Saturday, September 26, 2026
MiningNewsTerminal
Saturday, September 26, 2026 Admin

KCC.V ·

Porphyry system extended at Trundle Park Most recent drill hole TRDD026 has intersected multiple broad intervals of porphyry style intrusions at the Trundle Park prospect (assay results pending); TRDD026 is a follow-up scissor hole to TRDD022 (

Drill Results

Porphyry system extended at Trundle Park

Most recent drill hole TRDD026 has intersected multiple broad intervals of porphyry style

intrusions at the Trundle Park prospect (assay results pending);

TRDD026 is a follow-up scissor hole to TRDD022 (

162m

@ 0.24 g/t gold and 0.04% copper)

and has extended the porphyry system approximately

100m

on strike and up to

115m

down dip;

Alteration, host lithology, intrusive suite, depth and size of system typical of the multiple intrusive

porphyry deposits at the neighboring Northparkes mine;

A wedge drilling off from previous hole TRDD014 (

65.5m

@ 0.25g/t gold and 0.04% copper)

has commenced, seeking to further extend and connect the intrusive systems returned in both

TRDD014 and TRDD022;

The direction south from TRDD022 remains for future drill testing after the completion of the

wedge off TRDD014.

MELBOURNE, Australia

,

Sept. 23, 2021

/CNW/ - Kincora Copper Limited (the Company, Kincora)

(TSXV: KCC) (ASX: KCC) is pleased to provide an exploration update from ongoing drilling at

Trundle Park prospect situated at the brownfield Trundle project, located in the Macquarie Arc of the

Lachlan Fold Belt (LFB) in NSW,

Australia

.

John Holliday

, Technical Committee chair, and

Peter Leaman

, VP of Exploration, noted:

"TRDD026 tested and better defined the NNW potential from TRDD022 intersecting two

zones of the targeted system, for which assay results are pending. While we have not yet

intersected the systems core we are seeing the encouraging right signs and are deepening

an adjacent hole (TRDD014W1).

TRDD014W1 seeks to test the target deeper below TRDD022 and to the SSE, and

to

determine if the mineralization in TRDD022

(including

46m

@ 0.54 g/t gold and 0.08%

copper)

and TRDD014 (including

10m

@ 0.73g/t gold and 0.1% copper) are related, and

proximal to the potassic core of the system

. Also, we are planning future holes to test the

open direction to the south of TRDD022 and TRDD014."

Two rigs remain operational, one currently drilling a wedge off TRDD014 at the Trundle Park

prospect at Trundle, and the other has commenced a fourth hole at the Gateway prospect at the

Fairholme project.

Trundle and Fairholme are both advanced exploration stage projects with hallmarks of neighbouring

deposits, Northparkes and Cowal respectively, with assay results from recent drilling pending.

Figure 1:

Kincora is currently drilling the Trundle and Fairholme projects

Favourable locations of the key porphyry belts of the Macquarie Arc

Demonstrate potential hallmarks of neighbouring world-class deposits

Figure 2:

Trundle is the only brownfield porphyry project held by a listed junior in the

Lachlan Fold Belt (LFB), located within Northparkes Igneous Complex which already hosts

the 2

nd

largest porphyry mine in

Australia

(endowment 5.5Moz Au & 4.5Mt

Cu

1

)

Large geochemical footprints with a cluster of concealed intrusive deposits at Northparkes

Section of E48 alteration and mineralisation provided in Figure 4

1

Bespoke March 2020 report by Richard Schodde, MinEx Consulting, for Kincora

Trundle Park prospect

Recent drilling of hole TRDD022 by Kincora observed significant broad mineralized intervals

comprising

162m

@ 0.25 g/t gold, 0.04% copper and 9 ppm molybdenum (from

670m

), including

46m

@ 0.54 g/t gold and 0.08% copper (from

684m

) and

18m

@ 0.75 g/t gold and 0.09% copper

(from

712m

) (announced

August 16

th

, 2021:

"Significant gold bearing intervals at Trundle Park"

).

The results of TRDD022 revealed a large previously untested zone at depth, open in all directions. It

provided the greatest 'proof of concept' support to date for Trundle Park to host a porphyry intrusive

system, potentially with ore grades.

