Further Confirmation of New Discovery and Broad Intervals at Trundle Park

Kincora Copper Limited (the Company, Kincora) (TSXV & ASX:KCC) is very pleased to provide an exploration update from ongoing drilling at Trundle Park prospect situated at the brownfield Trundle project, located in the Macquarie Arc of the Lachlan Fold Belt (LFB) in NSW, Australia.

John Holliday, Technical Committee chair, and Peter Leaman, VP of Exploration, noted:

“Full assay results for TRDD029 confirm a new geological discovery in the southern extension zone at Trundle Park, with two encouraging broad intervals of higher gold and copper tenor in skarn beds typical of Macquarie Arc porphyry copper-gold systems.

Also, most recent hole TRDD031 has added to our understanding of this southern extension zone. We have now intersected a tabular, bedded, mineralised skarn system across a strike of over 240m with Upper, Middle and Lower skarns in three holes. Widths, alteration and visual mineralisation of these skarn zones are providing vectors for follow up drilling.

These results are very encouraging that we are lateral to and near the margin of the primary target, the ore discovery we are after, which is a higher-grade, large porphyry deposit.

As we await assay results for TRDD030 and 31 we continue to systematically explore out from this new southern extension discovery zone, which remains open in all directions. Hole TRDD032, a 150m step-out to the south-east is in progress.” Ahead of the upcoming 121 Mining Investments APAC online conference an updated corporate presentation, including further details on the Trundle project and recent drill results, is available at www.kincoracopper.com

Trundle Project background

The Trundle Project is located in the Junee-Narromine volcanic belt of the Macquarie Arc, less than 30km from the mill at the Northparkes mines in a brownfield setting within the westerly rift separated part of the Northparkes Igneous Complex (“NIC”). The NIC hosts a mineral endowment of approximately 24Moz AuEq (at 0.6% Cu and 0.2g/t Au) and is Australia’s second largest porphyry mine comprising of 22 discoveries, 9 of which with positive economics.

The Trundle Project includes one single license covering 167km2 and was secured by Kincora in the March 2020 agreement with RareX Limited (“REE” on the ASX). Kincora is the operator, holds a 65% interest in the Trundle Project and is the sole funder until a positive scoping study is delivered at which time a fund or dilute joint venture will be formed. For further information on the Trundle and Northparkes Projects please refer to Kincora’s website: https://kincoracopper.com/the-trundle-project/

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