Kincora Copper Limited · TSXV:KCC
Kincora Copper — Investor Presentation (June 2025)
45 slides from Kincora Copper's investor presentation, Jun 6, 2025
Slide 1: Kincora Investor Presentation
Kincora Investor Presentation Melbourne, Australia — June 6th, 2025 Copper-gold explorer and project generator Kincora Copper Limited (ASX & TSXV: “KCC”) is pleased to provide the attached updated Investor Presentation for release to For personal use only the market. This announcement has been autho
Slide 2: More Deals, Drilling, Management Fees & Discoveries
KINCORA COPPER For personal use only More Deals, Drilling, Management Fees & Discoveries June 2025 ASX & TSXV ticker: KCC
Slide 3: Cautionary Statement
Cautionary Statement Kincora Copper “KCC”: ASX & TSXV Kincora Copper Limited (ARBN 645 457 763) Certain disclosure may constitute "forward-looking statements”. In making the forward-looking statements, Kincora Copper Limited (“Kincora” or “the Company”) has applied certain factors and For personal u
Slide 4: Why Kincora?
Kincora Copper “KCC”: ASX & TSXV Why Kincora? For personal use only Industry Leading Team Targeting Tier-1 Scale Copper-Gold Discoveries 79 29 Au Gold Cu Copper Focused on the Macquarie Arc, NSW (Australia) Project Generator Model For Porphyry Projects 1 Six Deals Unlocks >$110m in Asset Level Fundi
Slide 5: Corporate Snapshot: Significant Leverage To Success
Corporate Snapshot: Significant Leverage To Success Kincora Copper “KCC”: ASX & TSXV 1 First Earn-in/JV Mongolia + Fleet Space Second Earn-in/JV Market Cap $10.2m With AngloGold Fleet Space with Wongarbon Deal With AngloGold For personal use only Ashanti Nyngan Deals + Raising Ashanti 0.08 6 2 Cash
Slide 6: Industry Leading Team: Track Record of Success
Industry Leading Team: Track Record of Success Kincora Copper “KCC”: ASX & TSXV Discovery Track Record Sam Spring • Ex leading mining analyst, Cameron McRae • Seasoned chairman, >10 yrs Goldman & Ocean Independent CEO & mining President & CEO, (amongst others) executive For personal use only Equitie
Slide 7: Tier-1 Scale Copper-Gold Potential (same scale)
Tier-1 Scale Copper-Gold Potential (same scale) Kincora Copper “KCC”: ASX & TSXV Cobar Superbasin Macquarie Arc – Porphyry Systems Kincora Partner/ Southern Gobi – Porphyry Systems Junee-Narromine Molong Major Project Funding Belt Belt Groups Source For personal use only Northern Junee- AngloGold Na
Slide 8: Project Generator Business Model
Project Generator Business Model For personal use only Kincora Copper “KCC”: ASX & TSXV Identify Big Picture Assets Strategic Partner Process Revenue Stream • Leverage Industry Leading Technical • Right Partner & Deal Structure for each • Management Fee Income to Kincora Teams expertise Project • Ta
Slide 9: Business Model: Is Delivering and is Further Scalable
Business Model: Is Delivering and is Further Scalable Kincora Copper “KCC”: ASX & TSXV 1 For personal use only Seven Major Project Portfolios Four Partners To Date Two Further Partnerships • Six Porphyry Project Portfolios • Early Stage or Non-Core Projects • New Partner Discussions Advanced for Two
Slide 10: Why New South Wales Porphyries?
Why New South Wales Porphyries? Kincora Copper “KCC”: ASX & TSXV Largest Multiple World-Class Copper-Gold Mines intrusive • >$16b in M&A for producing assets 1 For personal use only complexes of the Macquarie Arc are Two >10Moz Gold Equivalent Discoveries/Resource Growth 2 untested under cover 1 >$3
Slide 11: Kincora's Highly Prospective NSW Portfolio
Kincora’s Highly NYNGAN N WEST Kincora Copper Prospective “KCC”: ASX & TSXV NYNGAN NSW Portfolio Cobar Nyngan NYNGAN SOUTH Northern Junee- Narromine Belt Portfolio For personal use only NEVERTIRE MULLA Kincora Project Project name NEVERTIRE SOUTH Northern Molong Belt (seeking partner) mineral Projec
Slide 12: Deals, >$110m Partner Funding … More Targeted
6 Deals, >$110m Partner Funding … … 3 More Targeted Market Non-core Cap jurisdiction $8.7m Greenfield, new district scale >$110m Large mineralised systems + motivated AI partner extensions of the Macquarie Arc proximal to world-class mines For personal use only Molong Belt Northern Junee- Cowal Bloc
Slide 13: Why a Prospector/Project Generator Model?
