Major Drill Program Expansion Signals Promising Discoveries in Australia's Premier Copper Belt
Kincora Copper's ongoing exploration partnership with AngloGold Ashanti continues to gather momentum with significant expansion of drilling activities in the Northern Junee-Narromine Belt (NJNB). The company's focused approach has already delivered encouraging early results, prompting partners to increase program scope and targets.
Drilling Program Expanded for Second Time Following Promising Early Results
Kincora's first drilling program with AngloGold Ashanti at the Nyngan porphyry project has been expanded twice to capitalise on exciting new targets identified through recent ground gravity surveys. The company has completed fifteen wide-spaced scout holes totalling 6,197.3 metres, with four additional holes now planned and drilling ongoing.
Most significantly, multiple holes have revealed encouraging geology, alteration, anomalous copper and pathfinder minerals that support both porphyry copper and epithermal gold potential. This has prompted plans for a Stage 2 follow-up phase of step-out drilling once the current scout program is completed and analysed.
The expanded scope reflects growing confidence in the project's potential, with John Holliday, Technical Committee chair, and Peter Leaman, VP of Exploration, commenting:
"Results from the recent gravity survey and initial scout holes at Nyngan, coupled with the expanded agreement with AngloGold Ashanti, have significantly increased both the scale of this year's drilling program and the management fee income that Kincora receives. The interactive relationship with AngloGold Ashanti is proving very effective for new target generation, as illustrated by the gravity survey resulting in targets now being drilled."
Drilling to Transition to High-Priority Nevertire Projects
Following the second earn-in agreement with AngloGold Ashanti announced in April 2025, drilling will soon transition to the Nevertire and Nevertire South projects. This program aims to follow up on very promising prior intervals previously identified by Newcrest Mining.
The Nevertire Magmatic Complex (NMC) is particularly significant, with Kincora considering the northern section "the most advanced and geologically prospective porphyry target within covered extensions of the Macquarie Arc." Previous drilling by Newcrest in the central and southern sections returned anomalous copper-gold mineralisation with alteration patterns suggesting proximity to a porphyry system.
Accessing Australia's Most Prospective Undeveloped Copper Belt
What makes this exploration program particularly significant is its location within the northern extension of the Macquarie Arc – Australia's foremost porphyry belt hosting a mineral endowment of over 160 million gold equivalent ounces.
Kincora's strategic position in the Northern Junee-Narromine Belt provides exposure to what may be the largest undeveloped intrusive complexes of the entire Macquarie Arc, which remain virtually untested under shallow to moderate cover.
| Target Area | Size | Status | Key Findings |
|---|---|---|---|
| Ace of Spades | ~16 x 18km | Active drilling | Encouraging alteration, anomalous copper and pathfinder minerals |
| Gerar (formerly South-West) | ~7 x 17km | Active drilling | Multiple coincident magnetic and gravity anomalies identified |
| Nevertire Magmatic Complex | ~8 x 12km | Drilling to commence Aug 2025 | Prior drilling returned anomalous copper-gold mineralisation |
Understanding Porphyry Copper-Gold Systems
Porphyry copper-gold deposits represent some of the world's largest and most valuable mineral resources. These systems form when copper and gold-rich fluids are concentrated during the cooling of magma at depth, creating large volumes of mineralised rock that can be economically mined at low grades due to their immense scale.
The characteristics Kincora is identifying – intrusive complexes with encouraging alteration patterns, anomalous copper, and pathfinder minerals – are classic early indicators of potentially significant porphyry systems. The company's methodical approach of wide-spaced scout drilling followed by targeted step-out phases is the standard exploration methodology used to vector toward the higher-grade cores of these systems.
Significant Funding and Technical Support
This ambitious exploration program is backed by substantial financial resources, with AngloGold Ashanti having the right to spend up to A$100 million via two separate earn-in agreements covering five projects within Kincora's NJNB portfolio. Importantly, Kincora manages the programs and receives a 10% management fee, providing ongoing operational revenue.
The technical collaboration between Kincora and AngloGold Ashanti is proving particularly valuable, with their interactive relationship driving new target generation, as demonstrated by the gravity survey that identified currently-drilled targets.
Investment Thesis: District-Scale Discovery Potential
Kincora presents investors with exposure to a district-scale exploration opportunity within one of Australia's premier mineral belts. The company's strategic portfolio in the NJNB covers a strike length twice that of Argentina's Vicuña district, which has yielded four large-scale discoveries valued at over A$10 billion despite still being in pre-development phase.
Several factors make Kincora particularly compelling:
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Strong Partner Validation: AngloGold Ashanti's willingness to commit up to A$100 million across multiple earn-in agreements validates the technical merit of Kincora's projects.
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Management Fee Income: The 10% management fee provides Kincora with ongoing operational funding while preserving shareholder equity.
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Multiple Discovery Opportunities: With five projects under agreement with AngloGold Ashanti, investors gain exposure to multiple potential discovery scenarios.
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Proven Technical Team: The company is guided by industry veterans with significant porphyry discovery experience, including Technical Committee chair John Holliday.
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Continuous News Flow: With drilling programs at Nyngan, Nevertire and Nevertire South expected to continue into Q4 2025, investors can expect regular updates and potential catalysts.
Why Investors Should Follow Kincora Copper
Kincora Copper represents an opportunity to gain exposure to district-scale exploration in one of Australia's premier mineral belts. The company's strategic position in the Northern Junee-Narromine Belt, substantial financial backing from AngloGold Ashanti, and methodical exploration approach create potential for significant discovery.
The recent expansion of drilling activities and encouraging early results indicate growing confidence in the project's potential. With drilling scheduled to continue through Q4 2025 across multiple target areas, investors can anticipate regular news flow and potential value-creating catalysts.
For investors seeking exposure to copper and gold exploration with the potential for discoveries, Kincora Copper offers a proposition backed by substantial technical merit and financial resources.
Ready to Capitalise on Australia's Copper Discovery Potential?
Explore Kincora Copper's exciting progress in Australia's premier porphyry belt, where expanded drilling programs and promising early results are creating multiple pathways to discovery. With strong technical expertise and financial backing from AngloGold Ashanti, Kincora offers investors exposure to potentially significant copper-gold systems in one of Australia's most prospective yet underexplored regions. To learn more about this compelling investment opportunity and stay updated on ongoing drilling results, visit Kincora Copper's website today.
