KINCORA COPPER Trundle: Advancing a new brownfield discovery - February 2022 - The Assay
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KINCORA
COPPER
Trundle: Advancing a new brownfield
discovery
February 2022 TRDD030: semi-massive chalcopyrite-carbonate vein
within the Middle Skarn at approximately 821m
Cautionary Statement Certain disclosure may constitute "forward-looking statements”. In making the forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable. However, the forward-looking statements are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such uncertainties and risks are described from time to time in the Company's filings with the appropriate securities commissions, and may include, among others, market conditions, delays in obtaining or failure to obtain required regulatory approvals or financing, fluctuating metal prices, the possibility of project cost overruns, mechanical failure, unavailability of parts and supplies, labour disturbances, interruption in transportation or utilities, adverse weather conditions, and unanticipated costs and expenses, variations in the cost of energy or materials or supplies or environmental impacts on operations. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. Qualified Person: The scientific and technical information in this presentation was prepared in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and was reviewed, verified and compiled by Kincora’s staff under the supervision of Paul Cromie (BSc Hons, M Economic Geology, PhD Geology, AusIMM), Exploration Manager – Australia, who is a Qualified Person for the purpose of NI 43- 101. JORC Competent person statement: Information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves has been reviewed and approved by Mr. Paul Cromie, who is a Qualified Person under the definition established by JORC and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity being undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Paul Cromie consents to the inclusion in this report of the matters based on his information in the form 2 and context in which it appears.
Why Kincora?
Team, Location, Targets & Catalysts
Industry leading technical Foremost gold rich porphyry
team belt pure play
Track record of major discoveries (eg Cadia & World-class belt, world-class mines - District
Reko Diq), unique knowledge of the Lachlan scale project pipeline highly prospective for the
Fold Belt (“LFB”) + “skin in the game” next one with a juniors leverage to success
Targets offering world-class Funded and active program,
copper gold potential News flow and catalysts
Drilling at advanced exploration stage projects Active & systematic explorer: Drill hole
with hallmarks to neighboring mines/deposits assay results pending for two projects &
that in total host >20Moz gold & >5Mt copper third being tested by neighboring explorer
drilling in NSW
3
Kincora’s strategic and district scale portfolio
Priority drilling projects
LACHLAN FOLD BELT
• Sit in favorable locations of the key porphyry belts of the Macquarie
(“LFB”) REGION
Arc
• Are advanced stages of exploration and/or host large scale footprints Kincora’s projects in
• Demonstrate potential hallmarks of neighboring world-class deposits RED
MACQUARIE
Level of ARC
Project Macquarie Proximity to Near term prior Evidence of Last partner /
Arc world-class mine drilling drilling Cu & Au owner
Trundle * ✓✓✓ Same system as ✓on-going ✓✓✓ ✓✓✓ High Powered
Northparkes + adj license Exploration
Fairholme * ✓✓✓
Brownfield setting to Northparkes
Within a prolific mining, infrastructure and agricultural district
• The Trundle project is situated on the interpreted
Rift Basin Peak Hill western side of the Northparkes Igneous Complex, a
rifted slice of the Ordovician-Silurian Macquarie Arc
within the Junee-Narromine volcanic belt
TRUNDLE NORTHPARKES
.
.
Mordialloc • The Northparkes project hosts an endowment of
Rift Basin Mining
License/Co
5.5Moz Au & 4.5Mt Cu1
Trundle mplex • 22 discoveries to date, of which 9 with proven
(see slide 8)
Trundle Park economic
• Further significant exploration upside
E44 deposit
(development) Trundle DDH prospects
Northparkes Caldera Boundary Northparkes prospects New South Wales
.
Rift Basin Northparkes Caldera Boundary Major Road
.
Town
Bogan Gate
Railway Sydney
Parkes
Trundle geochemistry Canberra
footprint
(>500ppm Cu &/or >0.1g/t Au)
1 Bespoke Mar’20 request by Richard Schodde from MinEx Consulting for Kincora.. “Endowment” reported on a pre-mined resource basis.
