Kincora Copper Limited (TSXV:KCC) executed a conditional agreement to acquire 35% stake in Portfolio of 6 Advanced to Early Stage Copper Gold Exploration Projects from RareX Limited (ASX:REE) for AUD 2.7 million on July 27, 2023. In consideration, Kincora will issue 40.6 million Chess Depositary Interests (?CDIs?) and grant 1% NSR for the vended licenses to RareX (the ?RareX Transaction?). Completion will result in Kincora securing a 100% interest in all of the RareX?s NSW projects. Concurrent with transaction, Jeremy Robinson has been invited to join Kincora?s Board as a Non-Executive Director and member of the Company?s Remuneration Committee. The transaction is subject to shareholder approval, completion of the placement for an aggregate subscription amount of not less than 30 million CDIs and the parties? obtaining approvals required under the Mining Act 1992. As of September 27, 2023, the transaction was approved by shareholders. All conditions precedent have been met.

Kincora Copper Limited (TSXV:KCC) completed the acquisition of 35% stake in Portfolio of 6 Advanced to Early Stage Copper Gold Exploration Projects from RareX Limited (ASX:REE) on December 15, 2023. As part of the transaction, Mr Jeremy Robinson, founder and chair of RareX, has joined the Kincora?s board as a non-executive director.