Kincora Copper Limited · TSXV:KCC
Kincora Copper — 121 Mining Investment London 2022
45 slides from Kincora Copper's conference presentation, Nov 21, 2022
Slide 1: 121 Mining Investment London Presentation
121 Mining Investment London Presentation Melbourne, Australia — November 21st, 2022 Please find attached for release to the market, Kincora Copper Limited’s presentation to 121 Mining Investment being held in London on November 22-23rd 2022. Further details on the 121 Mining Investment London confe
Slide 2: Kincora Copper: High impact targets, high conviction
High impact targets KINCORA High conviction – results driven COPPER November 2022 Recent results include the highest grade primary mineralisation interval drilled so far at the brownfield Trundle project. Photo of high grade zone and porphyry vein at the Southern Extension Zone discovery in hole TRD
Slide 3: Cautionary Statement
Cautionary Statement Certain disclosure may constitute "forward-looking statements”. In making the forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable. However, the forward-looking statements are subject to numerous risks, unce
Slide 4: Strategic and district scale position
Strategic NYNGAN High value, long life projects and district Cobar superbasin Macquarie Arc Cobar • CSA • Cadia Nyngan NEVERTIRE • Endeavor • Northparkes • Peak • Cowal scale MULLA • Tritton • Hera • Tomingley • Boda position Kincora’s projects in RED Dubbo Lachlan Fold Belt is a Tier 1 copper- gold
Slide 5: What are we drilling for? A series of discoveries
What are we drilling for? A series of discoveries Illustration of world-class copper-gold discovery opportunities In the Macquarie Arc, NSW (Australia’s foremost porphyry province) >50Moz Cadia Au Northparkes 5.5Moz Au CMOC & Sumitomo 4.5Mt Cu Newcrest >9.5Mt Cu Big Little Cadia Cadia Cadia is Austr
Slide 6: Why discovery drilling?
Why discovery drilling? The discovery of a new globally significant copper-gold deposit generates significant shareholder returns through the cycle >20x return for single porphyry deposit discovery SolGold case study (SOLG.AIM): Alpala porphyry deposit discovery at the Cascabel project in Ecuador -
Slide 7: Why Kincora?
Why Kincora? Leading pure play porphyry explorer in Australia’s foremost porphyry district Tier-1 Aligned Tier-1 Team Location Methodical Multiple Discovery Exploration Leverage 6
Slide 8: Tier-1 Aligned Team
Tier-1 Aligned Team Highly accomplished technical team with an outstanding track record of project generation and discovery John Holliday Peter Leaman Paul Cromie Industry Leading John Holliday Peter Leaman Paul Cromie Technical Team Technical committee chair Technical committee Exploration Manager
Slide 9: Discovery team with dynamic + rounded board
Discovery team with dynamic + rounded board Professional board focused on exploration excellence with “skin in the game” shareholder ownership Cameron McRae Sam Spring Key milestones Independent Chairman President & CEO, Director Chair Remuneration Committee Technical Committee ü Technical Committee
Slide 10: Tier-1 Location
Tier-1 Location “The place to be” for gold-rich copper deposits globally Australia’s world ranking for1: 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 copp
Slide 11: Geology, infrastructure & legal environment
Geology, infrastructure & legal environment In the Lachlan Fold Belt (Macquarie Arc & Cobar Superbasin) Depth of cover Cobar Superbasin Australia’s Tier 1 Cobar Superbasin Outcrop & shallow copper provinces <500m Macquarie Macquarie Arc Arc Tier 1 regions Junee-Narromine 500-1000m Junee-Narrominevol
Slide 12: Hallmarks to neighboring world-class mines
Hallmarks to neighboring world-class mines With big, underexplored mineral systems hosting demonstrated ore grade potential DRIFTWAY C ANOMALY 2 N N Kincora’s projects in RED 0 5 10km 0 5 10km Operator / project (left) CORVETTE Kincora Copper Trundle project MYALL . GATEWAY CMOC Northparkes mine FAI
Slide 13: Methodical Exploration Key Milestones
Methodical Exploration Key Milestones Validating and de-risking targets towards Tier-1 scale porphyry discoveries 2H 2019 4Q 2019 -1Q 2020 2Q 2020 - 2Q 2022 2Q – 3Q 2022 Now Pivot in focus to Strategic & district Drilling validates Reviews advanced High conviction & Lachlan Fold Belt scale positions
Slide 14: Why Now?
