Kincora Copper Limited · TSXV:KCC
Kincora Copper — Investor Presentation (September 2020)
41 slides from Kincora Copper's investor presentation, Sep 29, 2020
Slide 1: Focus on large scale porphyry discoveries
Focus on large scale porphyry discoveries Pink-red altered monzonite cut by quartz vein with chalcopyrite September 2020 Hole TRDD006, Mordialloc target at the Trundle project, Central West NSW, Australia Location, Team, Targets
Slide 2: Forward-looking statements disclaimer
The views expressed in this presentation are based on information derived from Kincora Copper Ltd’s (“Kincora”) own internal and publicly available sources that have not be independently verified. This presentation contains certain forward-looking information and statements which may not be based on
Slide 3: Corporate update
Corporate update Slide # Investment Opportunity………………………………………………………………………………………………………… 4 Location ………………………………………………………………………………………………………………………………….. 6 Peers ……………………………………………………………………………………………………………………………………….. 15 Team ………………………………………………………………………………………………………………………………………… 19 Trundle proje
Slide 4: Investment opportunity
Investment opportunity Location: Strategic position in Australia’s world-class, gold rich porphyry belt Team: Exceptional track record of Tier 1 discoveries, knowledge of the belts we operate in, with “skin in the game” equity ownership “ Emerging as a leading pure play porphyry explorer in Aust
Slide 5: Corporate summary
Corporate summary KCC - TSXV Recently completed oversubscribed $5.33m placement1 Strong backing with sophisticated and consolidated shareholder register Board Management HNW + Family Well funded for $25m1,3 Office Institutions near term high impact, value add Market Cap drilling Pursuing $5.6m2 corp
Slide 6: Location
Location District scale position in the Macquarie Arc of the Lachlan Fold Belt, NSW Trundle Park target landscape: TRDD001 at the Trundle project 66
Slide 7: The Lachlan Fold Belt
The Lachlan Fold Belt In the latest “hot spot” for global exploration 10 current “Hot Spots” for exploration – MinEx Consulting “As an economic geologist … NSW, Lachlan Fold Belt, for copper and gold, is the place to be” 1 Richard Schodde, MinEx Consulting “Since Boda we have been surrounded by othe
Slide 8: A proven jurisdiction
A proven jurisdiction Australia’s foremost porphyry belt Insert for slide 11 The Macquarie Arc of the Lachlan Fold Belt (LFB) is a world-class gold- copper porphyry belt Cobar >100Moz gold and >24Mt copper endowment (R. Schodde 20201) − Cadia gold-copper porphyries (>50Moz Au and >9.5Mt Cu1) − Nor
Slide 9: Macquarie Arc
Macquarie Junee-Norromine Volcanic belt Our location Arc Molong Volcanic belt Rockley-Gulgong Volcanic belts Intrusive Rocks (Ordovician-Early Silurian) Strategic and district scale position Recent to Mesozoic cover Kincora’s portfolio sits in the key belts of the Macquarie Arc Kincora (100%) Mines
Slide 10: Multiple world-class deposits – Molong Belt
Multiple world-class deposits – Molong Belt • Cadia is Newcrest Mining’s flagship Cadia Boda discovery project, Australia’s largest gold mine Newcrest Alkane Resources (with significant copper credits) and comprised of 5 main deposits FY’18/19 Production 913koz Au 1 KSDD003 502m @ 0.48g/t Au, 0.20%
Slide 11: Multiple world-class deposits – Junee-Narromine Belt
Multiple world-class deposits – Junee-Narromine Belt • Northparkes is gold rich copper Northparkes Cowal porphyry mine with first quartile CMOC (China Molybdenum Co Ltd) Evolution Mining operating costs comprised of 5 deposits FY’2020F Production 38.6kt Cu 2 FY’2020F Production 217,500 Au 1 AISC US$
Slide 12: Trundle project
Trundle project The only brownfield porphyry project held by a listed junior in the Macquarie Arc Kincora’s Trundle is the western section of the Northparkes intrusive complex, that hosts the second largest porphyry mine in Australia Prospect . Extensive near surface porphyry and skarn-style gold
Slide 13: Fairholme project
Fairholme project Looking for another Cowal deposit(s), following in the shadows of significant resource growth by Evolution Kincora’s Fairholme project is on strike to the five structurally controlled gold deposits that comprised the Cowal mine Manna Creek Kennel Prospect & Deposits Anomalous gol
Slide 14: Nyngan and Nevertire projects
