Kincora Copper Hits Multiple Porphyry Targets in Northern Junee-Narromine Belt

Exploration Breakthroughs in the Northern Junee-Narromine Belt

Kincora Copper Limited has delivered an encouraging update on its exploration efforts in the Northern Junee-Narromine Belt (NJNB) of New South Wales, Australia. The company’s recent drilling campaigns at the Nyngan and Nevertire projects have revealed multiple promising geological features consistent with porphyry copper and epithermal gold mineralisation, a significant step forward in unlocking the potential of this underexplored extension of the Macquarie Arc.

At Nyngan, the initial scout drilling program has identified several composite volcano-intrusive complexes, notably within the Ace of Spades and Gerar target areas. These complexes exhibit encouraging geology and anomalous assay results, supported by a recent ground gravity survey that expanded the search space at relatively shallow depths. The findings suggest a fertile environment for porphyry copper and epithermal gold systems, prompting plans for further scout drilling and a potential Stage 2 step-out phase.

Nevertire Projects – Confirming a Large Porphyry System

Meanwhile, drilling at the Nevertire and Nevertire South projects is ongoing, marking the first program since Kincora consolidated ownership of the tenements covering an extensive >8km strike of the Nevertire Magmatic Complex (NMC). Early observations from the seven-hole program reaffirm the NMC as the most advanced and geologically prospective porphyry project within the covered Macquarie Arc extensions. The program employs a cost-effective combination of mud-rotary drilling through post-mineral cover followed by diamond core drilling into basement rocks, a technique that has proven efficient in the Nyngan campaign.

Initial step-out holes have intersected multiple porphyritic intrusive phases with favourable alteration minerals and sulphide mineralisation, including chalcopyrite and bornite, indicative of a potentially telescoped hydrothermal system. These encouraging geological signs have already led to planning for follow-up geophysical surveys to refine targets ahead of subsequent drilling phases.

Strategic Partnerships and Funding to Accelerate Exploration

Kincora’s exploration activities in the NJNB are conducted under earn-in and joint venture agreements with AngloGold Ashanti Australia Limited, which holds rights to invest up to A$100 million across five projects spanning over 100 kilometres of strike. Kincora manages these programs and receives a management fee of 10% of expenditures, providing a sustainable revenue stream alongside exploration upside.

Complementing these efforts, Kincora recently completed an oversubscribed C$4 million private placement led by prominent North American investors, including Rick Rule and Jeff Phillips. This capital injection supports accelerated drilling, corporate restructuring, and the company’s hybrid project generator strategy, which aims to leverage partner funding while advancing its 100% owned projects such as Condobolin in the Cobar superbasin.

Positioning in a Globally Recognised Porphyry Belt Extension

The Northern Junee-Narromine Belt represents a district-scale, undercover extension of the Macquarie Arc, a world-class porphyry belt that hosts significant copper and gold deposits. Despite the region’s potential, it has seen limited prior drilling due to post-mineral cover. Kincora’s early mover advantage and strategic partnerships position it well to unlock new discoveries analogous to major deposits in the southern Macquarie Arc.

Industry experts within Kincora’s technical team, who have a track record of world-class discoveries, are driving the exploration programs. The company’s approach combines modern geophysical techniques, such as Ambient Noise Tomography and gravity surveys, with systematic drilling to vector towards economically viable mineralisation.