Why a Prospector/Project Generator Model? Kincora Copper “KCC”: ASX & TSXV Commercial 1 ? • Non-Dilutive Structure (for listed equity investors) For personal use only Why buy a junior explorer with • Cost of Capital / De-risked Funding Source Earn-In/JV agreements with • Funds / Aligns Discovery Ris
Slide 14: Generator Model: Leverage to Exploration Success
Generator Model: Leverage to Exploration Success Kincora Copper “KCC”: ASX & TSXV Case Study: Success stories Current day: Porphyry examples For personal use only ~£1.5b >C$250m >C$1b >C$30m >C$125m >C$150m >20x Mkt Cap >70x Mkt Cap >130x Takeover Mkt Cap >3x Mkt Cap >3x Mkt Cap >5x Greatland Miraso
Slide 15: Upcoming News Flow
Upcoming News Flow Drilling Updates >11,000m to date with exploration & management fees raping up 1 Nyngan project, earn-out agreement with AngloGold Ashanti (Kincora receives a 10% management fee) For personal use only 2024 initial 6-hole scout drill program supports proof of concept, expands progr
Slide 16: Pipeline: Extensive Value Catalysts
Pipeline: Extensive Value Catalysts Kincora Copper “KCC”: ASX & TSXV Kincora Major Project YTD Jun Jul Aug Sep Oct Nov Dec KCC Mgmt Project Portfolios Names 2025 Fee Income For personal use only Northern Junee- Nyngan 16 holes Narromine Belt Nevertire South Yes Nevertire Molong Cundumbul No Belt Sou
Slide 17: Foundations in Place: Strategy in Execution
Foundations in Place: Strategy in Execution Commodity Mix 79 29 Au Gold Cu Favorable outlook for Copper & Gold, with Majors revisiting Growth For personal use only Copper Team Discovery & Operating Track Record Projects Portfolio of Projects with Tier-1 Scale Potential in Exploration & Mining Hotspo
Slide 18: Australia's Foremost Porphyry District
Australia’s Foremost Porphyry District 79 Au 29 Gold Kincora Copper CuCopper “KCC”: ASX & TSXV For personal use only 17
Slide 19: Why Australia?
Why Australia? For personal use only Kincora Copper “KCC”: ASX & TSXV Australia’s global ranking for 1: Gold Copper Resources 1st 2nd Production 2nd 6th “ As an economic geologist … NSW, Lachlan Fold Belt, for copper and gold, is the place to be” Richard Schodde, MinEx Consulting All gold-rich coppe
Slide 20: World-Class Porphyry Belt Extensions Central West NSW v Central Andes
World-Class Porphyry Belt Extensions Central West NSW v Central Andes (same scale) Macquarie Arc, NSW Chile Central Andes, Chile/Argentina For personal use only Canonba Maricunga Belt Maricunga Kincora Inflection Argentina Northern Junee- Wongarbon Positive early Discoveries drive Caserones stage dr
Slide 21: Majors Expanding in World-Class Belts
Majors Expanding in World-Class Belts Macquarie Arc v Golden Triangle (same scale) Macquarie Arc, NSW Golden Triangle, BC >$150m cumulative Much larger junior >$1.1b cumulative For personal use only market cap of exploration sector market cap of in the Golden Triangle porphyry explorers 1 than Macqu
Slide 22: Cowal & Northparkes Block Portfolios: Proximal to World-Class Mines
Kincora’s Cowal & Northparkes Block Portfolios: Proximal to World-Class Mines & Earn-ins/Exploration by the Majors Operator / project (left hand side image) NEWMONT CURRENTLY N DRILLING UNDER EARN-IN N Kincora Trundle project For personal use only 0 5 10km Copper WITH KOONENBURRY 1 0 5 10km Evolutio
Slide 23: Why NSW as a Jurisdiction? v Globally Emerging Porphyry Districts