Why Now? High conviction - results driven Focused drilling, expert reviews, and new high grade discovery have… Refined high conviction targets Improved understanding of Pipeline offering world-class Shallow depths & deep mineral system controls scale potential porphyry ore source Reaffirmed geologic
Slide 15: Trundle: discoveries to date at the Trundle project
Kincora Trundle:discoveries Why Now? to date at the Trundle project Multiple phase, zoned, porphyry intrusive typical of the Macquarie Arc • 2 new discoveries so far - Eastern/Central Zones: - Hole TRDD001: 51m @ 1.17g/t Au, 0.54% Cu including 8m @ 3.07g/t Au, 1.95% Cu Native copper, chalcocite, cha
Slide 16: 5 further discovery opportunities at Trundle
5 further discovery opportunities at Trundle Next phase of drilling at the Trundle project: tests more targets, nearer/from surface and with open ore grades Depth Dunn’s North Dunn’s South NE Gold Zone SEZ1 BOTFIELD S N S N S N S N W E 0 mRL surface surface surface Target Target Target 200 mRL Targe
Slide 17: Multiple Discovery Leverage with high conviction targets
Multiple Discovery Leverage with high conviction targets Geoscience and commercial merits validated by drilling Fundamentals: Trundle hosts an estimated quarter of the brownfield Northparkes Igneous Complex (NIC) • Eastern portion of NIC hosts the Northparkes mine: >24Moz gold equivalent ü Key belts
Slide 18: District pipeline focused on commercial outcomes
District pipeline focused on commercial outcomes Target System Further details Project Prospect Analogue Summary depth target on slide # Cadia Hill + Dunn’s South & From Eg First time following up 10m at 1.99 g/t Au, 0.12% Cu (from 36m to EOH) on the margin of a Trundle Northparkes Porphyry 30 North
Slide 19: Corporate Summary
Corporate Summary Ticker “KCC” on TSXV & ASX Market Cap1 122.9m total shares (48.3m TSXV / 74.5m ASX)4 $8.7m Other TSXV Management/ Transferred to ASX CDIs since listing4 (listed March 30th, 2021) Board 6% $1.4m NPC 6% Cash2 Other ASX Highly Disciplined3 LIM 16% 8 projects covering 2,367km2 strategi
Slide 20: Investment Opportunity
Investment Opportunity High impact next phase of drilling: • follows up open ore grade intervals • increases scale potential with more and shallower targets Right Right Right Team Place Time … for Tier-1 copper-gold discoveries 19
Slide 21: Trundle: Targets in detail
Trundle Targets in detail Trundle main stream 20
Slide 22: Trundle: Quarter of a world-class mining complex
Trundle: Quarter of a world-class mining complex Australia’s 2nd largest porphyry mine at Northparkes, the eastern section of the complex Rift Basin Peak Hill At mineral deposition TRUNDLE FMG NORTHPARKES TRUNDLE NORTHPARKES . . . . . EASTERN MORDIALLOC WESTERN SECTION Northparkes Caldera Boundary R
Slide 23: Northparkes series of mines
Eastern side of Northparkes E37W E37 0 1 2 km Igneous Complex Veedas >24Moz AuEq Northparkes series of mines E22 1 55500 E27 1 • 22 porphyry systems defined to date • 4 main ore systems mined, 5 planned 54700 nT • 40% of discoveries economic E48 54000 4.5 km Hopetoun Gold strike E28NE 1 Plan view an
Slide 24: Trundle series of systems
Western side of Northparkes 0 1 2 km Igneous Complex Same scale to Northparkes Rawenswood Bloomfield South prospect prospect Trundle series of systems Dunn’s North 55500 Extension prospect • 5 adjacent porphyry systems to be drilled over a near surface mineralised and 54700 nT magnetic complex strik
Slide 25: Trundle: Ticks the boxes for a porphyry explorer
Trundle: Ticks the boxes for a porphyry explorer • Last phase of drilling discovered the largest mineralised skarn system in NSW with ore grade porphyry interval at depth • Expert technical reviews advanced mineral system controls, refine vectors and generate high conviction targets • Next phase of
Slide 26: Trundle: Why Now? Southern Trundle license area
Trundle: Why Now? Improved knowledge of the system - leveraging scale potential 30 Kincora drilling to date Zones drill tested Botfield 2x open pit depth target SEZ Mod-Deep with coop funding 4 zones / 24 holes / ~16,000m NE Gold Dunn's South Mineralisation from surface Mineralisation from surface D
Slide 27: The next generation of porphyry discovery's
The next generation of porphyry discovery’s In the Macquarie Arc (Australia’s foremost porphyry province) Boda 5.2Moz Au Trundle 0.9Mt Cu Kincora Alkane Trundle Park prospect 3.2km Dunn’s Botfield prospect prospect Satellite image Satellite image Surface projection of mineralisation >0.2g/t Au Surfa
Slide 28: Geochemical footprints & series of deposits
Geochemical footprints & series of deposits Next phase tests scale potential Multiple discovery opportunity’s across a 3.2km mineralised and magnetic system complex TRUNDLE PROJECT Significant coincident mineral footprints and magnetic Big Cadia complexes in both the north and south of license North
Slide 29: Significantly improved vectors results in high conviction
Significantly improved vectors results in high conviction High conviction targets driven by comprehensive internal and external technical reviews 4 shallow porphyry target zones (Dunn’s Nth + Sth, NE Gold Zone and Botfield), with 1 deeper hole following up high grade (SEZ, seeking coop funding suppo
