Kincora Copper Limited · TSXV:KCC
Kincora Copper — Investor Presentation (July 2020)
35 slides from Kincora Copper's investor presentation, July 2020
Slide 1: Focus on large scale porphyry discoveries
Focus on large scale porphyry discoveries Location, Team, Targets July 2020 10.2g/t gold and 4.4% copper @ 57.6-58.6m - native copper, chalcocite, chalcopyrite and black chlorite Hole TRDD001, Trundle Park target at the Trundle project, Central West NSW, Australia Australia Mongolia
Slide 2: Disclaimer and forward-looking statements
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: Investment opportunity
Investment opportunity Location: Strategic positions in Australia and Mongolia’s world-class, gold rich porphyry belts Team: Exceptional track record of Tier 1 discoveries, knowledge of the belts we operate in, with “skin in the game” equity ownership “ Emerging leading pure play porphyry explor
Slide 4: Corporate summary
Corporate summary KCC - TSXV Strong Backing Sophisticated and consolidated shareholder register $23.2m1 154.9m3 Market Cap Issued shares $2.9m2 Funded for near term high impact, Cash value add drilling 1. Share price $0.15 (COB July 3rd, 2020) 3. Shares & shareholder summary incl. consideration issu
Slide 5: Location
Location District scale position in the Macquarie Arc of the Lachlan Fold Belt, NSW Unfinished hole TRDD003 at the Bayleys target at the Trundle project 55
Slide 6: The Lachlan Fold Belt
The Lachlan Fold Belt In the latest “hot spot” for global exploration 10 current “Hot Spots” for exploration – MinEx Consulting, March 2020 “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 surrou
Slide 7: A proven jurisdiction
A proven jurisdiction Australia’s foremost porphyry belt Insert for slide 8 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 8: Macquarie Arc strategic and district scale position
Macquarie Junee-Norromine Volcanic belt Arc Molong Volcanic belt Our location Rockley-Gulgong Volcanic belts Intrusive Rocks (Ordovician-Early Silurian) Recent to Mesozoic cover Strategic and district scale position Kincora’s portfolio sits in the key belts of the Macquarie Arc Kincora (100%) Mines
Slide 9: Multiple world-class deposits
Multiple world-class deposits Cadia Northparkes Boda discovery Newcrest CMOC (China Molybdenum Co Ltd) Alkane Resources FY’18/19 Production 913koz Au 1 FY’2020F Production 38.6kt Cu 2 KSDD003 502m @ 0.48g/t Au, 0.20% Cu 1 AISC US$132/oz 1 AISC US$1.34/lb Cu 2 incl 108m @ 1.06g/t Au, 0.41% Cu Drilled
Slide 10: Land grab/corporate activities
Ground Status Land grab/corporate activities At August, 2019 New ground Kincora (100%) “If the Paterson Province was the hottest exploration Nyngan Kincora-RareX destination in 2018, New South Wales Lachlan Fold Belt Nevertire is the hot spot of this year” Mining Journal, December 2019 Macquarie A
Slide 11: Team
Team Exceptional track record of Tier 1 discoveries & knowledge of the belts we operate in 12 11
Slide 12: Experienced Board
Experienced Board 1 Exploration Know Australia “Skin in the Record and Mongolia’s game” Multiple Tier 1 porphyry own ~9% of 2 discoveries belts share register Chairman2: President and CEO of three Rio Tinto businesses (three different countries) − Including ex President and CEO Oyu Tolgoi/chair of
Slide 13: 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) 22 − Consultant geophysicist KCC - Barry de Wet 1 Consultant ge
Slide 14: Bios: Board and Technical team
Bios: Board and Technical team Discovery team Board Cameron McRae Technical Committee Technical Advisers Independent Chairman Sam Spring Peter Leaman Barry de Wet Plus Minerals LLC Remuneration Committee Based in Sydney, NSW President & CEO, Director Senior Vice-President of Geophysics Technical Com
Slide 15: Trundle project
Trundle project The only brownfield porphyry project held by a listed junior in the Macquarie Arc 15 15
Slide 16: 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 17: Brownfield setting
Brownfield setting Trundle and Northparkes – conceptual restoration Share the same mineralized complex Prospect . Prospect . Now Deposit . . At mineral deposition Deposit . . Rift Basin Northparkes Northparkes Mordialloc Project Trundle caldera boundary license Trundle Project Rift Basin Trundle Par
Slide 18: Trundle project
Trundle project The only brownfield porphyry project held by a listed junior in the Macquarie Arc 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 and copper
Slide 19: 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 20: Ongoing six hole stage program
Trundle project Ongoing six hole (3,800 meter) stage 1 program Stage 1 drilling will test three known mineralized porphyry targets: Trundle Park; Mordialloc; and, Bayleys Wilcox’s Mine MVA1 2 holes at Phase 1 drilling targets have background with Bayleys extensive shallow lower grade, with proposed
Slide 21: Highly mineralised
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 Large Large Prior to Kincora’s maiden and on-going drilling L
Slide 22: Finally being systematically drilled
Finally being systematically drilled Why has it been overlooked? Impacted by funding, project ownership, primary focus on other projects & target depths – change in the industry’s exploration search space Newcrest (1990’s and early 2000’s) – predominately shallow drilling (<50m), with few moderate (
Slide 23: 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 Assay results support Kincora’s first hole has intersected the most significant mineralization to date
Slide 24: First hole - High grade gold and copper
First hole - High grade gold and copper “Not often you see such high grades near surface within a porphyry environment” *… … supporting “the skarn being a standalone target at depths and intervals often mined by both open cut and underground methods” * Big and Little Cadia skarns at Cadia produced
Slide 25: Trundle Park target
Trundle Park target Potential vectors underpin favorable geological setting 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 TRDD001 Cadia and Trundle Park Sections Z
Slide 26: Second hole - Positive visual intervals at Mordialloc
Second hole - Positive visual intervals at Mordialloc Significant porphyry intervals in the first hole at the Mordialloc target Targeted geological setting of high-level, preserved porphyry system Previous explorer drilling at the Mordialloc target has returned metal grades comparable to the perip
Slide 27: Mordialloc target
Mordialloc target Confirmation of targeted mineralized porphyry intrusion systems Significant widths, alteration and mineralization Drill intersections Preliminary review section Cadia – Ridgeway discovery sequence1 >0.25% CuEq TRDD002 >0.10% CuEq Cu % (Max 0.30%) targeting an IP anomaly 1.Initial R
Slide 28: Peers
Peers Emerging leading pure play porphyry explorer in Australia’s foremost porphyry belt 28
Slide 29: Copper discovery benchmarks
Copper discovery benchmarks How does hole 1 at Trundle 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 Kincora intervals for TRDD001 are represented i
Slide 30: 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 4.7x and created over A$2.6 billion in shareholder value* Grade vs. Depth with Grade x Length (Bubble) - Gold Equivalent (AuEQ g/
Slide 31: 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 Strong and aligned shareholder register, board and management Positive results at the first two holes at the Trund
Slide 32: RareX deal
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 Size (km2) 167.0 69.3 169.2 89.1 91.5 12-month lock-up, resulting in
Slide 33: Mongolia - Bronze Fox
Mongolia - Bronze Fox Large copper-gold porphyry discovery in Mongolia Drilling has confirmed and better defined a large lower grade porphyry system with localized higher-grade zones Exploration Bronze Fox Intrusive target: 1.3- 1.5Mt Complex (“BFIC”) plan view CuEq metal1 over Induced Polarization
Slide 34: Peer group analysis disclosure and disclaimer
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 by the init
Slide 35: 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=