Kincora Copper Limited · TSXV:KCC
Kincora Copper — Investor Presentation (May 2023)
51 slides from Kincora Copper's investor presentation, May 10, 2023
Slide 1: Extensive multiple system porphyry complex confirmed at Trundle
Extensive multiple system porphyry complex confirmed at Trundle • All five diamond holes of the current Trundle project program have confirmed an extensive multiple system gold-copper complex o Four adjacent mineralised system targets drilled with shallow higher grade and board gold-copper mineralis
Slide 2: Highlights of new results from Trundle
• Highlights of new results from Trundle o Botfield prospect - assay results for hole TRDD037 (western hole) with a high-grade vein and mineralised skarn from 112m and 330m vertical, respectively: o 2.9m @ 0.95% copper and 0.62g/t gold within coarse banded chalcopyrite- bornite-pyrite veins (from 12
Slide 3: Figure 1: Trundle drilling confirms extensive multiple system porphyry complex
Figure 1: Kincora’s drilling at the Trundle project is has confirmed an extensive multiple system porphyry complex across 4 adjacent system targets and 3.2km mineralised strike. Neighbouring explorer drilling has also tested the western and southern extensions of existing known mineralised systems a
Slide 4: Drilling update
Drilling update Kincora Copper Limited (ASX & TSXV: KCC, Kincora or the Company) is pleased to provide an exploration update from drilling activities in the Lachlan Fold Belt (LFB) in NSW, Australia, as the ongoing program seeks to test a total of 13 gold-copper discovery opportunities across a pipe
Slide 5: Figure 2: Extensive mineralised magnetite skarn system coming toward surface
Figure 2: Extensive mineralised magnetite skarn system coming toward surface Causative mineralising porphyry source and pathway yet to be confirmed for the Southern Extension Zone (SEZ)-Botfield magnetite skarn Cross Section W SEZ Botfield E Historical workings (projected) TRDD029 430m 36m @ 0.68 g/
Slide 6: Botfield prospect
Botfield prospect Kincora has completed two holes at the Botfield prospect that have for the first time drill tested a large magnetic high complex coincident with shallow anomalous copper-gold results and an Induced Polarisation (IP) chargeability high anomaly. Kincora’s first and most western hole
Slide 7: Photo 1: Examples of key mineralised zones from hole TRDD039
Photo 1: Examples of key mineralised zones from hole TRDD039 Assay results pending (a) Coarse chalcopyrite-pyrite banded carbonate vein (similar to TRDD037 @ 131m) - insert @ 92.9m (b) Semi-massive skarn, pyroxene-feldspar-garnet altered basaltic andesite - insert @ 288.6m of semi- massive magnetite
Slide 8: North-East Gold Zone prospect
Furthermore, the Company cautions that given the style and nature of mineralisation encountered visual estimates must be used with a high degree of caution with third party and specialist thin sections and petrography required to provide a high degree of confidence for visual estimates. Visual Kinco
Slide 9: Meritilga prospect historic results and geological concept
The best gold grades compiled from historic information included: • 5m @ 7.9g/t gold, 22g/t silver and 14ppm molybdenum (from 99m) • 10m @ 5.8 g/t gold, 27 g/t silver and 0.1% copper (from 80m) • 28m @ 0.76 g/t gold and 4g/t silver (from 26m) In Kincora’s view, the mapped NE trending breccia zones a
Slide 10: Meritilga photos and cautionary note
(b) Quartz-pyrite-arsenopyrite filling a breccia from 78.3 to 81m CAUTIONARY NOTE: Photos are of selected intervals which are not representative of the mineralization hosted on the whole property or the Meritilga prospect, but are of the alteration and lithology’s intersected in the mineralized zone
Slide 11: Figure 3: Maiden Kincora drilling program commenced at Condobolin
Figure 3: Maiden Kincora drilling program commenced at the Condobolin project Kincora has consolidated the historic open pit, high grade Condobolin mining district which has had a lack of systematic modern exploration. Near surface targets for drilling testing the concept of a hub and spoke developm
Slide 12: Table 1 and 2: Trundle collar information and TRDD037 intervals
Table 1: Trundle project – Diamond hole collar information of current drill program 2 For diamond and air-core drilling collar information of previous Kincora holes please refer to the July 17, 2022 press release: “Highest grade assays to date from Trundle’s Southern Extension Zone discovery” Table
Slide 13: Table 3: North-East Gold Zone hole TRDD038
Table 3: North-East Gold Zone prospect - hole TRDD038 Significant interval summary table Hole ID From (m) To (m) Interval (m) Lithology Au (g/t) Cu (%) Mo (ppm) Dilution (%) TRDD038 180.5 182.5 2.0 Diorite Equigranular 0.11 0.02 2.45 0% and 190.5 192.5 2.0 Volcaniclastic Sandstone 0.15 0.01 8.68 0%
Slide 14: 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 15: Drilling, Assaying, Logging and QA/QC Procedures
Drilling, Assaying, Logging and QA/QC Procedures Sampling and QA/QC procedures are carried out by Kincora Copper Limited, and its contractors, using the Company’s protocols as per industry best practise. All samples have been assayed at ALS Minerals Laboratories, delivered to Orange, NSW, Australia.
