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Kincora Copper Limited (ASX:KCC)

ALERT: Price-sensitive ASX Announcement for KCC
Current share price for KCC : $0.820 -0.41 (-33.33%)+
Announcement
Release
18 Nov 2025 9:14AM
Price at Release
$1.230
Full Release
download
Summary
Kincora Copper Limited has commenced drilling at the Wongarbon porphyry project in Australia, marking the first ever exploration of basement geology at this site. The project aims to test a significant magnetic anomaly that could indicate a copper-gold porphyry target. The drilling seeks to confirm the presence of one of the last large untested intrusive complexes in the Macquarie Arc, an area with a track record of significant gold-copper discoveries. A 650-meter drill hole is planned, supported by a funding grant from the New South Wales Government, reducing anticipated costs significantly. The drilling will also benefit from Kincora's partnership with Fleet Space Technologies, utilizing advanced geophysical and AI tools to optimize exploration. This project aligns with Kincora's strategy of capital-efficient exploration with the potential for significant discoveries at a comparatively low cost.
Key Points
  • Kincora Copper Limited has started drilling at the Wongarbon porphyry project.
  • The project aims to explore a significant magnetic anomaly indicative of a copper-gold porphyry target.
  • The site is part of the Macquarie Arc, known for major gold-copper discoveries.
  • A planned 650-meter drill hole is supported by a grant from the NSW Government.
  • The exploration involves a partnership with Fleet Space Technologies for advanced geophysical and AI tools.
  • The project is part of Kincora's capital-efficient exploration strategy.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.