Toronto, ON, August 28, 2025 - (ACN Newswire via SeaPRwire.com) - Digital Shovel, a leading innovator in crypto mining infrastructure solutions, is thrilled to announce the successful completion of its partnership with IREN (formerly Iris Energy Limited), marked by the delivery of the final batch totaling 493 MW of busway sets, including active units and spares. This milestone, achieved well ahead of schedule, underscores Digital Shovel’s commitment to excellence and reliability in supporting next-generation data center operations.The partnership, formalized in February 2024, saw Digital Shovel supply IREN with almost 500 MW of busways, critical to powering IREN’s expanding data centers, which are optimized for Bitcoin mining and AI cloud services using 100% renewable energy. The project was completed without delays, with deliveries consistently surpassing expectations, enabling IREN to advance its operational timeline.“We are incredibly proud of the seamless execution of this partnership with IREN,” said Scot Johnson, CEO of Digital Shovel. “Delivering all 493 MW of busway sets ahead of schedule is a testament to our team’s dedication and the strength of our innovative solutions. IREN’s vision for sustainable, high-performance data centers aligns perfectly with our mission, and we’re excited about the impact this project will have on their growth.”The early completion of this contract also positions both companies for future collaboration. “This project has been a fantastic opportunity to showcase what we can achieve together,” Johnson added. “We’re eager to explore new ventures with IREN as they continue to lead in renewable energy-powered data centers for Bitcoin mining and AI applications.”The success of this deployment lays the foundation for expanded collaboration as demand for infrastructure solutions continues to surge. With proven capacity to deliver at scale and speed, Digital Shovel is positioned to help power the next generation of energy-efficient data centers across North America.For more information about Digital Shovel and its solutions, please visit www.digitalshovel.com.About Digital ShovelDigital Shovel is a leading vertically integrated HPC, AI and Bitcoin Mining systems manufacturer, building critical elements for datacenter construction. This includes turnkey modular datacenters, as well as infrastructure including switchgear, Smart PDUs, busway systems and more. For more info, visit www.DigitalShovel.com About IRENIREN (NASDAQ: IREN), formerly Iris Energy Limited, is an Australia-based company operating next-generation data centers powered by 100% renewable energy. With facilities optimized for Bitcoin mining, AI cloud services, and other power-dense computing applications, IREN is a global leader in sustainable, high-performance data center solutions. For more information, visit www.iren.com.Media Contact:Press@DigitalShovel.comhttps://www.digitalshovel.com Copyright 2025 ACN Newswire via SeaPRwire.com.

SINGAPORE, Aug 27, 2025 - (ACN Newswire via SeaPRwire.com) - TechInnovation® 2025, Singapore’s preeminent platform for innovation and business transformation, returns for its 13th edition from 29–31 October 2025 at Sands Expo & Convention Centre, Level 3 Heliconia and Hibiscus Ballroom, Singapore. Organised by IPI Singapore, the three-day event will bring together over 40 expert speakers, more than 100 breakthrough technologies and curated programmes designed to accelerate real-world innovation and cross-border collaboration.Building on last year’s momentum, which brought together more than 100 exhibitors from 8 countries, attracted attendees from 42 markets, and resulted in over 30 projects supported by IPI Singapore after the event, TechInnovation 2025 will once again convene innovators, startups, corporates, and government agencies across Asia to showcase emerging technology solutions and forge strategic partnerships. In 2024, notably, 46 percent of visitors were senior management decision-makers, underscoring the event’s position as a high-value marketplace for business and technology leaders.The event focuses on sectors including smart buildings, urban solutions, engineering, digital health, sustainability, advanced manufacturing and AI, ensuring businesses can find solutions tailored to their growth ambitions while engaging directly with innovation leaders, potential collaborators and funding partners. Anchored on the theme Discover, Connect and Collaborate, TechInnovation 2025 offers exhibitors and visitors a platform to showcase ready-to-market technologies, connect with potential partners across borders, and co-create solutions to address real-world challenges faced by businesses.Innovation in Action: Interactive BoothsDebuting this year, TechInnovation 2025 will feature experiential technology showcases, giving select exhibitors the chance to showcase their ready-to-market technologies in a hands-on, interactive format. These interactive spaces are designed to spark conversations, encourage engagements and foster meaningful connections across the show floor. For SMEs, the booths offer a unique opportunity to showcase innovations, build credibility and connect directly with potential partners and customers. The launch responds to strong demand for immersive, real-world demonstrations that make technology tangible and memorable.Call for ExhibitorsTechInnovation 2025 invites technology providers, research institutions, startups and solution developers to participate as exhibitors. Exhibitors will benefit from exposure to thousands of decision-makers and industry leaders, targeted business matching opportunities and media visibility through IPI Singapore’s pre-event publicity and digital campaigns.“TechInnovation brings together enterprises and partners to explore new ideas,” said Michael Goh, Chief Operating Officer of IPI Singapore. “We look forward to welcoming exhibitors whose innovations can support practical business applications and contribute to a more sustainable and competitive future.”About TechInnovation 2025Returning for its 13th edition, TechInnovation 2025 is the flagship event of IPI Singapore, connecting technology seekers and providers across Asia. The event serves as a dynamic marketplace for co-innovation and tech adoption, drawing participation from startups, SMEs, corporates, universities and government agencies.This year’s theme, “Discover, Connect, Collaborate” underscores TechInnovation’s mission to drive growth through discovery, global connection and collaboration. The event will feature over 40 speakers, more than 100 technologies and 3 days of programming designed to scale real-world business innovation. TechInnovation is organised by IPI Singapore, a subsidiary of Enterprise Singapore and catalyst of Singapore’s open innovation ecosystem.TechInnovation® is a registered trademark of IPI Singapore.Learn more at www.techinnovation.com.sg.About IPI SingaporeIPI Singapore is an innovation catalyst that creates opportunities for enterprises to grow beyond boundaries. As a subsidiary of Enterprise Singapore, IPI Singapore accelerates the innovation process of enterprises through access to its global innovation ecosystem and advisory services.With a strong belief that innovation is key to enterprise growth, IPI Singapore provides enterprises with access to innovative ideas and technologies. IPI Singapore also facilitates and supports enterprises' innovation processes, including commercialisation and go-to-market strategies.Learn more at https://www.ipi-singapore.org/Media Contact:Sheree TanManager, Marketing & Communications, PartnershipsIPI Singapore ipi_comms@ipi-singapore.orgTheodore WoonDirectorPINPOINT PR Pte. Ltd.theodore@pinpointpr.global Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Aug 28, 2025 - (ACN Newswire via SeaPRwire.com) - On August 27, CALB Group Co., Ltd. ("CALB" or "the Company," stock code: 3931.HK) announced its unaudited condensed consolidated interim results for the six months ended 30 June 2025 (the "Reporting Period"). During the Reporting Period, the Company delivered outstanding operational performance with revenue of RMB16,418.88 million, representing an increase of 31.7% compared to the same period last year, and realized a profit of RMB752.99 million, representing a year-on-year increase of 80.4%. In the first half of 2025, the Company showed strong profitability and resilience during the accelerated trend of transformation of global renewable energy development.According to SNE Research, the Company’s installed capacity of globally EV batteries in the first half of 2025 increased 22.7%, ranking third domestically and fourth globally, with the monthly installed capacity reaching 4.7GWh. The Company was particularly outstanding in the domestic passenger vehicle market with the market share hitting new highs in June and July, reaching 7.4% and 8.25%, respectively. In the energy storage sector, the Company's growth was even more rapid. According to InfoLink, the Company’s shipment in the first half of the year ranked fourth globally, achieving milestone development in the energy storage sector.Centered on continuous technological breakthroughs and with the launch of multiple major products, in the first half of 2025, the Company maintained its leadership in cutting-edge battery technology with the “UP” battery. At the same time, the Company’s 400Wh/kg solid-liquid hybrid battery is poised for mass production and commercial deployment, while significant progress has been made in the all-solid-state battery—including breakthroughs in R&D and the commissioning of a dedicated production line. CALB’s high-power lithium iron phosphate R46 large cylindrical battery is the first in the industry to achieve mass production and has successfully achieved mass production for the latest PHEV models from Geely and Dongfeng. At the same time, the Company’s next-generation lithium manganese LFP battery product achieves an energy density exceeding 210Wh/kg and will also go into mass production. With improved performance, the product can attain 10%- 80% charging within 15 minutes.In the passenger vehicle market, leveraging exceptional product capabilities, the Company achieved full entry into the world’s top three automakers, namely Volkswagen, Hyundai and Toyota. In the first half of 2025, its 800V 5C batteries achieved a monthly sales volume of over 20,000 packs, which will support models for XPeng, Ledao, Leapmotor, Audi, BAIC, and others, and the 800V 5C high-voltage NCM battery exclusively supports popular models such as XPeng’s new P7 with ultra-long range, helping XPeng’s new P7 create a new world record of driving 3,971km in 24 hours.In the commercial vehicle market, CALB has established a comprehensive product matrix architecture for “ZHIYUAN” batteries, covering all scenarios, all applications, and all capabilities. In the first half of year, the Company’s domestic commercial vehicle installed capacity has increased by 310% year-on-year. CALB is the first in the industry to launch a million-kilometer customized products for light trucks, significantly improving the quality assurance of battery systems and effectively enhancing product competitiveness in the market. Leveraging the outstanding recognition from the light truck field, the Company has established in-depth collaborations with customers such as Chery, Geely, Ruichi, Foton, Dongfeng, Changan, and King Long. In the heavy truck field, the Company has deeply cultivated the market through the scenario-based power consumption design and has achieved full-spectrum collaboration by partnering with customers such as Sinotruk, XCMG, SANY, Shaanxi Automobile, Jiefang, Dongfeng, Lingong, and Liugong.The Company has made significant breakthroughs in the international market, and its energy storage business achieved rapid growth in the first half of year. The 314Ah second-generation long-cycle energy storage cell can achieve an ultra-long service life of 15,000 cycles and high energy efficiency of over 96%, while achieving zero degradation in the first 1,000 cycles, earning high recognition from customers for both the product and delivery capabilities. In terms of the overseas market, the Company has successfully partnered with the largest power plant projects in Latin America and South Africa, entering the supplier lists of several leading developers and power grid companies. Meanwhile, the Company’s next-generation “ZHIJIU” of 588Ah and 600Ah+ large energy storage cells will scheduled for mass production within the year.In addition, the Company is the first in the industry to pass the eVTOL power battery manufacturing compliance review and supports the development of China’s low-altitude economy market by actively exploring emerging markets. At present, the R46 cylindrical battery cell with an energy density of 310Wh/kg is now in mass production for leading eVTOL customers in the industry. At the same time, CALB signed a deepened strategic cooperation agreement with GOVY, under which the two parties will carry out in-depth collaboration in the eVTOL sector and jointly promote the development of standardized eVTOL energy products.Overall, in the first half of the year, CALB focused on the strategy of consolidating its leadership in products and technologies, while accelerating the globalization of its production capacity layout. At present, its battery Pack plant in Thailand has been put into operation, while construction of the Portugal base officially commenced in the first quarter of 2025. Looking ahead, with the further improvement of industrial chain system, the Company is expected to leverage its cross-domain, cross-scenario dynamic storage product matrix to achieve deep synergy in its dynamic storage business, creating cutting-edge product capabilities across all scenarios. At the same time, the Company will continuously explore emerging markets such as rail transit, mining, low-altitude flight, and humanoid robots by offering high-safety, high-reliability, and high-performance product solutions. Furthermore, CALB will continue to advance the implementation of its “energy+” strategy, further consolidating its leading position in the global new energy industry.About CALBCALB is a new energy enterprise specializing in the research, production, sales, and market application development of lithium batteries, battery management systems, and related integrated products and lithium battery materials. As Battery Expert, we aim to build a comprehensive energy operation system, to provide complete product solutions and full life-cycle management for the new energy application market, represented by power and energy storage.Currently, CALB has completed an all-round layout in domestic by setting up industrial bases in Changzhou, Xiamen, Wuhan, Chengdu, Hefei, Jiangmen and Meishan. Meanwhile, CALB has set up bases in Europe and ASEAN, vigorously expanding the layout all over the world to become a global leading enterprise with large-scale intelligent manufacturing capabilities. Copyright 2025 ACN Newswire via SeaPRwire.com.

