 has been awarded the Nyngan West, Nyngan South and Nevertire South projects in central west NSW.){kind=link}
Kincora secures new ground on Australia’s premier porphyry copper-gold province
Kincora Copper (ASX: KCC) has been awarded the Nyngan West, Nyngan South and Nevertire South projects in central west NSW.
These new projects double Kincora’s position on the Macquarie Arc’s Northern Junee-Narromine Belt (NJNB) and provide continuous landholding along more than 100km strike of the Arc.
This consolidates the immediate extensions of the Nyngan and Nevertire projects held in partnership with AngloGold Ashanti Australia.
Kincora president and chief executive Sam Spring says the company’s strategy to create shareholder value is through obtaining the best ground, concluding commercial deals and making large scale copper-gold discoveries.
“Recently we have attracted four industry partners and unlocked up to $60m of multi-year funding,” he said.
“We are very pleased to have opportunistically secured three bolt-on new projects covering 1,377km2 with clear scale potential and strategic value, now providing Kincora a continuous north-south strike extent of over 100km in the NJNB.
“This new ground is adjacent to and on the interpreted extensions of the Nyngan and Nevertire projects where maiden partner funded ground geophysical surveys are already ongoing with Fleet Space, and maiden drilling activities are shortly ramping up in partnership with and funded by AngloGold Ashanti at Nyngan.
“The company and our existing partners are very excited to commence the first ever copper-gold exploration across potentially the largest volcano-intrusive complex of the Macquarie Arc at northern Nyngan, which offers new district scale potential.”