Slide 1: Multiple Pathways to World-Class Gold-Copper Discovery in Australia
ASX: KCC · TSXV: KCC Multiple Pathways to World-Class Gold-Copper Discovery in Australia 4Q 2026 www.kincoracopper.com 1
Slide 2: Corporate Overview
CORPORATE OVERVIEW Kincora is an institutional- grade gold-copper explorer with a district-scale portfolio across Australia's premier mining jurisdictions Our hybrid prospect generator model delivers multiple discovery opportunities across a portfolio of projects and targets assembled by our industr
Slide 3: Corporate Snapshot
Differentiated Hybrid Prospect Generator Model Leverages “traditional” and “next generation” geoscience via partner-funded and self-funded exploration to maximize discovery potential while preserving shareholder capital and minimizing dilution Industry-Leading Technical Team Proven leadership with a
Slide 4: Capital Structure Snapshot
CORPORATE OVERVIEW Capital Structure Snapshot 48M $47M Shares / CDIs on issue Undiluted market cap Compact share count helps preserve Current capitalisation reflects a upside per deal and discovery still-early discovery rerating opportunity $0.98 ~$13M Share price Cash on hand 52-week range $0.70 -
Slide 5: Board & Management
John Holliday Peter Leaman CHAIR TECHNICAL COMMITTEE TECHNICAL COMMITTEE NON-EXECUTIVE DIRECTOR SENIOR VP EXPLORATION LEADERSHIP Board & Management Sam Spring TECHNICAL COMMITTEE PRESIDENT & CEO, DIRECTOR Cerith Frame TECHNICAL COMMITTEE, EXPLORATION & BUSINESS DEVELOPMENT MANAGER Technically driven
Slide 6: Advisory Board
Kaitlin Taylor INVESTOR RELATIONS LEADERSHIP Advisory Board Jeff Phillips Brent Cook STRATEGIC ADVISOR ECONOMIC GEOLOGY JUNIOR RESOURCE SECTOR EXPLORATION ANALYSIS Specialist firepower beyond the boardroom The advisory board extends Kincora’s reach across exploration, asset-level partnerships, inves
Slide 7: Kincora Portfolio
OUR CORE PROJECTS Kincora Portfolio ASX: KCC · TSXV: KCC 7
Slide 8: Hybrid Prospect Generator Model
+$100M +$10M PARTNER FUNDED EXPLORATION potential third-party in partner-funded asset level investment exploration since late 2024 Hybrid Prospect Generator Model Partners fund majority of exploration expenditure with Kincora’s primary role being generating large- scale porphyry system targets and o
Slide 9: Focused Value Add
Divesting Mongolian project to recognize value, generate cash, recycle cash and streamline focus SOLE FUNDED EXPLORATION to core NSW portfolio Focused Value Add Project origination and earlier stage exploration to add scale, support proof of exploration concepts and asset level value, also reflectin
Slide 10: Kincora's Pipeline
STRATEGY Kincora’s Pipeline Generate → Truth → Partner → Retain Material Exposure To Discovery Upside GEOLOGICAL GENERATE & ADVANCE & PARTNERS OR PARTNER-FUNDED 01 02 03 04 05 THESIS & TARGETS ACQUIRE GROUND TRUTH DIVEST DISCOVERY • “Traditional” reviews • Peg open ground/claims • Geophysics, surfac
Slide 11: Early Stages Of Execution
STRATEGY Early Stages Of Execution Ramping up scale with More Deals and More Drilling Pre 2015 / 2016 2019 / 2020 2023 / 2024 2026 / 2027 Prior commodity 02Kincora pivot in jurisdiction Kincora pivot in funding model 05 Increasing cash each quarter of cycle funder + Builds NSW portfolio + Initial as
Slide 12: Porphyry Projects
MACQUARIE ARC Porphyry Projects ASX: KCC · TSXV: KCC 12
Slide 13: Australia's foremost porphyry district
DISTRICT PROJECTS Australia’s foremost porphyry district Multiple world-class mines New discoveries being made and rewarded Active M&A & majors partnering with juniors References provided in the Appendix ASX: KCC · TSXV: KCC 13