Financial HighlightsRMB millionFor the 6 months ended 30 JuneChange 20252024 Revenue76,09079,115(3.82%) Operating Profit2,8172,11533.15% Profit Before Income Tax2,7982,21626.27% Gross Proft9,6438,48613.63% Gross Profit Margin12.67%10.73%1.94% Net Profit1,7641,39526.45% Net profit attributable to shareholders and other equity holders of the Company1,27886647.63% Net profit attributable to shareholders and other equity holders of the Company after deducting non-recurring profit or loss 1,240 82051.18% Net cash flows from operating activities7,154(1,447)594.46% Results Highlights 01. Energy-related businesses significantly improved profitability, with combined net profit increasing by RMB724 million year-on-year (“YoY”): The offshore engineering segment and the finance and asset management segment (primarily drilling rig leasing) together improved by approximately RMB506 million, and the energy, chemical & liquid food equipment segment improved by RMB218 million. Specifically, the gross profit margin of the offshore engineering segment increased by 5.85 percentage points YoY to 10.84% in 1H 2025, with net profit reaching RMB281 million and a net profit margin of approximately 3.5%. The total order backlog amounted to approximately RMB70 billion, covering periods up to 2027/2028.02. Logistics-related business portfolio mitigated cycles and achieved steady growth: Container manufacturing and sales remained within the prosperous zone, benefiting from the resilience of global trade and the increased penetration of domestic multimodal transport. Sales of new standard dry containers reached 1,125,900 TEUs and refrigerated container sales doubled to 92,000 TEUs. Container manufacturing, airport facilities, and logistics services achieved growth, while the road transportation vehicles business declined. The combined net profit increased by approximately RMB76 million. 03. Significant optimization of interest expenses: The interest-bearing debt balance at mid-year was RMB41.2 billion, a decrease of RMB5.1 billion compared to the same period last year. Benefiting from the active replacement of high-interest floating-rate US dollar bonds in 2024, net interest expenses for 1H 2025 decreased by approximately RMB310 million YoY. 04. Significant improvement in cash flow: Net cash flows from operating activities increased significantly by 594.46% YoY. As of June 2025, net cash flows from operating activities were RMB7.154 billion. HONG KONG, Aug 27, 2025 - (ACN Newswire via SeaPRwire.com) - China International Marine Containers (Group) Co., Ltd. (“CIMC Group” or the “Group”, stock code: 000039.SZ/02039.HK) is pleased to announce the unaudited interim results for the six months ended 30 June, 2025 (the “Reporting Period”).The management of CIMC Group stated: “In 1H 2025, facing impacts such as slowing global economic growth and tariffs, global goods trade demonstrated certain resilience. Benefiting from the diversified business portfolio structure of logistics equipment and services, the enhanced profitability of previously cultivated high-end energy manufacturing businesses, and the continuously optimized debt structure, while the Group, through its continuously consolidated global operation platform foundation during the Reporting Period, smoothed out fluctuations in single regions and achieved stable and quality development. In the first half, the Group achieved revenue of RMB76.1 billion, a decrease of 3.82% YoY; the gross profit margin increased by 1.94% YoY to 12.67%; and net profit attributable to shareholders was approximately RMB1.28 billion, an increase of 47.63%. During the Reporting Period, the Group maintained its global leading position in the production of standard dry containers, refrigerated containers, and special-purpose containers. Revenue from road transportation vehicles, energy/chemical/liquid food equipment, logistics services, and offshore engineering businesses also grew steadily, maintaining overall operational stability. The Group’s domestic revenue accounted for approximately 51%, and overseas revenue accounted for approximately 49%, maintaining a sound market landscape.”Segments Results (RMB million)1H2025 Business indicatorsRevenueAs % of the total revenueGross profitAs % of the gross profitGross profit marginNet profitContainer manufacturing21,73528.57%3,51036.40%16.15%1,444Road transportation vehicles9,75312.82%1,46415.19%15.01%408Energy, chemical, and liquid food equipment13,00917.10%1,96720.40%15.12%460Offshore Engineering8,01410.53%8699.01%10.84%281Airport Facilities and Logistics Equipment, Fire Safety and Rescue Equipment3,1204.10%6426.65%20.56%80Logistics services13,57917.85%8118.41%5.97%202The above major segments69,20991.0%9,26396.06%13.38%2,875Core Business PerformanceI. In the Logistics FieldContainer Manufacturing Business: During the Reporting Period, China’s container supply chain prosperity index remained within the prosperous zone, highlighting the resilience of global goods trade. According to the United Nations Conference on Trade and Development (UNCTAD), global trade volume is estimated to expand by US$300 billion year-on-year in the first half of 2025, with US$230 billion contributed by growth in goods trade. Meanwhile, long-term factors such as Red Sea detours, congestion at Eurasian ports, and stricter regulations on shipping carbon emissions reduced container shipping efficiency, keeping container demand at conventional levels. During the Reporting Period, the Group’s sales volume of dry containers decreased by 18.57% year-on-year to 1,125,900 TEUs (same period last year: 1,382,700 TEUs), mainly affected by the high base in the same period last year; sales of refrigerated containers benefited from strong South American fruit exports and cold chain demand, surging by 105.82% year-on-year to 92,000 TEUs (same period last year: 44,700 TEUs). During the Reporting Period, revenue reached RMB21.735 billion, net profit was RMB1.444 billion, and the gross profit margin increased by 3.95 percentage points YoY to 16.15%.Logistics Services Business: During the Reporting Period, the international trade environment was complex and volatile, and container shipping volume and freight rates fluctuated. However, the accelerated pace of Chinese companies going global drove growth in demand for comprehensive logistics, further highlighting the hub value of logistics service providers in the supply chain. Against this backdrop, the Group’s logistics services business firmly adhered to the development strategy of “high quality, high efficiency, and new momentum,” achieving overall operational stability by optimizing customer structure, innovating business models, strengthening risk management, and improving operational efficiency. During the Reporting Period, the Group’s logistics services business achieved revenue of RMB13.579 billion, a decrease of 3.62% YoY; net profit was RMB202 million, basically flat YoY. Meanwhile, the Group’s ocean shipping division continued to enrich its route offerings and further expanded its global agency network. Despite market fluctuations, it exceeded target cargo volumes on designated routes and was once again listed in the 2025 Top 50 Ocean Freight Forwarders chart issued by the global logistics industry authoritative magazine Transport Topic.Road Transportation Vehicles Business: During the Reporting Period, CIMC Vehicles achieved revenue of RMB9.753 billion (same period last year: RMB10.700 billion), a decrease of 8.85% YoY; net profit was RMB408 million (same period last year: RMB574 million), a decrease of 28.89% YoY. Among these, the new energy heavy-duty truck market continued its explosive growth trend, and the semi-trailer industry in Global South markets showed a pattern of differentiated growth alongside transformation. In the domestic market, the “StarLink Project” and the “Rise-Up Project” achieved results, driving high-quality growth and development of the domestic business. During the Reporting Period, revenue, gross profit margin, and sales volume in China’s semi-trailer market increased by 11%, 2.4 percentage points, and 10% YoY, respectively. Its market share in China’s semi-trailer market rose to 23.07%, ranking first in China for the sixth consecutive year. In overseas markets, the semi-trailer business in the Global South continued its high-quality development trend, with the gross profit margin increasing by 4.6 percentage points YoY and sales volume increasing by 13.0% YOY, showing strong profitability growth. Efforts in the new energy sector continued, with sales volumes of EV-DTB dump trucks, mixer trucks, and refrigerated trucks increasing by 142.55%, 86.26%, and 69.8% YoY, respectively. The top-level architecture for the pure electric tractor and trailer product EV-RT 2.0 was completed.Airport Facilities & Logistics Equipment / Fire Safety & Rescue Equipment Business: During the Reporting Period, primarily due to the release and settlement of high-quality orders from the previous period during the Reporting Period, the Company proactively optimized the delivery pace and successfully delivered projects such as boarding bridges for the new terminals at Xi’an Xianyang International Airport and Antalya Airport in Turkey ahead of schedule. Revenue for the Reporting Period was RMB3120 million (same period last year: RMB2403 million), an increase of 29.83% year-on-year; net profit was RMB80 million (same period last year: RMB 37 million), an increase of 119.57% YoY. During the Reporting Period, the intelligent unmanned docking system (the first batch in the world) was successfully put into operation at Lanzhou Airport, with all 86 boarding bridges at the airport achieving unmanned operation; the overseas Ziegler business saw significant improvements in bid-winning rates, on-time delivery rates, and cost management. CIMC TianDa provided automated delivery and sorting systems to customers in the e-commerce express delivery industry, while actively expanding into diversified niche areas such as pharmaceuticals and textiles. Leveraging the product advantage of cost reduction and efficiency improvement, new orders grew steadily.II. In the Energy Industries FieldIn the energy, chemical, and liquid food equipment business, this segment achieved revenue of RMB13.009 billion (same period last year: RMB12.121 billion), an increase of 7.32% YoY; net profit was RMB460 million (same period last year: RMB242 million), an increase of 90.26% YoY. Among these, CIMC Enric achieved