• First ever hole to basement geology commenced at the Wongarbon project
• Designed to test a large buried magnetic anomaly interpreted as a gold-copper porphyry target
• Seeks to confirm the Wongarbon project hosts one of the few remaining large and untested intrusive complexes of the Macquarie Arc and located within a common transverse structure to the recent 14.7Moz gold equivalent Boda and Kaiser porphyry discoveries
• Anticipated 650 metre hole expected to take approximately 4-weeks to complete
• Funding grant from the New South Wales (NSW) State Government supports an anticipated cost of less than US$100,000 to Kincora shareholders
• Results will assist optimise follow up exploration, including Kincora’s multi-phase partnership with Fleet Space Technologies’ (Fleet Space) utilising its AI-powered ExoSphere platform, which integrates real-time geophysical sensors, proprietary multiphysics surveys, geochemistry and AI-enabled drill targeting into a single workflow
• Fleet Space has the right to earn a minority non-carried interest in the project with drilling
Melbourne, Australia - November 18th, 2025
Gold-copper explorer and hybrid project generator Kincora Copper Limited (ASX & TSXV: “KCC”) (Kincora or the Company) is pleased to have commenced drilling at the Wongarbon porphyry project designed to provide the first ever sample of basement geology and test a prominent magnetic anomaly analogous to the anomalies associated with the largest greenfield discoveries in the Macquarie Arc in recent decades.
John Holliday, Technical Committee chair, commented:
“There is a good chance that the next Cadia-scale deposit in the Macquarie Arc will be found in the covered and underexplored parts of the Lachlan Fold Belt.
This is virgin territory and a major opportunity with huge upside. Regional magnetics has proven very effective in mapping the prospective Macquarie Arc belts and the major porphyry deposits have identifiable magnetic intrusive complex signatures. The Wongarbon project is a real stand out untested example of this signature in the right location and with the right features.
I am very excited for Kincora to drill the first hole ever into basement geology at Wongarbon. This hole is set to finally test a target that I had first recognised back in 1996 before the Cadia-Ridgeway and Far East discoveries that year.
Wongarbon is a prime candidate for major discovery, and this first hole will provide very valuable information to assist guide follow up activities.”
Sam Spring, President and CEO and Peter Leaman, VP of Exploration added: “Wongarbon is an elephant scale target located in elephant country, favorably located near to and potentially associated with the most significant new porphyry system discovery in NSW of recent decades (the Boda-Kaiser deposits).
While you can’t ever expect to make a discovery with your first hole, regardless this hole will greatly assist follow up exploration and optimise the innovative multi-phase partnership in place with Fleet Space.
Coupled with last month’s funding grant from the NSW Government, the risk reward scenario is highly compelling and unique on a global perspective. The expected cost of less than US$100,000 to Kincora shareholders compares exceptionally well to similar nature targets requiring budgets of greater than US$1-million in the America’s.
This hole is in-line with Kincora’s capital efficient value add strategy for its sole funded projects and offering shareholders multiple shots on goal with seven different licenses being drilled within a 12-month horizon.”
To read the full announcement, please click here
Melbourne, Australia - November 18th, 2025
Gold-copper explorer and hybrid project generator Kincora Copper Limited (ASX & TSXV: “KCC”) (Kincora or the Company) is pleased to announce the appointment of Mr. James Durrant to Kincora’s Board of Directors (Board). Concurrent to this appointment, Mr. Jeremy Robinson will resign from the Board with immediate effect.
Mr. Durrant is currently the Managing Director & Chief Executive Officer of RareX Limited (ASX: “REE”) and the Chairman of EAU Lithium. James is an accomplished mining executive with over 15-years’ experience in mine operational leadership and late-stage exploration projects through to project execution with specific experience in ESG, indigenous population engagement, technical marketing, project development, financing and government relations. James has on-the-ground experience in East and West Africa and the Horn of Africa, South America and Australia across multiple commodities.
Mr. Robinson came onto Kincora’s Board in December 2023 concurrent with RareX vending its remaining 35% interest in the NSW portfolio of projects that Kincora had joint ventured into in 2020. This milestone resulted in Kincora securing 100% project ownership and enabling the pivot to a prospect generator funding and asset level partnership model.
Chair, Cameron McRae, commented:
“We are deeply grateful for the contribution that Jeremy has made into Kincora. Having such a capable replacement in James (and RareX’s Managing Director) will ensure continuity of strategic purpose, alignment of key shareholders on the Board and bring James’ considerable business development skills to the directors' collective skill set.”
Click here to read the announcement
About us:
About Kincora:
Kincora Copper Limited (“KCC”: ASX & TSXV) is an emerging Australiafocused gold-copper explorer with a hybrid project generator strategy.
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 13,500 metres of drilling and over A$6.5m of partner funded exploration since late 2024, with management fees and exploration ramping up.
Partner discussions are ongoing for its remaining 100% owned flagship projects that are all situated within existing porphyry camps containing over 20-million-ounce gold equivalent resource inventory.
By having a significant portfolio of partner funded large porphyry projects, and a very focused program on a 100% owned Condobolin project, 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.
For more information please visit Kincora’s website at www.kincoracopper.com
Contact details:
For further information please contact:
Sam Spring
President & Chief Executive Officer
[email protected]
+61 431 329 345
Laurie Thomas
Strategic Advisor
[email protected]
+1 306 341 3826