Detailed geological logging and petrographic analysis of TRDD022 has noted that the better-

mineralized zones are in brecciated areas, with strongly developed and variable interpreted outer

potassic alteration. These better-mineralized zones exhibit generally centimetre-scale interpreted

fingers of monzonite vein-dyke and associated mineralization intruding a monzodiorite intrusion.

TRDD026, the initial diamond drill 'scissor' hole to follow up TRDD022, sought to test the potential

for higher-grade gold-copper and along strike approximately

100m

NNW from the mineralization

zone in TRDD022. TRDD026 has intersected multiple intrusive phases providing further confirmation

of, and extension to, the targeted porphyry system.

Figure 3:

TRDD022 and TRDD026 provide convincing and increasing evidence of a multiple

phase, multiple intrusive system with demonstrated mineral tenor with analogous lithology

and alteration to the targeted intrusive porphyry systems that occur elsewhere in the wider

and immediate region (at Cadia and Northparkes respectively)

Porphyry system target confirmed and extended: TRDD022 and TRDD026 provide convincing and

increasing evidence of a multiple phase, multiple intrusive system with demonstrated mineral tenor

with analogous lithology and alteration to the targeted intrusive porphyry systems that occur

elsewhere in the wider and immediate region (at Cadia and Northparkes respectively) (CNW

Group/Kincora Copper Limited)

(a) Working Leapfrog model – Trundle Park prospect section

(b) Insert with significant mineralised intervals and illustration of strike/down dip target of

TRDD014W1

(c) Plan view of the Trundle Park prospect

TRDD026 intersected the targeted monzonite intrusion in two zones:

1

.

Within a footwall to a westerly dipping fault where quartz-monzonite with strong sericite

alteration and quartz-carbonate veining, and breccia fill was observed (

711m

to

749m

down

hole). This interval is visually interpreted to be similar in mineral composition to the quartz-

monzonite observed in TRDD022 (

670m

to

730m

down hole) which is potassic altered and

along strike towards the south in relation to TRDD026 (see Figure 5 (b)). The intersection of

the approximately

40m

estimated near true width of the targeted lithological unit (quartz-

monzonite) is encouraging.

2

.

A multiphase felsic intrusion sequence was then intersected from

746m

to

826.9m

, interpreted

to be representative of the true width of this unit of the system (eg approximately

80m

). This

zone is dominated by monzodiorite, with interpreted later intrusions of minor quartz monzonite

exhibiting patchy potassic alteration and also quartz monzodiorite with chlorite-silica alteration.

The potassic altered quartz monzonite, with chalcopyrite mineralization (see Figure 5(d)), in

TRDD026 at

750m

down hole depth appears similar to and is interpreted to be related to the

potassic altered quartz monzonite in hole TRDD022 at

715m

depth containing elevated gold and

copper. Importantly, this interpretation supports potassic alteration occurring approximately

100m

along strike and to the north of TRDD022.

See Figure 5 for examples of rock types in TRDD026 and interpreted equivalent units to TRDD022

with Figures 3 and 4 illustrating the current intrusive model and interpretation at the Trundle Park

prospect.

The multiple phase, multiple intrusive setting returned in TRDD022 and TRDD026, coupled with

returned mineral tenor in TRDD022 provides indicators of a proximal environment to the targeted

core of an intrusive porphyry system. The multiple intrusive deposits at the neighbouring Northparkes

mine and at Cadia-Ridgeway exhibit such a setting around discrete mineralized cores of only

hundreds of metres width that are vertically extensive and occur in clusters or a series of deposits.

See Figure 4 for an example of the working alteration and geological model of the Trundle Park

prospect relative to the E48 deposit at Northparkes.

A wedge drilling off the previous hole TRDD014 has commenced. This hole TRDD014W1 is seeking

to test the vertical extent of the main mineralized zone in TRDD022 (

46m

@ 0.54 g/t gold and 0.08%

copper) down dip and on strike to the SSE, and horizontally to the NNW from TRDD014 (

10m

@

0.73g/t gold and 0.1% copper). Importantly, TRDD014W1 seeks to determine the potential for the

mineralization in these two holes to be related, and proximal to the potassic core of the currently

defined intrusive system.