revenue of RMB12.610 billion (same period last year: RMB11.480 billion), a YoY increase of 9.9%; net profit attributable to the Company was RMB560 million (same period last year: RMB490 million), a significant YoY increase of 15.6%; newly signed orders amounted to RMB10.740 billion, and the order backlog as of the end of June was RMB29.180 billion. Specifically, the clean energy segment's revenue grew steadily; demand for LNG refueling stations, LNG tankers, and related equipment continued to increase; the Linggang-CIMC project was successfully constructed and delivered; in the offshore clean energy sector, 9 vessels were delivered, 7 newbuilds were signed, and multiple orders for LNG and methanol power packages were secured; in the hydrogen business, bids were won for several green hydrogen ammonia projects domestically and internationally, and multiple orders were delivered to European customers during the Reporting Period; the chemical and environment segment saw a slowdown in demand for tank containers, while the medical equipment components business grew steadily and the after-market business progressed; the liquid food segment’s net profit increased YoY; the new plant in Mexico was fully operational during the Reporting Period, and the first large-scale storage tank project was secured.In the offshore engineering business, in 1H 2025, crude oil prices experienced significant volatility due to uncertainties in U.S. trade policies and geopolitical tensions stemming from the Iran-Israel and Russia-Ukraine conflicts. However, as existing oil fields gradually deplete, the demand for new oil and gas resources is becoming increasingly urgent. The economic value of deep-sea oil and gas development continues to grow, and offshore deep-sea oil and gas production continues to increase. In particular, large-scale floating production equipment, centered around FPSO/FLNG, remains in high demand. During the Reporting Period, the Group’s offshore engineering business recorded revenue of RMB8014 million (same period last year: RMB7784 million), a YoY increase of 2.95%; the gross profit margin increased by 5.85 percentage points YoY to 10.84%; net profit was RMB281 million (same period last year: net loss of RMB84 million), turning a loss into a profit YoY. Among these, the core operating entity, Yantai CIMC Raffles Marine Technology Group Co., Ltd., achieved a net profit of RMB525 million, and the net profit margin increased to 6.56%. As of the end of June, orders newly signed/won amounted to USD 106 million (same period last year: USD 1,790 million), primarily affected by delayed order finalizations. The cumulative order backlog was USD5,550 million. Among these, the proportion of oil and gas orders and non-oil and gas orders was approximately 7:3, effectively easing the periodic fluctuation of the oil and gas market.In the offshore engineering asset operation business, affected by factors such as the impact of U.S. “reciprocal tariffs” on global demand expectations, the greater-than-expected production increase by “OPEC+”, and the unwinding of geopolitical risk premiums, international oil companies shifted their strategic focus back to their core oil and gas business and became more prudent with their investment in low-carbon transformation. The global utilization rate of jack-up platforms declined significantly, and daily rates were under downward pressure. For mid-deepwater semi-submersible platforms, demand for projects in the North Sea and Barents Sea remained stable, while issues related to European energy security supported a steady rise in both utilization rates and daily rates. For ultra-deepwater semi-submersible platforms, certain deepwater development projects were delayed due to adjustments in investment priorities, resulting in a slight decline in the utilization rate compared to the beginning of the year. During the Reporting Period, the Group’s mid-deepwater semi-submersible platform “Deepsea Yantai” secured a new lease agreement with a Norwegian oil company; the ultra-deepwater semi-submersible drilling platform “Blue Whale No. 1” signed a new lease agreement with an international client.Future Development and ProspectsThe Group's Management stated: "CIMC will base itself on the new development stage, closely follow national policy guidance, deepen the implementation of the strategic theme of ‘accelerating the construction of new growth drivers and focusing on promoting high-quality development’, coordinate the reasonable growth of ‘quantity’ and the effective improvement of ‘quality’, and strive to ‘become a high-quality and respected world-class enterprise’."I. In the Logistics FieldIn the container manufacturing business, according to the report issued by CLARKSONS in June 2025, global container trade volume is expected to see a growth of 2.5% in 2025. The uncertainty surrounding U.S. tariff policies will continue to fuel concerns about global economic growth, which in turn will impact the demand for containers in the global container shipping market in the short term. However, owing to the demand for spare containers brought about by these uncertain events in the container transportation market and the stable replacement rate of old containers, the demand for new containers is still expected to be underpinned by stable fundamentals in 2025.In the road transportation vehicles business, as tariff policies and the results of anti-dumping and anti-subsidy investigations finalize, coupled with the traditional peak season in the third quarter, the North American semi-trailer business is expected to see a weak recovery; the European semi-trailer business will maintain its resilience amid a “weak recovery” market environment. In 2H 2025, CIMC Vehicles will evolve its “intercontinental operation” into a “borderless enterprise” model, continue to strengthen its strategic presence in Southeast Asia and Africa, and establish regional business groups for the Global South market; domestically, it will continue to focus on new energy, accelerate its transformation to become a “full-value-chain” operator of StarLink semi-trailers, and further increase its market share.II. In the Energy Industries FieldIn the energy, chemical, and liquid food equipment business, shell expects that both demand for and supply of LNG will continue to grow after 2030, with the market share of LNG in total global natural gas demand rising from approximately 14% in 2024 to approximately 25% by 2050, particularly in the Asian market. The International Energy Agency (IEA)’s “Gas Market Report Q3-2025” predicts that global natural gas consumption will reach a record high in 2026, with natural gas demand in Asia in particular projected to grow by over 4% and LNG imports expected to increase by approximately 10%. CIMC Enric will continue to advance the replication and implementation of strategic clean alternative fuel projects, such as coke oven gas to hydrogen co-production LNG and biomass-based green methanol, to cultivate new performance growth points.In the offshore engineering business: The FPSO market shows a high certainty of demand in the short term, underpinned by a substantial reserve of long-term projects. Market demand is forecast to remain robust over the next five years, with major projects centered in South America and Africa and main builders in China and Singapore. In the second half of the year, the Group’s offshore engineering business will firmly advance its strategic vision, concentrating on its established product lines to consolidate competitive advantages and amplify its successes. The three major business lines will continue to break new ground, with offshore oil and gas as the foundation, gradually expanding to new energy sources to form a business portfolio that dilutes the impacts of the industrial cycle.III. In the Finance and Asset Management FieldIn the offshore engineering asset operation and management business of CIMC, in 2H 2025, oil prices are expected to remain volatile and under pressure, influenced by ongoing tariff fluctuations, adjustments in “OPEC+” policies, and geopolitical uncertainties, as forecast by numerous institutions and investment banks. Global oil and gas investment is projected to reflect structural shifts as “increased deepwater investment, diminished shale and counter-cyclical in national oil companies”. Daily rates for mid-to-deepwater offshore drilling platforms are anticipated to remain stable. The Group will adhere to an operating strategy of “maintaining stable operations, promoting asset turnover and expanding market reach”, ensuring the safe and smooth operation of leased assets while proactively securing lease renewals, accelerating the disposal of jack-up and accommodation platform assets, and advancing the marketing of mid-to-deepwater and ultra-deepwater platforms to consolidate its leading position in the global offshore engineering market.About China International Marine Containers (Group) Co., Ltd.The CIMC Group is a world-leading equipment and solution provider in the logistics and energy industries, and its industry cluster mainly covers logistics and energy fields, strengthening its position as a global market leader. In the logistics field, the Group still adheres to taking container manufacturing business as its core business, based on which to develop road transportation vehicles business, airport facilities and logistics equipment/fire safety and rescue equipment business and to a lesser extent, logistics services business and recycled load business providing products and services in professional field of logistics; in the energy field, the Group is principally engaged in energy/chemical/liquid food equipment business and offshore engineering business; meanwhile, the Group also continuously develops emerging industries and has finance and asset management business that serves the Group itself. As a diversified multinational industrial group that shoulders the mission of global serving, CIMC owns a total of 4 listed companies and over 300 member enterprises in Asia, North America, Europe, Australia, and others, and extensive customers and sales networks covering more than 100 countries and regions. In 2024, the Group recorded a revenue of RMB177.664 billion, with gross profit margin remaining at 12.52% and net profit of RMB4.195 billion. The Group was ranked 154th in the Fortune 500 China 2025. For more information, please visit http://www.cimc.com/. Copyright 2025 ACN Newswire via SeaPRwire.com.

