Kincora Copper Limited · TSXV:KCC
Kincora Copper — Investor Presentation (April 2025)
40 slides from Kincora Copper's investor presentation, Apr 17, 2025
Slide 1: Presentation – Investor Briefing Webinar
Presentation – Investor Briefing Webinar Melbourne, Australia — April 17th, 2025 Please find attached for release to market, Kincora Copper Limited’s (ASX & TSXV: KCC, Kincora or the Company) presentation to be given today at an Investor Briefing Webinar. For further details on the online event and
Slide 2: Sixth Asset Level Agreement Update
KINCORA COPPER For personal use only Sixth Asset Level Agreement Update April 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 For personal use o
Slide 4: Why Kincora?
Value through Kincora Copper “KCC”: ASX & TSXV Deals, Drilling & Why Kincora? For personal use only Discovery Targeting Tier-1 Scale Copper-Gold Discoveries Industry Leading Team Project Generator Model For Porphyry Projects Sixth Asset Level Deal Unlocks >$110m In Total Potential Funding Drilling &
Slide 5: Corporate Snapshot
Corporate Snapshot Kincora Copper “KCC”: ASX & TSXV 1 Market Cap $8.5m >$110m Partner Funding Opportunistic Project For personal use only At Asset Level For Generation 2 4Q’24 Drilling >7000m Porphyry Projects 4 New Porphyry Projects In 2024 (Recent Partner Funded Drilling across 3 Projects) Project
Slide 6: Tier-1 Scale Copper-Gold Potential
Tier-1 Scale Copper-Gold Potential Kincora Copper “KCC”: ASX & TSXV Cobar Superbasin Macquarie Arc – Porphyry Systems Southern Gobi – Porphyry Systems Junee-Narromine Kincora Partner/ Molong Belt Major Project Groups Funding Source Belt For personal use only Northern Junee- AngloGold Narromine Belt
Slide 7: Deals, >$110m Partner Funding
6 Deals, >$110m Partner Funding … … More Targeted MarketNon-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 Southern Gobi, Mongolia Northern Junee- C
Slide 8: Kincora's Highly Prospective Wholly Owned NSW Portfolio
Kincora’s Highly NYNGAN N Kincora Copper WEST “KCC”: ASX & TSXV Prospective NYNGAN NYNGAN Wholly Owned Cobar Nyngan SOUTH Northern Junee- Narromine Belt Portfolio NSW Portfolio NEVERTIRE For personal use only MULLA NEVERTIRE SOUTH Northern Molong Belt Project name Kincora Project (Seeking partner) m
Slide 9: Industry Leading Team
Industry Leading Team Kincora Copper “KCC”: ASX & TSXV Discovery Track Record Cameron McRae • Seasoned chairman, CEO & mining Sam Spring • Ex leading mining analyst, >10 yrs Goldman & Ocean For personal use only (amongst others) Independent President & CEO, Chairman, Director executive Equities Dire
Slide 10: Why a Project Generator Model?