Slide 16: JORC Table 1 Section 1 Sampling Techniques and Data
The review and verification process for the information disclosed herein for the Trundle, Fairholme and Nyngan projects have included the receipt of all material exploration data, results and sampling procedures of previous operators and review of such information by Kincora’s geological staff using
Slide 17: JORC Table 1 Logging and Sub-sampling
of fine/coarse material. later fault zones and the upper oxidised parts of drill holes. • There is no relationship between core recoveries and grades. • The first hole at the Condobolin project is ongoing without a reliable or representative core recovery estimate yet available. Logging • Whether co
Slide 18: Verification of sampling and assaying
Verification • The verification of significant • Significant intercepts were calculated by Kincora’s of sampling intersections by either independent or geological staff. and assaying alternative company personnel. • No twinned holes have been completed. • The use of twinned holes. • The intercepts h
Slide 19: Section 2 Reporting of Exploration Results
which is available at: https://www.kincoracopper.com/investors/asx- prospectus Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.) Criteria JORC Code explanation Commentary Mineral • Type, reference name/number, location and • Kincora hol
Slide 20: Drill hole Information
• Kincora is exploring for porphyry-style copper and gold mineralisation, copper-gold skarn plus related high sulphidation and epithermal gold systems. Drill hole • A summary of all information material to • Detailed information on Kincora’s drilling at Information the understanding of the explorati
Slide 21: Further work
data survey results; bulk samples – size and report. method of treatment; metallurgical test • Historic exploration data coverage and results are results; bulk density, groundwater, included in the body of the report for Kincora’s geotechnical and rock characteristics; other projects. potential dele
Slide 22: High Impact Drilling
KINCORA COPPER HIGH IMPACT DRILLING Targeting new globally significant copper-gold discoveries May, 2023
Slide 23: Cautionary Statement
CAUTIONARY STATEMENT Top: Kincora drilling commenced the Condobolin project - first hole CDDH001: Mid: quartz-pyrite-arsenopyrie filling breccia from Kincora Copper Limited (ARBN 645 457 763): ticker “KCC” (ASX & TSX.V) 78.3 to 82m * Bottom: banded epithermal quartz veining with pyrite- arsenopyrite
Slide 24: Why Kincora?
WHY KINCORA? Leading Pure Play Porphyry Explorer In Australia’s Foremost Porphyry District Tier-1 Discovery Team Tier-1 Location in NSW High Conviction & Large- High Impact Drilling Scale Copper-Gold Targets Ongoing 3
Slide 25: Corporate Snapshot
CORPORATE SNAPSHOT Ticker “KCC” on TSXV & ASX FOUNDATIONS FOR SIGNIFICANT VALUE CREATION 13 Large Scale Gold-Copper Discovery Market Cap Cash Targets Being Drilled $11.3m * $2m * + Artificial Intelligence Exploration Alliance Working Up Targets For Drilling In NSW, Australia District Scale Portfolio
Slide 26: Tier-1 Discovery Team
TIER-1 DISCOVERY TEAM Highly Accomplished Technical Team With An Outstanding Track Record Of Project Generation Leading To Significant Discovery John Holliday Paul Cromie Peter Leaman Industry Leading John Holliday Peter Leaman Paul Cromie Technical Team Technical committee chair Technical committee
Slide 27: Dynamic + Rounded Board
DYNAMIC + ROUNDED BOARD Focused On Exploration Excellence With “Skin In The Game” Shareholder Ownership And Remuneration Structures Key Milestones Cameron McRae Sam Spring Technical Committee formed (2017): Independent Chairman President & CEO, Director Tier-1 copper-gold focus Chair Remuneration Co
Slide 28: Tier-1 Location