Figure 4:

Interpreted structurally controlled sericitic overprinting alteration phase intersected

in TRDD026 adjacent to potassic alteration in TRDD022 supports a further potential

mineralising event within the porphyry system at Trundle Park

Pervasive fault/fracture controlled sericitic alteration often occurs in the centre of

Northparkes/Goonumbla district mineralised systems and extends to depth

While sericitic alteration in the traditional porphyry model is generally associated to be located in a

higher level in the system, deep-level sericite alteration often occurs overprinting or adjacent to the

core of the E48, E26, E27 and E22 porphyry deposits and E44 skarn deposit at the neighbouring

Northparkes system.

Figure 5:

Examples of the rock types and multiple intrusive phases in holes TRDD022 and

TRDD026 at the Trundle Park prospect

(a) Monzodiorite and quartz monzodiorite intrusions

Top: Medium grained equi-granular monzodiorite (light red) cut by quartz-monzodiorite (dark

red) from hole TRDD022 (at

643.6m

downhole).

Bottom: Medium grained equi-granular monzodiorite (light grey) crosscut by quartz monzodiorite

(dark grey) from TRDD026 (at

762.65m

downhole).

(b) Quartz monzonite intrusions

Top: Medium grained equi-granular monzodiorite (light red) cut by potassic altered quartz

monzodiorite (dark red) from TRDD022 (at

713.7m

downhole).

Bottom: Medium grained quartz-monzonite (tan-lime) with strong sericite alteration and quartz-

carbonate veining from hole TRDD026 (at

724.5m

downhole).

(c) Skarn alteration

Top: Skarn alteration, strong chlorite-garnet-epidote altered volcaniclastic breccia crosscut by

late carbonate veinlets from TRDD022 (at

802.9m

downhole).

Bottom: Mega crystal andesite with strong magnetite-chlorite-hematite alteration cut by carbonate-

quartz-chalcopyrite veins (LHS), in turn crosscut by medium grey monzodiorite (RHS) from TRDD062

(at

739m

downhole).

(d) SSE margin of quartz monzonite intrusions

Top: Potassic altered quartz-monzonite (dark red), cutting quartz-monzodiorite (dark grey), in a

mineralised interval with:

2m

@ 0.42g/t gold, 0.11% copper and 7ppm molybdenum from hole

TRDD022 (at

710.6m

downhole).

Bottom: Interpreted strongly potassic (red) altered quartz monzonite cross cut by carbonate-

chlorite-chalcopyrite veinlets from TRDD026 (at

750m

downhole).

Photos of selected intervals which are not representative of the mineralization hosted on the whole

property or Trundle Park prospect but are of the alteration and lithology's intersected in the

mineralized zones in these sections of drill holes TRDD022 and TRDD026, and current working

geological interpretation presented in Figure 3. There is insufficient drilling data to date to

demonstrate continuity of mineralized domains and determine the relationship between

mineralization widths and intercept lengths, true widths are not known.

Trundle Project background

The Trundle Project includes one single license covering 167km

2

and was secured by Kincora in the

March 2020

agreement with RareX Limited ("REE" on the ASX). Kincora is the operator, holds a

65% interest in the Trundle Project and is the sole funder until a positive scoping study is delivered at

which time a fund or dilute joint venture will be formed.

This announcement has been authorised for release by the Board of Kincora Copper Ltd

(ARBN 645 457 763)

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.

Table 1:

Trundle project - Collar Information

For further details, including QAQC procedures, please refer to the following press releases:

1

.

July 6, 2020

- Kincora announces high-grade gold-copper results from first hole at Trundle

2

.

July 23, 2020

- Kincora reports further strong encouragement at Trundle

3

.

September 3, 2020

- Kincora provides update on expanded drilling program at Trundle

4

.

November 30, 2020

- Kincora intersects broad mineralized zones at Trundle

5

.

January 20, 2021

- Kincora intersects further shallow mineralization at Trundle

6

.

March 2021

- Independent Technical Report for the ASX prospectus

7

.

April 22, 2021

- Exploration Update

8

.

July 8, 2021

- Exploration portfolio drilling update

9

.