Slide 14: Northern Junee-Narromine Belt (NJNB) project
PORPHYRY PROJECTS Northern Junee-Narromine Belt (NJNB) project Nyngan West L O C A TIO N SI ZE STA G E FUNDING B Y C A TA L YST Macquarie Arc 2,359km² Greenfield AngloGold Drilling Ashanti Nyngan license TA R G E TS Nevertire, Nevertire South, Nyngan, Nyngan South & Mulla licenses • Epithermal gold-
Slide 15: NJNB Project: Intrusive Complexes Upgraded
NJNB PROJECT NEW PROVINCE SCALE IMMEDIATE TARGET / INITIAL INTRUSIVE COMPLEXES UPGRADED Long Section on Slide 16 References provided in the Appendix ASX: KCC · TSXV: KCC 15
Slide 16: Geological characteristics required for multiple discoveries
NJNB PROJECT Geological Suggestive of increasing proximity to system core(s) Plan View on Slide 15 characteristics required for multiple Nevertire target discoveries SAME SCALE Cadia Ridgeway deposit References provided in the Appendix ASX: KCC · TSXV: KCC 16
Slide 17: Nyngan West project
PORPHYRY & CRITICAL MINERALS PROJECT Nyngan West project L O C A TIO N SI ZE STA G E FUNDING B Y C A TA L YST(S) Macquarie Arc 207km² Greenfield Kincora Drilling Fifield Suite TA R G E TS • Epithermal gold-base metal style • Porphyry related copper- • Ultramafic hosted critical mineral system, miner
Slide 18: Cowal East project
PORPHYRY PROJECT Cowal East project L O C A TIO N SI ZE STA G E FUNDING B Y C A TA L YST(S) 101km² Geophysics Brownfield Kincora Macquarie Arc + 9km² Application Atomionics Drilling New partnership TA R G E TS • Epithermal gold-base metal style mineralization • Porphyry related copper-gold Historic
Slide 19: Fairholme project
PORPHYRY PROJECT Fairholme project L O C A TIO N SI ZE STA G E FUNDING B Y C A TA L YST(S) Macquarie Arc 190km² Brownfield Kincora Drilling, New partnership TA R G E TS • Epithermal gold-base metal style mineralization • Porphyry related copper-gold Historic / Nearby Production Kincora Strategy • Lo
Slide 20: Trundle project
PORPHYRY PROJECT Trundle project L O C A TIO N SI ZE STA G E FUNDING B Y C A TA L YST(S) Macquarie Arc 167km² Brownfield Kincora Drilling, New partnership TA R G E TS • Porphyry and skarn related copper-gold • Epithermal gold-base metal style mineralization Historic / Nearby Production Kincora Strat
Slide 21: Cundumbul project
PORPHYRY PROJECT Cundumbul project L O C A TIO N SI ZE STA G E FUNDING B Y C A TA L YST(S) Macquarie Arc 35km² Greenfield Kincora Target refinement New partnership TA R G E TS • Epithermal gold-base metal style mineralization • Porphyry related copper-gold Historic / Nearby Production Kincora Strate
Slide 22: Wongarbon project
PORPHYRY PROJECT Wongarbon project L O C A TIO N SI ZE STA G E FUNDING B Y C A TA L YST(S) Macquarie Arc 156km² Greenfield NSW Govt, Fleet Space, Drilling Kincora Geophysics TA R G E TS • Porphyry related copper-gold • Epithermal gold-base metal style mineralization Exploration Concept Kincora Strat
Slide 23: Condobolin Project
COBAR BASIN Condobolin Project ASX: KCC · TSXV: KCC 23
Slide 24: Consolidation accelerating in the Cobar District
DISTRICT PROJECTS Consolidation accelerating in the Cobar District High-grade gold rich critical mineral deposits Under-utilized infrastructure/mills Active M&A MATURE MINES – Initial focus of recent M&A Active since 1870 - Long plant capacity/Short ore • Harmony’s A$1.6b acquisition of MAC Copper •
Slide 25: Condobolin project
COBAR BASIN Condobolin project L O C A TIO N SI ZE STA G E FUNDING B Y C A TA L YST Cobar Basin 242km² Brownfield Kincora Drill results & review TA R G E TS District scale historical mining field - Meritilga, Phoenix and Tilga targets • Near surface high-grade epithermal gold, silver-base metals • D
