The Dunn's North and South prospects are located 640m apart with encouraging but relatively limited deeper drill hole coverage and are with mineralisation starting from or near surface. Intersecting porphyry style and potential ore grade mineralisation at shallow depths in holes TRDD035 and TRDD036, associated with multiple intrusive phases provides encouragement. Fertility and petrology analysis is ongoing, with a review commenced considering the potential of further drilling towards the east and along strike towards the north and south (open target areas).

Kincora estimates the Trundle project holds a quarter of the Northparkes Igneous Complex, which to the east hosts Australia's second larger porphyry mine Northparkes - owned by China Molybdenum Co. Ltd. (CMOC) (80%) and the Sumitomo Group (20%) - and a 24Moz gold equivalent endowment 4. Kincora notes two neighbouring explorers currently drilling at the western and southern extensions of the Trundle project. Satellite images show a drill rig on FMG's license immediately adjacent to the south, testing the potential southern extension and associated magnetic anomalies of the 3.2km mineralised and magnetic corridor Kincora is currently drill testing at the Dunn's-NE Gold Zone-Botfield prospects.

The same images illustrate two rigs on Rimfire Pacific Mining neighbouring licenses, one drilling its Valley target adjacent to the northern section of the Trundle project, testing the western undercover extension of Kincora's Mordialloc target. Following extensive technical reviews, the Company's ongoing drilling program in NSW will seek to drill test 13 new copper-gold discovery opportunities across 5 projects. In January 2023, drilling commenced at the flagship and brownfield Trundle project seeking to test 5 adjacent system and separate large-scale porphyry targets across an existing 3.2km mineralised strike and magnetic complex at the southern portion of the Trundle license.