Recent Insider Transactions • Mar 13
Independent Non-Executive Director recently sold CA$166k worth of stock On the 12th of March, John Holliday sold around 150k shares on-market at roughly CA$1.11 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$218k more than they bought in the last 12 months. New Risk • Mar 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$58.5m market cap, or US$43.1m). Bekanntmachung • Feb 27
Kincora Copper Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million. Kincora Copper Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million.
Security Name: CHESS Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 3,809,524
Price\Range: AUD 1.05
Discount Per Security: AUD 0.063 New Risk • Nov 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$6.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.1m free cash flow). Share price has been highly volatile over the past 3 months (31% average weekly change). Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$53.4m market cap, or US$38.0m). Bekanntmachung • Oct 17
Kincora Copper Limited Appoints Kerry Stevenson and Michelle Borromeo to the Advisory Board Kincora Copper Limited announced that it has appointed Kerry Stevenson and Michelle Borromeo to its Advisory Board. Ms. Stevenson and Ms. Borromeo along with the recent announcement of Brent Cook and Laurie Thomas joining to Kincora's newly formed Advisory Board will strengthen the Company's exploration, asset level partner and corporate strategies, and follows the recently oversubscribed non-brokered private placement lead by North American natural resource sector investors Rick Rule and Jeff Phillips. Kerry is a seasoned veteran who has built and sold companies, is a successful financial market investor and business performance coach with a global network best known for her passion for the precious markets sector, including her Australian Gold Conferences, one of which was a huge success earlier this week. Michelle's corporate development and communication experience and network in the North American natural resource sector will greatly assist Kincora's corporate engagement and strategy. Ms. Stevenson is one of Australia's leading commentators and thinkers in the resources sector with a truly global perspective and network. With over 20 years' experience in the Australian and international resources sector Kerry's ability to ask the questions that investors need answers to make her one of Australia's most successful and sought after interviewer's, connectors and capital market advisors. Kerry's informative podcasts and interviews can be found on her YouTube channel - Making Money Matter. Ms. Stevenson is passionate about connecting people and helping to raise the right companies' profiles. She hosts the Australian Gold Conference in Sydney, held earlier this week, as well as Gold Coast Gold connecting the precious metals industry with the investment community and is a frequent panelist at many of the leading North American resource events. Ms. Borromeo has 20 years of experience in natural resources, specializing in the capital markets as an Investor Relations, Corporate Communications and Corporate Development executive since 2009. Michelle began her career in natural resources as a field biologist working in Mexico followed by working for an oil and gas service company in Alberta. Michelle transitioned to the corporate side 15 years ago where she continues to work as a strategic advisor and consultant for various junior mining companies. She holds a Bachelor of Science degree in Biology, with a minor in Geology from Simon Fraser University. Recent Insider Transactions • Oct 16
Independent Non-Executive Director recently sold CA$52k worth of stock On the 9th of October, John Holliday sold around 46k shares on-market at roughly CA$1.12 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Sep 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 296% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Shareholders have been substantially diluted in the past year (296% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$118.4m market cap, or US$85.6m). Bekanntmachung • Sep 05
Kincora Copper Limited announced that it has received CAD 4 million in funding from Big Ben Holdings Pty Ltd and other investors On September 4, 2025, Kincora Copper Limited closed the transaction. The transaction includes participation from returning investor, Big Ben Holdings Pty. Ltd. for 1,497,167 units at an issue price of CAD 0.30 for gross proceeds of CAD 449,150.10. Prior to the offering, Big Ben held 3,766,713 shares, zero warrants and 807,599 options, representing approximately 12.91% of the issued and outstanding shares on a non-diluted basis and 15.26% on a partially diluted basis, assuming exercise of warrants and options. Following the completion of the offering, Big Ben beneficially owns and controls 5,263,880 shares, 1,497,167 warrants and 807,599 options, representing approximately 12.38% on a non-diluted basis and approximately 17.20% on a partially diluted basis assuming the exercise of such warrants and options. The shares will be subject to a one year hold period from the closing date and such other restrictions as may be required by applicable securities laws and stock exchange rules. New Risk • Aug 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (CA$17.5m market cap, or US$12.7m). Bekanntmachung • Jul 16