Trundle drilling
Two advanced priority prospects (so far)
Diamond drilling testing mineralization at 2 targets across ~8.5km N-S strike (Trundle Park & Mordialloc – completed Kincora holes in red traces)
Air-core drilling program to test wider intrusive complex (Ravenswood South, Dunn’s & Mordialloc – see white zones in magnetics image)
Geology Magnetics IP - Chargeability Mordialloc
Drill hole traces over IP chargeability
Kincora drilled/drilling
Historic drilling
Mordialloc Mordialloc Mordialloc
Collars by depth (m)
>50m
>300m
Geochemical anomalies
>500pm Cu &/or
>0.1g/t Au Ravenswood
500m
Informal workings South
~8.5km
500m
Dunn’s
TRDD022
Geology
Ordovician volcanics TRDD029
Trundle & sediments Trundle
Park Porphyry intrusions Trundle Park
Park
Devonian sediments
Trundle
TRDD030
Park TRDD031
Macquarie Arc porphyry model
Well-understood geological and exploration model
Peak Hill
• Alteration zoning (vertical and lateral) critical at system-
Gindinbung scale exploration
Epithermal Zone • Effective systematic exploration depends on a number
of key considerations, including level in the system,
nature/extent of cover and structural setting
Epithermal, quartz-
carbonate-base
metal-gold zones • Deposits (skarns and porphyry intrusions) tend to occur
Cadia East within structurally controlled settings and in clusters
Cowal, E42, E46,
E40, E41, E39 • Series of narrow but vertically extensive intrusion
Little Cadia, E44 systems
Cadia Ridgeway • Skarn systems can be located adjacent or above
Cadia Far East causative intrusion source
Northparkes: E26, E48,
Skarn zones E22, E27, Marsden
• Outcropping and near surface skarns systems historically mined
and assisted understand the geneses of the Cadia district
Porphyry zones • First skarn deposit at Northparkes (E44 Rocklands project) under
feasibility study / permitting, as the first potential satellite mine
Big Cadia
to the existing mill
Marsden, E43 Cadi Hill,
Milly Milly Cadia Quarry
Northparkes,
E31, GRP314
Alkalic Porphyry Model – Macquarie Arc example
(adopted from Alan J. Wilson, Ph.D. 2003) 7
Big systems but need to drill to their core
Cadia Northparkes
Newcrest CMOC & Sumitomo
Clusters of vertically
extensive deposits across a
significant strike which can
be missed with only shallow
drilling
Underground resources
5.7km projected to surface. 4.5km
Deposit outlines:
• Aqua = porphyry
Satellite image • Purple = skarn Satellite image
Ridgeway Cadia Quarry Cadia Hill Cadia East Cadia Far East S E26 GRP314 E48 E22 E27 N
NW SE
Top 50m
Top 50m
Endowment1
• 5.5Moz Au and 4.5Mt Cu
• >50Moz Au and >9.5Mt Cu
300m Section Section
Teritary basalt Monzonite porphyry Au >1g/t shell Trachytic volcanics Monzonite 0.5% Cu
grade shell
Siltstone Quartz monzonite 1
Bespoke Mar’20 request by Richard Andesitic volcanics Monzodiorite
Outline of Cu
mineralization Schodde from MinEx Consulting for
Sediments Mafic monzonite Quartz monzonite porphyry
Kincora.. “Endowment” reported on a
Mineralized porphyry pre-mined resource basis. 8
Volcaniclastics
Trundle Park prospect - our initial concept
Cadia Trundle Park
Newcrest Kincora
Cadia Far East Little Cadia Skarn zones Kincora hole TRDD001
Porphyry Skarn
Open
Porphyry
zones
Alteration overprint: Fluids cool as they
Ser=Qtz-Alb-Chl migrate, providing
Periphery of structure controlled
Potassic zone: Kfs+Bt+- vectors to underlying phyllic overprint: Ser-Qtz-Alb
Bn+-Ccp+-Qtz+-Mag
source Cadia and Trundle Magnetite zone:
Teritary basalt Causative
Park Sections Mag+Bt+Kfs+Ccp
porphyry
Siltstone intrusion Zoned alteration and Siltstone
mineralized skarn
Conglomerate Volcaniclastic
Magnetite –
Volcaniclastic Magmatic fluids Causative
hematite Monzonite
from an underlying porphyry
Pyoxene phyric lava
porphyry copper- intrusion Micro Diorite
Garnet –
Calcareous units gold source pyroxene
Drill intersections Quartz monzodiorite
Feldspar porphyry
Garnet >0.25% CuEq
Quartz monzonite Porphyry vein
>0.10% CuEq
200m 200m TRDD001 – significant intervals
• 51m @ 1.17g/t Au & 0.54% Cu (from 39m)
• 18m @ 0.53 g/t Au & 0.05% Cu (from 284m) 9
Skarn alteration and mineralization at Big and Little Cadia helped focus exploration at Cadia toward the largest porphyry system in Australia • 21m @ 0.25 g/t Au & 0.03% Cu (664m-EOH)
Trundle Park - shallow drilling defined 700m strike
Large magnetic complexes untested
12 line
2020
Sli tion
c
de
Se
DRILL HOLE KEY
Collar
>0.5 CuEq % 1
0.1-0.5 CuEq %
