Kincora Advances the Historic Condobolin Mining Field

Sole moneyed activities began at the completely owned Cobar Basin precious-base metals Condobolin job

• Airborne geophysical study mobilised throughout the historical Condobolin Mineral Field
• Preparations for diamond drilling at the Meritilga target screening extensions to the existing gold-silver-base metals system
• Evaluation started evaluating the capacity for alluvial gold based upon previous drilling
• More combination of the broader district increasing the grip of the Condobolin task by a 3rd

Melbourne, Australia–( ACN Newswire – October 14, 2025) – Gold-copper explorer and hybrid task generator Kincora Copper Limited (ASX: KCC) (TSXV: KCC) (Kincora or the Companyis pleased to reveal that an air-borne electro-magnetic (AEMgeophysical study covering around 155km² has actually been set in motion at the Condobolin task, situated in the southern end of the Cobar Basin. Ahead of this study, Kincora has actually pegged the surrounding open ground to broaden the overall job size by 90km²

The AEM study is anticipated to produce brand-new near surface area targets and fine-tune existing mineralized systems situated under shallow post mineral cover, along with improve prospective much deeper source feeder zones. These consist of the Meritilga target where preparations have actually started for a high effect drilling program to evaluate the down dip and on strike extensions of the existing system which hosts broad near surface area gold-silver-base metal mineralisation with ore grade periods (consisting of 4m @ 20g/t gold and 30.2 g/t silver from 75m ¹.

Because of near record Australian gold and silver costs, Kincora has actually begun an evaluation of previous motivating drilling results within a paleochannel at the Meritilga target, which has consisting of as much as 28.4 g/t gold in gravels (from 4m) and 3.99 g/t gold in basement (from 28m) ²

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

We are delighted to begin expedition at our entirely owned Condobolin task at a time of substantial expedition, advancement and business success in the southern and lower checked out area of the Cobar Basin.

Kincora has a well-planned method to check out the extensions of the Condobolin Mineral Field, which has a significant mining history for high grade gold, silver and base metals.

The task is well situated to existing facilities, is simple to check out and has really minimal reliable expedition listed below the shallow weathering profile. The level of historic mining, and geochemical and geophysical abnormalities, show exceptional capacity for several brand-new discoveries. We are seeking to methodically utilize expedition methods that have actually currently yielded the Meritilga discovery and numerous brand-new current discoveries in the north of the district at comparable and earlier phase profile tasks.

The developed multi-phase project is a capital effective worth include techniqueat a job that has the prospective to thrill in the existing extremely strong rare-earth elements environment.”

Figure 1: Kincora has 7 significant job groups situated in Central West NSW, 6 porphyry and one Cobar design mineral system, all situated in first-rate geological surfaces which host Tier-1 mines

The Condobolin job remains in the southern and lower checked out area of the Cobar Basin

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COBAR DISTRICT

The Cobar Basin has a 150-year history of state-of-the-art, long-life mining and is an essential provider of vital and rare-earth elements. The area gain from developed facilities and beneficial ESG factors to consider with substantial scope for processing and mining effectiveness, supporting possible debt consolidation.

The district has actually just recently seen a number of considerable brand-new discoveries using modern-day expedition strategies in lower checked out areas (eg Federation, Achilles, Mallee Bull, Southern Nights and Wagga Tank) and emerging business activity (eg Harmony’s A$ 1.6 billion takeover for MAC Copper (MAC.ASX) and Kingston Resources (KSN.ASX) just recently getting A$ 50 million money for the very first tranche of its divestment of its PNG Misima job).

CONDOBOLIN PROJECT

The job and local profiles’ assistance the Condobolin task being a possession that a junior explorer such as Kincora can include substantial worth to. A multi-phase expedition project of local scale expedition and target particular drilling has actually started and is totally moneyed following the Company’s July 2025 non-brokered personal positioning (C$ 4m raising with a 12-month hold duration).

The Condobolin job was traditionally the focus of as much as 25 casual open pit operations (peak late 1800’s- early 1900’s), with mining affected by the water level and expedition by the weathering profile. The mineral field has actually not been successfully checked out listed below the weathered zone (~ 30m).

Extremely minimal modern-day expedition has actually taken with preliminary activities by Clancy Exploration (Clancynow RareX Limited) yielding motivating outcomes at all 5 potential customers drilled (2011-13), consisting of a virgin top-quality gold discovery at the Meritilga Prospect.