Kincora Copper Limited, Annual General Meeting, Aug 27, 2025 Kincora Copper Limited, Annual General Meeting, Aug 27, 2025. Location: british columbia, vancouver Canada Bekanntmachung • Jul 08
Kincora Copper Limited announced that it expects to receive CAD 4 million in funding Kincora Copper Limited announced a non-brokered private placement to issue 13,333,333 units at an issue price of CAD 0.30 per unit for gross proceeds of CAD 3,999,999.9 on July 7, 2025. The Units will comprise one common share and one common share purchase warrant. Each Warrant entitling the holder to acquire a further common share at a price of CAD 0.50 for a term of three years. The Shares will be subject to a one year hold period from the closing date and such other restrictions as may be required by applicable securities laws and stock exchange rules. Fifteen (15) months after the closing date, the Company will have the right to accelerate the expiry date of the Warrant. The Offering is subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the Exchange and shareholder approvals required by the ASX. Bekanntmachung • Jun 06
Kincora Copper Limited Expanded Scope for Ongoing Drilling in the Northern Junee-Narromine Belt Kincora Copper Limited provided an update on its ongoing and further expanded exploration programs in the Northern Junee- Narromine Belt (NJNB). These programs are located in the undercover extension of the Macquarie Arc in NSW and being conducted under an earn-in and joint venture agreement with AngloGold Ashanti. Nyngan Update Initial scout drilling activities at the Nyngan project commenced calendar fourth quarter 2024 and are ongoing. To date, fifteen holes for 6,197.3m have been completed in partnership with AngloGold Ashanti under the May 2024 earn-in agreement 2. This program utilises cost-effective mud-rotary drilling through the relatively soft post mineral cover sequence followed by diamond core drilling (N third quarter) of porphyry-prospective basement. All holes to date have provided samples of basement geology across separate magnetic complexes and key lithological domains hosted within two separate and previously untested Macquarie Arc intrusive complexes, the Ace of Spades and Gerar (formerly South-West) targets, which cover approx. 16 x 18km and approx. 7 x 17km, respectively. Following encouraging results for the first six holes completed in fourth quarter 2024, the drilling program was expanded to provide greater coverage across the two wider target areas and a ground gravity survey was commissioned and completed in first quarter 2025. The gravity survey covered over 400km2 and has identified a number of new targets, four of which are currently being drilled in the ongoing expanded current scout program. Various coincident magnetic and new gravity anomalies have been identified at both the wider Gerar and Ace of Spades targets. Encouraging alteration, anomalous copper and pathfinder minerals are noted in multiple holes supporting porphyry copper and epithermal gold potential. A Stage 2 follow up phase of step out drilling is proposed at the Nyngan project post completion of the scout drilling program and analysis of results. Nevertire and Nevertire South Update Following the recent April 2025 amended and second earn-in agreement, plans for exploration activities have been expanded to support a first phase drilling program at both the Nevertire and Nevertire South projects with unimpeded access across the consolidated approx. 8 x 12km Nevertire Magmatic Complex (‘NMC’). This program includes both step out and scout targets with drilling anticipated to commence in August upon completion of the current program at Nyngan. Prior Newcrest Mining drilling at the central and southern section of the NMC has returned anomalous copper-gold mineralisation, favourable fertility defined by green rock analysis, geochemical zonation and alteration suggestive of an outer porphyry system setting with age dates confirming a highly prospective Macquarie Arc intrusive complex (at approximately 220m depth down hole). The northern section of the NMC, which has not been effectively drill tested, is a high priority porphyry target and, in Kincora's view, the most advanced and geologically prospective porphyry target within covered extensions of the Macquarie Arc. A step out drilling program from the best two prior Newcrest drill holes (open to the north, east and west) is designed to discover or create a vectoring pattern to a targeted porphyry deposit - with initial scout holes testing the northern extension onto the Nevertire license. Following an estimated seven holes at Nevertire and Nevertire South, drilling is expected to recommence at Nyngan for a step out phase of drilling. The drilling programs at the Nyngan, Nevertire and Nevertire South projects are expected to continue into the fourth quarter of calendar 2025, providing a regular news flow and management fees to Kincora. New Risk • Apr 06
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$3.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.4m free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$7.11m market cap, or US$5.00m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Bekanntmachung • Oct 23