August 17

2021 - Significant gold-bearing intervals at Trundle Park

Drilling, Assaying, Logging and QA/QC Procedures

Sampling and QA/QC procedures are carried out by Kincora Copper Limited, and its contractors,

using the Company's protocols as per industry best practise.

All samples have been assayed at ALS Minerals Laboratories, delivered to Orange, NSW,

Australia

.

In addition to internal checks by ALS, the Company incorporates a QA/QC sample protocol utilizing

prepared standards and blanks for 5% of all assayed samples.

Diamond drilling was undertaken by DrillIt Consulting Pty Ltd, from Parkes, under the supervision of

our field geologists. All drill core was logged to best industry standard by well-trained geologists and

Kincora's drill core sampling protocol consisted a collection of samples over all of the logged core.

Sample interval selection was based on geological controls or mineralization or metre intervals,

and/or guidance from the Technical Committee provided subsequent to daily drill and logging

reports. Sample intervals are cut by the Company and delivered by the Company direct to ALS.

All reported assay results are performed by ALS and widths reported are drill core lengths. There is

insufficient drilling data to date to demonstrate continuity of mineralized domains and determine the

relationship between mineralization widths and intercept lengths.

True widths are not known at this stage.

Significant mineralised intervals for drilling at the Trundle project are reported based upon two

different cut off grade criteria:

Interpreted near surface skarn gold and copper intercepts are calculated using a lower cut of

0.20g/t and 0.10% respectively; and,

Porphyry intrusion system gold and copper intercepts are calculated using a lower cut of 0.10g/t

and 0.05% respectively.

Significant mineralised intervals are reported with dilution on the basis of:

Internal dilution is below the aforementioned respective cut off's; and,

Dilutions related with core loss as flagged by a "*".

The following assay techniques have been adopted for drilling at the Trundle project:

Gold: Au-AA24 (Fire assay), reported.

Multiple elements: ME-ICP61 (4 acid digestion with ICP-AES analysis for 33 elements) and

ME-MS61 (4 acid digestion with ICP-AES & ICP-MS analysis for 48 elements), the latter

report for TRDD001 and former reported for holes TRDD002-TRDD022.

Copper oxides and selected intervals with native copper: ME-ICP44 (Aqua regia digestion

with ICP-AES analysis) has been assayed, but not reported.

Assay results >10g/t gold and/or 1% copper are re-assayed.

Qualified Person

The scientific and technical information in this news release 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 geological staff under the supervision of

Paul Cromie

(BSc Hons. M.Sc.

Economic Geology, PhD, member of the Australian Institute of Mining and Metallurgy and Society of

Economic Geologists), Exploration Manager Australia, who is the Qualified Persons for the purpose

of NI 43-101.

JORC Competent Person Statement

Information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves

has been reviewed and approved by Mr.

Paul Cromie

, a Qualified Person under the definition

established by JORC and have 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'.

Paul Cromie

(BSc Hons. M.Sc. Economic Geology, PhD, member of the Australian Institute of

Mining and Metallurgy and Society of Economic Geologists), is Exploration Manager Australia for the

Company.

Mr.

Paul Cromie

consents to the inclusion in this report of the matters based on his information in the

form and context in which it appears.

The review and verification process for the information disclosed herein for the Trundle, Fairholme

and Nyngan projects 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.

JORC TABLE 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections).

Criteria

JORC Code explanation

Commentary

Sampling

techniques

Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised

industry standard measurement tools appropriate to the minerals under investigation, such

as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should

not be taken as limiting the broad meaning of sampling.

Include reference to measures taken to ensure sample representivity and the appropriate

calibration of any measurement tools or systems used.

Aspects of the determination of mineralisation that are Material to the Public Report.

In cases where 'industry standard' work has been done this would be relatively simple (e.g.

'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised

to produce a 30 g charge for fire assay'). In other cases more explanation may be required,

such as where there is coarse gold that has inherent sampling problems. Unusual

commodities or mineralisation types (eg submarine nodules) may warrant disclosure of

detailed information

Kincora Copper Limited is the operator of the

Trundle Project, with drilling using diamond coring

methods by DrillIt Consulting Pty Ltd, from which

sub-samples were taken over 2 m intervals and

pulverised to produce suitable aliquots for fire

assay and ICP-MS.

