Kincora Copper Reports Third Quarter 2026 Financial and Operating Results

Sam Spring, President and Chief Executive Officer of Kincora Copper Limited

“The last quarter has laid the foundation for a step change with increased exploration activity and expansion of our project portfolio, supported by a strengthening cash position. We expect to increase field activities from one to three projects before year-end, with drilling scheduled across six projects over the next six months. At the same time, we have taken steps to potentially expand our landholdings by almost 50%, adding a further 1,559 km² to our portfolio. A key contributor to this growth has been the divestment of our Mongolian projects, with US$6.5M received to date and the remaining US$3.5M scheduled for the current quarter. This transaction is enabling us to recycle non-dilutive capital into our core NSW projects and further scale our hybrid prospect generator model. We are also encouraged by the progress achieved in partnership with AngloGold Ashanti. Recent drilling has upgraded two large volcanic-intrusive complexes within the broader Nevertire Magmatic Complex, while initial scout drilling has strengthened our geological thesis for the potential of a new, province-scale copper-gold system across the Nevertire and Nevertire South licences. With additional 2026 funding support from AngloGold Ashanti, we are now accelerating exploration at the newly named Cookara target, where drilling is ongoing. We are excited by the technical potential and the opportunity to build on the progress achieved to date.”

Cameron McRae, Chairman of Kincora Copper Limited

“The last quarter has laid the foundation for a step change with increased exploration activity and expansion of our project portfolio, supported by a strengthening cash position. We expect to increase field activities from one to three projects before year-end, with drilling scheduled across six projects over the next six months. At the same time, we have taken steps to potentially expand our landholdings by almost 50%, adding a further 1,559 km² to our portfolio. A key contributor to this growth has been the divestment of our Mongolian projects, with US$6.5M received to date and the remaining US$3.5M scheduled for the current quarter. This transaction is enabling us to recycle non-dilutive capital into our core NSW projects and further scale our hybrid prospect generator model. We are also encouraged by the progress achieved in partnership with AngloGold Ashanti. Recent drilling has upgraded two large volcanic-intrusive complexes within the broader Nevertire Magmatic Complex, while initial scout drilling has strengthened our geological thesis for the potential of a new, province-scale copper-gold system across the Nevertire and Nevertire South licences. With additional 2026 funding support from AngloGold Ashanti, we are now accelerating exploration at the newly named Cookara target, where drilling is ongoing. We are excited by the technical potential and the opportunity to build on the progress achieved to date.”