Kincora Copper Limited Announces Cutting-Edge Geophysics Confirms High Priority Drill Target at the Nyngan Project Kincora Copper Limited announced the initial interpretations from new geophysical surveying at a portion of the northern "Ace of Spades" region of the Nyngan Project, located in the Northern Junee-Narromine Belt (NJNB) of the Macquarie Arc, Central West New South Wales. The initial results from the Fleet Space surveys, coupled with existing regional geophysics, are positive providing a more detailed and refined geophysical model for an existing a high priority and large-scale target that is about to be drilled within the Ace of Spades region. The Ace of Spades is a very compelling new district scale opportunity, potentially the largest volcano-intrusive complex of the Macquarie Arc and has never been drilled. Fleet Space's real-time Ambient Noise Tomography (ANT) and ground gravity surveys, enabled by their end-to-end mineral exploration solution, Exosphere, are the first integrated surveys completed by Fleet Space and seek to apply cutting-edge technology to generate and interpret new homogeneous, primary datasets with existing regional geophysical surveys and geological data. The surveys have confirmed and refined a regionally significant priority drill target previously and separately identified by Kincora, AngloGold Ashanti and Fleet Space within the northern "Ace of Spades" region of the Nyngan Project. Existing regional geophysics strongly indicates that the Nyngan Project potentially hosts the largest volcano-intrusive complex of the Macquarie Arc offering new district scale potential situated in the northern under cover extension of the Arc. It is well documented that the composite volcanic and intrusive complexes elsewhere in the Macquarie Arc, which hosts an estimated total mineral endowment of over 160Moz gold equivalent 3, have large alteration and geochemical halos that are often identifiable from regional geophysical surveys. For example the magmatic and alteration footprints at Cadia have a approximately 5.7km wide footprint, hosting two skarn and five porphyry deposits with a metal endowment of more than 50Moz gold and more than 9.5Mt copper 3, and regional geophysics is able to identify key structures and geological units. Similar large geophysical features are present at the Nyngan Project and the survey area. Furthermore, the mineralised deposits in the Arc (including Cadia) and other globally significant porphyry districts generally occur in clusters situated on cross-arc structures. Similar structures have been identified by the Fleet Space surveys inline with existing regional geophysics. Two existing 2024 field season Kincora and AngloGold Ashanti drill targets were covered by the Fleet Space surveys and are to be very shortly drill tested as part of the first ever copper-gold focused drilling program within the Ace of Spades. A 6 to 8-hole for an estimated 4000-5000m program has commenced and is scheduled before the end of year with earn-in partner AngloGold Ashanti within an existing pipeline of 16 targets that are permitted for drilling within the northern portion of the Nyngan Project. The Fleet Space multiphysics surveys have combined proprietary ground exploration techniques that minimise environmental impact by utilising seismic noise derived from natural and anthropogenic sources (two ANT surveys complete), with new gravity (two ground gravity surveys complete) and existing public access regional airborne magnetics and gravity. Intergration of these datasets have sought to: (i) identify and refine targeting of new composite volcanic and intrusive complexes, (ii) map the depth to basement, (iii) refine key structural features, and, (iv) identify changes in velocity and density that may reflect different lithological units. The regional ANT survey covered an area of approximately 35km2 with a tighter spaced infill and ground gravity survey area of approximately 9km2. Similar to other Fleet Space surveys in the district, the ANT velocity model provides a depth profile to approximately 2500m and 1000m in the infill survey. This marks the first time a Fleet Space real-time ANT survey has been accompanied by an integrated and coincident ground gravity survey to deliver complimentary nearer surface density models. The initial interpretation of the Nyngan multiphysics results have confirmed and refined an existing high priority drill target with several features of interest at both a regional and infill survey level having potential implications for future exploration. (i) Regional ANT survey results highlights: Multiple deep-seated structures consistent with existing magnetics and gravity features, refining interpreted potential cross-arc structures and separate target domains that may have influenced the emplacement of intrusions. Supported the potential for multiple volcanic and intrusive complexes. Average depth to basement of approximately 360m across the survey area. Identified a number of potential new areas of interest with low seismic velocity zones in the basement sequence (interpreted to potentially be related to hydrothermal alteration), near edges and/or above high seismic velocity bodies (interpreted to potentially be related to large intrusions at depth). (ii) Infill ANT and gravity survey highlights: Higher resolution of interpreted structures, with velocity and density models refining potential lithological domains, structures and cross-arc structures. Supported the potential for multiple intrusive stocks and additional drill hole targets. Confirms and refines an existing high priority drill target with the originally proposed drill hole collar moved