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

The Company’s wholly owned Nyngan, Mulla and Nevertire 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.

In June 2022, Inflection intersected interpreted Macquarie Age rocks with a maiden drilling program at the Duck Creek prospect, located within 2.5km from Kincora’s Nyngan project. This technical success was a catalyst for oversubscribed C$1.65m raising @ C$8.8m pre-money valuation.

For further details please refer to: