Kincora Copper Limited · TSXV:KCC
Kincora Copper — Investor Presentation (July 2021)
38 slides from Kincora Copper's investor presentation, Jul 23, 2021
Slide 1: Kincora Copper
KINCORA COPPER World-class copper gold projects in ASX & TSXV: KCC Australia’s foremost porphyry region July 2021
Slide 2: Cautionary Statement
Cautionary Statement The views expressed in this presentation are based on information derived from Kincora Copper Limited’s (“Kincora”) own internal and publicly available sources that have not be independently verified. This presentation contains certain forward-looking information and statements
Slide 3: Why Kincora?
Why Kincora? Team, Location, Targets and well Funded Ambition to become the leading pure play porphyry explorer in Australia’s foremost porphyry belt Industry leading technical Foremost gold rich porphyry team belt pure play Unique knowledge of the Lachlan Fold Belt (“LFB”) World-class belt, world-c
Slide 4: Capital structure and shareholder register
Capital structure and shareholder register Recent dual listing on the ASX (Mar’21) -- Ticker “KCC” on TSXV & ASX Australian based assets, management/board and now capital market support/liquidity Transferred to ASX CDIs since listing3 A$30.7m 120.7m (listed March 30th, 2021) Other TSXV Market Cap1 I
Slide 5: Foundations for success ...
Foundations for success ... 4Q’19 Mar’20 Dec’20 Mar’21 May’21 Enter NSW & Lachlan Fold Belt Close RareX transaction NSW Term sheet to realised ASX dual listing Sultan Resources drill testing (“LFB”): Nyngan & Nevertire value for Mongolia portfolio Kincora’s Cundumbul project • 1144km2 (two licenses)
Slide 6: … support value catalysts for re-rating
… support value catalysts for re-rating Project/Asset Now >17,000m drilling in the Trundle 24 holes (assay results reported for 20) 12 months post Nyngan 1st hole 2nd hole ASX listing 39 holes for 6,000 metres Fairholme (diamond then aircore drilling) + Phase 1: Sultan Resources drilling Cundumbul 3
Slide 7: Technical Team
Technical Team Multiple world-class copper and gold discoveries, and mine developments Exploration: Led by John Holliday, a foremost expert on LFB porphyries who originated and managed the Cameron McRae exploration phases resulting Chairman in the discovery of Cadia and also the Marsden porphyry dis
Slide 8: Industry leading exploration, mining and financing team
Industry leading exploration, mining and financing team Board Cameron McRae Exploration track record Independent Chairman Discovery Team Discoveries include: Remuneration Committee Based in NSW • Cadia Au/Cu (Tier 1) • Seasoned director, CEO and mining executive, incl. 28-yrs Rio • Marsden Cu/Au Tin
Slide 9: Location
Location KINCORA COPPER World-class belt with world-class mines — looking for the next one … Cadia is the largest alkalic porphyry system in the world with multiple deposits Underground resources projected to surface. Deposit outlines: • Aqua = porphyry • Purple = skarn 9
Slide 10: As an economic geologist … NSW, Lachlan Fold Belt, for copper and gold
KINCORA COPPER “ As an economic geologist … NSW, Lachlan Fold Belt (“LFB”), for copper and gold, is the place to be “ - Richard Schodde, MinEx Consulting All gold-rich copper deposits in the World, highlighting those found in the last decade … and the 5 Gold-Rich Copper Deposits (ie where Au account
Slide 11: World-class porphyry systems
World-class porphyry systems LACHLAN FOLD BELT (“LFB”) REGION JUNEE-NARROMINE MACQUARIE VOLCANIC BELT Multiple world-class mines with multiple deposits ARC MOLONG Kincora’s priority drilling projects: VOLCANIC BELT • Sit in favorable locations of the key porphyry belts of the Macquarie Arc • Are adv
Slide 12: Porphyry systems sit on the Macquarie Arc
Porphyry systems sit on the Macquarie Arc Gravity low = major Magnetic high = fertile intrusive complex intrusive complex Airborne public Airborne public access access gravity magnetic (RTP) 12 12
Slide 13: Gold rich mines with multiple deposits
Gold rich mines with multiple deposits • Core of the systems not evident in the top 50 metres Cadia Northparkes • Cadia undergoing mine expansion and comprised of 5 main Newcrest CMOC & Sumitomo deposits • Australia’s largest and most profitable gold mine2 CY’2020 Production 822koz Au 1 FY’2020F Pro
Slide 14: Players, projects and activity
Players, projects and activity
Slide 15: Targets
Targets Geological model, deposits and mines Advanced targets Active pipeline Trundle Project Nyngan Project hallmarks of Cadia & hallmarks of Boda Northparkes • Co-operative government • Brownfield setting to funding Northparkes • Target: northern extension of • Target: demonstrated skarn and unexp
Slide 16: Kincora's portfolio is situated in a prolific mining, infrastructure & agricultural district
Kincora’s portfolio is situated in a prolific mining, infrastructure & agricultural district Trundle township, rail-siding & pub are located within the Trundle exploration license 16
Slide 17: The Trundle Project - a Northparkes repeat?