Background Total Magnetic
All prior explorer drill holes
* Down-hole lengths;
True widths not known 0 200m
1 AuEq at $1800/oz Au and 3.55
10
lb Cu (100% recoveries).Trundle Park - large system (now >1.3km), getting larger
Significantly improved geological understanding has both guided and justified deeper drilling
14 line
Now
Sli tion
c
de
Se
Recent milestones (in sequential order)
• Broadest porphyry interval at the project
TRDD022: 162m @ 0.24g/t Au, 0.04% Cu,
TRDD incl. 18m @ 0.75g/t Au, 0.09% Cu
0 22
• Next hole returns even broader
cumulative porphyry intervals
DRILL HOLE KEY
TRDD014W1: 10m @ 1.13g/t Au, 0.32%
Collar
Cu with a further ∼200m of cumulative
>0.5 CuEq % 4
TRD
anomalous gold intervals
0.1-0.5 CuEq % 4
• Porphyry system extended to surface
D
029 TRDD028
GEOLOGY MODEL
TRDD
1 • New southern trend extension discovery
Medial Skarn
TRDD029: first assay interval for one of
Proximal Skarn 0 three mineralised zones returns 36m @
TR
28
D
Monzodiorite 0.68g/t Au, 0.29% Cu (1.17g/t Au Eq)
D0
14
Monzonite Cumulative mineralised/altered interval
W1
amongst the three zones totals 213m
Informal Workings
Upper skarn in TRDD029 • Gold-copper mineralization now
Background Total Magnetic 1 Part assay results currently only available 36m @ 0.68 g/t Au, 0.29% Cu confirmed over >1.3 km strike and open
TRDD
TRDD0
for TRDD029
Drill hole traces for holes >50m 2 Assay results pending (visual lithology) Middle skarn2
depth only 3 Designed & on-going hole TRDD031 0 200m
Lower skarn2 11
0
* Down-hole lengths; 4 AuEq at $1800/oz Au and 3.55lb Cu
31
3
True widths not known (100% recoveries).
02
3Prior drilling was too shallow
Prior explorer drilling averaged less than 30m depth at Trundle Park
∼0.7km Prior explorer strike
Previous explorer drilling was largely to
basement mapping lithology and geochemistry
depth
explorer
Prior
• 490 holes for 14,556m previously drilled at Trundle
Prior explorer search space Park
• 1.2km-1.4km NE strike geochem anomaly1
2
TD02
• >90% of holes 250m
• Last phase of prior explorer exploration by High
Powered Exploration (HPX)
• 36km2 survey area, including Trundle Park
• Only one follow up hole (at a geophysically
defined, highest chargeability, target at
Mordialloc North-East)
• Significant Skarn alteration and mineralisation
footprint with zonation supported strike and depth
extensions
DRILL HOLE KEY • Including 150m radius BOH averaging 0.35g/t
Collar Au & 0.11% Cu
>0.5 CuEq % 1 • Grades up to. 2m @ 20g/t Au & 6.97% Cu
0.1-0.5 CuEq % 1
• Potassic intrusives identified
• Large magnetic complexes untested
1 >500ppm Cu &/or >0.1g/t Au
2AuEq at $1800/oz Au & 3.55 12
lb Cu (100% recoveries).Significantly expanded system – strike & depth
Kincora has identified two new intrusive systems
∼0.9km
Kincora strike prior to TRDD029
Significant intervals drilled by Kincora
(in recent order, before TRDD029)
TRDD014W1
Kincora defined extend of mineralization to depth
42m @ 0.42 g/t Au, 0.12% Cu from 358m, incl:
• 10m @ 1.13 g/t Au, 0.32% Cu from 382m
TRDD022
46m @ 0.54 g/t Au, 0.08% Cu from 684m; &,
TRD
18m @ 0.75 g/t Au, 0.09% Cu from 712m
D00
TRDD014
8
7m @ 0.64g/t Au, 0.53% Cu from 385m
TR
TR
19m @ 0.43g/t Au, 0.21% Cu from 388m incl:
DD
DD
001
• 4m @ 0.94g/t Au, 0.57% Cu from 394m
01
7W
22m @ 0.23g/t Au, 0.07% Cu from 482m incl:
TRDD
1
• 1.3m @ 2.34g/t Au, 0.54% Cu from 486m
10m @ 0.73g/t Au, 0.1% Cu from 626m
022
TRDD011
74m @ 0.37g/t Au, 0.40% Cu from surface incl:
4W1
28
DRILL HOLE KEY • 4m @ 3.36g/t Au, 4.98% Cu from 66m
TRDD0
D01
Collar
TRDD008
>0.5 CuEq % 1
TRD
87.7m @ 0.65g/t Au, 0.19% Cu from surface incl:
0.1-0.5 CuEq % 1 • 8m @ 1.63g/t Au, 0.57% Cu from 66m
TRDD001
51m @ 1.17g/t Au, 0.54% Cu from 39m
18m @ 0.53 g/t Au & 0.05% Cu from 284m
1 AuEq at $1800/oz
Au and 3.55 lb Cu 13
(100% recoveries).Newly identified extension
TRDD029 opens up a significant search space
∼1.3km
Current strike (open)
Significant new discovery in TRDD029
Hole TRDD029 1,2
Broad intervals of two separate mineralising events
• Quartz-carbonate-chalcopyrite vein sets
New block
• Three new zones of mineralised skarns
of system
• Cumulative mineralized skarn interval totals 213m
identified
• Quartz-carbonate-chalcopyrite vein sets
from 595-735.6m
• Supported continuation of the hole, not previously
identified at the project & increasing with depth
• Distal leakage along fractures emanating from a
Quartz-carbonate- deeper copper bearing system/intrusion?
