Kincora Copper Limited announced the commencement of drilling at the Dunn's North prospect situated at the brownfield Trundle project, located in the Macquarie Arc of the Lachlan Fold Belt (LFB) in NSW, Australia. Kincora's next phase of drilling at the Trundle project has commenced at the Dunn's North prospect which will for the first time follow up shallow ore grade mineralisation that is interpreted to have drilled short and on the margin of an associated and untested porphyry complex. Favorable gold, copper and pathfinder element results were identified at the Dunn's North and South prospects during Kincora's detailed 2022 technical reviews of the Trundle Park prospect and adjacent open mineral systems. This included results from limited prior explorer drilling at the wider Dunn's prospect area and Kincora's 2022 air-core drilling program at a region north of the Dunn's North prospect that returned favourable intrusives and gold anomalism.

Of particular note was Placer Pacific Ltd.'s RAB and percussion drilling, and basement shell sampling, at the wider Dunn's prospect in 1986. This program returned favourable host volcanics intruded by a least three mineralised bodies of mafic monzonite and monzodiorite, including 10m @ 1.99g/t gold and 0.12% copper from 36m within a total hole interval of 48m @ 0.44 g/t gold and 0.04% copper from surface. As Figures 1-3 illustrate, this ore grade interval sits short and on the margin of a subsequent High Powered Exploration (HPX) Typhoon IP chargeability high ­ suggesting sulphides such as copper and/or gold ­ coincident with the shoulder of regionally significant magnetic feature ­ suggesting a porphyry complex.

At the neighbouring Dunn's South prospect, which based on magnetics, previous down-hole mineralisation and basement sampling is interpreted be the southern extension of the Dunn's North system, limited drilling by Newcrest Mining Limited has confirmed a favourable host and porphyry system environment. Petrology and fertility analysis indicates fertile and mineralised shoshonitic intrusives comparable to Northparkes and Cadia, with Kincora relogging of diamond core identifying at least four felsic intrusion types and quartz-carbonate-pyrite veins with chalcopyrite and bornite. The designed maiden Kincora drilling program at the Dunn's prospects will for the first time test the core magnetic and interpreted porphyry complex: Dunn's North: commenced hole TRDD035 is designed to drill through shallow and open mineralisation, including 48m @ 0.44 g/t gold and 0.04% copper from surface to end of hole with 10m at 1.99 g/t gold and 0.12% copper from 36m, into a previously untested coincident chargeability and magnetic high, and resistivity anomaly.

The geophysical features supports a further 200-400m extension to the existing mineralised system. Dunn's South: planned hole TRDD036 is designed to drill through shallow and open mineralisation, including 100m @ 0.4 g/t gold, with 4m at 1.69 g/t gold and 2m at 1.96 g/t gold, into the core of a previously untested magnetic anomaly. Limited prior drilling returned the previously noted multiple phase and mineralised intrusive system despite drilling away from the magnetic complex and target zone.

The Dunn's North and then Dunn's South prospects are the first of a total of five adjacent systems and separate large-scale porphyry targets to be tested in this current phase of drilling across an existing 3.2km mineralised strike, which remains open, at the Trundle project.