Why a Project Generator Model? ? Commercial 1 For personal use only • Cost of Capital/De-risked Funding Source Why buy a junior explorer with an Earn-In/JV agreement with an • Non-Dilutive Structure (for listed equity investors) industry partner • Potential Management Fees • Potential Exit Strategy
Slide 11: Project Generator Model: Leverage to Exploration Success
Project Generator Model: Leverage to Exploration Success Case Study: Success stories Current day porphyry examples For personal use only >20x ~£1.5b Mkt Cap >70x >C$250m Mkt Cap >130x >C$1b Takeover >C$30m Mkt Cap >3x >C$125m Mkt Cap >3x 40 8 0.4 0.8 35 7 0.35 0.7 30 6 0.3 0.6 25 5 0.25 0.5 20 4 0.2
Slide 12: Kincora's Strategy: Value through Deals, Drilling & Discovery
Kincora’s Strategy: Value through Deals, Drilling & Discovery For personal use only Consolidate 100% Ownership Opportunistically Grow Stage 1: Initial Deals of all NSW Projects >33% increase in number of With Asset Level Partners December 2023 NSW projects 4 new deals + 1 extension in 2024 (In 2024)
Slide 13: Catalysts
Catalysts Drilling Ramping Up >7000m in 4Q’2024 1 Nyngan project, earn-out agreement with AngloGold Ashanti (Kincora receives a 10% management fee) For personal use only Initial 6-scout holes drilled in 2024 confirms new district scale potential, expands program: • Scout drilling ongoing (permits fo
Slide 14: Summary
Summary Commodity Mix Favorable Fundamentals for Copper & Gold For personal use only Team Discovery & Operating Track Record Projects Portfolio of Projects with Tier-1 Scale Potential Funding Model Technical Partners, Asset Level/Non-Share Dilutive Funding, Management Fee(s) & Scalable Catalysts Dea
Slide 15: Australia's Foremost Porphyry District
For personal use only Australia’s Foremost Porphyry District Kincora Copper “KCC”: ASX & TSXV 14
Slide 16: 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 17: Why New South Wales Porphyries?
Why New South Wales Porphyries? Kincora Copper “KCC”: ASX & TSXV 2 Largest N >$385m in exploration earn-in /JV’s intrusive • >$100m for 7 of 11 Kincora projects (further proposed deals to come) For personal use only complexes of the Macquarie Arc are Two >10Moz Gold Equivalent Discoveries/Resource G
Slide 18: World-Class Porphyry Belt Extensions
World-Class Porphyry Belt Extensions Central West NSW v Central Andes (same scale) Macquarie Arc, NSW Caserones Chile Central Andes, Chile/Argentina Ace Ace of of Spades Spades For personal use only Canonba Canonba Los Helados SW SW Maricunga Target Target Lunahuasi Belt Duck Duck Josemaria Maricung
Slide 19: Why NSW as a Jurisdiction?
NORTHERN Why JUNEE-NARROMINE NSW as BELTEmerging a Jurisdiction? v Globally (+ MACQUARIE ARC IN 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 20: Hotspot for M&A
License owners Hotspot for Kincora N AngloGold 0 80 km A/Kincora M&A Inflection AngloGold A/Inflection FMG >$16b in M&A Mines / Advanced Projects FMG/ For personal use only Magmatic - Newmont buys Newcrest (flagship Cadia) Magmatic - Metals Acquisition buys the CSA mine (A$1.3b) for producing assets
Slide 21: Hotspot for Exploration
License owners Hotspot for Kincora N AngloGold 0 80 km A/Kincora Exploration Inflection AngloGold A/Inflection >$385m in FMG Exploration Stage FMG/ For personal use only Magmatic exploration - Evolution’s discoveries and resource growth at Cowal Magmatic - Alkane Boda/Kaiser discovery resources & sc
Slide 22: Existing Initial Partner Projects
For personal use only Existing Initial Partner Projects 21
Slide 23: Northern Junee-Narromine Belt
Northern Junee-Narromine Belt Southern portion of Arc hosts >160Moz AuEq 1 Junee-Narromine belt outline N Known/interpreted complexes Nyngan ANT survey coverage For personal use only West Northern extension of the Macquarie Arc Ace of Inflection Resources targets Spades is masked by post mineral cov
Slide 24: Nyngan Project: Encouraging Results Expands Initial Scout Drilling Program
