Kincora to raise A$1.27 million (C$1.19 million) via strategic investment by Fleet Space, existing major shareholder, directors and new investors participation
Raise conducted at A$0.038 (C$0.036) with 1:2 attaching option at A$0.075 (C$0.07)
Fleet Space to invest A$400,000 (C$373,832) to take initial ~4% strategic stake in Kincora
Expanded partnership with Fleet Space including Kincora's recently secured and wholly owned Wongarbon Project
Multiphysics survey agreement comprising Ambient Noise Tomography (ANT) and gravity surveys with Fleet Space's end-to-end mineral exploration solution, Exosphere
Fleet Space has the right to fund a minimum 2,000m drill program to earn a 20% stake in the Project
The Wongarbon Project is interpreted to host one of the last remaining untested and large intrusive complexes of the Macquarie Arc situated on an interpreted common transverse structure that is a key control to the 14.7Moz gold equivalent inventory within Alkane Resources Limited's Northern Molong Porphyry Project (NMPP) 1
Final interpretations are pending for a recent Fleet Space ANT survey at the NMPP and multiphysic surveys at the Nyngan Project ahead of imminent drill testing
Melbourne, Australia--(Newsfile Corp. - October 16, 2024) - Kincora Copper Limited (TSXV: KCC) (ASX: KCC) (Kincora or the Company) is pleased to have expanded its partnership with Fleet Space Technologies Pty Ltd (Fleet Space) to include: (i) a listed equity investment, (ii) multiphysics surveys at the Wongarbon Project to identify and refine targets, and, (iii) the right to drill test targets to earn an asset level interest in the Wongarbon Project.

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