chalcopyrite vein sets2
Upper skarn1,2 • Upper skarn:
36m @ 0.68 g/t Au, 0.29% Cu (1.17g/t AuEq) from 732m, incl:
• 4m @ 1.19 g/t Au, 0.59% Cu from 732m; &
HOLE TRACES FOR Middle skarn1,2
DRILL HOLE KEY TRDD029/30 • 22m @ 0.78 g/t Au, 0.32% Cu from 742m
Collar Quartz-carbonate- Lower skarn1,2 • Middle skarn:
>0.5 CuEq % 3 chalcopyrite vein sets 139.3m (826.7-966m) interpreted to host multiple zones
0.1-0.5 CuEq % 3 Skarn with abundant visual chalcopyrite (assay results pending)
• Lower skarn:
37.7m (981.3-1019m) (assay results pending)
1 Part assay results only available for TRDD029
2 Assay results pending (visual lithology) Sections from current working Kincora Leapfrog model. See Jan 25th and Feb 23rd, 2022 14
3 AuEq at $1800/oz Au and 3.55 lb Cu (100% recoveries). press releases for further details and disclaimers including JORC/NI 43-101 tablesOnly two holes in but clear scale potential emerging
TRDD030 confirms and extends scale potential of new zone
Discovery in TRDD029 confirmed & extended by
Hole TRDD029 1,2 Hole TRDD030 2
TRDD030
• Extension of quartz-carbonate-chalcopyrite vein sets
• >330m down dip
• Increased vein sets and visual chalcopyrite
(assays pending)
TRD
• Important new vein orientation
D00
8
• Strike and depth extension of mineralised skarns
TR
TR
• Cumulative mineralized skarn interval totals
DD
DD
almost 250m (assays pending)
001
01
7W
• Important new bedding & true width results
TRDD
1
• Eg Middle skarn zone vertical extent
>100m & >150m horizontal (at end of
022
zone)
HOLE TRACES FOR
4W1
• Increasing confidence in working geological
28
DRILL HOLE KEY TRDD029/30
TRDD0
model/interpretations
D01
Collar Quartz-carbonate-
>0.5 CuEq % 3 chalcopyrite vein sets
TRD
0.1-0.5 CuEq % 3 Skarn
1 Part assay results only available for TRDD029
2 Assay results pending (visual lithology) Sections from current working Kincora Leapfrog model. See Jan 25th and Feb 23rd, 2022 15
3 AuEq at $1800/oz Au and 3.55 lb Cu (100% recoveries). press releases for further details and disclaimers including JORC/NI 43-101 tablesMore favorable part of the system?