approximately 400m. Imminent drilling will test a large scale target off the shoulder of a pronounced density and magnetic anomaly associated with a potential cross-arc structure and into a low-intermediate seismic velocity zone (interpreted to potentially be related to hydrothermal alteration and/or mineralisation) that lies above a high seismic velocity anomaly at depth (interpreted to potentially relate to a Macquarie Arc intrusion). The commenced drilling program is expected to provide enhanced geological understanding of the geophysical models resulting from the Fleet Space multiphysics surveys. Such learnings are expected to assist Kincora with future exploration and drill hole targeting at both the Nyngan Project, the recently expanded partnership with Fleet Space for the Wongarbon Project and the Company's existing pipeline of eleven other porphyry projects in the Macquarie Arc. Currently Kincora and AngloGold Ashanti have an existing pipeline of 16 targets that are permitted for drilling within the northern portion of the Nyngan Project. Bekanntmachung • Oct 22
Kincora Copper Limited Announces Cutting-Edge Geophysics Confirms High Priority Drill Target at the Nyngan Project Two of these proposed for drilling before year-end are included in the Fleet Space survey area with a further two permitted covered by the regional ANT. Similar to other project level ANT surveys recently undertaken by Fleet Space in the Macquarie Arc at Waratah Minerals Limited's Spur Project ("Waratah", WTM.ASX) 4 and Inflection Resource's Duck Creek Project ("Inflection", AUCU.CSE) 5,6, a number of additional areas of potential interest for new large intrusive porphyry systems and potential drill targets have been identified in the Ace of Spades region. Inflection has been using Fleet Space ANT survey results, coupled with existing regional geophysics, as a key exploration tool in its drill hole targeting at Duck Creek. Results from down-hole geophysical surveying have reported zones of relatively high seismic/shear- wave velocity associated with competent intervals of monzodiorite, which supports the hypothesis that intrusions are likely to manifest in the ANT data as zones of elevated seismic velocity. Additionally, the surveying demonstrates localised areas of low seismic velocity associated with more intense hydrothermal alteration, which also supports the interpretation that low seismic velocities evident in the ANT survey can represent zone of hydrothermal alteration 7. The results of the multiphysics surveys at Nyngan will be reviewed in light of the commenced drilling program results in conjunction with AngloGold Ashanti and are expected to also assist with Fleet Space and Kincora's partnership for the Wongarbon Project. Further New District-Scale Opportunities Prospective early stage porphyry positions in the interpreted undercover extensions of the Macquarie Arc that offer new district scale potential have recently been the focus of five large earn-in and joint venture agreements supporting potentially over $300 million of exploration expenditure covering over 10,000km2. Most recently, only in August, Gold Field's re-entered the Macquarie Arc via a multiple phase, multiple project option agreement with a private explorer, Gold and Copper 8. Spatial and temporal settings, coupled with magnetics, gravity and ANT surveys, supports new district scale potential and that the larger sections of the Macquarie Arc may be located under post mineral cover. Kincora was an early entrant pursuing this strategy, securing a significant portion of the most prospective and shallow to moderate depth sections of this underexplored (often never drilled) sections of the Macquarie Arc. The Company is discussing further partnership opportunities with Fleet Space, amongst other groups, and notes the recent results of the Fleet Space and Inflection district scale ANT survey (>1800km2) which, when integrated with other existing datasets (including airborne magnetics and gravity), has resulted in four new priority targets, three of which commence within 2km's of Kincora's wider project portfolio (four if Duck Creek is included) in the Northern Junee-Narromine Belt (NJNB). Kincora has recently secured three new wholly owned licenses covering 1,377km2 (the Nyngan West, Nyngan South and Nevertire South Projects) providing a continuous landholding along >100km strike of the NJNB 9 with a recent extremely positive review of the new Nevertire South Project supporting what Kincora believes is the most attractive geologically supported target in the covered extensions of the Macquarie Arc 10. Coupled with the highly prospective Wongarbon Project11, located on the northern Molong Belt, Kincora is seeking to confirm multiple new district-scale and porphyry discovery potential. Bekanntmachung • Oct 18
Kincora Copper Limited, Annual General Meeting, Dec 09, 2024 Kincora Copper Limited, Annual General Meeting, Dec 09, 2024. Location: british columbia, vancouver Canada Bekanntmachung • Oct 16
Kincora Copper Limited announced that it expects to receive AUD 1.273 million in funding from Fleet Space Technologies Pty Ltd, Big Ben Holdings Pty Ltd Kincora Copper Limited announced a private placement to issue 33,500,000 shares in two tranches at issue price of AUD 0.038 with 1:2 attaching option at AUD 0.075 with a 2-year term for gross proceeds of AUD 1,273,000 on October 16, 2024. The transaction includes participation from Fleet Space Technologies Pty Ltd for proceeds of AUD 400,000, existing major shareholder, directors, Big Ben Holdings and new investors. The offering is Subject to shareholder approval. Bekanntmachung • Aug 15
