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First ever hole to basement geology commenced at the Wongarbon project
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Designed to test a large buried magnetic anomaly interpreted as a gold-copper porphyry target
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Seeks to confirm the Wongarbon project hosts one of the few remaining large and untested intrusive complexes of the Macquarie Arc and located within a common transverse structure to the recent 14.7Moz gold equivalent Boda and Kaiser porphyry discoveries
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Anticipated 650 metre hole expected to take approximately 4-weeks to complete
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Funding grant from the New South Wales (NSW) State Government supports an anticipated cost of less than US$100,000 to Kincora shareholders
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Results will assist optimise follow up exploration, including Kincora’s multi-phase partnership with Fleet Space Technologies’ (Fleet Space) utilising its AI-powered ExoSphere platform, which integrates real-time geophysical sensors, proprietary multiphysics surveys, geochemistry and AI-enabled drill targeting into a single workflow
- Fleet Space has the right to earn a minority non-carried interest in the project with drilling
Melbourne, Australia–(ACN Newswire – November 18, 2025) – Gold-copper explorer and hybrid project generator Kincora Copper Limited (ASX: KCC) (TSXV: KCC) (“Kincora” or “the Company”) is pleased to have commenced drilling at the Wongarbon porphyry project designed to provide the first ever sample of basement geology and test a prominent magnetic anomaly analogous to the anomalies associated with the largest greenfield discoveries in the Macquarie Arc in recent decades.
John Holliday, Technical Committee chair, commented:
“There is a good chance that the next Cadia-scale deposit in the Macquarie Arc will be found in the covered and underexplored parts of the Lachlan Fold Belt.
This is virgin territory and a major opportunity with huge upside. Regional magnetics has proven very effective in mapping the prospective Macquarie Arc belts and the major porphyry deposits have identifiable magnetic intrusive complex signatures. The Wongarbon project is a real stand out untested example of this signature in the right location and with the right features.
I am very excited for Kincora to drill the first hole ever into basement geology at Wongarbon. This hole is set to finally test a target that I had first recognised back in 1996 before the Cadia-Ridgeway and Far East discoveries that year.
Wongarbon is a prime candidate for major discovery, and this first hole will provide very valuable information to assist guide follow up activities.”
Sam Spring, President and CEO and Peter Leaman, VP of Exploration, added:
“Wongarbon is an elephant scale target located in elephant country, favorably located near to and potentially associated with the most significant new porphyry system discovery in NSW of recent decades (the Boda-Kaiser deposits).
While you can’t ever expect to make a discovery with your first hole, regardless this hole will greatly assist follow up exploration and optimise the innovative multi-phase partnership in place with Fleet Space.