NORTHERN Why NSW asJUNEE-NARROMINE BELT a Jurisdiction? v Globally (+ MACQUARIE ARC IN Emerging Porphyry Districts Kincora Copper GENERAL) OUTSCORES RIVAL EMERGING PORPHYRY DISTRICTS “KCC”: ASX & TSXV Macquarie Arc Undercover Vicuña District Golden Northern Extensions (Central Andes, Triangle Andean
Slide 24: Hotspot for M&A
License owners Hotspot for Kincora N AngloGold 0 80 km $1.6b cash offer A/Kincora M&A 1 Inflection AngloGold A/Inflection FMG Mines / Advanced Projects >$16b in M&A FMG/ Magmatic For personal use only - Newmont buys Newcrest (flagship Cadia) Magmatic - Evolution buys 80% of Northparkes (A$720m) for
Slide 25: Hotspot for Exploration Earn-ins/JVs
License owners Hotspot for Kincora in Kincora N AngloGold discussions / 0 80 km A/Kincora Exploration negotiations Inflection AngloGold A/Inflection for earn-in/JV’s Exploration Stage Projects >$385m in FMG FMG/ Magmatic For personal use only - Evolution’s discoveries and resource growth at Cowal -
Slide 26: Existing Initial Partner Projects
For personal use only Existing Initial Partner Projects 25
Slide 27: Northern Junee-Narromine Belt: District-Scale Series of Untested Targets
Northern Junee-Narromine Belt: Newly recognised Kincora Copper “KCC”: ASX & TSXV District-Scale Series of Major Untested Targets 1 Nyngan N Junee-Narromine belt outline West For personal use only Northern extension of the Macquarie Arc Ace of Spades Known/interpreted complexes is masked by post mine
Slide 28: Nyngan Project: Encouraging Results Expands Initial Scout Drilling Program
Nyngan Project: Encouraging Results Expands Kincora Copper “KCC”: ASX & TSXV Initial Scout Drilling Program For A Second Time For personal use only • First phase Kincora-AngloGold Ashanti drilling at the Nyngan project supports proof of concept for new district-scale potential, generating more targe
Slide 29: Nevertire Projects: Step out drilling to test Cadia-Ridgeway and Northparkes style targets
Nevertire Projects: Step out drilling to test Cadia- Kincora Copper “KCC”: ASX & TSXV Ridgeway and Northparkes style targets Legend RTP Magnetics For personal use only • April 2025 expanded agreement with AngloGold Ashanti consolidates the (background) Nevertire Magmatic Complex (NMC), which Kincora
Slide 30: Wongarbon: New Ground + New Partnership
Wongarbon: New Ground Kincora Copper “KCC”: ASX & TSXV + New Partnership 0 10km WONGARBON Multiple stage deal: (Kincora) Multiphysics + For personal use only Innovative Partner Structure with Fleet Space 2000m drilling WONGARBON Yarindury (Kincora) (Talisman) On strike from 14.7Moz AuEq Boda & Kaise
Slide 31: Cundumbul: Drilling New AI Targets
Cundumbul: Drilling New Kincora Copper “KCC”: ASX & TSXV Success Based AI Targets Open Open Fifth hole New 2.2km x 800m copper target at Cundumbul 1 completed, sixth For personal use only Andrews planned prospect • Ongoing maiden Earth AI drilling program tests new min zone (≤5.2% Cu) associated wit
Slide 32: Mongolia: Exposure to the Rapidly Emerging Southern Gobi
Mongolia: Exposure to the Rapidly Kincora Copper “KCC”: ASX & TSXV Emerging Southern Gobi 4Q’2024 16 holes for Attractive exposure to the fourth emerging porphyry district Bronze 2516m For personal use only (Bronze Fox) in the Southern Gobi 1 Tourmaline Fox Hills Intrusive Bronze Fox Complex Intrusi
Slide 33: Potential Larger Partner Projects
For personal use only Potential Larger Partner Projects Kincora Copper “KCC”: ASX & TSXV 32
