Kincora said drilling at the Nevertire-South licence had identified the Cookara target and that AngloGold Ashanti provided additional 2026 exploration funding after the reporting period to support an expanded program there. The company also reported executing a definitive agreement with Tumen Ail Coal LLC for its Mongolian subsidiaries, with US$6.5 million received and a further US$3.5 million held in escrow for payment by December 31, 2026.
The company said its board approved a sole-funded exploration budget of up to A$3 million for the Australian late spring-summer period. The planned program includes at least 25,000 metres of air-core drilling across 17 targets at Nyngan West, Fairholme, Cowal East and Trundle.
At the 100%-owned Condobolin project, Kincora completed a first-phase, nine-hole diamond drilling program. Final assay results and a review were pending, according to the company.
As at September 30, 2026, Kincora reported cash of $12.943 million and working capital of $3.662 million. It also said it received A$3.364935 million from AngloGold Ashanti during the nine-month period for exploration at the Nyngan, Nevertire and Nevertire South projects under the parties' earn-in and joint-venture agreement.
Source: Download KCC official ASX announcement, 2026-11-13.
Photograph from Kincora Copper’s company announcement dated November 13, 2026.