ROMEOVILLE, IL, Aug 27, 2025 - (ACN Newswire via SeaPRwire.com) - Formerra, a leader in performance materials distribution, today announced an agreement with Epaflex S.r.l. that designates Formerra Europe as the preferred distributor of Epaflex's thermoplastic polyurethane (TPU) lines in the United Kingdom and Republic of Ireland.The partnership leverages Epaflex's 30-year legacy of innovation in TPU manufacturing with Formerra's deep expertise in UK/EU REACH compliance, local technical support, and agile logistics. Additionally, the collaboration ensures that process engineers and sourcing managers across cable, wire, industrial, automation, and oil & gas markets gain seamless access to high-performance TPU grades backed by responsive service and regulatory guidance."We're proud to welcome Epaflex's industry-leading TPU portfolio into our specialist distribution network," said Ronan Kennedy, Managing Director at Formerra Europe. "This agreement opens a true window of opportunity for UK & Ireland processors by delivering advanced TPUs via the reliable supply chains and technical support our customers need."Epaflex is renowned for its Epamould, Epaline, and Epamet engineered TPU formulations featuring high-abrasion, oil-resistance, specialty matte finishes, and low-temperature flexibility. These materials serve critical applications such as cable jacketing, hydraulic hoses, precision tubing, and protective film. Combined with the company's new Epalite material, this portfolio brings durability, processability, and design versatility for today's demanding industrial environments."Partnering with Formerra marks a significant milestone in our UK and Ireland expansion," said Andrea Martignoni, Global Strategic Marketing Manager - Elastomers at Epaflex. "Their local market expertise and commitment to engineer-led service make them the ideal partner to bring Epaflex innovation to manufacturers in this key area of Europe."With this agreement, Formerra further strengthens its European presence, offering unmatched portfolio depth, compliance guidance, and rapid responsiveness to support customers' most challenging TPU applications.Key Details:Formerra Europe appointed preferred distributor for Epaflex TPU lines (Epamould, Epaline, Epamet, and Epalite) in the UK & Ireland.Partnership combines Italian-engineered TPU grades with Formerra's UK/EU REACH expertise and agile service.Target applications include cable/wire jacketing, hydraulic hoses, precision tubing and protective films.About FormerraFormerra is a preeminent distributor of engineered materials, connecting the world's leading polymer producers with thousands of OEMs and brand owners across healthcare, consumer, industrial, and mobility markets. Powered by technical and commercial expertise, it brings a distinctive combination of portfolio depth, supply chain strength, industry knowledge, service, leading e-commerce capabilities, and ingenuity. The experienced Formerra team helps customers across multiple industries to design, select, process, and develop products in new and better ways - driving improved performance, productivity, reliability, and sustainability. To learn more, visit www.formerra.com.About EpaflexEpaflex S.r.l., headquartered in Italy, is a leading manufacturer of thermoplastic polyurethanes. For over 30 years, Epaflex has developed innovative TPU solutions for industries including cable & wire, automotive, oil & gas and consumer goods. Its portfolio features high-performance grades engineered for abrasion resistance, flexibility, weather-ability and specialty surface finishes. Privately held under the Elachem Group, Epaflex operates global sales and technical support hubs to serve OEMs and processors worldwide.Media ContactJackie MorrisMarketing Communications Manager, Formerrajackie.morris@formerra.com+1 630-972-3144SOURCE: Formerra Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Aug 26, 2025 - (ACN Newswire via SeaPRwire.com) - Global leading storage battery company in data center and telecom industries – Shuangdeng Group Co., Ltd. (stock code: 06960.HK), today listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”).Shuangdeng Group offered a total of 58,557,000 H Shares in the global offering. The offer price was determined at HK$14.51 per offer share. The net proceeds from the Global Offering are estimated to be approximately HK$756.3 million.The Company intends to use the net proceeds for the following purposes: (1) Construct a lithium-ion batteries production facility in Southeast Asia, which will primarily be used for producing batteries for data centers. (2) Establish a research and development center focusing on the research and development of: (i) enhanced energy storage battery life; (ii) solid state battery; (iii) sodium-ion battery; and (iv) BMS technology. (3) Strengthen overseas sales and marketing so that the Company can enhance its global presence, better serve overseas customers and boost international sales, etc.Shuangdeng Group’s Hong Kong Offering was over-subscribed by approximately 3875.25 times of the 5,856,000 H shares offered. The International Offering also recorded an over-subscription, of approximately 17.75 times of the 52,701,000 H shares offered.The opening price of Shuangdeng Group today was HK$22.50, up by 55.1%, with a total market capitalization of HK$9.38 billion accordingly.Listing CeremonyVIP GroupDr. Yang Rui, Chairman of the Board, Executive Director and Chief Executive Officer of Shuangdeng Group said, “Shuangdeng is not only a provider of energy storage battery products and system solutions but also aspires to be an architect of the AIDC intelligent computing center energy ecosystem, as the ‘Energy Operating System’ of digital infrastructure. We firmly believe that without stable energy supply, there can be no reliable intelligent computing power. We look forward to working with global investors to jointly chart the grand blueprint of a ‘Zero-Carbon Computing Planet.’ Let every watt of energy illuminate the path forward for human civilization!”Dr. Yang Rui, Chairman of the Board, Executive Director and Chief Executive Officerof Shuangdeng Group Co., Ltd. Delivered a SpeechShuangdeng Group is a leading company in energy storage business for big-data and telecommunication industries. Its products span diverse application scenarios, including energy storage for telecom base stations, data centers, and the electrical energy storage settings. According to Frost & Sullivan, in 2024, the Company ranked the first among global telecom base station and data center energy storage battery providers in terms of shipment volume, achieving a market share of 11.1%.With over a decade of dedicated industry expertise, Shuangdeng Group has established a globally leading customer base and brand strength. The Company serves nearly 30 of the world’s top 100 telecom operators and equipment manufacturers, forging strong relationship with leading telecom operators and telecommunication equipment manufacturers in China, such as China Mobile, China Telecom, China Unicom, and China Tower, as well as prominent international telecommunication giants like Ericsson, Vodafone, Orange, and Telenor. In addition, as of December 31, 2024, Shuangdeng Group served 80% of top 10 Chinese self-owned data center companies and 90% of top 10 Chinese third-party data center companies.Capturing the AIDC Opportunity: Data Center Business BoomsAs the key carriers of latest-generation digital technologies, such as artificial intelligence and cloud computing, data centers experienced a rapid growth in recent years around the world. The advent of the AI era is also accelerating the industry trend towards large-scale and high-computing power data centers. According to Frost & Sullivan, the proportion of global electricity consumption by data centers is expected to increase from 4.0% in 2024 to 10.1% in 2030. The dependency of AI and big data on constant power supplies makes energy storage a critical component in the infrastructure supporting these technologies.In 2018, Shuangdeng Group keenly identified the market demands of the internet era and began establishing cooperation relationship with large tech companies and data center operators. Up to August 8, 2025, its energy storage products have been used in hundreds of data centers. According to Frost & Sullivan, in 2024, Shuangdeng Group ranked first among Chinese companies in terms of shipment volumes in the global data center energy storage market, with 16.1% market share in the global data center market.Shuangdeng Group’s batteries applied in data centers, utilizing advanced technologies such as continuous grid plate preparation technology, deliver superior high-rate performance. These products achieve discharge rates exceeding 6C, with instantaneous discharge capabilities reaching 10C, making them ideal products to serve customer-specific performance needs across various application scenarios. Additionally, the Company is leading the development of the industry standard for ‘‘Lithium-iron Phosphate Battery Packs for AC UPS in Data Centers’’ in China, setting the benchmark for energy storage battery technology in the era of big data.According to the prospectus, Shuangdeng Group’s revenues from sales of batteries used in data centers increased by 120% from RMB397.0 million in the five months ended May 31, 2024 to RMB872.9 million in the five months ended May 31, 2025. The contribution of this business segment to total revenue grew from 28.4% to 46.7%, making it the company’s largest revenue source.In the era of artificial intelligence and big data, Shuangdeng Group is well-positioned to capture the vast market opportunities of the future. Approximately 40.0% of the net proceeds from this IPO will be used for the construction of a lithium-ion batteries production facility in Southeast Asia, which will primarily be used for producing batteries for data centers in order to cultivate its second growth pillar and increase its markets share regarding energy storage products for data centers.Strong R&D Drives Innovation, Diverse Products Meet Varied NeedsAs a global leading energy storage battery manufacturer, Shuangdeng Group relies on its in-house R&D to establish and strengthen market position, and achieve continuous growth. The Company has R&D centers located in Taizhou, Shenzhen, Beijing and Xiangyang. These R&D centers focus on the research and development of energy storage battery technologies to improve the safety, cost-efficiency and performance of energy storage batteries. Adhering to the principle of “researching one generation ahead, pilot testing the next, and mass-producing the current”, Shuangdeng Group aims to enhance the market competitiveness of both lithium-ion batteries and lead-acid batteries through its R&D efforts. As of August 8, 2025, the Company held a total of 353 patents, including 111 invention patents.Shuangdeng Group’s technical team has actively participated in the formulation of national and industry-related standards on multiple occasions, demonstrating its strong technological credibility and influence in the industry. As of May 31, 2025, the Company has participated in the formulation of one international standard issued by International Electrotechnical Commission (IEC), 10 national standards and 21 industry standards issued by the Ministry of Industry and Information Technology of the People’s Republic of China and the Standardization Administration of China.In addition, Shuangdeng Group actively pursues collaborative R&D partnerships with external entities to co-develop innovative technologies and products that align with dynamic market needs. The Company works closely with leading experts in the energy storage industry and have formed an external technical expert committee, which was led by academician from the Chinese Academy of Engineering and Chinese Academy of Sciences, and jointed by more than 30 industrial experts to support and advise on technical innovation. The Company has also established profound partnerships with leading universities, research institutions and industry experts. These collaborations have facilitated a series of projects focused on pioneering new technologies, offering crucial technical insights that underpin its future product development strategies.Shuangdeng Group offers a diverse range of products across multiple technology pathways to provide the most cost-effective options that meet customer performance requirements. Apart from lead-acid batteries and lithium-ion batteries, the Company’s sodium-ion batteries have been widely adopted in telecom base stations by telecommunication companies in multiple provinces and regions, including Anhui, Qinghai, Tibet and Gansu. In addition, to further enhance the energy safety, the Company has been actively developing the solid-state battery technology. The joint R&D project with Tianmu Lake Institute of Advanced Energy Storage Technologies has completed development of the key materials, and achieved the fabrication of 100Ah solid-state lithium-ion batteries, which laid a solid foundation for the Company’s future R&D on the technology and manufacture of solid-state battery.For further information, please contact:Porda Havas International Finance Communications GroupKelly Fung +852 3150 6763 kelly.fung@h-advisors.globalMay Yang +86 15021840493 may.yang@h-advisors.global Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Aug 27, 2025 - (ACN Newswire via SeaPRwire.com) - On August 26, CaoCao Inc. (‘CaoCao’ or ‘Company’, Stock Code: 02643.HK) announced interim results. For the six months ended June 30, 2025, CaoCao Inc. operated in 163 cities. Company’s total order volume reached 379.5 million, representing an increase of 49.0% in the same period of last year. During the reporting period, the Company’s revenues increased by 53.5% to RMB 9.5 billion.The announcement shows that the Company’s gross profit margin raised from 7.0% in in the six months ended June 30, 2024 to 8.4% in the six months ended June 30, 2025., while losses narrowed by 39.8% year-on-year. Net cash generated from operating activities increased by 164.6% year-on-year, reflecting an improved financial position.CaoCao Inc. was founded in 2015, incubated by Geely Holding Group. According to Frost & Sullivan, CaoCao Inc. was the second largest ride hailing platform in China in terms of GTV in 2024.The Company has placed and expect to place greater strategic focus on purpose-built vehicles. As of June 30, 2025, it deployed a fleet of over 37 thousand purpose-built vehicles across 31 cities and and CaoCao also collaborated with local car partners through selling them our purpose-built vehicles. For the six months ended June 30, 2025, the GTV contributed by purpose-built vehicles amounted to RMB2.5 billion, reflecting an increase of 34.7% compared with the same period last year.The purpose-built vehicles specifically designed for shared mobility have significantly enhanced the driver and passenger experience. In the first half of the year, CaoCao Inc. saw a year-on-year increase of 57.4% in average monthly active users and 53.5% in average monthly active drivers, with the average order value (AOV) rising to RMB 28.9. In seven user surveys conducted between Q4 2023 and Q2 2025, CaoCao Mobility ranked in user recognition for “best service quality” among China’s leading shared mobility platforms.The company continues to invest in CaoCao Smart Mobility, their autonomous driving platform, to enhance our Robotaxi operation capabilities.Since April 2025, the company has been deploying their latest generation of Robotaxi, which features Geely’s latest redundant architecture design and deeply integrates CaoCao Smart Mobility’s capabilities in automated dispatching, remote safety assurance, travel cabin services, and asset digital management into a unified autonomous driving operation platform. The Company also collaborates with Geely and business partners to develop autonomous driving technology and to pre-install proprietary autonomous driving components and related applications in purpose-built vehicles. By the end of the reporting period, CaoCao Smart Mobility had accumulated over 15,000 kilometers of autonomous driving test mileage in Suzhou and Hangzhou. In addition, CaoCao Inc. continues to promote accessible mobility. On March 28, it officially launched their public welfare brand for accessibility, deploying over 1,000 accessible vehicles across 20+ major cities and holding a monthly “Accessibility Public Welfare Day” to provide free wheelchair-accessible travel for wheelchair users. At the same time, CaoCao Inc. is the first platform in the industry to participate in the pilot program for occupational injury protection for workers in new forms of employment, and has established support initiatives such as the Driver Care Fund and the Driver Children’s Education Fund.Looking ahead, CaoCao Inc. will leverage on competitive strengths, geographical expansion successes, tremendous momentum in Robotaxi development and strategic relationship with Geely Group, the company will continue to optimize their growth strategy, aiming to achieve a healthy combination of fast growth and profitability. Copyright 2025 ACN Newswire via SeaPRwire.com.

