeds expected from the Mongolian divestment and
multiple exploration catalysts ahead, Kincora is well positioned to systematically advance our NSW
portfolio and pursue the next stage of our hybrid prospect generator strategy."
The full Quarterly Activities Report, Financial Statements and MD&A for the period ended June 30, 2026
have been filed on SEDAR+ (
www.sedarplus.ca
) and are also available on the Companys website at
www.kincoracopper.com
.
About Kincora
Kincora Copper Limited (ASX: KCC) (TSXV: KCC) is an emerging Australia-focused gold-copper
explorer with a hybrid project generator strategy and currently drilling at two projects (Nevertire South and
Condobolin).
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 and Mongolia's Southern Gobi, two 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 $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 a very focused capital
efficient programs at the Condobolin and 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)
FOR FURTHER INFORMATION PLEASE CONTACT:
Sam Spring, President and Chief Executive Officer
or +61431 329 345
Kaitlin Taylor, Investor Relations
Executive office
Subsidiary office Australia
400 - 837 West Hastings Street
Vancouver, BC V6C 3N6, Canada
Tel: 1.604.283.1722
C/- JM Corporate Services
Level 6, 350 Collins Street
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.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/309617