Multiple and broad mineralising events
Most amounts of visual chalcopyrite seen to
Hole TRDD029 1,2 Hole TRDD030 2
date at the Trundle project
• Working interpretation is that TRDD029 and
TRDD030 sit in a down faulted (>300m), preserved,
less faulted and more mineralised section of the
2
TD02
wider Trundle Park system
• Multiple chalcopyrite bearing events
• Highest visual chalcopyrite seen to date at
the Trundle project
DRILL HOLE KEY
Collar • Large mineralised skarns & vein sets systems
>0.5 CuEq % 3 suggestive of significant source
Quartz-carbonate-
0.1-0.5 CuEq % 3 chalcopyrite vein
sets2,4
GEOLOGY MODEL
Potassic Alteration
Sericite Alteration
Skarn Alteration
HOLE TRACES FOR TRDD029/30
Quartz-carbonate-chalcopyrite vein sets
Skarn
1 Part assay results only available for TRDD029
2 Assay results pending (visual lithology)
3 AuEq at $1800/oz Au and 3.55 lb Cu (100% recoveries). Sections from current working Kincora Leapfrog model. See Jan 25th and Feb 23rd, 2022 16
4 Cpy-Qtz-Carb vein sets within Middle Skarn in TRDD030 press releases for further details and disclaimers including JORC/NI 43-101 tablesVectors to causative intrusive porphyry target
Large mineralised skarns & vein set systems suggestive of significant source
Significant vectors for follow up
Hole TRDD029 1,2 Hole TRDD030 2 Hole TRDD031 2
• Initially targeting up dip potential
• TRDD031 commenced with 50m step out
2
west of TRDD030 – testing:
TD02
• Skarn bedding
• Quartz chalcopyrite vein orientation
• Core of magnetic high anomaly
DRILL HOLE KEY • Plan view of bedding & veining from TRDD029/30
Collar over magnetics (TMI) with design of TRDD031:
>0.5 CuEq % 3
ts
se
0.1-0.5 CuEq % 3
in
Ve
GEOLOGY MODEL Upper skarns1,2
Monzonite
Monzodiorite
Middle skarns1,2, 4
Sericite Alteration
Skarn Alteration Lower skarns1,2
TRDD029
HOLE TRACES FOR TRDD029/30
Quartz-carbonate-chalcopyrite vein sets
TRDD
TRDD03
Skarn
Sk
Hole trace
ar
031
n
Be
Skarn
dd
3
1 Part assay results only available for TRDD029
0
in
2
Qtz-Carb-Cpy vein sets
g
Assay results pending (visual lithology)
3 AuEq at $1800/oz Au and 3.55 lb Cu (100% recoveries). Sections from current working Kincora Leapfrog model. See Jan 25th and Feb 23rd, 2022 17
4 Cpy-Qtz-Carb vein sets within Middle Skarn in TRDD030 press releases for further details and disclaimers including JORC/NI 43-101 tablesMultiple higher grade zones
Examples of key and interpreted corresponding mineralised zones in holes TRDD029 & 30
(a) Porphyritic andesite lava flows with increasing
(a) TRDD029
silicification were noted along with epidote-
(b) TRDD030
chlorite-hematite alteration increasing at depth,
in-turn cut by later carbonate quartz veins &/or
as matrix fill along fractures with chalcopyrite
Carbonate-quartz veins with chalcopyrite at 474m
& 510m (assay results pending) in TRDD029
(c) Prograde garnet (b) Chalcopyrite-quartz-carbonate vein sets: @ 819-822.5m (assay results pending): Example of a carbonate-quartz-
(c) (olive)-magnetite chalcopyrite vein cutting chlorite-sericite-hematite altered volcanoclastic rocks with insert at 821.4m, zoomed into the
(black)-pyrite (dark chalcopyrite vein. This vein occurs within the Middle Skarn zone in TRDD030
yellow)-chalcopyrite
(yellow), cut by later (g) prograde TRDD029 Mid skarn @ 891.6m (assay results pending)
TRDD029 Upper skarn within 734-736m @ 1.94 g/t Au, 0.94% Cu retrograde carbonate garnet-
(tan iron carbonate & magnetite-
white calcite)- pyrite-
(d) magnetite (>70%) with garnet (olive) containing disseminated chalcopyrite hematite (red)- chalcopyrite (g)
(yellow) and cut by later quartz-carbonate-hematite (red) veins and void fillings chalcopyrite (yellow) (yellow)
(h) prograde garnet (olive)-magnetite (grey-black)-minor pyrite and chalcopyrite (yellow), with later
void & fracture fill comprising orthoclase (orange)-calcite and chalcopyrite @ 742m
(d)
(h)
TRDD030 Upper skarn @ 649m (assay results pending)
TRDD030 Mid skarn @ 742m (assay results pending)
(e) prograde garnet-magnetite (black)-pyrite-chalcopyrite (f) magnetite (black) with chalcopyrite,
(yellow), cut by later retrograde carbonate (tan iron carbonate cut by later carbonate-quartz veins with TRDD030 Mid skarn @ 750-753m (i)
& white calcite)-hematite (red)–chalcopyrite (@760.5m) minor hematite & chalcopyrite blebs (assay results pending)
(e) TRDD030 - Upper skarn (assay results pending)
TRDD029 - Upper skarn (assay results pending) (f) (j) prograde magnetite-garnet skarn with visible disseminations of chalcopyrite (yellow), in turn cut
by quartz-carbonate void and vein fillings with traces of chalcopyrite blebs with inset photo @
752m
Photos of selected intervals which are not representative of the mineralization hosted on the whole property or Trundle Park prospect but are of the alteration & lithology’s intersected in the mineralized zones in these
