Slide 1: Trundle Project Presentation
Trundle Project Presentation Melbourne, Australia — October 27th, 2022 Please find attached for release to the market, Kincora Copper Limited’s presentation on its flagship and brownfield Trundle copper-gold porphyry project. This announcement has been authorised for release by the Board of Kincora
Slide 2: Trundle project: High impact porphyry targets
Trundle project: High impact porphyry targets KINCORA High conviction – results driven COPPER October 2022 Recent results include the highest grade primary mineralisation interval drilled so far at the brownfield Trundle project. Photo of high grade zone and porphyry vein at the Southern Extension Z
Slide 3: Cautionary Statement
Cautionary Statement Certain disclosure may constitute "forward-looking statements”. In making the forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable. However, the forward-looking statements are subject to numerous risks, unce
Slide 4: Next phase of drilling to commence at Trundle
Next phase NYNGAN N of drilling to Cobar Nyngan NEVERTIRE Kincora’s projects in RED commence MULLA Flagship Trundle project highlighted at Trundle Dubbo Tier 1 copper province Australia’s foremost porphyry region Wellington Trundle is the only brownfield porphyry project held by a listed junior TRUN
Slide 5: Why porphyry exploration?
Why porphyry exploration? • The discovery of a new globally significant porphyry deposit(s) generates significant shareholder returns through the cycle • Porphyries generally occur in a series of deposits along mineralised trends – offering multiple discovery opportunity • Porphyries supply >70% of
Slide 6: Trundle: Ticks the boxes for a porphyry explorer
Trundle: Ticks the boxes for a porphyry explorer • Last phase of drilling discovered the largest mineralised skarn system in NSW with ore grade porphyry interval at depth • Expert technical reviews advanced mineral system controls, refine vectors and generate high conviction targets • Next phase of
Slide 7: What are we drilling for? A series of deposits
What are we drilling for? A series of deposits Illustration of the world-class porphyry discoveries In the Macquarie Arc (Australia’s foremost porphyry province) Cadia >50Moz Au Northparkes 5.5Moz Au >9.5Mt Cu CMOC & Sumitomo 4.5Mt Cu Newcrest Big Little Cadia Cadia Cadia is Australia’s largest gold
Slide 8: The next generation of porphyry discovery's
The next generation of porphyry discovery’s In the Macquarie Arc (Australia’s foremost porphyry province) Boda 5.2Moz Au Trundle 0.9Mt Cu Kincora Alkane Trundle Park prospect 3.2km Dunn’s Botfield prospect prospect Satellite image Satellite image Surface projection of mineralisation >0.2g/t Au Surfa
Slide 9: Milestones to high conviction targets
Milestones to high conviction targets Actively and methodically validating and de-risking targets towards Tier-1 scale porphyry discoveries 2H 2019 4Q 2019 -1Q 2020 2Q 2020 - 2Q 2022 2Q – 3Q 2022 Now Pivot in focus to Strategic & district Drilling validates Reviews advanced High conviction & Lachlan
Slide 10: Trundle: Quarter of a world-class mining complex
Trundle: Quarter of a world-class mining complex Australia’s 2nd largest porphyry mine at Northparkes, the eastern section of the complex Rift Basin Peak Hill At mineral deposition TRUNDLE FMG NORTHPARKES TRUNDLE NORTHPARKES . . . . . EASTERN MORDIALLOC WESTERN SECTION Northparkes Caldera Boundary R
Slide 11: Northparkes series of mines
Eastern side of Northparkes E37W E37 0 1 2 km Igneous Complex Veedas >24Moz AuEq Northparkes series of mines E22 1 55500 E27 1 • 22 porphyry systems defined to date • 4 main ore systems mined, 5 planned 54700 nT • 40% of discoveries economic E48 54000 4.5 km Hopetoun Gold strike E28NE 1 Plan view an
Slide 12: Trundle series of systems
Western side of Northparkes 0 1 2 km Igneous Complex Same scale to Northparkes Rawenswood Bloomfield South prospect prospect Trundle series of systems Dunn’s North 55500 Extension prospect • 5 adjacent porphyry systems to be drilled over a near surface mineralised and 54700 nT magnetic complex strik
Slide 13: Trundle: discoveries to date
Trundle Trundle:discoveries Why Now? to date • 2 discoveries so far by Kincora Multiple phase, zoned, porphyry intrusive typical of the Macquarie Arc (within 1.3km strike) - Eastern/Central Zones: - Hole TRDD001: 51m @ 1.17g/t Au, 0.54% Cu including 8m @ 3.07g/t Au, 1.95% Cu - skarn with causative p
Slide 14: Trundle: Why Now?
