InvestSMART

Kincora Copper Limited (ASX:KCC)

ALERT: Price-sensitive ASX Announcement for KCC
Current share price for KCC : $0.780 -0.05 (-6.02%)+
Announcement
Release
28 Apr 2026 8:24AM
Price at Release
$0.830
Full Release
download
Summary
Kincora Copper Limited has commenced a significant drilling program at the Condobolin mining field in Central West NSW, marking the first systematic exploration in over a decade. This project, fully owned by Kincora, is located in the Cobar Basin and targets the high-grade Meritilga discovery along with other potential zones. The program is fully funded and aims to explore new geochemical and geophysical targets while testing prior discoveries and larger porphyry centers. The initiative is seen as strategically valuable due to the high-grade mineral deposits in the region, which benefits from established infrastructure and favourable mining conditions. Kincora's efforts include consolidating the historic mining field, conducting an extensive geophysical survey, and exploring the potential of deeper intrusions driving hydrothermal systems, with ongoing partnerships such as with AngloGold Ashanti.
Key Points
  • Kincora Copper Limited has commenced a drilling program at the historic Condobolin mining field in Central West NSW, Australia.
  • The project is fully owned by Kincora and is located in the Cobar Basin.
  • This marks the first systematic drilling in over a decade at the Condobolin site.
  • The drilling program aims to explore down dip, on strike, and new adjacent geochemical and geophysical targets at the Meritilga discovery.
  • The project is fully funded, with future drilling planned to test other open prior discoveries and larger causative porphyry centers.
  • Kincora is conducting the drilling in partnership with AngloGold Ashanti at the Nevertire South project.
  • The Condobolin project has significant growth potential and is considered strategically valuable due to its high-grade mineral deposits.
  • The region has a history of high-grade, long-life mining operations with established infrastructure and favourable conditions for mining efficiencies.
  • Kincora's efforts include an extensive airborne geophysical survey and a regional assessment of historical workings.
  • The company is exploring the concept of deeper intrusions driving zoned hydrothermal systems across historical mines and targets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.