Kincora Advances the Historic Condobolin Mining Field

Core Insights - Kincora Copper Limited has initiated an airborne electro-magnetic (AEM) geophysical survey at the Condobolin project, expanding the project size by 90km² to a total of 297km² [1][15][10] - The AEM survey aims to identify new near-surface targets and refine existing mineralized systems, particularly at the Meritilga target, which has shown promising drilling results [2][21][22] - The company is capitalizing on near-record Australian gold and silver prices to review previous drilling results and explore the potential for alluvial gold [3][26] Project Overview - The Condobolin project is located in the southern end of the Cobar Basin, an area with a rich mining history for high-grade gold, silver, and base metals [4][8] - The project benefits from established infrastructure and has limited effective exploration below the shallow weathering profile, indicating significant potential for new discoveries [5][19] - Kincora's strategy includes a multi-phase exploration campaign that is fully funded, following a C$4 million private placement in July 2025 [10][36] Exploration Strategy - The AEM survey will cover over 800 line-kilometers and is expected to provide insights into subsurface structures across the historic Condobolin Mineral Field [16][17] - The Meritilga target has been identified for a high-impact drilling program to test extensions of existing mineralization, with previous results indicating high-grade intervals [2][21] - The company plans to systematically apply exploration techniques that have previously led to discoveries in the region [5][28] Market Context - Recent corporate activities in the region, including significant discoveries and mergers, highlight the potential for growth in the Cobar Basin [9][14] - The current strong precious metals market environment supports Kincora's exploration efforts and strategic positioning as a leading institutional-grade explorer [6][38] - The review of alluvial gold potential is particularly timely given the increase in gold prices, which have risen from approximately A$1500/ounce to nearly A$6000/ounce [26]