Alliance with Artificial Intelligence Explorer for Cundumbul project

Kincora Copper Limited (TSXV & ASX: KCC, Kincora or the Company) is pleased to announce the execution of an Exploration Alliance Agreement (Exploration Alliance) with Earth AI Pty Ltd (Earth AI) covering the Cundumbul project.

• Exploration alliance agreement with Earth AI for the Cundumbul porphyry project
  
• Success based alliance seeks to leverage Earth AI’s vertically integrated, proprietary artificial intelligence and machine learning capacity to generate and drill test targets
• Up to $4.5m to be spent by Earth AI over 2 years:
  • Initial reconnaissance field trip planned over the summer to assist refine drill targets
  • Up to 3% royalty earnt by Earth AI only upon new drilling discovery (qualify intersection)
• Cundumbul is located in the world-class Molong belt of the Macquarie Arc, 30km south of Boda (>10Moz AuEq discovery) and 70km north of Cadia (>90Moz AuEq endowment), with previous surface exploration and limited drilling confirming porphyry potential

“The Exploration Alliance with Earth AI seeks to accelerate target generation and drill testing at the Cundumbul project. The project is strategically located in Australia’s foremost porphyry region.

Previous surface exploration and limited drilling has confirmed fertile intrusive porphyry systems in both the north and south of the project, located over 10km apart.

Earth AI has applied its proprietary cloud based AI and machine learning technology resulting in priority targets identified for field checking. Boots on the ground reconnaissance is expected over the summer to assist advance and refine the drill targeting process.

The agreement with Earth AI is consistent with Kincora’s exploration strategy to systematically advance, apply industry leading geoscience and drill test our strategically located and district scale project portfolio in the Lachlan Fold Belt.”

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