Kincora Copper The leading expansion strategy along an emerging - PowerPoint PPT Presentation

Kincora Copper The leading expansion strategy along an emerging world class belt TSXV listed, Mongolian copper-gold exploration and development company (KCC.CN) November 2016 MINEX Conference Presentation

Disclaimer Information not recommendation The views expressed in this presentation are based on information derived from Kincora Copper Limited’s (“Kincora”) own internal and publicly available sources that have not be independently verified. No representation, warranty or undertaking, expressed or implied, is made or given by Kincora, or any of their officers or employees as to the fairness, accuracy, completeness or reliability of that information. This presentation should not be relied upon as a recommendation or forecast. Any recipient of this presentation is responsible for conducting their own due diligence and other enquires as to the information provided to them. Recipients of this presentation should seek and rely upon their own legal, tax, geological, geophysical, financial and accounting advice. Any decision to rely on the information contained in this presentation is the sole responsibility of the recipient of this document and Kincora will be responsible for any loss incurred by the recipient as a result of any actions taken by them relying on the information presented in this report. The scientific and technical information in this presentation was prepared in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and was reviewed, verified and compiled by Kincora’s geological staff under the supervision of Peter Leaman, Senior Vice-President of Exploration of Kincora Copper, who is the Qualified Person for the purpose of NI 43-101. All pricing and information in this presentation is at November 9th, 2016 and is in C$, unless otherwise stated. 2

Investment highlights: Location, Team, Targets Leading regional exploration play in an emerging world class, gold rich copper belt § Dominant position in the fast growing Southern Gobi mine and infrastructure region § Team with an exceptional track record with Tier 1 porphyries § Team aligned with shareholder value: 70:30 share/cash remuneration § Historic porphyry mineralization with recent confirmation of large scale Devonian “Oyu Tolgoi style” target at Bayan Tal supports one of the best candidates for a new Tier 1 porphyry discovery in the belt § Exploration ongoing advancing multi-target, multi-stage pipeline up the value curve: unique portfolio of targets between and on strike from the two mines in the belt § Large incumbents actively expanding portfolio and/or ramping up exploration in the Devonian belt § Mongolia’s resource potential again becoming recognized post largest project financing of its kind for Oyu Tolgoi Stage 2 development and other listed juniors exploration activities post discoveries Focus of exploration in the belt is additional Tier 1 (Devonian) copper-gold porphyries 3

Porphyries occur in clusters on key geological structures in established belts – not in isolation Peschanka s l a A l t a i d r U Qonyrat Almalyk Bor n A a Aqtoghai Oyu Tolgoi i l p s e t h i T y A n a Dexing e - n t s a E Sar Cheshmeh Far South East Dizon S Mongolia 6,000Mt from only o u t h w e s t P 4 deposits a c i f i c Southwest Pacific 30,000Mt Batu Hijau Panguna T resources from 59 deposits Grasberg a s m a Phanerozoic igneous provinces n Cadia Porphyry deposit o r N t h Gaspe Mt. Pleasant A Butte m e Bingham n Mt. Polley a r i h i c Henderson Valley Copper c a l a a p Yerington/Ann-Mason n p A C Resolution o r C Morenci a d r i i b l b Blue square—same landmass size of Southern Gobi to Northern Chile Cananea l e e r a a n NA Cordillera 84,000Mt resources from 143 deposits Toquepala Chuquicamata >US$75m of recent in-the-ground commitments for a La Escondida Llallagua Andes comparable geological exploration portfolio (similar land mass El Salvador Andes 150,000Mt resources Alumbrera Refugio from 91 deposits to Kincora) in Northern Chile El Teniente 4

Exploration potential: Analogous to Chile from >1970s “ Many leading geologists view the South Gobi Desert as the most prospective ground for copper mining in the world today ” 1 Blue square: same landmass size of “ Oyu Tolgoi, the Southern Gobi to world ’ s most Northern Chile (p slide 4) significant copper discovery/project of the past 25 years ” 1 Bayan Tal Same size landmass in Northern Chile there are: i. >15 current large mines ii. Producing ~2Mtpa Cu (~11% of global production) 1 BD Sec JSC June 9 th , 2016 research report “ The South Gobi Land Grab ” 5