Slide 26: Historic shallow mining field
CONDOBOLIN PROJECT Historic shallow OBSTACLE INTO OPPORTUNITY Easy exploration by modern standards Water previously impeded mining & exploration efforts mining field MERITILGA TARGET: DISCOVERY HOLE Anomalous soil geochemistry zonation 4m @ 20g/t Au, 0.26% Cu, supports a much larger mineralised 30.2
Slide 27: Latest Phase of Exploration Made the Meritilga Discovery
CONDOBOLIN PROJECT Latest Phase of Exploration Made the Meritilga Discovery Condobolin project - Meritilga target along strike Kincora (KCC.ASX/TSXV) CSA Mine Achilles discovery Examples of $40 million mkt cap Cobar Basin $1.6 billion takeover of MAC Copper systems Harmony Gold Australian Gold & Cop
Slide 28: Kincora Portfolio Summary
Kincora Portfolio Summary Project Partner Status News / Results Third Party Funding Management Fee Income Northern Junee-Narromine Belt Drilling Rolling AngloGold Ashanti 10% of expenditure Drilled: 9 holes & Condobolin 100% Owned 4Q'2026 — — review pending Drilled: Discussions Wongarbon 4Q'2026 Gov
Slide 29: Why Invest?
KINCORA COPPER Discovery potential with Why Invest? disciplined capital exposure Au-Cu Tier-1 01 02 Exposure to Tier-1 Gold-Copper Districts Proven Discovery Team Hybrid Near-term Strategic land position within Australia’s premier mining Leadership and technical expertise with a demonstrated camps,
Slide 30: Appendix
APPENDIX ASX: KCC · TSXV: KCC 30
Slide 31: Increasing M&A, earn-in's & discovery
DISTRICT PROJECTS Increasing M&A, earn-in’s & discovery MACQUARIE ARC Australia’s foremost porphyry belt • Newmont buys Newcrest in 2023 (flagship Cadia ) • Evolution buys 80% of Northparkes in 2023 ($720m – fully repaid) • Evolution buys Cowal in 2015 as cornerstone asset: since >3x the resource to
Slide 32: Leverage to the upside
PROSPECT GENERATOR MODEL Leverage to the upside CASE STUDIES Historic success stories MODERN DAY Porphyry examples ~C$1b >130x US$365m >15x ~£1.5b >20x >C$50m >5x >C$60m >5x >C$330m >8x Takeover Takeover Mkt Cap Mkt Cap Mkt Cap Mkt Cap Arequipa Resources Reservoir Minerals Greatland Gold Inflection
Slide 33: Reduced Risk Profile
PROSPECT GENERATOR MODEL Reduced Risk Profile FINANCIAL STRUCTURE COMPARISON RISK PROFILE COMPARISON Partner Funding Limited or none Significant portion of exploration budget Exploration Risk Higher — Often relatively Lower — generally diversified "binary" and "all-in" on across multiple/portfolio o
Slide 34: Important notices
Important notices DISCLAIMER Certain disclosure may constitute "forward-looking statements”. In making the forward-looking statements, Kincora Copper Limited (ARBN 645 457 763)(“Kincora” or the “Company”) has applied certain factors and assumptions that the Company believes are reasonable. However,
Slide 35: References
References The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements, and that all material assumptions and technical parameters have not materially changed. Kincora also confirms that the form and c
Slide 36: References
References (f) Cowal East project: On March 10, 2026, Kincora announced (see “Kincora consolidates, commences Geophysics at Cowal East”) a new partnership with Atomionics initially for the Cowal East project, with a pathway for other projects. At Kincora’s costs a “traditional” ground gravity survey
Slide 37: Contact Us
CONTACT US Sam Spring Kaitlin Taylor President & CEO Investor Relations Time Zone: Australian Eastern Standard Time Zone: North American Eastern Standard sam.spring@kincoracopper.com investors@kincoracopper.com +61 431 329 345 +1778 887 6861 ASX: KCC · TSXV: KCC 37