The Trundle Project - a Northparkes repeat? Conceptual restoration of the Trundle and Northparkes projects (Northparkes endowment 5.5Moz Au and 4.5Mt Cu1) Now At mineral deposition Background magnetics (TMI RTP) from minview.geoscience.nsw.gov.au and Conceptual rifting event of the Northparkes calde
Slide 18: Trundle
Trundle The only brownfield porphyry project held by a listed junior in the LFB Northparkes is the second largest porphyry copper mine in Australia and the Trundle project sits within the same mineral system - Northparkes underground resources projected to surface. Outline of deposits in blue 18 18
Slide 19: Trundle Drilling - two advanced priority targets
Trundle Drilling - two advanced priority targets (so far) Mineralization at 2 targets across ~8.5km N-S strike; both with significant further strike potential Geology Geophysics Background IP Chargeability Mordialloc target • Broad anomalous surface and down-hole mineralization and favourable altera
Slide 20: Trundle Park Target - our initial concept
Trundle Park Target - our initial concept Both skarn and “pencil or finger” porphyry style systems are targets at Trundle Park Cadia Trundle Park Newcrest Kincora Skarn target Cadia Far East Pencil or finger porphyry Little Cadia Near surface skarn zones TRDD001 Open 2 Near surface “Finger skarn por
Slide 21: Trundle Park Target - potential ore grade at/near surface
Trundle Park Target - potential ore grade at/near surface Significant intervals in the skarn with vectors to the targeted intrusive porphyry source TRDD007 • 8m @ 1.4 g/t AuEq1 from 158m Drill hole traces for holes >50m depth only TRDD007, TRDD016 & TRDD018 – Support northern strike and skarn minera
Slide 22: "Proof of concept" support for targeted model
“Proof of concept” support for targeted model Most recent hole TRDD022 provides greatest support to date for targeted causative porphyry intrusive complexes (a) (b) (c) (c) (a) Monzodiorite (grey) cut by orange-red quartz-monzodiorite at 626.5m down hole, in turn cut by quartz-carbonate Section nort
Slide 23: Illustration of Northparkes porphyry intrusive system
Illustration of Northparkes porphyry intrusive system Alteration Zonation with discrete potassic zone to the core of the system/orebody Source: “Propylitic alteration and element mobility: The Northparkes Cu-Au System”, Adam Pacey, JJ Wilkinson, AJ Boyce & DR Cooke - 2017
Slide 24: Encouragement to grade and scale potential
Encouragement to grade and scale potential Multiple and broad skarn horizons with grade at/near surface growing at central Trundle Park over 500m+ strike Encouragement for skarn grade and causative intrusion (porphyry source) Drill hole traces for holes >50m depth only 24
Slide 25: Fairholme
Fairholme Kincora’s Fairholme project has various hallmarks to the neighboring Cowal mine World class geologic setting for gold and copper-gold deposits The gold corridor at Cowal host a 13.7Moz gold endowment and the Marsden porphyry deposit a further >0.5Mt copper and >1Moz gold resource endowment
Slide 26: Fairholme drilling
Cowal district drilling Fairholme drilling Kincora Targets • Gateway1,2 Big, multiple mineralized system footprints at • Anomaly 22 • Driftway C2 both Cowal and Fairholme on key structures • Glencoe2 • Manna Creek2 • Kennel2 1 Diamond drilling 2 Air-core drilling Evolution Targets INSET 1 • Gold cor
Slide 27: Kincora following in the footsteps of significant growth
Kincora following in the footsteps of significant growth Copper porphyry focus & changes in corporate ownerships Gold corridor focus & growth Pre-1980 1988-1999 2004 2015 2017-2018 2021 COWAL Geopeko undertakes North discovers E42, Barrick Evolution buys Recognition of GRE46 & 9.7Moz Au resource wit