More just recently within the instant district, Kingston Resources (ASX: KSN) has actually considerably broadened the resources and rebooted acid rock mining at the Mineral Hill mine, Talisman Mining (ASX: TLM) has current brand-new success at its Rip N Tear and Durnings targets (to both the instant north and south of Mineral Hill), while Australian Gold and Copper (ASX: AGC) has actually delighted the marketplace with its brand-new possible district scale discovery at its Achilles target situated within the south western extension of the Cobar Basin.

The Condobolin task lies roughly 40km south from the mill at Mineral Hill and north of the Condobolin town (which is the main source of workers to Mineral Hill operation who drive through the Condobolin task to work) – see Figure 2.

Kincora has actually combined a 100% job ownership and continued to broaden our grip throughout the near surface area capacity of the historic Condobolin Mineral Field. The overall job size is 297km² throughout 2 nearby licenses with a brand-new license application (latter 90km²– see Figure 3.

To advance the capacity of the larger task and historic mining field, Kincora has actually mobilised an AEM study covering over 800 line-kilometres making use of Expert Geophysics Pty Ltd’s (Specialist GeophysicsTargetEM26 system. Roughly 20% of the larger task is out-sub cropping with the typical depth of cover in non-outcropping locations less than 5 metres supporting really simple expedition with surface area geology and tasting being a reliable, fast and inexpensive approaches – see Figures 3 & & 4.

AEM studies have actually shown to be an extremely efficient discovery method in this area considerably contribution in a number of current discoveries in the Cobar Basin. The study is a fast low effect approach to supply subsurface structure throughout the complete historical Condobolin Mineral Field with an infill study throughout numerous targets, consisting of Meritilga, much of which have considerable base metal and gold-silver abnormalities – see Figures 3 & & 4 overlaying lead anomalism from soil tasting.

Figure 2: Regional brownfield and greenfield expedition tasks are producing brand-new discoveries and drill targets in a lower checked out however historical mining district

The Condobolin task lies at the southern end of the Cobar Basin, take advantage of existing facilities and is near the Mineral Hill mill which is looking for natural and inorganic methods to fill existing excess mill capability

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The Meritilga target was a brand-new discovery made by Clancy in 2012 following up a coincident 2km x 2km arsenic-lead-zinc (+ gold) geochemical abnormality and K-channel radiometric abnormality over ridges east of the historical mines at Mascotte and west of Potters. The abnormalities accompanied crucial NE-striking structures determined in in-depth 3D caused polarization (IP) studies ¹

The gold, silver and base metals system is located within a lode with high grade lens (ore grade, eg 4m @ 20g/t gold, 30.2 g/t silver from 75m, consisting of 1m @ 62g/t gold, 60g/t silver in hole CORC029) and a lower grade halo. The lode is a constant body, open and down dip ^{1, 3}

Land gain access to contracts remain in location and the allowing procedure started for an as much as 15 diamond drill hole program for 4100 metres checking down dip (as much as 350m depth) and strike extensions and the capacity for repeat high grade lens and/or a stacked series of lenses.

This setting is supported by the last stage of Reverse Circulation (RC) drilling by Clancy, the one diamond hole drilled by Kincora in 2023, paired with a beneficial structural setting where the primary Meritilga Fault has actually been cross-cut by N-S trending faults ⁴

The present working geological design, underpinned by pathfinder zonation and coincident geophysical abnormalities, supports the capacity for a bigger mineralised invasive source at depth – see Figure 6. The AEM study is anticipated to likewise much better advance and improve these principles.

Provided moving in product rates, Kincora has actually started an evaluation of previous motivating extremely shallow gold drilling outcomes of Clancy. In 2011, twenty Air-Core (AIR CONDITIONER) holes checked the Tilga paleochannel with a number of substantial hits returned. The very best obstruct was 1m @ 28.4 g/t Au (from 4m, hole COAC012 in the gravels) and 3.99 g/t Au (from 28m, hole COAC005 in basement) ²

The typical depth of the paleochannel gravels was 7.9 m with a prospective target location of 2km by 0.5 km – see Figure 4. The last evaluation of the alluvial gold capacity was carried out by Clancy when the Australian gold cost was around A$ 1500/ounce (versus existing area of nearly A$ 6000/oz). The evaluation by Kincora will check out the possible options, budget plans and partnering chances readily available to advance the alluvial (placer) gold capacity either concurrent with the broader Condobolin task or as a standalone job.