Diamond drilling was used to obtain orientated

samples from the ground, which was then

structurally, geotechnically and geologically

logged.

Sample interval selection was based on geological

controls and mineralization.

Sampling was completed to industry standards

with 1⁄4 core for PQ and HQ diameter diamond

core and 1⁄2 core for NQ diameter diamond core

sent to the lab for each sample interval.

Samples were assayed via the following methods:

Gold: Au-AA24 (Fire assay)

Multiple elements: ME-ICP61 (4 acid

digestion with ICP-AES analysis for 33

elements) and ME-MS61 (4 acid digestion

with ICP-AES & ICP-MS analysis for 48

elements)

Copper oxides and selected intervals with

native copper: ME-ICP44 (Aqua regia

digestion with ICP-AES analysis) has been

assayed, but not reported

Assay results >10g/t gold and/or 1%

copper are re-assayed

Historic sampling on other projects included soils,

rock chips and drilling (aircore, RAB, RC and

diamond core).

Drilling

techniques

Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka,

sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails,

face-sampling bit or other type, whether core is oriented and if so, by what method, etc.).

Drilling by Kincora at Trundle used diamond core

drilling with PQ, HQ and NQ diameter core

depending on drilling depth.

All Kincora core was oriented using a Reflex ACE

electronic tool.

Historic drilling on Kincora projects used a variety

of methods including aircore, rotary air blast,

reverse circulation, and diamond core. Methods

are clearly stated in the body of the previous

reports with any historic exploration results.

Drill sample

recovery

Method of recording and assessing core and chip sample recoveries and results assessed.

Measures taken to maximise sample recovery and ensure representative nature of the

samples.

Whether a relationship exists between sample recovery and grade and whether sample bias

may have occurred due to preferential loss/gain of fine/coarse material.

Drill Core recovery was logged.

Diamond drill core recoveries are contained in the

body of the announcement.

Core recoveries were recorded by measuring the

total length of recovered core expressed as a

proportion of the drilled run length.

Core recoveries for most of Kincora's drilling were

in average over 97%, with two holes averaging

85%

Poor recovery zones are generally associated

with later fault zones and the upper oxidised parts

of drill holes.

There is no relationship between core recoveries

and grades.

Logging

Whether core and chip samples have been geologically and geotechnically logged to a level

of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical

studies.

Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.)

photography.

The total length and percentage of the relevant intersections logged.

All Kincora holes are geologically logged for their

entire length including lithology, alteration,

mineralisation (sulphides and oxides), veining and

structure.

Logging is mostly qualitative in nature, with some

visual estimation of mineral proportions that is

semi-quantitative. Measurements are taken on

structures where core is orientated.

All core is photographed.

Historic drilling was logged with logging mostly

recorded on paper in reports lodged with the NSW

Department of Mines.

Sub-

sampling

techniques

and sample

preparation

If core, whether cut or sawn and whether quarter, half or all core taken.

If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry.

For all sample types, the nature, quality and appropriateness of the sample preparation

technique.

Quality control procedures adopted for all sub-sampling stages to maximise representivity of

samples.

Measures taken to ensure that the sampling is representative of the in situ material collected,

including for instance results for field duplicate/second-half sampling.

Whether sample sizes are appropriate to the grain size of the material being sampled.

Once all geological information was extracted from

the drill core, the sample intervals were cut with

an Almonte automatic core saw, bagged and

delivered to the laboratory.

This is an appropriate sampling technique for this

style of mineralization and is the industry standard

for sampling of diamond drill core.

PQ and HQ sub-samples were quarter core and

NQ half core.

Sample sizes are considered appropriate for the

disseminated, generally fine-grained nature of

mineralisation being sampled.

Duplicate sampling on some native copper bearing

intervals in TRDD001 was undertaken to determine

if quarter core samples were representative, with

results indicating that sampling precision was

acceptable. No other duplicate samples were

taken.

Quality of

assay data

and

laboratory

tests

The nature, quality and appropriateness of the assaying and laboratory procedures used

and whether the technique is considered partial or total.

