Kincora Copper has reported promising initial results from its Phase 1 drilling at Nevertire, prompting an expansion of exploration activities and recommencement of drilling to target multiple porphyry centres.
- Phase 1 drilling validates a large, prospective porphyry copper-gold system at Nevertire
- Drilling recommenced to follow up high-priority targets with strong copper and gold grades
- Exploration expanded to cover over 40km strike length across Nevertire and Nevertire South
- Earn-in and joint venture agreements with AngloGold Ashanti support up to A$100 million investment
- Additional geophysical surveys and historical drill core resampling underway to refine targets
Exploration Success at Nevertire
Kincora Copper Limited has delivered an encouraging update on its Nevertire and Nevertire South projects in the Northern Junee-Narromine Belt, Australia. Following the completion of its Phase 1 drilling program in the second half of 2025, the company confirmed the presence of a large, highly prospective porphyry copper-gold system. The initial eight-hole program, totalling over 3,300 metres, intersected multiple intrusive phases and alteration zones consistent with world-class porphyry deposits such as Cadia-Ridgeway and Northparkes.
The drilling results have upgraded the immediate target zone, revealing copper and gold grades that suggest proximity to one or more concealed porphyry centres. This has led Kincora to recommence drilling activities, focusing on infill and step-out holes to refine geological vectors and test multiple potential mineralised centres within the Nevertire Magmatic Complex (NMC).
Expanding the Exploration Footprint
Beyond the immediate drilling targets, Kincora has significantly expanded its exploration scope. New geophysical surveys, including a recently completed ~110km² gravity survey, combined with a comprehensive review and resampling of historical drill core, have extended the prospective strike length across the Nevertire and Nevertire South licences to over 40 kilometres, more than six times the initial Phase 1 drill strike extent.
This province-scale approach aims to systematically evaluate multiple newly interpreted Macquarie Arc intrusive complexes. The company is also preparing for expanded scout drilling at its Nyngan and Nyngan South licences, including plans for a potential maiden drill hole at Nyngan South.
Strategic Partnership with AngloGold Ashanti
The exploration programs are conducted under earn-in and joint venture agreements with AngloGold Ashanti Australia Limited, which has the right to invest up to A$100 million across five projects spanning a continuous strike of more than 100 kilometres within Kincora’s Northern Junee-Narromine Belt portfolio. Kincora manages these programs and earns a 10% management fee on expenditures, providing both operational control and a steady revenue stream.
Technical leadership from industry veterans John Holliday and Peter Leaman underscores the geological confidence in the NMC as the most advanced porphyry project in the northern extensions of the Macquarie Arc. Their commentary highlights the potential for multiple discoveries within this large-scale mineralised system.
Outlook and Next Steps
Kincora’s strategy leverages partner funding and a hybrid prospect generator model to accelerate exploration across its extensive portfolio, which also includes projects in Mongolia and the historical Condobolin mining field in NSW. The recent oversubscribed private placement and corporate restructuring have strengthened the company’s balance sheet, enabling increased drilling activity and further asset-level deals.
With drilling recommenced and exploration activities expanding, Kincora is positioning itself as a leading institutional-grade explorer in Australia’s porphyry copper-gold sector. The coming months will be critical as follow-up drilling results and geophysical data integration refine the understanding of this emerging district-scale opportunity.
Bottom Line?
Kincora’s expanded drilling and exploration at Nevertire could unlock a major new porphyry district, but confirmation awaits further assay results.
Questions in the middle?
- How will upcoming drilling results refine the location and scale of porphyry centres at Nevertire?
- What level of investment will AngloGold Ashanti commit as exploration advances?
- How might Kincora’s expanded exploration footprint impact its valuation and partnership opportunities?