TIER-1 N LOCATION Cobar NYNGAN HIGH VALUE, LONG LIFE PROJECTS Cobar superbasin Macquarie Arc Nyngan • CSA • Cadia • Endeavor • Northparkes World-Class Gold-Copper Provinces NEVERTIRE • Peak • Cowal • >115Moz Gold & >30Mt Copper • Tritton • Tomingley MULLA • Mining/Exploration Culture • Hera/Federati
Slide 29: Multiple systems/mines in the better explored Southern Macquarie Arc
MULTIPLE SYSTEMS/MINES IN THE BETTER Junee-Narromine Belt Molong N Belt EXPLORED SOUTHTERN MACQUARIE ARC 13 8 Southern sections of Magnetics maps Macquarie the Macquarie Arc belts Arc volcanic belts, intrusive have been a greater complexes and mineralised focus of prior systems. Latter focused on ex
Slide 30: Northern Junee-Narromine stands out but has limited drilling
NORTHERN JUNEE-NARROMINE STANDS Junee-Narromine Belt N OUT BUT HAS LIMITED DRILLING ?? Nyngan / Duck Creek Previously the focus of St St Barbara ?? Barbara Ltd’s Big Gold interpreted “the area ?? Nevertire Lachlan Project-Marra Joint to contain the largest Group project that covered volcano-intrusiv
Slide 31: Many majors active in NSW
MANY MAJORS License owners Kincora N ACTIVE IN NSW Newmont • See insert on slides 12 0 80 km Newmont /Legacy Macquarie Arc – Newcrest Cobar superbasin Junee Narromine belt CMOC/Su Macquarie Arc is Australia’s mitomo foremost copper porphyry district Glencore Nyngan Evolution Corporate action increas
Slide 32: Kincora's advanced projects
KINCORA’S ADVANCED PROJECTS Trundle host a quarter of the brownfield Northparkes Igneous Complex Fairholme and Jemalong are located within a world-class immediate geological setting DRIFTWAY C ANOMALY 2 Kincora’s projects in RED N N 0 5 10km 0 5 10km Operator / project (left) KINGSWOOD/CO Kincora RV
Slide 33: Northern Junee-Narromine Belt portfolio
N NORTHERN JUNEE-NARROMINE BELT PORTFOLIO Kincora an early entrant, followed by FMG & Inflection with recent entry Anglo Gold Ashanti District is under-explored and very geologically prospective Alkane Resources’ successes at its Northern Molong Porphyry Project with discoveries/resources at the Bod
Slide 34: What are we/others drilling for?
WHAT ARE WE/OTHERS DRILLING FOR? Examples Of Existing World-class Mines In The Macquarie Arc Comprising A Series Or Cluster Of Large Scale Deposits Within Big Alteration-Lower Grade Footprints Cadia >50Moz Au Northparkes 5.5Moz Au >9.5Mt Cu 4.5Mt Cu Newcrest CMOC & Sumitomo Big Little Cadia Cadia Ca
Slide 35: The next generation of discoveries (so far)
THE NEXT GENERATION OF DISCOVERY’S (SO FAR) Examples Of Recent Exploration Successes (on the same plan view and cross section scale) Northern Molong Resource Porphyry Project 7.3Moz Au Trundle 5 adjacent Kincora systems 1.4Mt Cu Alkane 14.8Moz AuEq and growing Maiden JORC resource May 2022 for Boda
Slide 36: Trundle's extensive multiple system porphyry complex in perspective
GEOCHEMICAL N FOOTPRINTS WITH TRUNDLE’S EXTENSIVE MULTIPLE SYSTEM DEPOSIT STRIKE AND SYSTEM PORPHYRY COMPLEX IN PERSPECTIVE ENDOWMENT • Significant Coincident Mineral Footprints And Magnetic Complexes In Both The North And South Of License • Kincora’s Drilling Has Confirmed A Multiple System Complex
Slide 37: Kincora Strategy Overview 2023
KINCORA STRATEGY OVERVIEW 2023 Strong Pipeline Of Value Catalysts Driven By Drill Targets And Supported By Corporate Avenues 1 • ~Quarter of Northparkes Igneous Complex: endowment >24Moz AuEq 5x TRUNDLE • 5 adjacent porphyry system targets over 3.2km mineralised complex • Adjacent exploration / dril
Slide 38: A world-class mining complex
A WORLD-CLASS MINING COMPLEX Outline Of The Northparkes Igneous Complex Australia’s Second Largest Porphyry Mine At Northparkes And Trundle Hosts ~Quarter Of The Complex Peak Hill N AT MINERAL DEPOSITION Rift Basin TRUNDLE NORTHPARKES TRUNDLE FMG NORTHPARKES . . . . . WESTERN EASTERN RIMFIRE MORDIAL
Slide 39: Trundle: Why Now?