sections of drill holes TRDD029 and TRDD030, and current working geological interpretation presented within this presentation. There is insufficient drilling data to date to demonstrate continuity of mineralized domains 18
and determine the relationship between mineralization widths and intercept lengths, true widths are not known. See Jan 25th and Feb 23rd, 2022 press releases for further details/disclaimers including JORC/NI 43-101
tables.January 2021
Typical of other Macquarie Arc porphyry systems
Pathways between and examples of skarns / porphyry deposits
The Northparkes mine is currently permitting the E44 gold-copper skarn deposit as a first potential satellite operation to the existing mill
Skarn name and Porphyry resource Skarn type and skarn Porphyry:
location (wt%Cu, ppm Au) resource skarn
ratio
Big Cadia Cadia Hilla and Cadia Quarryb FeCuAu
352Mt @ 0.16% Cu and Big Cadia1 30Mt @ 0.5% 1:12
and 0.63 ppm Au; 40Mt @ a Cu and 0.4 ppm Au;
0.21% Cu and 0.4 ppm Au
Little Cadia*1 NSW Cadia East 220Mt @ 0.37 Cu Little Cadia 8Mt @ 0.5% Cu
Australia and 0.43 Au and 0.3 ppm Au 1:28
Ingerbelle BC, Simikameen skarn+2 CuAu 42.6Mt @ 0.45% 1:21
Canada2 porphyry 141Mt @ 0.47% Cu, 0.63 ppm Au2 1:3*
Cu and 0.13% Cu5
Ok Tedi, 439Mt @ 0.59% Cu and AuCu 28.8Mt @ 1.58 ppm 1:15
Papua New Guinea 0.51 Au3 Au, 1.25% Cu
Big Gossan, Grasberg & Ertsberg 34.7Mt @ 2.69% Cu n.a.
Indonesia intrusive complexes
Kucing Liar AuCu, Au-Cu 220Mt @ 2,796Mt @ Au-Cu 1.57 ppm Au, 1.42% 1:12
Indonesia 0.97 ppm Au and 0.09% Cu4 Cu (much more ore in ‘heavy
sulfide’ zones)
Sourced and adapted from “Pathways between skarns and porphyry deposits – A New South Wales perspective” – David Forster, Exploration in the House, June 2009
19
19Technical Team
Multiple world-
class copper and
gold discoveries,
and mine
developments
Exploration: Led by John
Holliday, a foremost expert
on LFB porphyries who
originated and managed the
exploration phases resulting
John Holliday Paul Cromie in the discovery of Cadia and
also the Marsden porphyry
discovery near Cowal.
Development: Led by
Baggy Sam McRae
Cameron McRae, track
record of large scale, full
project development and
production cycle in 4
countries and across 3
continents. 20
Background photo: Core logging at Trundle 20Industry leading exploration, mining and financing team
Board
Exploration track record
Cameron McRae Discoveries include:
• Cadia Au/Cu (Tier 1)
Independent Chairman
Remuneration Committee
Discovery Team • Marsden Cu/Au
Based in NSW • Reko Diq Cu/Au (Tier 1)
• Seasoned director, CEO and mining executive, incl. 28-yrs
Rio Tinto. Sam Spring Peter Leaman • Crater Mountain Au/Ag
• Lead full project development and production cycle in 4
President & CEO, Director • Mt. Bini (Kodu) Cu/Au
countries and across 3 continents. Senior Vice-President of
• Various corporate level transactions. Commerce degree Joined Sep 2012 Exploration
and MBA from Monash University. Based in Melbourne, VIC Based in Brisbane, QLD
• Former leading mining analyst, >10-yrs • Discovery and results orientated
within Goldman Sachs and Ocean Equities, senior explorationist with discovery, “Skin in the game”
Lewis Marks •
CA and CFA Charterholder. project gen, JV negotiation and
Has lead Kincora's activities and strategy management record. Own 5% of share register
Non-Executive Director (LIM Nominee) since 2012. • >40-yrs field experience incl. PanAust
Audit Committee (Regional Exploration Mgr SE Asia)
Based Mongolia and BHP (focused on Cu-Au/base
• Former practicing and currently registered New York lawyer
and commodity trader who has lived in Asia for almost 40-yrs. John Holliday
metals)
ESG focus
• Former long-standing board member of CBH Resources. Independent Non-Executive With a small, accountable team
• Extensive experience/network across the natural resource Director, Technical/Committee Senior field team
sector. Chair
Ray Nadarajah RESUME Based in Orange, NSW
• ABSc
Paul Cromie foremost
(Hons), expert on LFB Geology),
MSc (Economic porphyry PhD Paul Cromie Exploration, development,
Independent Non-Executive Director systems
Chair of Remuneration and Audit A P.O. Box• 138,
KeyForest
role inHill,
BHP 3131,
and VIC, Australia
Newcrest’s LFB Exploration Manager operational, capital markets,
Committees E pcromie.au@gmail.com
exploration
Based in Hong Kong • Originated
P +61 (0) 438 836373 & managed exploration phases corporate and governance
• Seasoned finance executive and investor with extensive
experience in the natural resources and infrastructure
resulting in the discovery of Cadia, and
also the Marsden porphyry discovery (near management of copper exploration programs in
skills balance
Overview Cowal) Sam
sectors.
