Photo from: Discovery Alert (www.discoveryalert.com.au)

Transaction Overview

Kincora Copper Limited raised AUD 4 million through an equity placement, supported by several new domestic and international institutional investors.

The shares were issued at AUD 1.05, only a small 1.7% discount to recent trading prices, showing strong investor interest. Investors also received options that allow them to buy additional shares in the future. The transaction was arranged by Alpine Capital Pty Ltd (Alpine Capital), acting as Sole Lead Manager.

Purpose of the Funding

The proceeds from the placement will support exploration and drilling activities across Kincora’s key projects, including:

• Expanded drilling at the 100%-owned Condobolin Project in the southern Cobar Basin,
• Geophysics and target refinement programs at the Fairholme and Trundle copper-gold projects,
• Expanded geophysical work at the Jemalong Project,
• Working capital needs and potential new license or project acquisitions.
• The funding enables Kincora to advance Condobolin, Fairholme, Trundle, and Jemalong simultaneously, accelerating exploration progress across its copper-gold portfolio.

Relevance to Mongolia

Kincora also holds exploration assets in Mongolia’s Southern Gobi, one of the world’s important copper regions.

While the current funding is focused on advancing Kincora’s Australian exploration portfolio, the company’s broader strategy and technical expertise remain directly relevant to its exploration assets in Mongolia’s Southern Gobi, one of the world’s most important copper regions.

Key Investment Implications

Near-term

• Drilling results expected to be the main catalyst
• Positive results could attract partners or additional funding

Medium-term

• Successful exploration may lead to joint ventures or project financing
• Potential company valuation upside if discoveries are confirmed