Kincora Copper Limited and Anglogold Ashanti Outline Plans for the Next Chapter of Copper-Gold Focused Drilling in the Macquarie Arc Kincora Copper Limited outline plans for the next chapter of copper-gold focused drilling in the Macquarie Arc, Central West New South Wales (NSW) with a first program in partnership with and funded by AngloGold Ashanti to shortly commence at the Nyngan Project. The undercover extensions of the renowned Macquarie Arc porphyry copper-gold geology are globally significant exploration opportunities offering new district(s) scale discovery potential. The region has attracted four earn-in and joint venture agreements in the last 12 months supporting potentially over $200 million in exploration and development expenditure. The most recent notable example of a new emerging globally significant porphyry district is the Vicuña district in the central Andes in Argentina on the border of Chile, which is largely consolidated by Lundin group entities and BHP and situated at over 4000m altitude 1. Within this district NGEX Resources Inc. in 2009 held three early-stage exploration projects and, at the time, had a market capitalisation of approximately C$40 million. These same projects are all still at a pre-development phase but have yielded four large-scale discoveries currently valued at over C$8 billion 2. In comparison, the central west of NSW benefits from multiple world-class mines, existing infrastructure, high-quality publicly available exploration data and an existing mineral endowment of over 160 million gold equivalent ounces 3. Regional geophysics strongly indicates that Kincora's Nyngan license hosts the largest volcano-intrusive complex of the Macquarie Arc, which is almost untested, offering new district scale potential. Kincora, as the early entrant, has secured a district scale position in the interpreted shallow-to-moderate covered core sections of the Northern Junee-Narromine Belt (NJNB) by pegging Nyngan and Nevertire which are now in partnership with AngloGold Ashanti 4. Subject to permitting, access and weather conditions, the drilling program is anticipated to commence from mid September and will continue until the summer break, comprising up to eight holes for an estimated 4000-5000 metres. Recent planning and targeting activities with its partner AngloGold Ashanti have significantly expanded the number of targets, the drilling necessary to test a series of major and previously-undrilled interpreted magmatic complex targets at the Nyngan Project. This first program will test the potential for up to eight separate large intrusive complex targets. The program will comprise cost-effective mud-rotary drilling through the post mineral cover sequence with diamond core drilling upon refusal and testing of the targeted basement. Kincora is managing the exploration program and will receive a 10% management fee as the program is funded by AngloGold Ashanti via the up to $50 million earn-in and joint venture agreement for the Nyngan and Nevertire Projects. These drill targets include an existing high priority large intrusive complex target, which is currently the focus of Fleet Space's ongoing Ambient Noise Tomography (ANT) and gravity geophysical surveys within the northern portion of the Nyngan Project 5. The geophysical surveys are seeking to map and refine the interpretation of the paleo-surface and basement rocks and refine modeling of the targeted alteration, intrusions and structures. Recent neighbouring exploration drilling by Inflection Resources ("Inflection") is further supporting the potential of a series of Macquarie Arc intrusives to the immediate east of the "Ace of Spades" target area at Nyngan. Inflection has announced encouraging results at the Canonba target situated on the license boundary to the Nyngan Project, and located approximately 5km from its Duck Creek target, which is a Phase 2 designated project with its earn-in and joint venture partner AngloGold Ashanti 6. The Canonba, Duck Creek and Ace of Spades target areas potentially host important common transverse structures providing further encouragement about the potential of a new district-scale porphyry opportunity. Bekanntmachung • May 31
Kincora Copper Limited Announces Ray Nadarajah Transitions to an Advisory Role Stood Down from the Board Kincora Copper Limited announced that non- executive director Ray Nadarajah has transitioned to an advisory role having stood down from the Board. New Risk • Dec 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 63% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.4m free cash flow). Earnings have declined by 3.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$7.42m market cap, or US$5.54m). Bekanntmachung • Dec 15
Kincora Copper Limited Appoints Jeremy Robinson to It's Board Kincora Copper Limited announced that Mr. Jeremy Robinson has joined Kincora's Board as a Non-Executive Director and member of the Company's Remuneration Committee. Mr. Robinson is the founder and the current chair of RareX, is a significant shareholder in Kincora and brings an extensive track record of fund raising, corporate development and successful exploration, resource growth and development stages in the junior sector. Mr. Robinson has 18 years corporate finance experience both in investment firms and in-house, having earned a Bachelor of Commerce from the University of Western Australia majoring in Corporate Finance, Investment Finance and Marketing. Bekanntmachung • Aug 25