An economic geologist with in+25 years of Jamaica and Chile (Q3 McRae
2011 to Q4 2012).
• Principal with Global Infrastructure Partners, ex-TPG, Rio • Worldwide experience Au and Cu Corporate as Chief Geoscientist
Joined Anglo American Supported by wider team of in-house geologists and
experience deposit
in mineral exploration, resource
exploration, discovery/evaluation,
Tinto, Oyu Tolgoi, Citi and Goldman, having worked in >25 (Asia-Australia),Development/Operations
involved with managing consultant
a geophysicists. Further details available at
countries.
development, project
incl. chief generation,
geoscientist, project
regional mgr ES Manager
project generation team to build the pipelinewww.kincoracopper.com/about-us
of
evaluation, Asia
project and regional
and manager exploration
of the Cadia project for 21
leadership/management,
Newcrest. business development projects for copper, iron ore and coal in the region
and also provided guidance to explorationCapital structure and shareholder register
Ticker “KCC” on TSXV & ASX
Other TSXV Transferred to ASX CDIs
A$15.7m
since listing3
(listed March 30th, 2021)
Management/
Market Cap1 Board 5%
120.7m total shares
(47.6m TSXV / 73.1m ASX)3 Other ASX
NPC 6%
A$5.3m LIM 16%
Cash2
(raised A$10m @ 20c/sh at ASX IPO)
RFM 7%
1. ASX price Feb 18, 2022 @ $0.13/sh 3. Transfer of TSXV shares to ASX CDIs since ASX IPO – see Jan 5, 2022 ASX press release for
2. Estimated at Dec 31, 2021 further details. Background photo: TRDD029 - 734-735m @ 1.94g/t gold & 0.94% copper 22Value catalysts for re-rating
Project Now
Trundle Diamond holes 31 holes (full assay results reported for 25)
Drilling projects,
Air-core
with hallmarks to
neighbouring world- Fairholme Diamond* 5 holes (assay results pending)
class mines
Air-core*
Nyngan Diamond holes* 1st hole 2nd hole
Co-operative funding
grants – direct * Nevertire + Jemalong
* Awards from New Frontiers Cooperative Drilling program from NSW Government to fund direct drilling costs dollar for
dollar. See Jan 31, 2022 release for further details.