Figure 3: Kincora has actually increased the size of the overall Condobolin job by a 3rd and began an air-borne geophysical study throughout the historical Condobolin Mineral Field

The degree of historic mining, existing near surface area geochemical and geophysical abnormalities offers exceptional capacity for numerous brand-new discoveries as Kincora carries out contemporary organized expedition methods that have actually currently yielded the Meritilga discovery plus lots of current discoveries in the north of the district at comparable and earlier phase profile jobs

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Figure 4: The degree of historic mining, existing near surface area geochemical and geophysical abnormalities, combined with restricted modern-day expedition or expedition listed below the weathered zone offers outstanding capacity for numerous brand-new discoveries

South-western part of the Condobolin Project, consisting of the Tilga Paleochannel where previous Clancy drilling supported the capacity for alluvial (placer) gold

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Figure 5: Limited previous modern-day expedition by Clancy led to the Meritilga discovery with follow up drilling prepared to check down dip, on strike and the capacity for repeat high grade lens and/or a stacked series of lenses. Lots of other comparable mineral systems in the Cobar Basin are vertically comprehensive with repeat lodes ⁴

Meritilga is open with a presently specified high (ore) grade lens and a lower grade halo

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Figure 6: The Condobolin task hosts different polymetallic mineral system designs and deposit targets

Target designs consisted of state-of-the-art near surface area repeat systems comparable to other deposits in the southern end of the Cobar Basin along with invasion associated gold (IRGS) or porphyry systems at depth

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About Kincora: Kincora Copper Limited ( ASX: KCC) (TSXV: KCC) is an emerging Australia-focused gold-copper explorer with a hybrid job generator method.

The Company is effectively showing up the prospectivity of its comprehensive task portfolio, that includes numerous district-scale landholdings and scalable drill prepared targets. These possessions lie in Australia’s Lachlan Fold Belt and Mongolia’s Southern Gobi, 2 of the world’s leading porphyry belts, and the historic Condobolin mining field within the Cobar basin in NSW.

The Company has actually currently opened over $100 countless prospective partner financing for several earlier phase and/or non-core porphyry tasks. These preliminary offers have actually supported over 13,500 metres of drilling and over A$ 6.5 m of partner moneyed expedition given that late 2024, with management costs and expedition increase.

Partner conversations are continuous for its staying 100% owned flagship tasks that are all located within existing porphyry camps consisting of over 20-million-ounce gold comparable resource stock.

By having a considerable portfolio of partner moneyed big porphyry tasks, and a really concentrated program on a 100% owned Condobolin job, the Company is looking for to place Kincora as a leading institutional grade explorer in the general public Australian and Canadian markets, and the leading task generator on the ASX.

To discover more please describe our 2-page July 2025 business technique: https://kincoracopper.com/corporate-strategy/

The Company’s site is: www.kincoracopper.com

This statement has actually been authorised for release by the Board of Kincora Copper Limited (ARBN 645??457??763)

Executive workplace
400 – 837 West Hastings Street
Vancouver, BC V6C 3N6, Canada
Tel: 1.604.283.1722

Subsidiary workplace Australia
C/- JM Corporate Services
Level 6, 350 Collins Street
Melbourne, VIC, Australia 3000

Referrals:

¹ ASX release of Clancy Exploration Limited (now RareX Limited), entitled “New Gold-Silver-Copper Discovery at Meritilga Prospect – Condobolin Project” dated March 20^th2012, which can be acquired by means of the ASX site (www.asx.com.au). The Clancy outcomes were reported in accordance with the variation of the JORC Code existing prior to JORC 2012. Mining Associates has actually finished an evaluation of tasting strategies and treatments dated January 31^st2021, as detailed in the Independent Technical Report consisted of in the ASX listing prospectus, which is readily available at: https://www.kincoracopper.com/investors/asx-prospectus. While the Company has no factor to think the assay outcomes are not dependable, the Company has actually not separately confirmed these outcomes. The Company means to perform its own expedition program as explained in this release.