Trundle: Why Now? High conviction - results driven Focused drilling, expert reviews, and new high grade discovery have… Refined high conviction targets Improved understanding of Pipeline offering world-class scale Shallow depths & deep mineral system controls potential porphyry ore source Reaffirmed
Slide 15: Pivot in drilling strategy: leveraging scale potential
Trundle: Why Now? Pivot in drilling strategy: leveraging scale potential 30 Kincora drilling to date Zones drill tested Botfield 2x open pit depth target SEZ Mod-Deep with coop funding 4 zones / 24 holes / ~16,000m NE Gold Dunn's South Mineralisation from surface Mineralisation from surface Dunn's N
Slide 16: Trundle: Why Now? Prior drilling vs next phase
Trundle: Why Now? Prior drilling: Next phase: • • >70% of holes have been deep (>500m) generally following up open ore grade intervals Pivot in drilling strategy: toward shallower porphyry targets with open • testing porphyry (not skarn) targets ore grades • only 1 deeper target from 400m testing 2
Slide 17: Kincora Copper
Kincora Copper High conviction – results driven High impact next phase of drilling at Trundle: • follows up recent ore grade porphyry discovery • increases scale potential with more and shallower targets Multiple discovery potential: best targets at 5 zones Right Right Right Team Place Time Tier-1 c
Slide 18: Trundle: Targets in detail
Trundle: Targets in detail Trundle main stream 17
Slide 19: Geochemical footprints & series of deposits
Geochemical footprints & series of deposits Next phase tests scale potential Multiple discovery opportunity’s across a 3.2km mineralised and magnetic system complex TRUNDLE PROJECT Significant coincident mineral footprints and magnetic Big Cadia complexes in both the north and south of license North
Slide 20: Significantly improved vectors results in high conviction
Significantly improved vectors results in high conviction High conviction targets driven by comprehensive internal and external technical reviews 4 shallow porphyry target zones (Dunn’s Nth + Sth, NE Gold Zone and Botfield), with 1 deeper hole following up high grade (SEZ, seeking coop funding suppo
Slide 21: Series of porphyry systems, shallow depths with grade
Series of porphyry systems, shallow depths with grade Kincora drilling has focused on 2 zones (Eastern/Central & Southern Extension Zones (SEZ)) Northparkes • 22 porphyry systems defined to date Resulting in 2 discoveries, including the highest primary mineralisation to date at the project (SEZ) • 4
Slide 22: Multiple discovery potential: best targets at 5 zones
Multiple discovery potential: best targets at 5 zones 4 testing existing ore grade scale potential Other hosts historical informal mining, coincident with large magnetic complex with shallow copper-gold - an untested skarn &/or porphyry complex Target System Prospect Analogue Best prior interval Sum
Slide 23: Dunn's North + South prospects
Dunn’s North + South prospects Mineralisation from surface with more favourable vectors than what led to the respective discovery holes at the initial E22 & E27 deposits/mines at Northparkes (both E22 and E27 discovered with the first respective diamond drill holes following up air-core anomalies) P
Slide 24: NE Gold Zone, Trundle Park prospect
NE Gold Zone, Trundle Park prospect Favourable gold geochemistry, alteration & level in the porphyry system Analogue to the gold rich E44 skarn development project, the proposed first satellite mine to the existing Northparkes mill Plan view Cross Section Open Open TRDD016 TRDD016 TRDD018 TRDD018 39
Slide 25: Southern Extension Zone, Trundle Park prospect
Southern Extension Zone, Trundle Park prospect First sign of porphyry potential in the largest mineralised skarn in NSW drove the highest primary mineralisation to date at Trundle Interpreted porphyry vein drove 2m @ 19.9g/t Au, 2.43% Cu interval within wider 34m @ 1.45g/t Au, 0.25% Cu TRDDO32 TRDDO
Slide 26: Relative depth profiles: SEZ @ Trundle Park in perspective
Relative depth profiles: SEZ @ Trundle Park in perspective High grade (at depth) from Cadia-Ridgeway underpinned and bootstrapped the Cadia project Newcrest is now mining at depth from Cadia East at negative cash costs with head grades of ~0.80g/t Au, ~0.40% Cu Cross Sections Cadia-Ridgeway Trundle
Slide 27: Botfield prospect
Botfield prospect The large magnetic complex coincident with shallow copper-gold at Botfield is indicative of a large untested skarn &/or porphyry complex Following up the SEZ porphyry on a lateral setting (the distance from Botfield to the SEZ is comparable to the Little Cadia skarn and its causati
Slide 28: Appendix: Corporate overview
Appendix: Corporate overview Railing siding and train at Trundle 27
Slide 29: Why Kincora?