Big Hill: Razorback 5 holes
Co-operative funding Cundumbul Sultan Resources** 3 holes (assay results pending)
grants – indirect ** Trundle Rimfire** The Valley
RM1 pre-IPO raising,
Mongolia field work + Mongolian portfolio & agreement1
2021 field
results
corporate deal 1Conditional agreement for Kincora to retain 9.9% in Resilience Mining Mongolia post ASX listing/fund raising (A$7.5-10m)
plus 20% carried asset level interest. Until then Kincora retains 100%. 2021 field season results recently announced. 23Investment opportunity
Ambition to become the leading pure play porphyry explorer in
Australia’s foremost porphyry belt
Team Location
Industry leading Tier 1 jurisdiction
technical team and geological
prospectivity
Targets Catalysts
Hallmarks to Active, systematic
neighboring world- drilling at multiple
class mines/deposits targets/projects
Background photo: TRDD029 at 900.5m depth (assay results pending): magnetite-garnet-
pyrite-chalcopyrite, cut by iron carbonate-calcite with large clots of chalcopyrite 24Appendices
TRDD001 high grade
interval of native copper,
chalcocite, chalcopyrite
and black chlorite in skarn:
4.24g/t gold and 1.6%
copper @ 60.6m-61.6m
within a broader interval of
51m @ 1.17g/t gold and
0.54% copper from 39m
– refer Jul 6, 2020 press release
– photos of selected intervals are
not representative of the
mineralization hosted on the whole
property
25Appendix - Trundle assay results & other priority exploration project press releases
Target Hole# Length (m) Dip (°) Azimuth (°) RL Easting (MGA) Northing (MGA) Core recovery Assay results Press release For further details, including QAQC procedures, JORC tables, NI
43-101 statements, please refer to the following press
Trundle Park TRDD001 685 60 262 270 570049 6352082 95.90% Yes 1
releases:
Mordialloc TRDD002 790 60 101 271 568443 6360363 98.20% Yes 2
Trundle project
Bayleys TRDD003 721 60 329 274 569230 6360641 99.50% Yes 3
Trundle Park TRDD004 694 55 264 271 569780 6352079 99.60% Yes 3 1. Jul 6, 2020 - Kincora announces high-grade gold-copper
results from first hole at Trundle
Mordialloc TRDD005 958 60 110 266 568439 6360204 97.30% Yes 3
Mordialloc TRDD006 962 70 275 267 568599 6360206 98.90% Yes 4 2. Jul 23, 2020 - Kincora reports further strong
encouragement at Trundle
Trundle Park TRDD007 521 60 264 268 570012 6352230 84.40% Yes 6,7
Trundle Park TRDD008 490 60 264 272 569920 6351962 97.10% Yes 4,5 3. Sep 3, 2020 - Kincora provides update on expanded drilling
program at Trundle
Trundle Park TRDD009 445 60 310 267 569611 6352378 99.20% Yes 6
Trundle Park TRDD010 643 60 330 272 569963 6351919 96.40% Yes 6 4. Nov 30, 2020 - Kincora intersects broad mineralized zones
at Trundle
Trundle Park TRDD011 332 55 330 270 570035 6352041 94.80% Yes 5
Trundle Park TRDD012 581 55 330 270 570062 6351997 85.60% Yes 5 5. Jan 20, 2021 - Kincora intersects further shallow
mineralization at Trundle
Trundle Park TRDD013 402 60 330 272 570012 6351827 94.60% Yes 6
Trundle Park TRDD014 670 65 330 275 569833 6351808 97.40% Yes 7 6. Mar 2021, Independent Technical Report for the ASX
prospectus
Trundle Park TRDD015 550 60 330 270 570088 6351952 98.10% Yes 7
Trundle Park TRDD016 496 60 330 268 570029 6352250 89.40% Yes 7 7. Apr 22, 2021 - Exploration update
Trundle Park TRDD017 691 55 150 272 569684 6352060 98.73% Yes 8 8. Jul 8, 2021 - Exploration portfolio drilling update
Trundle Park TRDD018 484 55 330 268 570136 6352352 97.40% Yes 8 9. Aug 17, 2021 - Significant gold-bearing intervals at Trundle
Mordialloc TRDD019 943 75 320 262 568697 6360065 100.0% Yes 8 Park
Mordialloc TRDD020 718 60 140 273 568227 6360865 99.80% Yes 8 10. Dec 7, 2021 - Porphyry system extended to surface and
Mordialloc TRDD021 736 60 140 274 568419 6360647 99.21% Yes 9 depth at Trundle Park
Trundle Park TRDD022 940 55 274 269 570073 6352099 88.07% Yes 9 11. Jan 25, 2022 – Newly discovered higher-grade zones
Trundle Park TRDD023 307 60 320 269 570085 6352076 91.30% Yes 10 expand the large-scale gold-copper system at Trundle
Mordialloc NE TRDD024 571 70 280 285 569846 6361939 96.65% Park
Mordialloc SW TRDD025 397 60 70 259 567718 6359613 94.95%
Trundle Park TRDD026 843 60 85 267 569292 6352233 98.15% Yes 10
Trundle Park TRDD014W1 578 (EOH 877) 55 338 275 569833 6351808 98.70% Yes 10
Trundle Park TRDD027 319 60 250 272 568913 6352255 92.30%
Trundle Park TRDD028 879 75 340 274 569633 6351934 98.98% Yes 11
Trundle Park TRDD029 1033 55 160 270 569522 6352103 97.19% Part 11
Trundle Park TRDD030 1015 67 350 273 569620 6351427 99.86% pending
Trundle Park TRDD031 ongoing 60 346 273 569567 6351424
26
Metres drilled 20,394ASX & TSXV: KCC February 2022
KINCORA
COPPER
Contact
Sam Spring
@KincoraCopper
President & CEO
sam.spring@kincoracopper.com
Kincora Copper Limited
Melbourne +61431 329 345 www.kincoracopper.com
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