² ASX release of Clancy Exploration Limited (now RareX Limited), entitled “Condobolin Project Yields Visible Gold and Potential Alluvial Gold” outdated January 20^th2012, which can be acquired by means of the ASX site (www.asx.com.au). The Clancy outcomes were reported in accordance with the variation of the JORC Code existing prior to JORC 2012. Mining Associates has actually finished an evaluation of tasting strategies and treatments dated January 31^st2021, as detailed in the Independent Technical Report consisted of in the ASX listing prospectus, which is offered at: https://www.kincoracopper.com/investors/asx-prospectus. While the Company has no factor to think the assay outcomes are not trusted, the Company has actually not individually confirmed these outcomes. The Company plans to perform its own expedition program as explained in this release.

³ ASX release of Clancy Exploration Limited (now RareX Limited), entitled “Gold and Silver Hits Extend Meritilga Lode” outdated Jube 17^th2013, which can be gotten by means of the ASX site (www.asx.com.au). The Clancy outcomes were reported in accordance with the variation of the JORC Code existing prior to JORC 2012. Mining Associates has actually finished an evaluation of tasting strategies and treatments dated January 31^st2021, as laid out in the Independent Technical Report consisted of in the ASX listing prospectus, which is readily available at: https://www.kincoracopper.com/investors/asx-prospectus. While the Company has no factor to think the assay outcomes are not trusted, the Company has actually not separately validated these outcomes. The Company plans to perform its own expedition program as explained in this release.

⁴ AGC: “Mkt Cap”: market capitalisation as @ COB Oct 9^th2025. MAC: takeover from Binding Scheme Implementation Deed with Harmony for MAC Copper Limited, May 27, 2025 Cross areas adjusted by Kincora and internals kept in mind from public disclosures from MAC Copper (MAC.ASX) connecting to its CSA mine + Australian Gold & & Copper (AGC.ASX) connecting to its Achilles discovery. Strike & & depths reported on the exact same scale.

Certified Person

The clinical and technical info in this statement was prepared in accordance with the requirements of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101″and was examined, validated and assembled by Kincora’s personnel under the guidance of Peter Leaman (M.Sc. Mineral Exploration, FAusIMM), Senior Vice-President of Exploration of Kincora, and John Holliday (BSc Hons, BEc, member of the Australian Institute of Geoscientists), Non-Executive Director and Chairman of Kincora’s Technical Committee, who are Qualified Persons for the function of NI 43-101

JORC Competent Person Statement

Info in this statement that connects to Exploration Results, Mineral Resources or Ore Reserves are those that have actually been formerly reported (with the initial release described in this statement), when it comes to Mineral Resources or Ore Reserves the product presumptions and technical specifications underpinning the quotes have actually not materially altered, and have actually been evaluated and authorized by John Holliday and Peter Leaman, who are Competent Persons under the meaning developed by JORC and has adequate experience which relates to the design of mineralisation and kind of deposit under factor to consider and to the activity being carrying out to certify as a Competent Person as specified in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. John Holliday and Peter Leaman grant the addition in this report of the matters based upon his info in the kind and context in which it appears. The evaluation and confirmation procedure for the info divulged herein for the Nyngan Projects have actually consisted of the invoice of all product expedition information, outcomes and tasting treatments of previous operators and evaluation of such details by Kincora’s geological personnel utilizing basic confirmation treatments.

Positive Statements

Particular details concerning Kincora included herein might make up positive declarations within the significance of relevant securities laws. Positive declarations might consist of quotes, strategies, expectations, viewpoints, projections, forecasts, assistance or other declarations that are not declarations of reality. Kincora thinks that the expectations shown in such positive declarations are sensible, it can provide no guarantee that such expectations will show to have actually been right. Kincora warns that real efficiency will be impacted by a variety of elements, the majority of which are beyond its control, which future occasions and outcomes might differ significantly from what Kincora presently visualizes. Aspects that might trigger real outcomes to vary materially from those in positive declarations consist of market value, exploitation and expedition outcomes, continued accessibility of capital and funding and basic financial, market or company conditions. The positive declarations are specifically certified in their whole by this cautionary declaration. The info included herein is mentioned since the present date and undergoes alter after that date. Kincora does not presume the commitment to modify or upgrade these positive declarations, other than as might be needed under suitable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is specified in the policies of the TSX Venture Exchange) or the Australian Securities Exchange accepts obligation for the adequacy or precision of this release.

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Subject: Press release summary