KINCORA DISCOVERIES AT TRUNDLE: 2020-22 Trundle: Why Now? Multiple Phase, Zoned, Porphyry Intrusive Typical Of The Cadia And/Or Northparkes Series/Cluster Of Deposits 40% of discoveries at Northparkes are economic 3 Kincora discoveries so far Eastern + Central Zones: Hole TRDD001: 51m @ 1.17g/t Au,
Slide 40: Northparkes Igneous Complex: 2023 drilling activities
NORTHPARKES IGNEOUS COMPLEX: 2023 DRILLING ACTIVITIES Eastern Section - Hosts The Northparkes Mine: >24moz AuEq Mineral Endowment Western Section - Currently The Focus Of Significant Drilling Activities: Location Of 2023 Drill Pads N VALLEY Trundle NORTHPARKES township MINING COMPLEX DUNN’S NORTH DU
Slide 41: Multiple adjacent mineral systems
MULTIPLE ADJACENT MINERAL SYSTEMS Kincora’s 2023 Drilling At Trundle is Suggestive Of A Proximal Setting At Multiple Mineral Systems Supports Concept Of A Series Or Cluster Of High-Grade Deposits N DUNN’S TRDD035: 12.5m @ 2.77g/t Au from 77.5m, including 2m @ 14.2g/t Au NORTH Multiple phase complex
Slide 42: Significant shallow mineralisation
SIGNIFICANT SHALLOW MINERALISATION Initial Results From All Five Holes Of The 2023 Trundle Project Program (a) (b) (c) Dunn’s North (a) TRDD035: qtz (A type) vein truncated act stringers + cp @ 74m (b) py-mt>carbonate-ch-sericite vein cut by irregular carbonate-hm veins (within 2m @ 14.2g/t Au from
Slide 43: Workshop to review final results / plan follow up
WORKSHOP TO REVIEW FINAL RESULTS / PLAN FOLLOW UP Initial Results From All Five Holes Of The 2023 Trundle Project Program Botfield (a) (b) (a) TRDD037: 2.9m @ 0.95% Cu, 0.62g/t Au within coarse banded chalcopyrite-bornite-pyrite epithermal veins (from 129-132m), including 0.9m (retrograde) filling v
Slide 44: Extensive skarn system coming toward surface
EXTENSIVE SKARN SYSTEM COMING TOWARD SURFACE Causative Porphyry Source And Pathway Yet To Be Confirmed For The Southern Extension Zone-Botfield Skarn Cross Section W SEZ Botfield E Historical workings (projected) TRDD029 430m 36m @ 0.68 g/t Au, 0.29% Cu incl.: ???? TRDD037 4m @ 1.19 g/t Au, 0.59% Cu
Slide 45: Maiden Kincora drilling commenced at Condobolin
MAIDEN KINCORA DRILLING COMMENCED AT CONDOBOLIN Kincora Has Consolidated The Historic Open Pit, High Grade Condobolin Mining District With Lack Of Systematic Modern Exploration Near Surface Targets For Drilling Testing The Concept Of A Hub And Spoke Development Scenario • Recent significant new disc
Slide 46: Success based AI alliance for Cundumbul
SUCCESS BASED AI ALLIANCE FOR CUNDUMBUL Ground Truthing Field Work Commenced By Exploration Alliance Partner, Earth AI Leveraging Vertically Integrated, Proprietary Artificial Intelligence (AI) To Generate, Fund And Test Near Term Drill Targets “ Earth AI’s proprietary 0 2 4km Up to $4.5m to be spen
Slide 47: Seeking new investor for Mongolian portfolio
SEEKING NEW INVESTOR FOR MONGOLIAN PORTFOLIO Large-tonnage JORC Resource Within A Mining License On Small Portion Of One Of 3 Underexplored Porphyry Complexes >2-year tax dispute Supreme Court hearing imminent – A Key Catalyst Kincora is currently defending an ongoing tax dispute in the Mongolian le
Slide 48: Investment Opportunity
INVESTMENT OPPORTUNITY Team, Location, Targets Catalysts: Drilling; Project Generation/Realisation; and, Mongolian Dispute Resolution/New Investor HIGH IMPACT PHASE 13 DISCOVERY HIGH CONVICTION OF DRILLING ONGOING: OPPORTUNITIES TARGETS Right Right Right Team Place Time . . . For new globally signif
Slide 49: Appendix
APPENDIX 28
Slide 50: Footnotes
FOOTNOTES Slide 4 SHARE REGISTER SUMMARY Market Cap: based on 166.5m total shares (47.3m TSXV / 119.2m ASX issued). Share price (6.8c) as at May 5th, 2023 Cash: estimated balance as at Mar 31st, 2023 Money in-the-ground: >80% of treasury into exploration since ASX listing (ex listing costs). >2/3 di
Slide 51: Kincora Copper
Sam Spring President & CEO sam.spring@kincoracopper.com @KincoraCopper Kincora Copper Limited KINCORA Melbourne: +61431 329 345 Kincora Copper Limited – KCC : ASX & TSX-V www.kincoracopper.com COPPER 30