Increased Budget Supports Drilling of Cookara Target at Nevertire South

(ASX:KCC) (TSXV:KCC) Kincora Copper Limited provided an update on drilling activities at its Nevertire South and Nyngan licences, which are part of the Northern Junee-Narromine Belt (NJNB) project in Australia. The company announced the naming and refinement of the Cookara target, located in the northern section of the Nevertire South licence, following vector analysis by AngloGold Ashanti and Kincora. AngloGold Ashanti has increased the 2026 partner-funded drilling budget to support a recently commenced program at the Cookara target, with further infill, deeper, and step-out drilling expected in 2027. Scout drilling at Nyngan concluded with five holes drilled for a total of 2,010 metres across the Ace of Spades and Gerar targets. The Nyngan and Nevertire South licences are included in two earn-in and joint venture agreements with AngloGold Ashanti, who has the right to invest up to A$100 million across five adjacent licences within Kincora's NJNB portfolio, covering a continuous strike greater than 100 kilometres. Kincora manages the programs and receives a 10% management fee on expenditures. In 2026, drilling at Nevertire South upgraded two large intrusive-volcanic complexes for follow-up, with scout drilling farther south intersecting similar complexes across a 40-plus-kilometre trend. Kincora and AngloGold Ashanti are planning for the 2027 field season to potentially advance and drill test multiple targets, including the Cookara target and other intrusive complexes within the Nevertire Magmatic Complex. Eleven Kincora holes drilled between 2025 and 2026, and one prior Newcrest hole from 2008, have confirmed a large, multi-phased intrusive and volcanic complex, returning broad and localized higher-grade copper, gold, and molybdenum, with strong pathfinder elements. The Geological Survey of NSW completed a seismic survey in 2025 across the Central Lachlan Orogen, providing deep crustal analysis that supports the scale of the interpreted undercover extension of the Macquarie Arc. The Macquarie Arc has seen over A$16 billion of M&A for producing porphyry assets and over A$385 million of exploration earn-in/joint ventures. Over A$30 million of exploration has supported the geological interpretation of the district. In 2Q'2025, AngloGold Ashanti signed a major amendment with Kincora to include a second joint venture, supporting a continuous strike greater than 100km and five licences. To date, Kincora has drilled a total of 48 holes for 19,630 metres in partnership with AngloGold Ashanti across three licences. The company has unlocked over A$100 million of potential partner funding for multiple earlier stage and/or non-core porphyry projects, supporting over 20,000 metres of drilling and over A$10 million of partner-funded exploration since late 2024. Kincora receives a 10% management fee on expenditures. The company is engaged in ongoing partner discussions for its remaining 100% owned flagship and advanced exploration stage porphyry projects.

Kincora Reports June 2026 Quarterly Activities and Financial Results

(ASX: KCC) (TSXV: KCC) Kincora Copper Limited is pleased to report its financial and operating results for the quarter ended June 30, 2026. During the quarter, Kincora continued to advance its hybrid prospect generator strategy across its NSW portfolio, including partner-funded drilling with AngloGold Ashanti at the Nevertire South project and completion of nine drill holes at the 100%-owned Condobolin project. Progress was made on the divestment of Kincora's Mongolian assets for total consideration of US$10M, with US$5M now received and the final US$5M expected upon completion of the transaction. The company reported a current cash balance of approximately A$12M. Kincora has already unlocked over $100 million of potential partner funding for multiple earlier stage and/or non-core porphyry projects. These initial deals have supported over 20,000 metres of drilling and over A$10m of partner funded exploration since late 2024. The full Quarterly Activities Report, Financial Statements and MD&A for the period ended June 30, 2026 have been filed on SEDAR+ and are also available on the Company's website.

Kincora Executes Definitive Agreements for Divestment of Mongolian Assets

(ASX: KCC) (TSXV: KCC) Kincora Copper Limited has executed Share Purchase Agreements with a wholly owned subsidiary of Tumen Ail Coal LLC to divest Kincora's wholly owned Mongolian subsidiaries for an aggregate staged consideration of US$10-million, payable in full to Kincora. The company previously received a US$1.5-million Option Payment and, following the execution of the Definitive Agreements, a further US$3.5-million stage payment is due within five business days. A final staged payment of US$5-million is due into an escrow account for release upon registration of the changes in the shareholders of the Mongolian subsidiaries, anticipated to occur before year-end. Kincora Copper Limited is currently drilling at two projects, Nevertire South and Condobolin, in Australia's Lachlan Fold Belt and the historical Condobolin mining field within the Cobar basin in NSW. The company has already unlocked over $100 million of potential partner funding for multiple earlier stage and/or non-core porphyry projects, supporting over 20,000 metres of drilling and over A$10m of partner funded exploration since late 2024. Various partner discussions are ongoing for its remaining 100% owned flagship and advanced exploration stage porphyry projects. The company is seeking to position Kincora as a leading institutional grade explorer in the public Australian and Canadian markets, and the leading project generator on the ASX.

Kincora Receives Option Payment for Divestment of Mongolian Assets

Kincora Copper Limited (ASX: KCC, TSXV: KCC) has announced the execution of a Term Sheet and receipt of a non-refundable Option Payment of US$1.5-million from Tumen Ail Coal LLC (TAC), granting TAC exclusivity to acquire 100% of Kincora's wholly owned Mongolian subsidiaries. The total staged consideration for the transaction is US$10-million, payable in full to Kincora, with the next staged payment of US$3.5-million due by July 1, 2026, and a final payment of US$5-million to be deposited into escrow upon execution of the definitive agreement. Kincora is currently drilling at two projects, Nevertire South and Condobolin, and has unlocked over $100 million of potential partner funding for earlier stage and non-core porphyry projects. Over 20,000 metres of drilling and over A$10m of partner funded exploration have been supported since late 2024. The company is focused on capital efficient programs at its flagship and advanced exploration stage porphyry projects in Australia and Mongolia. Various partner discussions are ongoing for its remaining 100% owned projects. The announcement outlines milestones and conditions precedent for the proposed transaction with TAC, and cautions that actual results may differ from forward-looking statements.

Kincora Engages Investor Relations Consultant

Kincora Copper Limited (ASX: KCC) (TSXV: KCC) has engaged Kaitlin Taylor as a third-party investor relations consultant for an initial six-month period beginning May 15, 2026, with a monthly fee of $8,000 and 150,000 options exercisable at $0.95 per share. The Board of Directors has also granted 80,000 options at the same exercise price to a consultant. Kincora is an Australia-focused gold-copper explorer currently drilling at two projects and has unlocked over $100 million of potential partner funding for earlier stage and/or non-core porphyry projects. Over 20,000 metres of drilling and over A$10m of partner funded exploration have been supported since late 2024. The company is seeking to position itself as a leading institutional grade explorer in the Australian and Canadian markets.

Kincora Engages Geomorphic AI

Kincora Copper Limited (ASX: KCC) (TSXV: KCC) has engaged Geomorphic AI Corporation to provide project reviews, remote geological, and data science support for its NSW-focused exploration, drilling, and project generation activities. The engagement follows Geomorphic AI's initial review of Kincora's Fairholme project, which included a comprehensive technical report and development of a 3D geological model. Kincora has issued 150,000 options at an exercise price of C$0.97/sh to Geomorphic AI for a period of 24 months. The company has unlocked over $100 million of potential partner funding for multiple earlier stage and/or non-core porphyry projects, supporting over 18,000 metres of drilling and over A$9m of partner funded exploration since late 2024. This partnership aims to further integrate AI-driven analysis into Kincora's exploration and project generation processes.