Kincora Copper Limited, Annual General Meeting, Sep 26, 2023 Kincora Copper Limited, Annual General Meeting, Sep 26, 2023, at 16:00 Pacific Standard Time. Location: 400-837 West Hastings Street, Vancouver Canada Agenda: To Fixing the Number of Directors; To consider and Election of 1. Jonathan (Sam) Spring, 2. Ray Nadarajah, 3. John Holliday, 4. Cameron McRae, 5. Luke Murray as Directors; To consider and approve the appointment of Auditor; To consider the Approval of Issue of Placement Options; and to consider other matters. New Risk • Aug 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.7m free cash flow). Shares are highly illiquid. Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.78m market cap, or US$6.56m). Board Change • Feb 09
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Chairman Cameron McRae was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Bekanntmachung • Jan 20
Kincora Copper Limited Commences Drilling At the Brownfield Trundle Project Kincora Copper Limited announced the commencement of drilling at the Dunn's North prospect situated at the brownfield Trundle project, located in the Macquarie Arc of the Lachlan Fold Belt (LFB) in NSW, Australia. Kincora's next phase of drilling at the Trundle project has commenced at the Dunn's North prospect which will for the first time follow up shallow ore grade mineralisation that is interpreted to have drilled short and on the margin of an associated and untested porphyry complex. Favorable gold, copper and pathfinder element results were identified at the Dunn's North and South prospects during Kincora's detailed 2022 technical reviews of the Trundle Park prospect and adjacent open mineral systems. This included results from limited prior explorer drilling at the wider Dunn's prospect area and Kincora's 2022 air-core drilling program at a region north of the Dunn's North prospect that returned favourable intrusives and gold anomalism. Of particular note was Placer Pacific Ltd.'s RAB and percussion drilling, and basement shell sampling, at the wider Dunn's prospect in 1986. This program returned favourable host volcanics intruded by a least three mineralised bodies of mafic monzonite and monzodiorite, including 10m @ 1.99g/t gold and 0.12% copper from 36m within a total hole interval of 48m @ 0.44 g/t gold and 0.04% copper from surface. As Figures 1-3 illustrate, this ore grade interval sits short and on the margin of a subsequent High Powered Exploration (HPX) Typhoon IP chargeability high suggesting sulphides such as copper and/or gold coincident with the shoulder of regionally significant magnetic feature suggesting a porphyry complex. At the neighbouring Dunn's South prospect, which based on magnetics, previous down-hole mineralisation and basement sampling is interpreted be the southern extension of the Dunn's North system, limited drilling by Newcrest Mining Limited has confirmed a favourable host and porphyry system environment. Petrology and fertility analysis indicates fertile and mineralised shoshonitic intrusives comparable to Northparkes and Cadia, with Kincora relogging of diamond core identifying at least four felsic intrusion types and quartz-carbonate-pyrite veins with chalcopyrite and bornite. The designed maiden Kincora drilling program at the Dunn's prospects will for the first time test the core magnetic and interpreted porphyry complex: Dunn's North: commenced hole TRDD035 is designed to drill through shallow and open mineralisation, including 48m @ 0.44 g/t gold and 0.04% copper from surface to end of hole with 10m at 1.99 g/t gold and 0.12% copper from 36m, into a previously untested coincident chargeability and magnetic high, and resistivity anomaly. The geophysical features supports a further 200-400m extension to the existing mineralised system. Dunn's South: planned hole TRDD036 is designed to drill through shallow and open mineralisation, including 100m @ 0.4 g/t gold, with 4m at 1.69 g/t gold and 2m at 1.96 g/t gold, into the core of a previously untested magnetic anomaly. Limited prior drilling returned the previously noted multiple phase and mineralised intrusive system despite drilling away from the magnetic complex and target zone. The Dunn's North and then Dunn's South prospects are the first of a total of five adjacent systems and separate large-scale porphyry targets to be tested in this current phase of drilling across an existing 3.2km mineralised strike, which remains open, at the Trundle project. Bekanntmachung • Jan 18
Kincora Copper Limited, Annual General Meeting, Mar 03, 2023 Kincora Copper Limited, Annual General Meeting, Mar 03, 2023. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Chairman Cameron McRae was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Chairman Cameron McRae was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Chairman Cameron McRae was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Bekanntmachung • Jan 22