Slide 34: Cowal Block: World-Class Gold and Porphyry Copper Terrane
FAIRHOLME Cowal Block: World-Class Gold and (Newmont earning-into with Koonenburry Gold) Porphyry Copper Terrane >500pm Cu &/ or >0.1g/t Au Evolution prospects Anomaly 2 Driftway C For personal use only Gold corridor at Cowal hosts >14Moz gold endowment 1 Estimated endowment of Marsden deposit pre d
Slide 35: Fairholme & Jemalong Projects
Fairholme & Kincora Copper “KCC”: ASX & TSXV Jemalong Projects Cowal Block Intrusive Complexes KCC’s Driftway C & Anomaly 2: Big open anomalies the size of Marsden NORTHERN FAIRHOLME MARSDEN Resource outline For personal use only Advanced to earlier stage gold +/- copper targets (Kincora) (Evolution
Slide 36: Northparkes Block: Clear Strategic Appeal
Northparkes Block: Clear Kincora Copper “KCC”: ASX & TSXV Strategic Appeal Inserts on slide 36 N Myall For personal use only Northparkes is Australia’s second largest porphyry mine and was acquired by Region 2 Evolution Mining in December 2023 1 MAG/ • Continuous production since 1994 with first qua
Slide 37: Trundle Project
Trundle Project Region 1: Northparkes Porphyry Cluster 2 • 80% interest for US$475m by Evolution in Dec 2023 • 5.5Mt Cu & 4.5Moz Au Region 2: Myall Porphyry Project 3 • $14m earn-in for 75% with FMG in March 2024 • 0.354Mt CuEq maiden resource • 22 porphyry deposits discovered, 9 economic Multiple a
Slide 38: Sole-Funded Exploration
For personal use only Sole-Funded Exploration Kincora Copper “KCC”: ASX & TSXV 37 37
Slide 39: Southern Cobar: Condobolin Delivers Cheap Sole Funded Upside
Southern Cobar: Condobolin Delivers Cheap Sole Funded Upside With A Clear Route to Low Capital Commercialization Emerging new Cobar districts: Different levels of exploration Condobolin offers a very attractive high-grade gold and base metal targets at shallow depths maturity within the Cobar Superb
Slide 40: Appendix
For personal use only Appendix 39
Slide 41: Asset and Major Project Portfolio Summary
Asset and Major Project Portfolio Summary Kincora Major Project Project Exploration Partner / Mgmt Project Portfolios Names Stage Concept(s) Funding Fee For personal use only Northern Junee- Nyngan, Nevertire, Nyngan West, Early, Arc extension undercover offering multi AngloGold Yes Narromine Belt N
Slide 42: References
References Kincora Copper “KCC”: ASX & TSXV Slides 3 – Why Kincora? 1, 2 Over $110 million of potential partner funding for eight earlier stage and/or non-core projects via 6 deals and four partners, with over 11,000 metres of drilling and over A$5.5m of partner funded exploration since late 2024 in
Slide 43: References
References Kincora Copper “KCC”: ASX & TSXV Slide 19 - World-Class Porphyry Belt Extensions Central West NSW v Central Andes (same scale) 1 AngloGold Ashanti (the world’s 4th largest gold company by production) has earn-in agreements with Kincora for the Nyngan project and designated Duck Creek as a
Slide 44: References
References Kincora Copper “KCC”: ASX & TSXV Slide 28 - Nevertire Projects: Step out drilling to test Cadia-Ridgeway and Northparkes style targets 1 Refer Kincora releases Apr 7, 2025 “Second Major Earn-in Secured with AngloGold Ashanti” and Sep 9, 2025 “Kincora Secures New Strategic Ground On Austra
Slide 45: Contact
KINCORA COPPER For personal use only CONTACT Kincora Copper “KCC”: ASX & TSXV Sam Spring - President & CEO Email: sam.spring@kincoracopper.com Mobile: +61 431 329 345