Kincora Copper Limited announced the commencement of reconnaissance field work by its exploration alliance partner Earth AI Pty Ltd. at the Cundumbul project. Earth AI has applied its proprietary cloud based AI and machine learning technology to generate targets which are now being field checked by their senior geological team. This reconnaissance work program will assist confirm and refine target assessment ahead of a planned drilling program utilising their in-house diamond drill rig that is based in Young, NSW.

The Cundumbul project is located in the central Molong volcanic belt of the Macquarie Arc within the Lachlan Fold Belt in Central West NSW. The project is approximately 30km south of Alkane's Northern Molong Porphyry project (m maiden Boda resource ~10.1Moz AuEq and maiden Kaiser resource ~4.7Moz AuEq), 25km north of Copper Hill (>3Moz AuEq resource) and 70km north of the Cadia mine (>90Moz AuEq endowment). Newmont holds the adjacent western and southern license while recent exploration by Sultan Resources immediately east of the license boundary, at multiple common prospect mineral systems, have returned extensive hydrothermal alteration, anomalous copper and gold, and further supported the porphyry potential of the project.

Previous exploration at Cundumbul has included mapping, soil sampling, rock chip sampling, Induced Polarisation (IP), gravity and magnetic geophysical surveying, with more limited follow up auger, RC and diamond drilling. Mineralised monzonitic intrusions have been identified at both the Bell and Andrews prospects, in the north and south respectively of the project, located over 10km apart. Exploration efforts were last lead by Mitsubishi Materials Corporation during an earn-in period (concluded 2015).

The most advanced of the prospects, Bell, was drilled with RC and Diamond methods and intersected high grade molybdenum mineralisation in multiple holes with the best intersection of 4m @ 0.17% molybdenum from 168m (hole CNRC010) in a heavily faulted area with extensive alteration and quartz pyrite veining, phyllic alteration and widespread elevated molybdenum. It is well accepted that porphyry deposits are zoned, and the classic porphyry model had this assemblage setting above the copper bearing source.