Kincora Copper has announced that it has been granted the exploration licence for the Wongarbon Project in the central region of New South Wales (NSW), Australia.

This project is located on the northern extension of the Macquarie Arc, which is known for its porphyry geology and is considered a globally significant exploration opportunity.

The licence encompasses an area of 173km² within the Wongarbon Magnetic Complex, which is believed to be analogous to the systems hosting several significant mines in the region.

These include the former Newcrest-owned Cadia mine, Evolution Mining‘s Cowal and Northparkes mines, and Alkane Resources’ Boda-Kaiser deposits.

The potential of the Wongarbon Magnetic Complex was initially identified by Newcrest as a large-scale target.

However, the area remained untested due to Newcrest’s prioritisation of the Cadia Far East and Ridgeway discoveries at the time. Newcrest’s ground magnetic surveys had pinpointed several targets at depths of 300400m, indicating the presence of unexplored mineralisation.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Wongarbon Project’s location within a region known for its rich mining history and current operations suggests a promising future for Kincora Copper’s exploration endeavours.

With the licence now secured, the company is poised to investigate the untapped potential of the area, which could lead to significant discoveries akin to its neighbouring mines.

Kincora Copper Technical Committee chair John Holliday and Kincora Copper Exploration vice-president Peter Leaman said: “The next Cadia-scale deposit in the Macquarie Arc will likely be found in the covered and underexplored parts of this proven Tier 1 terrane and jurisdiction.

“This is virgin territory and a major opportunity with huge upside, which is being increasingly recognised as evidenced by recent significant deals and increasing investment by industry heavyweights.

“Regional magnetics has proven very effective in mapping the volcanic belts and the major deposits have identifiable intrusive complex signatures. This is evidenced in the southern and more mature sections of the Arc that already hosts over 160Moz [160 million ounces of] gold equivalent endowment.”