Melbourne, Australia--(ACN Newswire via SeaPRwire.com - August 26, 2025) - Copper-gold explorer and hybrid project generator Kincora Copper Limited (ASX: KCC) (TSXV: KCC) (Kincora or the Company) is pleased to provide an update on positive drilling results from ongoing exploration programs at two projects in the Northern Junee-Narromine Belt (NJNB). These projects are located in the undercover extension of the Macquarie Arc in NSW and being conducted under earn-in and joint venture agreements with AngloGold Ashanti Australia Limited (AngloGold Ashanti).HIGHLIGHTSA successful first drilling program at the Nyngan project has identified multiple Macquarie Arc composite volcano-intrusive complexes:Encouraging geology and anomalous assay results support porphyry copper and epithermal gold potential.Targets resulting from the 1Q'2025 ground gravity survey returned encouraging results, at particularly shallow depths, significantly expanding future search spaces.A continuation of further scout drilling and/or a Stage 2 step out phase is proposed.Drilling is ongoing at the highly prospective Nevertire South and Nevertire projects:The first drilling program at the Nevertire Magmatic Complex (NMC) since Kincora consolidated the tenement ownership supporting a >8km untested strike.Initial observations reaffirm Kincora's view that the NMC is the most advanced and geologically prospective porphyry project in the covered extensions of the Macquarie Arc.Initial seven-hole program ongoing and scheduled for ~2,150 metres.Planning has already commenced for follow up geophysical surveys given encouraging initial results and scale of the existing system ahead of potential follow up drilling.Kincora is managing the programs and receives a management fee based on 10% of expenditure.The Nyngan, Nevertire South and Nevertire projects are included in two earn-in and joint ventures with AngloGold Ashanti who has the right to spend up to A$100 million across a total of five projects covering a continuous strike greater than a 100kms within Kincora's NJNB portfolio.John Holliday, Technical Committee chair, and Peter Leaman, VP of Exploration, said:"While early days in our first drilling program at the Nevertire South project we are very excited by the large, multi-phase Macquarie Arc volcanic and intrusive complex we are intersecting - we are in what looks to be a very large, mineralised and very prospective system with the right geological signs. Large scale step-out drilling is ongoing and designed to discover or create a vectoring pattern to a targeted porphyry deposit. We have already seen enough to be planning near term geophysical programs to help guide and refine a high priority next phase of drilling.It is also worth noting that the conclusion of the first phase of scout drilling at the Nyngan project was particularly successful at testing new targets that emerged from the gravity survey only undertaken in the first quarter this year. Several new mineralised multi-phase volcano-intrusive complexes were intersected at shallow depths, significantly expanding the near-term search space, particularly across the wider Gerar target area. Follow up exploration is planned and will be refined upon receipt of all pending drilling results.Finally, it is also particularly pleasing to see Waratah Resource's new gold discovery at its Spur porphyry project and the significant interest this has attracted - congratulations to Peter Duerden and his team. It is a great reminder of the geological potential of the Macquarie Arc and the results that testing new geological concepts in new search spaces can yield."NEVERTIRE AND NEVERTIRE SOUTH PROJECTS Following the April 2025 amended and second earn-in agreement with AngloGold Ashanti 1, drilling plans were expanded for a first phase program at both the Nevertire and Nevertire South projects with unimpeded access across the consolidated ~8 x 12km Nevertire Magmatic Complex (NMC).The ongoing seven-hole program includes both large scale step out and scout targets designed to discover or create a vectoring pattern to a targeted porphyry deposit. This program seeks to effectively test part of a greater than 8km northern strike of the NMC, following up from prior favorable drill results of Newcrest Mining.Newcrest holes ACDNY005 and ACDNY006 were drilled ~2.7km apart and returned "lithologies, alteration and veining consistent with a setting similar to the Cadia-Ridgeway and Goonumbla porphyry Cu-Au deposits" 2. Hole ACDNY006 returned a "very encouraging intersection of anomalous copper mineralisation (from basement to end of hole), veining and magnetite alteration situated in a high volcanic-hosted level" 3 and hole ACDNY005 returned very favorable alteration, a Phase 4 Macquarie Arc age date and up to 0.53 g/t gold.Three of an initial seven planned holes have been completed by Kincora, with step-outs ranging from 600m to 1,200m away from prior Newcrest holes ACDNY005 and ACDNY006. Drilling commenced from the south within the confirmed Macquarie Arc domain and is progressing towards the north - see Figures 2 & 3. Initial observations from these holes reaffirm the Company's view that the central and northern portions of the NMC are the most geologically prospective porphyry project in the covered extensions of the Macquarie Arc.The step-out holes have intersected multiple porphyritic intrusive phases beneath a moderate thickness of post mineral cover. Lithologies intersected include monzonite, diorite, and crowded pyroxene-hornblende andesites. Favorable alteration is noted with intervals of strong chlorite ± magnetite ± epidote ± sericite ± hematite ± K-feldspar and disseminated and vein-hosted pyrite ± chalcopyrite is present in multiple zones ± localised bornite. Late-stage chalcedonic and tourmaline-bearing veins suggest potential for a telescoped hydrothermal overprint.The program uses cost-effective mud-rotary drilling through the relatively soft post mineral cover sequence followed by diamond core drilling (NQ3) of porphyry-prospective basement. This technique was successfully used in the first phase program at the Nyngan project.While assay and other sampling technique results are pending, planning has already commenced for follow up geophysical surveys given the encouraging initial observations. A follow up drill program will be assessed once all assay results are received.NYNGAN PROJECTInitial scout drilling activities at the Nyngan project commenced in calendar 4Q'2024 in partnership with AngloGold Ashanti under the May 2024 earn-in agreement 4. A total of nineteen wide-spaced scout holes for 7,345.4 metres were completed and confirmed multiple newly identified interpreted Macquarie Arc composite volcanic and intrusive complexes.All holes to date have provided samples of basement geology across separate magnetic complexes and key lithological domains hosted within two separate and previously untested Macquarie Arc magnetic complexes, the Ace of Spades and Gerar (formerly South-West) targets, which cover ~16 x 18km and ~7 x 17km, respectively - see Figures 2 & 4 below.Following encouraging results for the first six holes completed in 4Q'2024, the drilling program was expanded to provide greater coverage across the two wider target areas and a ground gravity survey was commissioned and completed in 1Q'2025 5. Most recent drilling across a wider search space and targets resulting from the gravity survey returned encouraging results, at particularly shallow depths, further significantly increasing the search space - see Figure 2 below.Shallower than anticipated cover, encouraging geology, alteration, anomalous copper and pathfinder minerals, and preserved structural blocks support porphyry and epithermal gold potential and provide vectors for follow up drilling at multiple targets - see Tables 1 & 2 below.A continuation of further scout drilling and/or a Stage 2 step out phase is proposed post receipt of full results and analysis with our partner AngloGold Ashanti. Several further potential scout holes have existing permits and land access offering walk up drill targets.Figure 1: Kincora and AngloGold Ashanti have partnered to explore a new district-scale undercover extension of the world-class Macquarie Arc via two earn-in and joint venture agreements and are currently aggressively drilling large greenfield targetsKincora is managing the earn-in programs with AngloGold Ashanti, receiving a 10% management fee of expenditures, covering a continuous 100km strike and 5 projectsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2305/263878_figure1.jpg Figure 2: Drilling has transitioned from an initial 19-hole scout drilling program at the Nyngan project to a step out drilling program at the Nevertire South and Nevertire projectsFurther potential step out drilling and a Phase 2 step out program at Nyngan are proposedTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2305/263878_figure2.jpgFigure 3: A first phase drilling program under two separate earn-in and joint venture agreements with AngloGold Ashanti has commenced and will for the first time test the >8km northern strike of the Nevertire Magmatic Complex with unimpeded access for the first time from previous very favourable drilling results by Newcrest MiningThe ongoing program includes both large scale step out and scout targets designed to discover or create a vectoring pattern to a targeted porphyry deposit.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2305/263878_figure3.jpgFigure 4: 19 wide spaced scout holes have been completed in the first phase AngloGold Ashanti and Kincora program at the Nyngan projectThe scout holes to basement have taken samples of geology across separate magnetic complexes and key lithological domains hosted within two separate and previously untested Macquarie Arc volcano-intrusive complexes (the Ace of Spaces and the Gerar targets). A 1Q'2025 extensive ground gravity survey generated a number of new targets, four of which were drilled in 2Q'2025. Due to the very broad nature and extensive regional coverage of the current program Kincora has not provided sectional views of the current scout-drilling phase (as required under Clause 19 of the JORC Code). Such sections are anticipated upon commencement of a Phase 2 follow up step out phase of drilling.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2305/263878_figure4.jpg Table 1: Nyngan project: Summary of 2024-25 mud rotary-diamond tail drill holes (metres)HoleMud RotaryDiamond CoreEndof HoleInterpretedBasementBasementIntervalHighlightsNYDD002212.9240.7453.644013.6Confirmed Macquarie Arc age date.Rare chalcopyrite, bornite.NYDD003257.8168.6426.4257.8168.6Distal propylitic alteration & weak gold-copper anomaly. Minor chalcopyrite.NYDD004335.5165.4500.9318182.9Propylitic alteration & moderate copper anomaly. Minor disseminated chalcopyrite, pyrite (locally up to 5%), fracture-fill native copper. Trace vein hosted chalcopyrite. Confirmed Macquarie Arc age date.NYDD005335.535.7371.233338.2Distal propylitic alteration.NYDD006302.7135.5438.2302.7135.5Trace vein hosted chalcopyrite.NYDD007305.7210.6516.3300216.3Epithermal style alteration overprinting propylitic alteration. Minor disseminated & vein hosted pyrite, molybdenite & chalcopyrite with minor fracture filled native copper.NYDD008209.7174.6384.3201183.3New potassic & sodic-potassic intrusive system Minor chalcopyrite, rare bornite & fracture-fill native copper.NYDD009287.7161.8449.5282167.5Propylitic andesitic with five distinct events Rare pyrite & very fine bornite.NYDD010224.379.5303.8224.379.5Distal propylitic alteration & weak gold-copper anomaly. Broad zone of disseminated pyrite with rare chalcopyrite & native copper. Confirmed Macquarie Arc age date.NYDD011296.6165.6462.2286176.2Broad disseminated pyrite with minor chalcopyrite & bornite. Confirmed Macquarie Arc age date.NYDD012371.9104.3476.2360116.2Multiple intrusions & breccias with minor chalcopyrite & bornite.NYDD013332.836.4369.232742.2Distal propylitic alteration.NYDD014245.762.2307.9245.762.2Multiphase hydrothermal-igneous breccias with minor pyrite, bornite & molybdenite. Structurally controlled epithermal zone with stibnite. Confirmed Macquarie Arc age date.NYDD015260.6104.8365.4246119.4New intrusive system, pervasive propylitic alteration. Minor pyrite & chalcopyrite.NYDD016302.569.7372.228686.2New intrusive system. Volcanic + intrusive + breccia rare chalcopyrite, pyrite, sericite.NYDD017263.360.6323.924380.9Low energy sediment with high background levels of copper, native copper in fractures.NYDD018209.8152.1361.9202159.9Volcanosedimentary sequence with over 130m aggregate porous volcanic breccia with minor chalcopyrite & bornite. Shallow cover.NYDD019117.350.8168.111058.1Propylitic altered tuffaceous volcanics, rare native copper and chalcopyrite. Minor stockwork veins.NYDD020148.5145.7294.2135159.2Prehnite-propylitic, minor potassic alteration with phyllic overprint; weak molybdenite, fine bornite-chalcopyrite veins & disseminations, & minor porphyry vein styles all consistent with peripheral/upper porphyry levels.Total5020.82324.67345.4 Table 2: Nyngan project: Selected maximum assay values for 2024/2025 drill holesCombined geochemistry, alteration and fertility analysis support porphyry copper & epithermal gold settings and targetsHoleCopper(ppm)Gold(ppm)As (ppm)Mo (ppm)S (%)Ag (ppm)NYDD0024240.0116.01.560.030.29NYDD0033780.01629.41.230.190.24NYDD0046800.03815.81.600.850.28NYDD0051590.01416.81.481.080.66NYDD0062450.01627.11.270.020.32NYDD0074720.21511.1211.03.490.59NYDD0082650.0186.72.180.081.12NYDD0092070.0035.00.600.030.19NYDD0102620.0145.91.200.250.19NYDD0113950.02863.414.901.610.35NYDD0124530.02126.63.270.650.48NYDD01394.30.0074.80.850.020.08NYDD01471.30.00520.36.480.150.06NYDD0151370.00610.92.940.520.29NYDD0162700.00727.74.50.380.53NYDD0173030.00412.22.280.130.36NYDD0184240.02685.84.950.650.25NYDD0192170.0124.20.770.190.14NYDD02019350.01410.72.410.180.81 Table 3: Nyngan project: Summary of mud rotary-diamond drillingHoles completed to date 2024/2025 at the Ace of Spaces and the Gerar targets (the latter formerly known as the South-West target)TargetHoleEnd of Hole (m)Dip(°)Azimuth(true)Easting(MGA)Northing(MGA)Elevation(m)Diamond Corerecovery (%)GerarNYDD002453.6-900517309653297216599.9%Ace of SpadesNYDD003426.4-900533326655416716299.7%Ace of SpadesNYDD004500.9-900533918654740815897.5%Ace of SpadesNYDD005371.2-75247529381655783615998.0%Ace of SpadesNYDD006438.2-900525242655478315899.7%Ace of SpadesNYDD007516.3-900525542654501016099.6%GerarNYDD008384.3-900518160653537915999.8%Ace of SpadesNYDD009449.5-9005288186548318163100%Ace of SpadesNYDD010290.3-900533680655520016299.9%Ace of SpadesNYDD011462.2-900532000655900015999.3%Ace of SpadesNYDD012476.2-9005354986550116155100%Ace of SpadesNYDD013369.2-9005306306544500160100%Ace of SpadesNYDD014307.9-900524440655135216099.6%Ace of SpadesNYDD015365.4-900531656655640215995.2%Ace of SpadesNYDD016372.2-9005336236551638160100%Ace of SpadesNYDD017323.9-9005226666548315158100%GerarNYDD018361.9-9005187826538471162100%GerarNYDD019168.1-900522108653761616199.9%GerarNYDD020294.2-900516657652907116299.7 Table 4: Nevertire South and Nevertire projects: Summary of mud rotary-diamond drillingHoles completed to date 2025 - detailed logging, assay and other sampling technique results are pendingTargetHoleEnd of Hole (m)Dip(°)Azimuth (true)Easting (MGA)Northing (MGA)Elevation (m)Diamond Corerecovery (%)Nevertire SouthNevertire South Nevertire SouthNEDD002NEDD003NEDD004401.2410.3361.4-80-80-8012922628655562555527655624064884606487160648921018818918983.799%TBC ABOUT THE NJNB PROJECT PORTFOLIO The Macquarie Arc is a hotspot for recent corporate activity with over A$16-billion of M&A for producing porphyry assets and over A$385 million of exploration earn-in/joint ventures 6. The district has seen considerable exploration success, including two greater than 10Moz gold equivalent discoveries/resource expansions 7 and an emerging gold discovery by Waratah Resources at the Spur project 8.Despite regional magnetics effectively mapping the Macquarie Arc volcanic belts, due to the post mineral cover, there has been very limited prior drilling of the extensions of both the Junee-Narromine and Molong volcanic belts relative to the southern more outcropping sections which hosts a number of world-class deposits and mines (e.g. Cadia, Cowal and Northparkes).Kincora's portfolio and the wider NJNB offers new district-scale discovery potential with spatial and temporal settings, coupled with magnetics, gravity and new Ambient Noise Tomography (ANT) surveys, supportive of large-scale targets analogous to porphyry deposits located in the southern section of the Arc.AngloGold Ashanti has secured Earn-in and Joint Venture Agreements with both Kincora and Inflection Resources (CSE: AUCU) ("Inflection", market capitalisation C$24.7 million) within the NJNB with over A$14 million investment to date 9. In 2Q'2025, AngloGold Ashanti moved to Phase II of its earn-in agreement with Inflection designating a total of four projects to continue earning into (including two projects adjacent to Kincora's Nyngan project) 10 and signed a major amendment with Kincora to include a second joint venture supporting a continuous strike greater than a 100kms and five projects.The most recent notable example of a new globally significant emerging porphyry district is the Vicuña district, which is also an extension of a renowned world-class porphyry belt. Vicuña is an extension of the central Andean belts in Argentina on the border of Chile and situated at over 4000m altitude.Within this district NGEx Resources Inc in 2009 held three early-stage exploration projects and at the time had a market capitalisation of approximately C$40 million 11. These same projects are all still at a pre-development phase but have yielded in four large-scale discoveries valued at over A$10 billion 12.Kincora was an early mover into the Northern Junee-Narromine Belt and has opportunistically pegged strategically important ground directly from the State resulting in a district scale portfolio of the interpreted most prospective and shallow to moderate covered part of the northwards extension of the Macquarie Arc under post mineral cover. This portfolio now covers a strike twice the length of the Vicuña district and is included in earn-in and agreements with AngloGold Ashanti.ABOUT KINCORA Kincora Copper Limited (ASX: KCC) (TSXV: KCC) is an emerging Australia-focused copper-gold explorer with a hybrid project generator strategy. The Company is now successfully proving up the prospectivity of its extensive project portfolio, which includes multiple district-scale landholdings and scalable drill ready targets. These assets are located in Australia's Macquarie Arc and Mongolia's Southern Gobi, two of the globe's leading porphyry belts, and the historical Condobolin mining field within the Cobar superbasin in NSW.Kincora is using an asset level partner model to develop and implement exploration strategies for its wholly-owned large-scale exploration stage porphyry projects. The Company has already unlocked over $110 million of potential partner funding for multiple earlier stage and/or non-core porphyry projects 13. These initial deals have supported over 13,500 metres of drilling and over A$6.5m of partner funded exploration since late 2024, with management fees and exploration ramping up 13.Partner discussions are ongoing for its remaining 100% owned flagship projects that are all situated within existing porphyry camps containing over 20-million-ounce gold equivalent resource inventory.Kincora's ambition is to be the operator for exploration budgets of over $10 million per annum for the porphyry portfolio providing sufficient project management fees for the Company to be self-funding (covering corporate costs and maintenance of remaining wholly owned projects) and have partnerships with a diversified portfolio of industry leading producers/explorers. This is in addition to the various other existing partnerships where Kincora is not the operator or receiving a management fee income stream.The Company has assembled an industry leading technical team who have made multiple world-class copper and gold discoveries, who have "skin in the game" equity ownership, and, backed by a consolidated and sophisticated shareholder register (insiders currently owning over 40% of the Company and represented on the Board).On July 7th, 2025, Kincora announced an oversubscribed C$4 million non-brokered private placement of units led by leading North American investors, including Rick Rule and Jeff Phillips, and their investor networks.The share units have a 12-month hold period and there is an accelerator on the warrants - both at the lead investors requests. This raising is concurrent with a corporate restructuring and share capital roll back.The roll back and placement terms provides Kincora the corporate structure to leverage the deals, partner funding and project results already in place and to unlock significant existing value. This is starting to be realized.The new capital provides the ability to accelerate more drilling, do more asset level deals, earn more management fees, and, ultimately, supporting the ambition of more (big) new discoveries. These multiple avenues all provide further material value catalysts for shareholders.Closing of the non-brokered private placement is anticipated shortly after the scheduled August 27th, Annual General and Special Shareholders meeting.The financing also supports Kincora pursuing a hybrid project generator model and undertaking drilling at our 100% owned Condobolin project. The Condobolin project hosts a historical mining field located within the Cobar superbasin and within trucking distance to an existing mill seeking third party ore. The Cobar superbasin has recently seen a number of significant new discoveries (eg Federation, Achilles, Mallee Bull, Southern Nights and Wagga Tank) and significant corporate activity (eg Harmony's A$1.6 billion offer for MAC, Kingston Resources recently receiving A$50 million cash for the first tranche of its divestment of its Misima project etc). The project and regional profiles' support the Condobolin project being an asset that a junior explorer such as Kincora can add significant value too.By having a significant portfolio of partner funded large porphyry projects, and a very focused program on a 100% owned project, the Company is seeking to position Kincora as a leading institutional grade explorer in the public Australian and Canadian markets, and the leading project generator on the ASX.To learn more, please visit: www.kincoracopper.com.References:1 Kincora press release Apr 14, 2025, "Second Major Earn-in Secured with AngloGold Ashanti."2 Open file annual report for former EL6337 by Newcrest Mining 2008.3 September 2024 report by John Holliday,"Review of Old Newcrest Holes ACDNYs 5, 6 and 7 Drilled into Kincora's ELs Nevertire South and Nevertire." 4 Kincora press release May 28, 2024, "AngloGold Ashanti to earn-in to the NJNB Project."5 Kincora press release Feb 13, 2025, "Encouraging results expands Kincora Copper and AngloGold Ashanti's First Drilling Program."6 Ocean Blue Equities Oct 8, 2024 initiation research report on Waratah Minerals with the addition of Newmont's earn-in and joint venture agreements with Koonenberry Gold (ASX: KNB) for the:(a) Junee porphyry project (A$23.9m of expenditure to date, ex the Jan 2025 drilling with Koonenberry Gold carried until commercial production); and,(b) Fairholme porphyry project (Koonenberry carried until A$15m of exploration expenditure, with A$1.14m spent to date, ex the Jan 2025 drilling program).7 Public data, including the resource growth at the Cowal project since Evolution Mining's acquisition driven by the Dalwhinnie underground discovery and the discovery/resource growth of the Boda and Kaiser deposits by Alkane Resources.8 Waratah Minerals' Aug 4, 2025 release "Multiple zones of high-grade gold mineralisation extend Spur Gold Corridor".9 Includes AngloGold Ashanti funded exploration with Kincora and Inflection as at Dec 31, 2024, including Phase 1 and Phase 2 expenditures with Inflection (refer to the Mar 3, 2025 "MD&A" for the quarter ended Dec 2024) and Inflection Resources (ticker "AUCU.CSE") as at COB August 22nd, 2025.10 Inflection Resources' Mar 25, 2025 release "AngloGold Ashanti Designates Four Inflection Resources Projects for Phase II of Exploration Earn-in Agreement".11 Refer to NGEx Mineral's presentation July 2024 for further details.12 ">A$10 billion market value": includes values for Filo Corp & Josemaria based on the Jul 29, 2024 transaction values from Lundin Mining & BHP (see public market releases, "Lundin Mining and BHP to Acquire Filo and Form a 50/50 Joint Venture to Progress the Filo del Sol and Josemaria Projects") and May 30th, 2025 market capitalisation of NGEx Minerals.13 Over $110 million of potential partner funding for eight earlier stage and/or non-core projects via 6 deals and four partners, with over 13,500 metres of drilling and over A$6.5m of partner funded exploration since late 2024 includes:(a) The original up to A$50m earn-in & JV agreement with AngloGold Ashanti for the Nyngan & Nevertire projects and the amended agreement to include the Nyngan South, Nevertire South and Mulla projects including another up to A$50m earn-in & JV: refer May 28, 2024 release "AngloGold Ashanti to earn-in to the NJNB Project" and Apr 14, 2025, "Second Major Earn-in Secured with AngloGold Ashanti" (estimated budget approximately $4m, incl. 8,467m drilling, Kincora currently the project manager receiving a 10% fee of expenditure). For more information on AngloGold Ashanti please visit their website at www.anglogoldashanti.com.