Grant For Southern Extension Zone Discovery At Trundle Project

MELBOURNE - Kincora Copper Limited has been awarded a co-funding grant for the next phase of drilling at the emerging Southern Extension Zone discovery at the Trundle project. The grant supports the first direct drill hole to follow up to the interpreted porphyry source that drove 19.9 g/t gold and 2.43% copper (in recent hole TRDD032), and the largest mineralized skarn system in NSW.

Sam Spring, President & CEO, said, "Copper is a key pillar of the NSW Government's Critical Minerals and High-Tech Metals Strategy. Recent discoveries in both the Macquarie Arc and Cobar Superbasin highlight the significant potential for further new globally significant copper projects within NSW's Lachlan Fold Belt.

We thank the State Government and Geological Survey of NSW for the direct financial support to Kincora and the wider industry via the New Frontiers Exploration Program and A$130 million Critical Minerals and High-Tech Metals Activation Fund. These programs provide material financial assistance and a strong pro-investment and pro-exploration to mining message to all stakeholders. The awards follow a competitive expert panel review process of applications, which were again in high demand. We feel this provides another independent validation of the emerging and very exciting Southern Extension Zone discovery at our flagship Trundle project. Our next hole at this target will test two settings for the porphyry source of what we believe is the largest mineralized skarn system in NSW, with the size of the skarn representative of the size of the porphyry source. The next phase of drilling at Trundle is scheduled to commence next month with the Company well funded and positioned to commence this high impact and high conviction drilling program."