Northparkes is the 2nd largest porphyry copper mine in Australia (to Cadia)

Endowment 5.5Moz Au and 4.5Mt Cu2

First quartile cash costs

Northparkes mine driven by series of porphyry pipes

• Series of narrow but vertically extensive gold rich copper porphyry pipes
• Deposits tend to occur as structurally controlled clusters
• Core of the systems not evident in the top 50 metres
• Bornite hosts the majority of copper mineralization, with majority of gold occurring as inclusions in bornite. Chalcopyrite is the dominant copper mineral in the outer regions of the bornite-rich cores
• E22 discovery (1st DDH): 229m @ 0.61% Cu, 0.67g/t Au 1
• E26 discovery: 441m @ 0.67% Cu1

Northparkes an expanding and very profitable mine

• Northparkes undergoing mine expansion with life to 2047 from 5 orebodies + PEA/resource upside1
• Commenced production in 1994: Reserve 68Mt
• 25 years on: Reserves 133Mt and 483Mt Resources
• Continued resource expansion and new discoveries
• First quartile cash costs supported by efficient block caving mining method (from E48 & E26 orebodies)
• 2019 new block cave (E26L1N) approved and mill expansion
• E44 satellite skarn deposit at studies and permitting phases for a potential open pit mine and c.20km truck haulage to the existing mill
• History of key project milestone
  • Discovered 1976 by Geopeko
  • Rio Tinto acquired an 80% interest in 2000 via acquisition of North
  • CMOC acquired 80% from Rio Tinto in 2013 for US$820m
  • In 2020, Triple Flag paid US$550m for a gold and silver stream

Northparkes Footprint

Kincora’s Trundle project is only brownfield porphyry project held by a listed junior in the Macquarie Arc

Trundle project sits within the same mineral system at the Northparkes mine

Northparkes underground resources projected to surface. Outline of deposits in blue. Near surface geochemical anomalies in red (>500pm Cu and/or >0.1g/t Au)

Northparkes Igneous Complex

Conceptual restoration of the Trundle and Northparkes projects – Trundle the western portion of the intrusive complex