Kincora copper: second major earn-in secured with anglogold ashanti

Amended agreement: kincora copper and anglogold ashanti sign a major amendment to their earn-in and joint venture agreement ("agreement") for a second joint venture in the northern junee-narromine belt of the macquarie arc supporting total expenditures of up to $100 million key highlights: multiple-phase, multiple-year agreement covering the nyngan south, nevertire south and mulla projects stage 1: anglogold ashanti may earn a 70% interest by spending $25 million stage 2: option to increase to 80% with additional funding and/or studies the agreement for two separate joint ventures cover a continuous strike greater than a 100km's and five projects kincora remains the operator, receiving a 10% management fee accelerated drilling plans: expansion to ongoing drilling at the nyngan project and a new drilling program to commence at the nevertire and nevertire south projects strong funding model: over $110 million of potential asset level funding has been secured; further large-scale partnerships are under active negotiation kincora remains on track to achieve its ambition for third-party management fees to support a self funding financing model melbourne, australia--(newsfile corp. - april 14, 2025) - kincora copper limited (tsxv: kcc) (asx: kcc) ("kcc", "kincora" or the "company") is pleased to announce the execution of a major amendment to its existing agreement with a wholly owned subsidiary of anglogold ashanti plc ("anglogold ashanti"). the agreement opens the way for more extensive exploration in the northern junee-narromine belt ("njnb") of the macquarie arc, central west nsw, australia.
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