Kincora Copper Limited (ASX:KCC)

Kincora Copper Limited (ASX & TSXV: KCC) announced a drilling update for its Nevertire South and Nyngan licences in the Northern Junee-Narromine Belt, NSW, saying results support new province-scale porphyry copper-gold potential within the covered northern extensions of the Macquarie Arc. The company reported that 2025-2026 drilling at Nevertire South upgraded two large composite volcanic-intrusive porphyry target complexes within the wider Nevertire Magmatic Complex for further step-out, infill and deeper drilling, with hole NEDD011 highlighted as especially encouraging due to highly anomalous copper, gold and molybdenum associated with porphyry-style veining and intrusive complexity that may vector toward a deeper or laterally offset mineralised core. Across the northern and southern complexes, drilling returned broad anomalism and localised higher-grade copper and gold with pathfinder elements consistent with inner-propylitic to potassic porphyry environments. Kincora also completed four scout holes over a 15km southern strike at Nevertire South, all interpreted to have intersected Macquarie Arc rocks, materially expanding the search space and supporting a prospective strike length of more than 40km, more than five times the previously drilled extent. Scout drilling also resumed at Nyngan with five to eight planned holes across the Ace of Spades and Gerar targets. The Nevertire, Nevertire South, Nyngan, Nyngan South and Mulla licences are part of two earn-in and joint venture agreements with AngloGold Ashanti, which can invest up to A$100 million across five adjacent licences covering more than 100km of strike, while Kincora manages the programs and earns a 10% management fee on expenditures.