For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used

in determining the analysis including instrument make and model, reading times, calibrations

factors applied and their derivation, etc.

Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external

laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and

precision have been established.

Gold was determined by fire assay and a suite of

other elements including Cu and Mo by 4-acid

digest with ICP-AES finish at ALS laboratories in

Orange and Brisbane. Over-grade Cu (>1%) was

diluted and re-assayed by AAS.

Techniques are considered total for all elements.

Native copper mineralisation in TRDD001 was re-

assayed to check for any effects of incomplete

digestion and no issues were found.

For holes up to TRDD007 every 20th sample was

either a commercially supplied pulp standard or

pulp blank. After TRDD007 coarse blanks were

utilised.

Results for blanks and standards are checked

upon receipt of assay certificates. All standards

have reported within certified limits of accuracy

and precision.

Historic assays on other projects were mostly gold

by fire assay and other elements by ICP.

Verification

of sampling

and

assaying

The verification of significant intersections by either independent or alternative company

personnel.

The use of twinned holes.

Documentation of primary data, data entry procedures, data verification, data storage

(physical and electronic) protocols.

Discuss any adjustment to assay data.

Significant intercepts were calculated by Kincora's

geological staff.

No twinned holes have been completed.

The intercepts have not been verified by

independent personal.

Logging data is captured digitally on electronic

logging tablets and sampling data is captured on

paper logs and transcribed to an electronic format

into a relational database maintained at Kincora's

Mongolian office. Transcribed data is verified by

the logging geologist.

Assay data is received from the laboratory in

electronic format and uploaded to the master

database.

No adjustments to assay data have been made.

Outstanding assays are outlined in the body of the

announcement.

Location of

data points

Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys),

trenches, mine workings and other locations used in Mineral Resource estimation.

Specification of the grid system used.

Quality and adequacy of topographic control.

Collar positions are set up using a hand-held GPS

and later picked up with a DGPS to less than 10cm

horizontal and vertical accuracy.

Drillholes are surveyed downhole every 30m using

an electronic multi-shot magnetic instrument.

Due to the presence of magnetite in some

alteration zones, azimuth readings are

occasionally unreliable and magnetic intensity data

from the survey tool is used to identify these

readings and flag them as such in the database.

Grid system used is the Map Grid of Australia

Zone 55, GDA 94 datum.

Topography in the area of Trundle is near-flat and

drill collar elevations provide adequate control

Data

spacing

and

distribution

Data spacing for reporting of Exploration Results.

Whether the data spacing and distribution is sufficient to establish the degree of geological

and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation

procedure(s) and classifications applied.

Whether sample compositing has been applied.

Kincora drilling at Trundle is at an early stage, with

drill holes stepping out from previous mineralisation

intercepts at various distances.

Data spacing at this stage is insufficient to

establish the continuity required for a Mineral

Resource estimate.

No sample compositing was applied to Kincora

drilling.

Historic drilling on Trundle and other projects was

completed at various drill hole spacings and no

other projects have spacing sufficient to establish

a mineral resource.

Orientation

of data in

relation to

geological

structure

Whether the orientation of sampling achieves unbiased sampling of possible structures and

the extent to which this is known, considering the deposit type.

If the relationship between the drilling orientation and the orientation of key mineralised

structures is considered to have introduced a sampling bias, this should be assessed and

reported if material.

The orientation of Kincora drilling at Trundle has

changed as new information on the orientation of

mineralisation and structures has become

available.

The angled drill holes were directed as best

possible across the known lithological and

interpreted mineralized structures.

There does not appear to be a sampling bias

introduced by hole orientation in that drilling not

parallel to mineralised structures.

Sample

security

The measures taken to ensure sample security.

Kincora staff or their contractors oversaw all

stages of drill core sampling. Bagged samples

were placed inside polyweave sacks that were

zip-tied, stored in a locked container and then

transported to the laboratory by Kincora field

personnel.

Audits or

reviews

The results of any audits or reviews of sampling techniques and data.

Mining Associates has completed an review of

sampling techniques and procedures dated

January 31st, 2021, as outlined in the Independent

Technical Report included in the ASX listing

prospectus, which is available at:

https://www.kincoracopper.com/investors/asx-prospectus