Nyngan Project: Encouraging Results Kincora Copper “KCC”: ASX & TSXV Expands Initial Scout Drilling Program N For personal use only • First phase Kincora-AngloGold Ashanti drilling at the Nyngan project NYDD005 supports proof of concept for new district-scale potential and expansion of ongoing initi
Slide 25: Nevertire Projects: Step out drilling to test Cadia-Ridgeway and Northparkes style targets
Junee-Narromine belt outline N Nevertire Projects: Step out drilling to test Cadia- Known/interpreted complexes Nyngan Kincora Copper ANT survey coverage West Ace of “KCC”: ASX & TSXV Inflection Resources targets Ridgeway and Northparkes style targets Spades (post ANT survey) (KCC/AGA) Permitted dri
Slide 26: Wongarbon: New Ground + New Partnership
Wongarbon: New Ground Kincora Copper “KCC”: ASX & TSXV + New Partnership 0 10km WONGARBON Multiple stage (Kincora) deal: For personal use only Innovative Partner Structure with Fleet Space Multiphysics + 2000m drilling WONGARBON Yarindury (Kincora) (Talisman) On strike from 14.7Moz AuEq Boda & Kaise
Slide 27: Cundumbul: Drilling New Success Based AI Targets
Cundumbul: Drilling New Kincora Copper “KCC”: ASX & TSXV Success Based AI Targets Open Open Fifth hole completed, sixth For personal use only New 2.2km x 800m copper target at Cundumbul 1 Andrews planned prospect • Ongoing maiden Earth AI drilling program tests new min zone (≤5.2% Cu) associated wit
Slide 28: Mongolia: Exposure to the Rapidly Emerging Southern Gobi
Mongolia: Exposure to the Kincora Copper “KCC”: ASX & TSXV Rapidly Emerging Southern 4Q’2024 Gobi Attractive exposure to the fourth emerging porphyry district Bronze Fox 16 holes for 2516m For personal use only Tourmaline Hills (Bronze Fox) in the Southern Gobi 1 Intrusive Complex Bronze Fox Intrusi
Slide 29: Potential Larger Partner Projects
For personal use only Potential Larger Partner Projects Kincora Copper “KCC”: ASX & TSXV 28
Slide 30: 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 31: 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 (Kincora) (Evolution) target
Slide 32: Northparkes Block: Clear Strategic Appeal
Northparkes Block: Kincora Copper “KCC”: ASX & TSXV Clear Strategic Appeal Inserts on slide 32 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 33: 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 E28NE E31N
Slide 34: Sole-Funded Exploration
For personal use only Sole-Funded Exploration Kincora Copper “KCC”: ASX & TSXV 33 33
Slide 35: Cobar District: Kincora's Condobolin Project
Cobar District: Kincora’s Condobolin Project Kincora Copper “KCC”: ASX & TSXV Emerging new Cobar districts: Different levels of exploration Recent exploration illustrates favourable grade and vertically extensive systems 1, 2 maturity within the Cobar Superbasin New geochemistry-geophysical programs
Slide 36: Appendix
For personal use only Appendix 35
Slide 37: Appendix
Appendix Kincora Copper “KCC”: ASX & TSXV Slide 4 - Corporate Snapshot 1 “Market Cap” as @ COB Apr 15, 2025. KCC 291.7m shares @ 3.2c (ASX). 2, 3 & 4 Recent asset level deals and field based exploration activities that support “4Q’24 Drilling >7000m”, “Partner Funding >$3.5m” & “>$110m Partner Fundi
Slide 38: Appendix
Appendix Kincora Copper “KCC”: ASX & TSXV Slide 17 - World-Class Porphyry Belt Extensions 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 Stage 2 project under its multiple phase/projec
Slide 39: Appendix
Appendix Kincora Copper “KCC”: ASX & TSXV Slide 26 - Cundumbul: Drilling New Success Based AI Targets SHARE REGISTER SUMMARY 1 Refer Kincora release May 20, 2024 “Artificial Intelligence Partner Drilling New Copper Targets at the Cundumbul Project” 2 Refer to Kincora release Oct 6, 2022 “Alliance wi
Slide 40: Contact
KINCORA For personal use only COPPER CONTACT Kincora Copper “KCC”: ASX & TSXV Sam Spring - President & CEO Email: sam.spring@kincoracopper.com Mobile: +61 431 329 345