(b) Fleet Space Technologies (which in December 2024 raised $150m in a Series D financing) partnership under R&D Grant for geophysical surveys at Nyngan: refer Jul 25, 2024 release "ANT and Gravity Geophysical Surveys at the Nyngan Project" (estimated budget approximately $500k). For more information on Fleet Space please visit their website at https://www.fleetspace.com.(c) Fleet Space partnership for the Wongarbon project: refer Oct 16, 2024 release "Kincora announces Strategic Investment & Expanded Partnership with Fleet Space" (Fleet Space is to conduct ANT & gravity surveys with the right to fund >2000m of drilling for an earn-in/JV. Estimated budget for ANT & gravity surveys $600k, follow up drilling >$0.5m).(d) Exploration Alliance partner Earth AI (which in January 2025 raised US$20m in a Series B financing) drilling commenced at the Cundumbul project: refer May 20, 2024 release "Artificial Intelligence Partner Drilling New Copper Targets at the Cundumbul Project" (Earth AI has the right to right to spend up to $4.5m at Cundumbul and earn an NSR upon a "qualifying interval". Estimated budget to date >$850k, incl. 5 completed holes for >2500m with a VTEM geophysical survey recently completed and analysis ongoing). For more information on Earth AI please visit their website at https://earth-ai.com/.(e) Orbminco Ltd (ASX: OB1 - formerly Woomera Mining) agreement for Kincora's Mongolian assets: refer Aug 12, 2024 release "Kincora secures funded, successful and motivated partner for Mongolian assets" & subsequent Orbminco exploration and quarterly account releases, incl. drilling results & technical details/disclaimers. Orbminco has the right to spend US$4m for an 80% interest in the Mongolian subsidiaries with Kincora free carry also to Final Investment Decision (FID) or a cash payment + NSR acquisition right for 100% interest. Orbminco consideration shares to Kincora $450k (issue price). Estimated budget to date >$1.3m incl. 2516m of drilling, 2025 field season mapping/soil/rock chip sampling plus ground gravity and magnetic surveys at the wider West Kasulu target and Shuteen North target, and, planning for imminent submission of second mining license application (for the western exploration license). For more information on Orbminco please visit the ASX website (ticker "OB1") or their homepage https://www.orbminco.com.au.This announcement has been authorised for release by the Board of Kincora Copper Limited (ARBN 645 457 763)For further information please contact: Sam Spring, President and Chief Executive Officer sam.spring@kincoracopper.com or +61431 329 345Executive officeSubsidiary office Australia 400 - 837 West Hastings Street C/- JM Corporate Services Vancouver, BC V6C 3N6, Canada Level 6, 350 Collins Street Tel: 1.604.283.1722 Melbourne, VIC, Australia 3000 Qualified PersonThe scientific and technical information in this announcement 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 staff under the supervision of Peter Leaman (M.Sc. Mineral Exploration, FAusIMM), Senior Vice-President of Exploration of Kincora, and John Holliday (BSc Hons, BEc, member of the Australian Institute of Geoscientists), Non-Executive Director and Chairman of Kincora's Technical Committee, who are Qualified Persons for the purpose of NI 43-101JORC Competent Person StatementInformation in this announcement that relates to Exploration Results, Mineral Resources or Ore Reserves are those that have been previously reported (with the original release referred to in this announcement), in the case of Mineral Resources or Ore Reserves the material assumptions and technical parameters underpinning the estimates have not materially changed, and have been reviewed and approved by John Holliday and Peter Leaman, who are Competent Persons under the definition established by JORC and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. John Holliday and Peter Leaman consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. The review and verification process for the information disclosed herein for the Nyngan Projects have included the receipt of all material exploration data, results and sampling procedures of previous operators and review of such information by Kincora's geological staff using standard verification procedures.Forward-Looking StatementsCertain information regarding Kincora contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although Kincora believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Kincora cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what Kincora currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and is subject to change after that date. Kincora does not assume the obligation to revise or update these forward-looking statements, except as may be required under applicable securities laws.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the Australian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.JORC TABLE 1 Section 1 Sampling Techniques and Data(Criteria in this section apply to all succeeding sections).CriteriaJORC Code explanationCommentarySampling techniquesNature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.Aspects of the determination of mineralisation that are Material to the Public Report.In cases where 'industry standard' work has been done this would be relatively simple (e.g. 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed informationKincora Copper Limited ("Kincora") is the operator of the Nyngan Project (EL8929) and Nervertire South Project (EL9710) undertaking exploration in partnership with AngloGold Ashanti under an earn-in and joint venture agreement.Drill hole planning, targeting, sampling and budgeting is discussed and agreed at quarterly technical committee workshops between Kincora and AngloGold Ashanti.Current scout and step out drilling utilises mud-rotary to refusal followed by diamond coring methods by Ophir Drilling Pty Ltd (based in Orange) from which sub-samples of core are taken over 2 m intervals and pulverised to produce suitable aliquots for fire assay and ICP-MS.Diamond drilling was used to obtain core samples from the ground, which was then structurally, geotechnically and geologically logged.Some sample intervals spanning lithological contacts or changes in alteration and mineralization were less than 2m.Sampling was completed to industry standards with 1⁄4 core for PQ and HQ diameter diamond core and 1⁄2 core for NQ3 diameter diamond core sent to the lab for each sample interval.Samples were assayed via the following methods:- Gold: Au-Tl43 (Fire assay)- Multiple elements: ME-MS61 (4 acid digestion with ICP-MS analysis of 48 elements)- Assay results >10g/t gold and/or 1% copper are re-assayed- Hyperspectral: analysis of alteration minerals using Terraspec instrument and HYP-PKGAll of the diamond core from the 2024/25 drilling of nineteen holes from the Nyngan Project have been cut and submitted to Australian Laboratory Services Pty Ltd (ALS) in Orange, with assays returned for all holes. The initial holes from the Nevertire South are currently being logged and prepared for sampling and samples from one hole have been submitted to ALS for analysis.Multiple batches of core samples for petrological descriptions and confirmation of the lithologies, alteration assemblages, textures and paragenesis have being submitted where appropriate for drilling at Nyngan, such samples are proposed but pending for the ongoing drilling at Nevertire South (but noting certain such samples are available from prior explorer drilling at Nevertire South).Various quarter core samples have been submitted for U-Pb age dating of the zircon, titanite or apatite grains seeking to confirm Macquarie Arc date ranges for drilling at Nyngan, such samples are proposed but pending for the ongoing drilling at Nevertire South (but noting certain such samples are available from prior explorer drilling at Nevertire South).A suite of coherent (volcanic and intrusive) rocks have been chosen for lithogeochemistry with extensive fertility analysis undertaken, such samples are proposed but pending for the ongoing drilling at Nevertire South (but noting certain such samples are available from prior explorer drilling at Nevertire South).Select existing pulps maybe be re-run as Li borate fusion discs to obtain more accurate trace element concentrations.Historic sampling on other projects included soils, rock chips and drilling (aircore, reserve circulation and diamond core) with mutli-element assay results petrological, geochromology, fertility and amongst others depending on the returned geology and nature of exploration target.Drilling techniquesDrill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.).Drilling by Kincora at Nyngan and Nevertire South has used cost effective mud-rotary in the cover sequence rocks and diamond core drilling in the basement rocks with NQ triple tube diameter diamond core tail. This technique is proving time and cost effective to gain initial samples of basement across separate magnetic complexes and key lithological domains.Historic drilling on other Kincora projects has used a variety of methods including aircore, reverse circulation and diamond core.Drill sample recoveryMethod of recording and assessing core and chip sample recoveries and results assessed.Measures taken to maximise sample recovery and ensure representative nature of the samples.Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.Drill core recovery was logged.Diamond drill core recoveries are contained in the body of the announcement - see Table 3.Core recoveries were recorded by measuring the total length of recovered core expressed as a proportion of the drilled run length.There is no relationship between core recoveries and grades.LoggingWhether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography.The total length and percentage of the relevant intersections logged.All holes are geologically logged for their entire length including lithology, alteration, mineralization (sulphides and oxides), veining and structure.Logging is mostly qualitative in nature, with some visual estimation of mineral proportions that is semi-quantitative. Measurements are taken on structures where core is orientated.All core is photographed wet and dryHistoric drilling was logged with logging mostly recorded on paper in reports lodged with the NSW State.Sub-sampling techniques and sample preparationIf core, whether cut or sawn and whether quarter, half or all core taken.If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry.For all sample types, the nature, quality and appropriateness of the sample preparation technique.Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.Whether sample sizes are appropriate to the grain size of the material being sampled.Once all standardised processing of photography and geological information was extracted from the drill core, the sample intervals were cut with an automatic core saw, bagged and delivered to the laboratory.This is an appropriate sampling technique for this style of mineralization and is the industry standard for sampling of diamond drill core.PQ and HQ sub-samples are quarter cored and NQ half cored.Sample sizes are considered appropriate the nature of lithology and mineralization being sampled.No duplicate samples were taken.Quality of assay data and laboratory testsThe nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.Gold was determined by fire assay and a suite of other elements including Cu and Mo by 4-acid digest with ICP-MS finish at ALS laboratories in Orange.For all holes, every 20th sample was either a commercially supplied pulp standard or pulp blank Certified Reference Material. Results of the Certified Reference Materials provide confidence in the accuracy of the analyses returned from ALS.ALS provides its own quality controls including laboratory duplicates and blanks as part of its routine procedures and provides these results to Kincora.Historic assays on other projects were mostly gold by fire assay and other elements by ICPMS.Verification of sampling and assayingThe verification of significant intersections by either independent or alternative company personnel.The use of twinned holes.Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.Discuss any adjustment to assay data.Significant intercepts were calculated by Kincora's geological staff.No twinned holes have been completed.The intercepts have not been verified by independent personnel, other than during quarterly reviews by AngloGold Ashanti, and, specialist consultants on an ad hoc basis.Logging data is captured digitally on electronic logging tablets and sampling data is captured on paper logs and transcribed to an electronic format into a relational master online database maintained by Kincora. Transcribed data is verified by the logging geologist.Assay data is received from the laboratory in electronic format and uploaded to the master database. Digital copies of Certificates of Analysis are stored in the master online database.No adjustments to assay data have been made.Outstanding assays are outlined in the body of the announcement.Location of data pointsAccuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.Specification of the grid system used.Quality and adequacy of topographic control.Collar positions are set up using a hand-held GPS to less than 5 m horizontal and vertical accuracy.Drillholes are surveyed downhole every 30 m using an electronic gyro instrument and when drillholes terminated a single shot is taken.For NYDD002 and NYDD003, a single shot gyro survey was taken every 12m while pulling out of the hole.Grid system used is the Map Grid of Australia Zone 55, GDA 94 datum.Topography in the area of Nyngan is near-flat and drill collar elevations provide adequate control.Data spacing and distributionData spacing for reporting of Exploration Results.Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.Whether sample compositing has been applied.Kincora scout drilling at then Nyngan and Nevertire projects are at an early stage, undertaking a wide spaced initial scout drilling programme seeking to determine depth to basement and provide maiden samples of basement geology across separate magnetic complexes and key lithological domains to provide wide spatial coverage within the Gerar (formerly South-West) and Ace of Spades targets.Data spacing at this stage is insufficient to establish the continuity required for sections or a Mineral Resource estimate.No sample compositing was applied to Kincora drilling.Kincora step out drilling at the Nevertire South project is currently very broad spaced - between 600m to 1200m.Historic drilling on Nyngan and other projects was completed at various drill hole spacings and no other projects have spacing sufficient to establish a mineral resource.Orientation of data in relation to geological structureWhether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.The drill holes are either vertical for depth penetration or steeply angled toward geophysical targets.At this stage of drilling the orientation of any mineralized structures or mineralized intercepts has not yet been determined.Sample securityThe measures taken to ensure sample security.Kincora staff or their contractors oversaw all stages of drill core sampling. Bagged samples were placed inside polyweave sacks that were zip-tied, stored in a locked container and then transported to the laboratory by Kincora field personnel.Audits or reviewsThe results of any audits or reviews of sampling techniques and data.Mining Associates has completed an review of sampling techniques and procedures undertaken by Kincora at the Trundle Project dated January 31st, 2021, as outlined in the Independent Technical Report included in the ASX listing prospectus, which is available at:https://www.kincoracopper.com/investors/asx-prospectusKincora has continued to follow similar sampling techniques, systems and controls.Regular site visits are undertaken by Kincora's asset level partner, AngloGold Ashanti, with quarterly technical committee workshops reviewing all aspects of the programme. Section 2 Reporting of Exploration Results(Criteria listed in the preceding section also apply to this section.)CriteriaJORC Code explanationCommentaryMineral tenement and land tenure statusType, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.On May 28, 2024, Kincora announced a multi-phase Earn-In and Joint Venture Arrangement with a wholly owned subsidiary of AngloGold Ashanti Plc for the Northern Junee-Narromine Belt (NJNB) Project, including EL8929.EL8929 (the Nyngan Project) is wholly owned by Kincora.On March 18, 2024, a three-year extension was granted to Kincora for EL8929 until January 2027.The licence is in good standing and there are no known impediments to obtaining a licence to operate.22 Assessable Prospecting Operation (APO) approvals for drilling are in place, enabling 22 drill holes with 15 holes having already been completed (rehabilitation reports submitted for 14). Currently one further new APO is pending.Land access agreements are in place to execute the proposed ongoing scout drilling programme.On April 14, Kincora and AngloGold Ashanti signed a major amendment to the existing earn-in and joint venture agreement for a second joint venture in the Northern Junee-Narromine Belt including the Nyngan South (EL9708), Nevertire South (EL9710) and Mulla (EL9320) licenses.EL9710 (the Nevertire South Project) is wholly owned by Kincora.On October 23, 2024, Kincora was awarded Exploration License Application No 6780 and EL9710 was granted with a four-year term until October 2028.The licence is in good standing and there are no known impediments to obtaining a licence to operate.7 Assessable Prospecting Operation (APO) approvals for drilling are in place, enabling 7 drill holes.Land access agreements are in place to execute the proposed ongoing scout drilling programme.Exploration done by other partiesAcknowledgment and appraisal of exploration by other parties.All Kincora projects have had previous exploration work undertaken, albeit relatively limited prior drilling at the Nyngan Project and Nevertire South Project.The review and verification process for the information disclosed herein and of other parties for the Nyngan Project and Nevertire South has included the receipt of all material exploration data, results and sampling procedures of previous operators and review of such information by Kincora's geological staff using standard verification procedures. Further details of exploration efforts and data of other parties are providing in the March 1st, 2021, Independent Technical Report included in the ASX listing prospectus, which is available at: https://www.kincoracopper.com/investors/asx-prospectusGeologyDeposit type, geological setting and style of mineralisation.The Nyngan Project and Nevertire South Project are interpreted to be located in the undercover northern extension of the Junee-Narromine Belt of the Macquarie Arc, part of the Lachlan Orogen.Targeted rocks comprise successions of volcano-sedimentary rocks of Ordovician age intruded by suites of subduction arc-related intermediate to felsic intrusions of late Ordovician to early Silurian age.Kincora is exploring for porphyry-style copper and gold mineralization, copper-gold skarn plus related high sulphidation and epithermal gold systems.Drill hole InformationA summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:easting and northing of the drill hole collarelevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collardip and azimuth of the holedown hole length and interception depthhole length.If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.Detailed information on Kincora's drilling at Nyngan and Nevertire South are given in the body and Tables of this report.Data aggregation methodsIn reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated.Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.The assumptions used for any reporting of metal equivalent values should be clearly stated.For Kincora drilling at Nyngan and Nevertire South have followed these methods:Porphyry gold-copper intercepts were aggregated using a cut-off grade of 200ppm copper.Internal dilution below cut off included was generally less than 25% of the total reported intersection length.Core loss was included as dilution at zero values.Average gold and copper grades calculated as averages weighted to sample lengths.Historic drilling results in other project areas are reported at different cut-off grades depending on the nature of mineralisation.Relationship between mineralisation widths and intercept lengthsThese relationships are particularly important in the reporting of Exploration Results.If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known').Due to the uncertainty of mineralization orientation, the true width of mineralization is not known at Nyngan and Nevertire South.Intercepts from historic drilling reported at other projects are also of unknown true width.DiagramsAppropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.Relevant diagrams and tables are included in the body of the report noting that the current phase of drilling at Nyngan includes scout holes to basement geology across separate magnetic complexes and key lithological domains hosted within two separate and previously untested Macquarie Arc volcano-intrusive complexes (the Ace of Spaces and Gerar (the latter formerly known as the South-West target)).Due to the very board nature and extensive regional coverage of the program the Company has not provide sectional views of the current scout-drilling phase (as required under Clause 19 of the JORC Code). Such sections are anticipated upon commencement of a Phase 2 follow up step out phase of drilling.Section views are anticipated upon completion of the current step-out phase of drilling at the Nevertire South Project.Balanced reportingWhere comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.Intercepts reported for Kincora's drilling at Nyngan are zones of higher grade within unmineralized or weakly anomalous material.No new assay results are yet available for drilling at Nevertire South.Other substantive exploration dataOther exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.No other exploration data is considered material to the reporting of results at Nyngan and Nevertire South. Other data of interest to further exploration targeting is included in the body of the report.Historic exploration data coverage and results are included in the body of the report for Kincora's other projects.Further workThe nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling).Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.Areas within the Gerar and Ace of Spades targets at the Nyngan Project have been chosen for a continuation of the scout drilling during 2025, seeking to provide further wide special coverage of interpreted intrusive complexes. Existing and new APOs are in place for the current scout drilling phase - see Figures 2 & 3 above.Coupled with more detailed geoscientific studies, including petrology, lithogeochemistry and geochronology, the continuation of the scout drilling programme assist with specific vectoring and a proposed second phase follow-up diamond drilling programmes that are expected towards the end of 2025 after drilling at the Nevertire and Nevertire South projects. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263878 Copyright 2025 ACN Newswire via SeaPRwire.com.