Why Kincora? Converting potential into value: testing a scalable series of new brownfield porphyry systems High Impact Targets Methodical Exploration Industry leading geoscience confirms ore grade >80% of treasury into exploration potential within established mineral systems + recent brownfield disc
Slide 30: What is Kincora?
What is Kincora? Significant leverage to exploration success Ticker “KCC” on TSXV & ASX Market Cap1 122.9m total shares (49.2m TSXV / 73.6m ASX)4 $7.6m Other TSXV Management/ Transferred to ASX CDIs since listing4 (listed March 30th, 2021) Board 6% $2.3m NPC 6% Cash2 Other ASX Highly Disciplined3 LI
Slide 31: A direct peer comparison
A direct peer comparison Magmatic’s Kingswood/Corvette v Kincora’s Trundle Park discoveries: ”gold equivalent’ plots of assay results (source: Bridge Street research: Sep’ 2022) “And comparing the market capitalisations of both companies, it’s quite clear that KCC has received no recognition for the
Slide 32: Who is Kincora?
Who is Kincora? Highly accomplished technical team with an outstanding track record of project generation and discovery John Holliday Peter Leaman Paul Cromie Industry Leading John Holliday Peter Leaman Paul Cromie Technical Team Technical committee chair Technical committee Exploration Manager A fo
Slide 33: Discovery team with dynamic + rounded board
Discovery team with dynamic + rounded board Professional board focused on exploration excellence Key milestones Cameron McRae Sam Spring Independent Chairman President & CEO, Director ü Technical Committee formed (2017): Chair Remuneration Committee Technical Committee Tier-1 discovery focus Based i
Slide 34: Drilling to date in NSW
Drilling to ü Focused, cost effective and strong vectors for follow up targets ü Cash cost base benefits from location in Central-West NSW, team/remuneration date in NSW structures, cooperative funding grants and shallower drilling profiles that drive exploration dollars further Summary of activitie
Slide 35: What's next? High impact and conviction drilling
What’s next? High impact and conviction drilling Target System Project Prospect Analogue Summary depth target Next stage tests 5 zones with 6 holes: • Following up recent high grade discovery and porphyry source at Southern Extension Trundle See slide 21 for further details Zone • 4 shallow new porp
Slide 36: Contact
CLICK HERE FOR AN EXPLORATION STRATEGY & PROGRESS VIDEO Contact Sam Spring President & CEO @KincoraCopper KINCORA sam.spring@kincoracopper.com Melbourne +61431 329 345 Kincora Copper Limited www.kincoracopper.com COPPER ASX/TSXV: KCC 35
Slide 37: Trundle Project background
Trundle Project background The Trundle Project is located in the Junee-Narromine volcanic belt of the Macquarie Arc, less than 30km from the mill at the Northparkes mines in a brownfield setting within the westerly rift separated part of the Northparkes Igneous Complex (“NIC”). The NIC hosts a miner
Slide 38: JORC Table 1 Section 1 Sampling Techniques and Data
o Assay results >10g/t gold and/or 1% copper are re-assayed. The following assay techniques have been adopted for drilling at the Fairholme project: o Gold: Au-AA24 (Fire assay), reported. o Multiple elements: ME-ICP61 (4 acid digestion with ICP-AES analysis for 33 elements) and ME-MS61 (4 acid dige
Slide 39: Drilling techniques
rock chips and drilling (aircore, RAB, RC and diamond core). Drilling • Drill type (e.g. core, reverse • Drilling by Kincora at Trundle has used diamond techniques circulation, open-hole hammer, core drilling with PQ, HQ and NQ diameter core rotary air blast, auger, Bangka, depending on drilling dep
Slide 40: Quality of assay data and laboratory tests
the original results. Kincora has reported the average of the assay results for both gold and base metals. • No other duplicate samples were taken. Quality of • The nature, quality and • Gold was determined by fire assay and a suite of assay data appropriateness of the assaying and other elements in
Slide 41: Sample security
structure deposit type. across the known lithological and interpreted • If the relationship between the mineralised structures. drilling orientation and the • There does not appear to be a sampling bias orientation of key mineralised introduced by hole orientation in that drilling not structures is
Slide 42: Drill hole Information Data
style of mineralisation. part of the Lachlan Orogen. • Rocks comprise successions of volcano- sedimentary rocks of Ordovician age intruded by suites of subduction arc-related intermediate to felsic intrusions of late Ordovician to early Silurian age. • Kincora is exploring for porphyry-style copper
Slide 43: Other substantive exploration data
and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. Other • Other exploration data, if meaningful • No other exploration data is considered material substantive and material, should be reported to the reporting of results at Trundle. Other data exp