Location: Dominant position between/on strike from the only 2 (Devonian) mines RUSSIA 30 k 30 km m Erdenet Copper Mine Erdenet Copper Mine Ulaanbaatar Ulaanbaatar Bronze Fox Tourmaline Hills Kharmagtai East East Xanadu Mines TS TS Kincora licenses TS TS Tsagaan Interpreted key structures OT OT CHINA Suvarga (“ TS ”) MAK/EBRD Ulgii Red Well Bayan Tal Res. Cu� Au Est Project Owner Stage km 2 (Mt) (%) g/t capex NE OT trend Stage 2 UG Rio “OT” 777 4,397 0.65 0.29 ~$12 Develop’t Tinto, via TRQ Open Pit Oyu Tolgoi (“OT”) 1 with Incl. Production 148 951 0.45 0.28 ~$5b Rio Tinto/TRQ/Entrée Gold GoM (reserves) MAK Develop’t 1.3 of 0.54 n/a ~$1.0 “TS” (private (sulfides 307 175 –1.4 group) only) 1. OT is forecast to be in the top 3 largest copper mines after planned expansion, and one of largest gold deposits, with multi-generational reserves/resources supporting further expansion potential . 6

Multi-target, Multi-stage: 10 licenses, 2 applications over >1560km 2 Focus on Oyu Tolgoi (“OT”) & Tsagaan Suvarga (“TS”) style Porphyry Copper Deposits (“PCD”) Target Background License(s) Area (km2) Target Style Stage Bronze Fox KCC historic Mature exploration: Potential 15000X 223 PCD / gold (BF Intrusive Complex) flagship tonnage/grade modelling Tourmaline Hills Golden Grouse Historically drilled: Advancing 17977X 247 PCD / gold (TH Intrusive Complex) acquisition targets post return of license Red Well New application New License: 20294X 40 PCD (North OT trend) (KCC) Prospecting Bayan Tal OT PCD Historically drilled with grade: IBEX transaction 14396X 403 (BT Igneous Complex) (<500m) Multiple (T1 scale) drill ready targets East TS TS PCD Refining multiple potential drill targets IBEX transaction 13615X, 17650X 240 (Tsagaan Suvarga Massif) (<200m) (geology/geophysics on-going) Ulgii 14523X, 14876X Advancing potential targets IBEX transaction 368 OT PCD / gold (Ulgii Massif) 14877X, 15167X (geology/geophysics on-going) Subtota Subtotal l 10 10 1,521 1,521 New transaction Bayan Tal NE-026428 28 License pending (IBEX) New transaction NE OT trend NE-027080 16 License pending (IBEX) Tota Total l 12 12 1,565 1,565 7

Pipeline: Advancing a portfolio of targets along the value curve Proven approach targeting Oyu Tolgoi (“OT”) & Tsagaan Suvarga (“TS”) style Porphyry Copper Deposits (PCD) • Technically solid, proven Target Lic. # Target ILLUSTRATIVE PROGRAM TIME LINE Style exploration: replicate the systematic approach ? ? East TS 13615 TS PCD successfully applied in discovering similar profile Bayan 14396 OT PCD GM GMAG AG Tal Tier 1 gold rich copper porphyry discoveries in PCD / ? ? 14523 Gold Mongolia and elsewhere PCD / • Scale potential : Portfolio ? ? 14877 Gold supports advancement of Ulgii PCD / ? ? Oyu Tolgoi and Tsagaan 14876 Gold Suvarga analogues, &/or PCD / ? ? traditional gold rich finger 15167 Gold type porphyries Bronze PCD / ? ? 15000 Fox Gold • Shallow-moderate depth : Focus leading edge of half Tourmali PCD / 17977 ? ? ne Hills Gold grabens &/or uplifted fault blocks with out-subcrop Red 20294 PCD ? ? Well providing geological window to moderate depths Regional review of target generations additional corporate opportunities • Pipeline : high quality, ranked exploration targets GMAG GM AG Interp p Drilling Dr illing Map ap Geochro Geo ron between and on strike from the two mines in the belt Geochron: age dating & fertility studies / GMAG: ground magnetic surveys / Interp: integration/Interpretation of geology/geophysics 8

Priority #1 - “OT style” : Drill ready targets, historic grade Advanced and complementary geology and geophysics Large magnetic feature, suggested (Devonian?) intrusive (source needed for PCD) LEGEND Regional geology and Conglomerate� magnetic feature suggest later Outcrop and downhole intrusive (not a Devonian target) Illustration of target drilling (400-450m depth*) IBEX trench IBEX drilling § Historic IBEX trenching/drilling -targeting geochem/IP § No mag anomaly Best intersections (margin of intrusive): Conglomerate confirmed - IBEX006: 18m @ 0.66% Cu Eq Devonian ( “OT type” ) - Trench: 18m @ 0.75% Cu Eq stratigraphy down-hole (background interpreted ground magnetics) * Illustration of a drilling target subject to final review and number of holes dependent on board approval 9