Magnetic Vector Amplitude Nyngan and Nevertire projects (MVA) background Prior drill holes Gravity anomaly Kincora license Started a land grab Other licenses Region potentially covers the largest intrusive centre of the Macquarie Arc NYNGAN Nevertire and Nyngan projects consolidate 1144km2 land po
Slide 15: Peers
Mordialloc target landscape: TRDD006 at the Trundle project Peers Emerging as a leading pure play porphyry explorer in Australia's foremost copper- gold belt 15
Slide 16: Lachlan Fold Belt players & junior explorers
Lachlan Fold Belt players & junior explorers Insert of major mining/exploration regions in the Macquarie Arc Legend Market Cap Trundle Kincora (KCC.TSXV) C$25m Newcrest (Cadia) Northparkes Boda CMOC (Northparkes) FMG (regional exploration) Gold & Copper (target testing drilling) Freeport (regional e
Slide 17: Copper discovery benchmarks
Copper discovery benchmarks Macquarie Arc contribution - How do TRDD001 at Trundle and KSDD003 at Boda rank? Reported grades, intervals and depths of recent select copper discoveries in Australia and global porphyries Grade vs. Depth with Grade x Length (Bubble) - Copper Equivalent (CuEQ %) Reported
Slide 18: Recent gold and copper discoveries
Recent gold and copper discoveries Good new exploration results in Australia are being well rewarded Seven companies with recent exploration success stories have re-rated >8x and created over A$4.6 billion in shareholder value* Grade vs. Depth with Grade x Length (Bubble) - Gold Equivalent (AuEQ g/t
Slide 19: Team
Right to Left: Imants Kavalieris, Tsolmon Amgaa, Molor Erdenebat, John Holliday & Peter Leaman Team Exceptional track record of Tier 1 discoveries & knowledge of the belts we operate in 19 19
Slide 20: Experienced Board
Experienced Board 1 Exploration Know Australia “Skin in the Record and Mongolia’s game” Multiple Tier 1 porphyry own ~7% of share 2 discoveries belts register Chairman: President and CEO of three Rio Tinto businesses (three different countries) − Including ex President and CEO Oyu Tolgoi/chair of
Slide 21: Discovery Team
Discovery Team Macquarie Arc of the Lachlan Fold Belt Major discoveries and extensive regional exploration: − Cadia Au/Cu and Marsden Cu/Au (Newcrest) - John Holliday 3 Chief geophysicist: HPX and key RareX projects (+BHP/Ivanhoe) − Consultant geophysicist KCC - Barry de Wet Consultant geologi
Slide 22: Board and Technical team
Board and Technical team Discovery team Board Cameron McRae Technical Committee Exploration Manager Technical Adviser Independent Chairman Sam Spring Peter Leaman Paul Cromie Barry de Wet Remuneration Committee Based in Sydney, NSW President & CEO, Director Senior Vice-President of Exploration Manag
Slide 23: Trundle project
Trundle project The only brownfield porphyry project held by a listed junior in the Macquarie Arc Trundle Park target landscape post recent annual lambing period Drilling has recently commenced, TRDD007, being the first follow up hole seeking to test both the skarn and finger porphyry potential at T
Slide 24: A prolific mining and infrastructure district
A prolific mining and infrastructure district Centered between two, billion dollar plus (plus), long life mining projects The central west of NSW is an agricultural, mining, infrastructure and rail hub Between Northparkes, Australia’s second largest porphyry mine, and CleanTeQ’s large, low cost, l
Slide 25: Brownfield setting
Brownfield setting Trundle and Northparkes – conceptual restoration Share the same mineralized complex Now Prospect . Deposit . . At mineral deposition Prospect . Deposit . . Rift Basin Northparkes Northparkes Mordialloc Project Trundle caldera boundary license Trundle Project Rift Basin Trundle Par
Slide 26: Trundle - Highly mineralised
Trundle - Highly mineralised A large mineralized system with a lack of deeper drilling: >92% of holes <50m depth Excellent potential for preserved higher-grade porphyry and/or skarn gold/copper deposits below extensive near surface mineralization Limited deep Large Large Prior to Kincora’s maiden
Slide 27: Northparkes copper-gold mine
Northparkes copper-gold mine Australia’s second largest porphyry mine Northparkes hosts 5 deposits, clustered on the eastern margin of the Northparkes intrusive complex China Molybdenum Co Ltd (CMOC) acquired 80% 1km interest from Rio Tinto in Jul’13 for US$820m (Sumitomo retains a 20% interest) E
Slide 28: Macquarie Arc finger or pencil porphyry targets
Macquarie Arc “finger or pencil porphyry” targets Key deposits and styles of mineralization Conceptual section of Macquarie Arc “pencil” porphyry systems based on Northparkes & Ridgeway deposits Alteration Predominate high-grade copper-gold deposits in the Macquarie Arc are pipe like, “finger” or “p