Kincora Copper Ltd Intersects Further Shallow Mineralization At Trundle Kincora Copper Ltd. reported further assay results from ongoing drilling at the Trundle brownfield project located in the Macquarie Arc of the Lachlan Fold Belt in NSW, Australia. TRDD011 extended the mineralised skarn horizon to the northwest of TRDD001 (previously reported 51 metres at 0.54% copper and 1.17g/t gold from 39 metres) and TRDD012 was a 50-metre step out to the south from TRDD001.TRDD012 has provided encouragement and vectors for the targeted causative porphyry intrusion system source with observations of: primary bornite and chalcopyrite within quartz veins occurring in an interval of volcaniclastic rocks from 160m to 210m down hole which are the best primary bornite and chalcopyrite veining intersected to date at the Trundle project; observations of discrete monzodiorite intrusions from 275m to 340m down hole depth, and coarse primary molybdenum within a quartz vein at 314m down hole depth (assay results pending); and, four well developed and broad skarn horizons identified commencing from the surface (noting dilution in reported intervals from core loss) and extending deep down hole (assay results pending). Hole TRDD015 has recently commenced to the southeast along the fence of TRDD001, TRDD011 and TRDD012 seeking to test both the skarn and interpreted causative intrusive targets and the current working geological model. The average depth of prior explorer drilling at the Trundle Park prospect is 28 metres, with only two diamond core drill holes completed to moderate depths. Deeper diamond core drilling activities are resulting in a significantly improved understanding of the bedding direction hosting the skarn horizons, along with key structures/faulting and the identified multiple phases of mineralization within the skarn, all supporting a substantial mineralizing event and provide further vectors to the targeted causative intrusion system. Kincora's Trundle project is the only brownfield porphyry copper-gold project held by a listed junior in Australia's foremost porphyry belt, within the same mineralized complex as Australia's second largest porphyry mine. Trundle is located west of the China Molybdenum Company Limited (CMOC) operated Northparkes copper-gold mine/mill operation, within the same Northparkes Igneous Complex. Previous explorer drilling has been extensive at Trundle with the completion of 2208 holes for 61,146 metres, but deeper drilling utilising modern exploration knowledge has been very limited. Over 92% of prior drilling has been completed to less than 50 metres depth and is considered to be too shallow, with just 11 holes beyond 300 metres (0.5% of holes drilled). Bekanntmachung • Dec 31
Kincora Announces Gold-Base Metals Target in Mongolia Kincora Copper Limited provided an update field season activities in Mongolia post the issuance of a mining license for the eastern portion of the Bronze Fox Intrusive Complex ("BFIC"). The primary focus of exploration was on the margin of an adjacent second large porphyry system, the Tourmaline Hills Intrusive Complex ("THIC"), at a newly identified gold-base metals target within the West Fox prospect. Field activities have identified three new target zones and returned generally higher-grade gold and copper assay results than previous Ivanhoe Mining ("IMMI") activities. Other underexplored regions prospective for intermediate sulfidation epithermal targets on the margin of the THIC and BFIC have been identified for field reconnaissance. Mongolia portfolio: Over the last year, Kincora has assembled a strategic and district scale position in the key belts of the Macquarie Arc, within the Lachlan Fold Belt, in Central West New South Wales ("NSW"). High priority drilling commenced in April 2020 and continues at Trundle project with very promising copper and gold results. The Company is in advanced stages of planning drilling at a further two projects in NSW within the next 6 months. Prior to current core activities in NSW, Kincora's focus was on exploration and project generation in Mongolia targeting large-scale porphyry discoveries. A peak landholding of 13 license covering 1689km2 has been systematically explored and refined to 3 licenses covering 321km2. The Company has retained one of the largest land packages in the Southern Gobi porphyry belt and undertaken the largest project generation and exploration initiatives by any foreign group in recent times in Mongolia. Tourmaline Hills project: Kincora's 2020 activities at Tourmaline Hills focused on re-logging all prior drill holes held by the Company (4,771.25 metres for 15 holes) and undertaking further surface geological activities, exploring the concept of a higher-level epithermal gold-base metal system within and on the margin of the intrusive complex. This year's field activities benefit from the Company's activities in the Macquarie Arc, and similar type conceptual target to the Cowal project (flagship project of Evolution Mining, with a 9Moz gold resource inventory) and the target of the Company's Fairholme project, located less than 15km from Cowal with preparations ongoing to drill there in first half of 2021. Prior exploration activities by Kincora within and on the margins of the THIC followed up previous shallow drilling, geophysics and surface exploration efforts by Ivanhoe Mines (IMMI) and were solely focused on the deeper porphyry potential. Kincora drilling occurred during the 2012 field season immediately post acquisition of the license (and before the license was revoked and then returned as part of the 106-license dispute with the Mongolian government). Kincora's 2020 activities have also identified three new target zones within the West Fox prospect area and generated generally higher grade gold and copper assay results than previous IMMI activities. The geochemistry of mineralized zones mapped by Kincora at West Fox supports an Intermediate Sulfidation (IS) epithermal target: anomalous Pb-Zn-Cu associated with Au-As mineralization; elevated Bi and Mo evidencing involvement of magmatic fluids; and, anomalous Mn, possibly after rhodochrosite; outcropping intermediate sulfidation epithermal style alteration, possibly supporting a higher level setting in the mineralised intrusive system and a preserved shallow to moderate depth unexplored target zone. Trace element geochemistry indicates gold association with: Proximal: As, Pb-Zn, Mo & Bi and Peripheral: Mn & Mg. Bekanntmachung • Dec 23