Slide 30: Series of porphyry systems, shallow depths with grade
Series of porphyry systems, shallow depths with grade Kincora drilling has focused on 2 zones (Eastern/Central & Southern Extension Zones (SEZ)) Northparkes • 22 porphyry systems defined to date Resulting in 2 discoveries, including the highest primary mineralisation to date at the project (SEZ) • 4
Slide 31: Dunn's North + South prospects
Dunn’s North + South prospects Mineralisation from surface with more favourable vectors than what led to the respective discovery holes at the initial E22 & E27 deposits/mines at Northparkes (both E22 and E27 discovered with the first respective diamond drill holes following up air-core anomalies) P
Slide 32: NE Gold Zone, Trundle Park prospect
NE Gold Zone, Trundle Park prospect Favourable gold geochemistry, alteration & level in the porphyry system Analogue to the gold rich E44 skarn development project, the proposed first satellite mine to the existing Northparkes mill Plan view Cross Section Open Open TRDD016 TRDD016 TRDD018 TRDD018 39
Slide 33: Southern Extension Zone, Trundle Park prospect
Southern Extension Zone, Trundle Park prospect First sign of porphyry potential in the largest mineralised skarn in NSW drove the highest primary mineralisation to date at Trundle Interpreted porphyry vein drove 2m @ 19.9g/t Au, 2.43% Cu interval within wider 34m @ 1.45g/t Au, 0.25% Cu TRDDO32 TRDDO
Slide 34: Relative depth profiles: SEZ @ Trundle Park in perspective
Relative depth profiles: SEZ @ Trundle Park in perspective High grade (at depth) from Cadia-Ridgeway underpinned and bootstrapped the Cadia project Newcrest is now mining at depth from Cadia East at negative cash costs with head grades of ~0.80g/t Au, ~0.40% Cu Cross Sections Cadia-Ridgeway Trundle
Slide 35: Botfield prospect
Botfield prospect The large magnetic complex coincident with shallow copper-gold at Botfield is indicative of a large untested skarn &/or porphyry complex Following up the SEZ porphyry on a lateral setting (the distance from Botfield to the SEZ is comparable to the Little Cadia skarn and its causati
Slide 36: Consolidating the Condobolin mineral field
Consolidating the Condobolin mineral field Historic open pit, high grade mining district with lack of systematic modern exploration Kincora has consolidated the mineral field (including 25 mining pits) with near surface, high grade targets for drilling Recent significant new discoveries within the C
Slide 37: Northern Junee-Narromine belt
Kincora’s projects in RED Northern Junee-Narromine belt (Nyngan, Mulla and Nevertire) Kincora an early mover before land grab and recent peer successes Region potentially covers the largest intrusive centre of the Macquarie Arc NYNGAN INFLECTION Alkane Resources’ successes at its Northern Molong Por
Slide 38: Fairholme following a highly successful template
Fairholme following a highly Anomaly 2 Driftway C successful template Recent Kincora drilling converts two anomalies into highly prospective targets & extends the mineralised system strike to >1.6km at the Gateway prospect Gateway World-class geological setting, evidenced by the resource growth at C
Slide 39: Fairholme: Gateway prospect strike >1.6km with vectors
Fairholme: Gateway prospect strike >1.6km with vectors Recent drilling returned anomalous gold and copper in all nine holes, including 5th highest grade air-core interval to date at the Fairholme project (3.35g/t gold over 2m in hole FHAC008, noting a total of 552 prior explorer air-core holes) Open
Slide 40: Fairholme: First drilling at northern prospects since 1997 delivers
Fairholme: First drilling at northern prospects since 1997 delivers Anomaly 2 and Driftway identified as highly prospective follow up targets - all Kincora holes returned anomalous copper Results analogues to Geopeko’s drilling to bedrock program that ultimately led to the discovery of the Cowal dep
Slide 41: Divesting Mongolian portfolio
Divesting Mongolian portfolio Large-tonnage JORC resource on small portion of one of three underexplored porphyry complexes Corporate strategy to divest and extract appropriate value 100% interest in one of the largest land positions in the world- class Southern Gobi copper-gold porphyry belt, which
Slide 42: Appendix
Appendix: Railing siding and train at Trundle 41
Slide 43: Drilling to date in NSW
Drilling to ü Focused, cost effective and strong vectors for follow up targets ü Cash cost base benefits from location in Central-West NSW, team/remuneration date in NSW structures, cooperative funding grants and shallower drilling profiles that drive exploration dollars further Summary of activitie
Slide 44: A direct peer comparison
A direct peer comparison Magmatic’s Kingswood/Corvette v Kincora’s Trundle Park discoveries: ”gold equivalent’ plots of assay results (source: Bridge Street research: Sep’ 2022) “And comparing the market capitalisations of both companies, it’s quite clear that KCC has received no recognition for the
Slide 45: Kincora Copper Contact
CLICK HERE FOR AN EXPLORATION STRATEGY & PROGRESS VIDEO Contact Sam Spring President & CEO @KincoraCopper KINCORA sam.spring@kincoracopper.com Melbourne +61431 329 345 Kincora Copper Limited www.kincoracopper.com COPPER ASX/TSXV: KCC 44