Kincora Copper Limited (ASX: KCC) has begun a new phase of exploration at its wholly owned Condobolin Project in the southern Cobar Basin, New South Wales, marking the start of a fully funded, multi‑stage campaign targeting precious and base metals.
The company has mobilised an airborne electromagnetic (AEM) geophysical survey across about 155 square kilometres of the historic Condobolin Mineral Field.
The survey, operated by Expert Geophysics Pty Ltd using the TargetEM26 system, will collect more than 800 line‑kilometres of geophysical data to delineate subsurface structures, refine known mineralised systems under shallow cover, and define potential feeder zones at depth.
Ahead of the survey, Kincora expanded its landholding by pegging adjacent open ground, extending the project footprint by 90 square kilometres to a total of 297 square kilometres across two licences.
The work continues the company’s district consolidation strategy, which has grown its Condobolin position by roughly one‑third.
Preparations are also underway for diamond drilling at the Meritilga target, where previous results confirmed broad near‑surface gold‑silver‑base metal mineralisation, including an intercept of 4 metres grading 20 grams per tonne (g/t) gold and 30.2 g/t silver from 75 metres.
The upcoming 15‑hole, 4,100‑metre program will test down‑dip and along‑strike extensions of the system, which remains open.
Permitting and land access agreements are in place.
At the same time, the company has launched a review into the potential for alluvial gold mineralisation at Meritilga, leveraging strong commodity prices after earlier air‑core drilling by Clancy Exploration returned up to 28.4 g/t gold from 4 metres in gravels and 3.99 g/t from 28 metres in basement rocks.
The re‑evaluation will consider opportunities to advance the paleochannel target — measuring roughly 2 kilometres by 0.5 kilometres — either in parallel with or separate from the wider project.
The Cobar Basin is recognised for its 150‑year mining history and enduring role as a supplier of gold, copper, silver, lead and zinc.
Recent successes, including the Federation, Southern Nights and Achilles discoveries, along with corporate deals such as Harmony’s $1.6 billion acquisition of MAC Copper and Kingston Resources’ $50 million asset sale, underscore growing investor and operational interest in the region.
Kincora’s self‑funded campaign follows its C$4 million private placement completed in July 2025, positioning the explorer to advance both regional geophysical definition and target‑specific drilling.
With favourable local infrastructure and shallow depth cover across most of the project area, the company views the Condobolin Project as a cornerstone asset with strong potential for new discoveries in one of Australia’s most established polymetallic belts.