Kincora Copper Ltd. Intersects Further Encouraging Intervals At Trundle Kincora Copper Ltd. provide an update on drilling activities at the Trundle brownfields project located in the Macquarie Arc of the Lachlan Fold Belt in NSW, Australia. TRDD012 looks particularly positive as site geologists report it has intersected the best observed primary bornite and chalcopyrite zones to date at the Trundle project. The zones are coincident with magnetite, with some intervals also hosting covellite and chalcocite. TRDD012 and TRDD011 provide encouragement for increased grade potential, vectors towards the more favourable part of the mineralised system and of an improved geological model for the Trundle Park prospect. The latest drill hole at the Trundle Park prospect, TRDD012, provides further significant encouragement following on from previously announced TRDD0011 observations: TRDD012 returns the best observed primary bornite and chalcopyrite zones to date at the Trundle project four well developed and broad skarn horizons intersected. High priority intervals from TRDD011 and TRDD012 submitted for assay results. A second drill rig to be operational early in the new year at the Trundle Park prospect to assist expansion of the alteration and mineralization footprints. On-going drilling and relogging of core at the Trundle Park prospect are providing improved geological understanding and vectors for the at/near surface skarn potential and also the potential for a large related porphyry intrusion system. Bekanntmachung • Nov 25
Kincora Copper Limited Announces Appointment of Yuying Liang as Chief Financial Officer Kincora Copper Limited at its AGM meeting held on November 24, 2020 approved the appointment of Yuying Liang as Chief Financial Officer. Ms. Liang is a Principal of Canmore Financial Services Inc., which provides financial reporting services and full service accounting to private and public companies in a variety of industries. Ms. Liang has extensive experience in public company environment within a variety of functions, including Chief Financial Officer, Company Secretary and Board member positions. Bekanntmachung • Sep 01
Kincora Copper Limited announced that it has received CAD 5.329194 million in funding On August 26, 2020, Kincora Copper Limited (TSXV:KCC) closed the transaction. The company has received CAD 5,329,194 in the transaction. The transaction was oversubscribed. The transaction included participation from 65 placees. The transaction involved participation from individual investor, Hui Wang for 5,150,000 units. The company has paid finder's fees of CAD 148,345 which is equivalent to 3.4% of the total amount in connection with the transaction. The company has paid finders’ fee to LHC Mine Finance Ltd. of CAD 20,350 cash, Morgans Financial Limited of CAD 42,595.45 cash, Aitken Murray Capital Partners of CAD 5,000 cash, Canaccord Genuity of CAD 6,000 cash, Sprott Capital Partners LP of CAD 1,000 cash, Shameem Eshragi of CAD 30,000 cash, Bridge Street Capital Partners PTY Limited of CAD 32,500 cash, Rupert E. Williams of CAD 10,000 cash, Acumen Capital Partners of CAD 900.00 cash. Following these issuances, the company will have 208,200,000 issued shares and a total of 115,800,000 warrants. All units issued are subject to a four-month hold period expiring four months and one day from the date of issuance. The transaction is subject to final TSX Venture Exchange approval. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. Bekanntmachung • Aug 06
Kincora Copper Limited announced that it expects to receive CAD 5 million in funding Kincora Copper Limited (TSXV:KCC) announced a non-brokered private placement of up to 50,000,000 units at CAD 0.10 per unit for gross proceeds of up to CAD 5,000,000 on August 4, 2020. The transaction will include participation from many existing and new shareholders. Each unit will comprise of one common share and one warrant. Each warrant will entitle the holder to acquire one common share at a price of CAD 0.25 per share for period of two years from the date of issuance of the warrant. Morgans Corporate Limited will act as finder in the transaction. The units will be allocated on a pro rata basis if the transaction is oversubscribed. The company may elect to increase the size of the transaction to accommodate subscribers, subject to the consent of the TSX Venture Exchange. The closing of the transaction is subject to approval of TSX Venture exchange. The securities issued will be subject to a hold period of four months. The company may pay finders' fees in the transaction. The company intends to complete the transaction on or about August 18, 2020.