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Highlights
Kincora Copper (ASX:KCC) and AngloGold Ashanti (NYSE:AU) have expanded drilling at the Nyngan Project in New South Wales
A new gravity survey has revealed additional mineral targets across the Northern Junee-Narromine Belt
Drilling programs now include the Nevertire and Nevertire South areas with operations scheduled to continue into year-end
Kincora Copper (ASX:KCC), listed on the ASX 200, is advancing its exploration initiatives in the metals and mining sector through an expanded drilling partnership with AngloGold Ashanti (NYSE:AU). These developments are focused in the Northern Junee-Narromine Belt, a key zone within the Macquarie Arc in New South Wales.
Drilling Intensifies at Nyngan Project
The ongoing program at the Nyngan Project has undergone a second expansion following favourable geological results. A total of fifteen drill holes have already been completed, with the program now set to include four additional drill holes. This decision follows encouraging feedback from initial drilling phases and aligns with new insights derived from recently completed geophysical work.
A ground gravity survey covering an extensive portion of the project area has highlighted a series of new anomalies. Drilling is currently active on four of the freshly identified targets, focusing on zones such as Gerar and Ace of Spades. Both areas show overlapping magnetic and gravity signatures considered noteworthy from a geological standpoint.
Geological Indicators Prompt Program Adjustment
Previous drill holes have intersected hydrothermal alteration zones and mineralised intervals that include copper and associated pathfinder elements. These findings are consistent with known signatures linked to porphyry and epithermal mineral systems.
The program’s structure is designed to maximise coverage across identified anomalies. AngloGold and Kincora have worked closely to revise the scope based on these technical outcomes, resulting in an adaptive and iterative drilling strategy.
Broader Exploration Across Nevertire Zone
In addition to Nyngan, the partnership’s operational focus includes newly prioritised assets within the Nevertire and Nevertire South areas. A rig currently active at Nyngan is scheduled to mobilise to Nevertire for the next sequence of drilling. Work will focus on testing anomalies previously noted by other operators within the Nevertire Magmatic Complex.
The expanded scope is part of a multi-year commitment under a revised joint venture agreement that now spans several adjoining tenements in the region. AngloGold has increased its funding commitment to cover additional sites, including Nyngan South, Nevertire South, and Mulla.
Income Stream and Operational Leadership
Kincora Copper has continued to oversee field operations under the terms of the agreement, which provides the company with a structured management fee. The scaled-up activity across multiple project areas ensures that drilling efforts will continue through to the summer break period.
The broader program is designed to enhance structural and geological understanding within the Macquarie Arc. The collaboration between Kincora and AngloGold has been described as productive in generating new exploration targets across the covered extensions of this mineral-rich corridor.
The combined field activity across Nyngan, Nevertire, and Nevertire South remains active, with additional drill holes planned across all three project areas in the coming months.
