Mike Fagan,
Editor
Oct. 8, 2026
Kincora Copper Ltd. (TSX-V: KCC)(OTCQB: BZDLF)(ASX: KCC) — currently trading around C$1.00 per share in a near-record copper market — has reported encouraging new drilling progress across its Northern Junee-Narromine Belt (NJNB) copper-gold portfolio in New South Wales, Australia, strengthening the case for a much larger porphyry system across the broader belt.
The latest drilling is centered on the Nevertire South project, one of the key targets within that broader NJNB portfolio, where Kincora is operating an exploration program funded by major producer AngloGold Ashanti.
Recent drilling at Nevertire South has upgraded two large intrusive-volcanic complexes for follow-up, including the target area around Hole 11 where Kincora reports encouraging porphyry-style veining and anomalous copper values.
Just as importantly, scout drilling farther south of Nevertire South has intersected similar intrusive complexes across a broader 40-plus-km trend — upgrading Kincora’s exploration thesis and strengthening the case for much larger, province-scale potential across the belt.
As you’ll hear in our exclusive interview with Kincora CEO Sam Spring below, recent drilling supports the potential for mineralization extending well beyond the main Nevertire South target area:
“We’ve drilled some holes testing that, some scout holes that look like they’ve hit the same sort of complexes that we’re looking for. And that really upgrades the thesis… [and] really offers new province-scale potential.”
Follow-up drilling at Nevertire South is currently being planned, with additional holes across the broader target area possible before year-end.
The AngloGold Advantage
The real advantage in having major producer AngloGold Ashanti funding exploration on Kincora’s NJNB projects is the combination of deep technical expertise and substantial exploration capital.
Just as importantly, majors generally pursue opportunities capable of supporting meaningful scale. That makes AngloGold’s continued commitment to Kincora’s projects particularly noteworthy as the KCC team tests what it believes could be a much larger porphyry system.
Kincora’s broader NJNB portfolio spans more than 100 km north-south across five contiguous licenses. Under two earn-in and joint venture agreements, AngloGold Ashanti can potentially invest up to A$100 million across the portfolio while:
- Kincora remains operator
- Kincora receives a 10% management fee
- AngloGold funds exploration/drilling
In other words, Kincora gets paid to put AngloGold’s capital to work while retaining exposure to exploration success.
Kincora’s hybrid prospect-generator model continues to gain traction with more than A$10 million in partner-funded exploration, over 20,000 meters of drilling completed across seven licenses, and more than A$600,000 in management fees received since late 2024.
More Catalysts Across the NSW Portfolio
Kincora also has several wholly-owned projects advancing in parallel.
At the Condobolin project in the southern Cobar Basin, nine holes have been completed around the Meritilga discovery. Historical drilling returned 4 meters of 20 grams per tonne (g/t) gold and 30.2 g/t silver, including 1 meter of 62 g/t gold and 60 g/t silver, while assays from the recently completed nine-hole program remain pending.
And then there’s the Trundle project in the Macquarie Arc, Kincora’s most advanced porphyry project, where more than 80,000 meters of drilling has been completed, including 27,040 meters by Kincora between 2021 and 2024 as part of an investment exceeding A$10 million.
Kincora is now advancing partnership discussions around Trundle while continuing to refine targets across the broader project.
Also noteworthy is Kincora’s increasing use of Geomorphic AI — a leading AI-powered exploration technology company — in its targeting work, with 28 reviews completed to date across existing projects and new opportunities.
That work is helping refine targets across the portfolio ahead of the next round of drilling and partnership activity.
Key upcoming catalysts include:
- Condobolin — assays pending
- Nevertire South — follow-up drilling planned
- Nyngan West — drilling targeted before year-end
- Trundle — partnership discussions advancing
- Fairholme — partnership discussions advancing
- Cowal East — partnership opportunities advancing
- Cundumbul — partnership discussions advancing
KCC also remains well funded with roughly A$13 million in cash following the ongoing divestment of its Mongolian assets. The final US$3.5 million tranche from that transaction is now in escrow ahead of year-end.
With AngloGold-funded drilling advancing the NJNB thesis, Condobolin assays pending, and additional partnership discussions underway, Kincora enters the final stretch of 2026 with a ton of momentum and multiple shots on goal.
For a far deeper dive, our own Gerardo Del Real of Junior Resource Monthly sat down with Kincora Copper CEO Sam Spring to discuss the latest drilling, the broader NJNB opportunity, and next steps across the portfolio. Please enjoy!
For additional information on Vancouver-based Kincora Copper Ltd., please contact the company’s IR department at 604-630-7296 or via email at [email protected].
Visit the Kincora Copper corporate website and sign up to receive updates from the company here. View the most recent Investor Presentation here.
Access our feature-length Kincora Copper report here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
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