Kincora Copper Limited, in partnership with AngloGold Ashanti Australia Limited, has announced positive drilling results from exploration programs at two projects in the Northern Junee-Narromine Belt, NSW. The projects, located in the undercover extension of the Macquarie Arc, have identified multiple Macquarie Arc composite volcano-intrusive complexes, indicating potential for porphyry copper and epithermal gold. Following encouraging initial results, Kincora plans further scout drilling and geophysical surveys. The projects are part of earn-in and joint ventures with AngloGold Ashanti, which can spend up to A$100 million across a 100km continuous strike within Kincora's portfolio. Kincora manages the programs and receives a management fee based on 10% of expenditures.
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