NORTHERN JUNEE-NARROMINE BELT

Northern Junee-Narromine Belt Projects (Nyngan, Nevertire and Mulla Licenses)

May 14, 2021

The Company’s wholly owned Nyngan (granted), Mulla (application) and Nevertire (granted) licenses cover 1,761km2 a large portion of what is interpreted by Kincora to be the most prospective and shallow to moderate covered part of the commonly accepted northwards extension of the Junee-Narromine Belt of the Macquarie Arc.

Kincora was an early mover into the region, which is within a jog in the Junee-Narromine belt.  This jog favourably comparable to the Lachlan Transverse Zone and other NW-SE lineaments that have often been interpreted as fundamental controls on the formation of the porphyry related mineralized systems in the Macquarie Arc (eg Cadia, Northparkes, Boda and Cowal-Marsden).

The broad region was previously the focus of St Barbara Ltd’s Big Gold Lachlan Project-Marra Joint Group project that covered various separate license areas across an 80km strike. St Barbara interpreted “the area to contain the largest volcano-intrusive centre of the Ordovician-Early Silurian Macquarie Arc, which to the south hosts the Northparkes and Cadia Valley mines.”3

Outside of the Nyngan, Mulla and Nevertire licenses, the northern section of the Junee-Narromine belt has attracted significant recent interest with majors and juniors alike pegging ground resulting in greater than 100% increase of tenure in the region since Kincora moved in. Inflection Resources and FMG Resources are both currently undertaking stratigraphic and target testing drilling programs within the region.

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