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Kincora Copper Limited (ASX:KCC)

ALERT: Price-sensitive ASX Announcement for KCC
Current share price for KCC : $0.820 -0.105 (-11.35%)+
Announcement
Release
10 Feb 2026 8:23AM
Price at Release
$0.925
Full Release
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Summary
Kincora Copper Limited has reported significant progress in its exploration activities at the Nevertire and Nevertire South projects, undertaken in partnership with AngloGold Ashanti. Following the completion of Phase 1 drilling, which consisted of eight holes totaling 3385.2 meters, the company has reaffirmed the Nevertire Magmatic Complex as a highly prospective porphyry project. This phase confirmed the presence of a large porphyry complex with multiple discovery potential. Exploration has expanded with targets upgraded and follow-up drilling commenced, suggesting proximity to a porphyry system center. The exploration scale has increased, with gravity surveys and a review of prior drilling supporting a greater than six-fold increase in prospective strike length. Kincora is pursuing further drilling at Nyngan and Nyngan South licenses, backed by strong commercial alignment with AngloGold Ashanti, which has committed substantial investment across multiple projects.
Key Points
  • Phase 1 drilling completed with 8 holes totaling 3385.2 meters.
  • Nevertire Magmatic Complex confirmed as a highly prospective porphyry project.
  • Presence of a large porphyry complex with multiple discovery potential confirmed.
  • Follow-up drilling underway to refine vectoring patterns for porphyry centers.
  • Exploration scale increased to cover a greater than six-fold prospective strike length.
  • Gravity surveys and prior drilling reviews support extended exploration.
  • Partnership with AngloGold Ashanti involves substantial investment over multiple projects.
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.