Transcription of The Stock Network Interview with Kincora Copper (ASX & TSXV: KCC), President and CEO Sam Spring
Lel Smits: Kincora Copper has expanded its wholly owned Cowl East project in the highly prospective Cowl Igneous complex in New South Wales, increasing its landholding by 40% and commencing the first exploration activities on the ground in more than a decade. Kincora has also begun a traditional ground gravity survey and formed a partnership with Atomionics to deploy next generation quantum gravity sensors and AI-powered subsurface modelling. I’m joined today by President and CEO Sam Spring to discuss the strategic expansion exploration plans and how new technology could enhance targeting at Cowl East.
Sam, welcome back to the Stock Network.
Sam Spring: Thank you, Lel.
Lel Smits: Now, Kincora has expanded its Cowl East footprint by 40%.
How does this larger land position really strengthen your exploration strategy within the area? Yeah, and we were very lucky.
Sam Spring: Well, we’re opportunistic pegging the ground immediately south of our Jemalung project, and as you say, that’s increased our foothold by 40%. This is situated within the Cowal Igneous complex, which is a world-class geological terrain.
It hosts over 20 million ounces gold equivalent resource inventory, over 5 million tonnes of contained metal. Evolution Mining’s flagship Cowl operation is the best-known asset. There’s the Marsden Porphyry deposit as well.
But this increases our scale in terms of our hybrid prospect generator model. Within this part of the block, we’ve got the Fairholme project. It’s really a tightly consolidated region, so we’re very pleased to get this ground.
Lel Smits: Excellent. And Sam, the ground was previously held by major miners, including goldfields, but has seen quite limited drilling and no field work for over a decade now. What do you think makes it the right time now for Kincora to restart exploration?
Sam Spring: And actually, picking up this ground consolidates for the first time the ground that goldfields had before the last commodity cycle.
And they did some work and confirmed that there is an intrusive gold system on the Jemalung project, and there just hasn’t been much drilling that’s been done here. And interestingly, you talk about why now. You’ve actually got goldfields that’s re-entered the belt with a private company around Cowel, and for the first time in a decade, doing drilling there.
So you are seeing the majors across this region and globally resuming exploration, doing earlier stage growth, increasingly doing it with partnerships and deals with juniors like Kinkora for these sort of projects. So I think in terms of why now, we are seeing majors returning to growth, but you’re also seeing good results getting rewarded in this belt. Link Minerals, Warratah, have been big successes going from sort of 30 million market caps to 100, 200 million, respectively.
So in terms of why now, I think it’s certainly the right point with exploration being rewarded to get on the ground and improve up, I guess, what is an earlier stage project, but very prospective.
Lel Smits: Absolutely. Certainly some big names and successes you’ve mentioned there. And finally, from Kincora’s perspective, you’ve also commenced a traditional gravity survey before deploying Atomionics , quantum gravity sensors, and AI modelling. How do you think this combination could improve subsurface imaging and also help redefine priority drill targets?
Sam Spring: Yeah, and well, ground gravity is something that is a go-to with our partnership with Anglo Gold Ashanti. We’ve done three different surveys at three different projects in the last 18 months, and it’s a very effective exploration technique.
So we’ve commissioned DESH-SAT, which is a traditional ground gravity survey provider that’s doing a survey at the moment. This new group, as you pick up, is using this new generation, next generation quantum sensors, which have the hallmark to be really revolutionary. And the profile of the Cowals project lends itself really well to be able to compare the two.
So what this new partnership enables is testing new technology with a partner to come in at their own cost to do that survey, and from there we’ll hopefully have some really interesting targets. We already know that there’s a few good ones, but we’ll really refine those and have a pretty compelling target in the next three to six months, I think.
Lel Smits: Well, Sam, thank you for the update on Kincora Copper and look forward to hearing more as all these developments evolve.
Sam Spring: Thank you, Lel.
Ends