Slide 29: Trundle project
Trundle project Positive results at multiple targets across ~10km N-S strike Ongoing and significantly expanded drilling program 1 hole at Bayleys Bayleys Priority drilling targets have extensive shallow lower grade, with Third hole 3 holes at Mordialloc Bayleys localized higher grade - TRDD003 Mord
Slide 30: Trundle Park target
Trundle Park target Both skarn and “pencil or finger” porphyry style systems are targets at Trundle Park Skarn alteration and mineralization at Big and Little Cadia helped focus exploration at Cadia toward the largest porphyry system in Australia Cadia Far East Little Cadia Trundle Park 1 Pencil or
Slide 31: First hole - Most significant mineralization at Trundle
First hole - Most significant mineralization at Trundle Very attractive grades at shallow depths at the Trundle Park target Targeted geological setting of adjacent porphyry to near surface skarn TRDD007 on-going and first follow up hole seeking to test both the skarn and finger Geology porphyry po
Slide 32: Mordialloc target
Mordialloc target A cluster of pipe or pencil like, high-grade “finger” porphyries is the target at Mordialloc Similar exploration approach, geological vectors and target as Cadia-Ridgeway Cadia – Ridgeway discovery sequence1 Cadia – Ridgeway alteration and mineralization 2 Mordialloc – where to nex
Slide 33: Second hole - Strongly supports target at Mordialloc
Second hole - Strongly supports target at Mordialloc Positive indicators for targeted mineralized finger porphyry intrusion systems Independent expert petrographic review “strongly supports the presence of a mineralizing porphyry copper-gold system at the Mordialloc prospect” Assay results, indepe
Slide 34: Follow up holes - Further vectors at Mordialloc
Follow up holes - Further vectors at Mordialloc Further drilling at Mordialloc to take place post assay results and ongoing drilling at Trundle Park Similar drill hole alteration vectoring was the key to the discovery of Cadia-Ridgeway, majority of the Northparkes deposits and Boda TRDD005 is a st
Slide 35: Mongolia
Mongolia The Southern Gobi, foothold in a world-class copper porphyry belt Kincora’s White Pearl camp, in the Southern Gobi 35 35
Slide 36: The Southern Gobi is a world-class copper belt
The Southern Gobi is a world-class copper belt Mongolia’s foremost porphyry belt On China’s doorstep, trucking distance to the Narin Hudag Mining Licenses world’s largest copper consumer Kincora Exploration Licenses Gun Sain Hudag >85Moz gold and ~50Mt copper endowment Tourmaline Bronze Fox Hills
Slide 37: Bronze Fox and Tourmaline Hills are large systems
Bronze Fox and Tourmaline Hills are large systems Bronze Fox is a copper-gold porphyry discovery with a 30 year mining license Kincora has commenced a strategic review for its Mongolian portfolio Peak landholding of 13 licenses covering 1689km2 systematically explored and refined to Bronze Fox Min
Slide 38: Why Kincora?
Why Kincora? Team with exceptional Tier 1 discovery track record and knowledge of the belts we operate in Active and systematic explorer of strategic district scale landholdings Positive initial results at the Trundle project demonstrating world-class potential - Ongoing drilling program signi
Slide 39: Appendix - RareX deal
Appendix - RareX deal Key commercial terms (closed March 19, 2020) Project Trundle Cundumbul Fairholme Condobolin Jemalong License(s)—EL 8222 6661 6552 & 6915 7748 8502 Issuing 14.95m common shares at a deemed price of $0.065/sh, subject to 12- Size (km2) 167.0 69.3 169.2 89.1 91.5 month lock-up,
Slide 40: Appendix - Peer group analysis disclosure and disclaimer
Appendix - Peer group analysis disclosure and disclaimer Bespoke Jul’20 analysis by opaxe.com for Kincora Copper opaxe is a proprietary database of announcements published by resources companies listed on the world’s major stock exchanges: www.opaxe.com • All projects in this report are represented
Slide 41: Contact
Contact Sam Spring President & CEO enquiries@kincoracopper.com Melbourne +61431 329 345 Ulaanbaatar +976 701 0095 Vancouver +1 604 283 1722 Follow www.kincoracopper.com John Holliday - Cadia Discovery History Talk via GeoHug (Jun’20) https://www.youtube.com/watch?feature=youtu.be&v=ccncxhH549 M&app=
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