• Kincora’s projects sit in highly prospective locations of the key belts of the Lachlan Fold Belt
• Are advanced stages of exploration and/or host large scale footprints
• Demonstrate hallmarks of neighboring world-class deposits
• Benefit from existing infrastructure and favorable ESG considerations

Kincora holds a wholly owned district-scale project portfolio in the Central-West of New South Wales (NSW), centered on Australia’s prolific Macquarie Arc and Cobar Superbasin of the Lachlan Fold Belt.

The region is a world class Gold-Copper province, a hotspot for M&A and also exploration.

The corporate appeal of the district is evident from recent multiple billion dollars of M&A. These transactions include one of the worlds’ most profitable hard rock projects (Cadia – bought last year by Newmont), the CSA mine (A$1.3 billion – bought last year by Metals Acquisition) and Northparkes (80% bought last year by Evolution for up to A$720m).

Recently there has also been significant investment and success in the exploration space.

The more well explored sections of the Macquarie Arc already host over 160Moz gold equivalent in resource endowment. This endowment includes two recent >10Moz gold equivalent series of discoveries and resource growth (by Evolution Mining at its flagship Cowal mine, with 175,000m of drilling planned in the next year, and by Alkane Resources at the Boda-Kaiser deposits).

Notable earlier stage exploration successes include Australian Gold and Copper (AGC.ASX – recent >5x) with its Achilles project (a new Cobar style discovery, comparable to Kincora’s Condobolin project) and also Waratah Resources (WTM.ASX – recent >6x) with its exploration success at Spur (an underlying porphyry system with a number of similarities to Kincora’s Trundle project).

Prospective early stage porphyry ground in the Macquarie Arc has recently been the focus of five large earn-in and joint venture agreements supporting potentially over $300 million of exploration expenditure covering over 10,000 km2.

The recent exploration success by Waratah at the Spur target, coupled with resource growth at Cowal and Boda-Kaiser highlights the upside potential of the existing known and open mineral systems in the district (such as Kincora’s Fairholme and Trundle projects).