Slide 28: Project level: Hallmarks to neighboring Cowal
Project level: Hallmarks to neighboring Cowal Looking for another Cowal deposit, following deposit style targets and exploration approaches of Evolution Multiple systems Multiple levels in the porphyry system Large mineralized footprints Relatively limited drilling at Fairholme Even more limited eff
Slide 29: Prospect level: Hallmarks to neighboring Cowal
Prospect level: Hallmarks to neighboring Cowal Compelling historical intervals not followed up or systematically tested until now • Analogous mineral Gateway tenure, alteration, geochemical zonation, E41 West E41 East structure, scale and mineralized intervals • Some with ore grade not followed up •
Slide 30: Significant intervals at the Gateway prospect
Significant intervals at the Gateway prospect W com First phase drilling at the Fairholme project focused on zone of broad mineralization with high-grade intervals A MOST \ A * Geological vectors 0.07% Cu and previous \ —\ significant mineralized intercepts (akin to the Cowal gold enone: corridor) h
Slide 31: Nyngan drilling
Nyngan drilling Kincora’s first drilling of our Northern Junee-Narromine belt portfolio Region potentially covers the largest intrusive centre of the Macquarie Arc • Early mover: 1761km2 landholding with Nyngan, Nevertire & Mulla licenses/projects • Portfolio covers interpreted most prospective/shal
Slide 32: Big Hill drilling
Big Hill drilling t Sultan Resources is currently drill testing the Big Hill target which is common to Kincora’ Cundumbul project The Big Hill target has been described by Sultan as “the standout, undrilled porphyry gold copper target in the central Lachlan Fold Belt” 2,3 • Sultan Resources on July
Slide 33: Investment opportunity
Investment opportunity KINCORA COPPER • Technical team with unique knowledge of the Lachlan Fold Belt (LFB), track record of world-class copper gold discoveries, and project development • Exploration led by John Holliday, a foremost expert on LFB porphyries who originated and managed the exploration
Slide 34: Appendices
Appendices KINCORA COPPER TRDD001 high grade interval of native copper, chalcocite, chalcopyrite and black chlorite in skarn: 4.24g/t gold and 1.6% copper @ 60.6m-61.6m within a broader interval of 51m @ 1.17g/t gold and 0.54% copper from 39m – refer July 6th, 2020 press release – photos of selected
Slide 35: Appendix - Definitive agreement for Mongolian portfolio
Appendix - Definitive agreement for Mongolian portfolio Deal to retain attractive carried upside to Mongolia portfolio “ • Definitive acquisition and joint venture agreement executed with Resilience Mining Mongolia Limited (“RMM”) for Kincora’s Mongolian asset portfolio retaining significant upside
Slide 36: Appendix - Kincora deal with RareX for LFB projects
Appendix - Kincora deal with RareX for LFB projects Key commercial terms (closed March 19, 2020) Project Trundle Cundumbul Fairholme Condobolin Jemalong ▪ Kincora issued 4.98m1 shares subject to 12-month lock-up, License(s)—EL 8222 6661 6552 and 6915 7748 8502 resulting in RareX becoming a then 9.9%
Slide 37: Appendix - Trundle assay results & other priority exploration project press releases
Appendix - Trundle assay results & other priority exploration project press releases For further details, including QAQC procedures, JORC tables, NI 43-101 statements, please refer to the following press releases: Trundle project 1. July 6, 2020 - Kincora announces high-grade gold-copper results fro
Slide 38: Kincora Copper
KINCORA COPPER Check out our new website www.kincoracopper.com Contact Sam Spring @KincoraCopper President & CEO Kincora Copper Limited sam.spring@kincoracopper.com ASX & TSXV: KCC Melbourne +61431 329 345 www.kincoracopper.com July 2021