Kincora Copper secures new strategic ground

Kincora Copper Limited (ASX:KCC) has been awarded three new wholly owned licenses covering 1,377km2 on Australia's main porphyry copper-gold geological province. This strategic move doubles Kincora's position on the Macquarie Arc's Northern Junee-Narromine Belt (NJNB) and consolidates the immediate extensions of the Nyngan and Nevertire projects held in earn-in partnership with AngloGold Ashanti Australia. The company's President and CEO, Sam Spring, expressed satisfaction with the new ground, emphasizing its clear scale potential and strategic value, which now provides Kincora a continuous north-south strike extent of over 100km in the NJNB. The company is also progressing discussions with potential technical and funding partners, with ongoing and upcoming exploration activities at the Nyngan and Nevertire projects.

Executive commentary on strategic ground acquisition

Kincora's President and CEO, Sam Spring, highlighted the company's strategy to create shareholder value through obtaining the best ground, concluding commercial deals, and making large-scale copper-gold discoveries. He expressed pleasure in securing three bolt-on new projects covering 1,377km2, emphasizing their clear scale potential and strategic value. Spring also mentioned the ongoing discussions with potential technical and funding partners, expressing excitement to commence the first ever copper-gold exploration across potentially the largest volcano-intrusive complex of the Macquarie Arc at northern Nyngan, offering new district scale potential. He also noted the significance of securing the advanced and highly prospective Nevertire South ground, enhancing the Nevertire project and NJNB portfolio.

Summary of strategic ground acquisition and outlook

Kincora Copper's strategic acquisition of new wholly owned licenses covering 1,377km2 on Australia's premier porphyry copper-gold province marks a significant milestone for the company. The move doubles Kincora's land position on the Macquarie Arc's NJNB, providing continuous landholding along a significant strike of the Arc. The company's ambitions to create shareholder value through large-scale copper-gold discoveries are evident in the strategic value and scale potential of the new ground. With ongoing discussions with potential technical and funding partners, and upcoming exploration activities at the Nyngan and Nevertire projects, Kincora is poised for further advancements in its exploration and partnership endeavors. The company's focus on securing the best ground, concluding commercial deals, and exploring further partnerships reflects its commitment to advancing its project pipeline and unlocking value for its stakeholders.