Board Change • Jan 02
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Scott Huffadine was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Nov 25
Kingfisher Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.3343 million. Kingfisher Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.3343 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,305,435
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,052,066
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Features: Attached Options
Transaction Features: Rights Offering New Risk • Sep 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 60% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$5.16m market cap, or US$3.37m). Annuncio • Aug 27
Kingfisher Mining Limited, Annual General Meeting, Oct 13, 2025 Kingfisher Mining Limited, Annual General Meeting, Oct 13, 2025. Annuncio • Aug 06
Kingfisher Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.52 million. Kingfisher Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.52 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,000,000
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Apr 04
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Scott Huffadine was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Feb 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.0m free cash flow). Earnings have declined by 37% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$2.26m market cap, or US$1.43m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). New Risk • Oct 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.0m free cash flow). Earnings have declined by 37% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$4.03m market cap, or US$2.78m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Annuncio • Aug 22
Kingfisher Mining Limited, Annual General Meeting, Oct 17, 2024 Kingfisher Mining Limited, Annual General Meeting, Oct 17, 2024. Annuncio • May 29
Kingfisher Mining Limited Announces Board and Management Changes Kingfisher Mining Limited advised Mr. James Farrell has tendered his resignation as Executive Director effective immediately with his last day with the Company being the 27 June 2024. Mr. Stephen Brockhurst will be appointed to the Board as Non-Executive Director. The Board would like to acknowledge Mr. Farrell's efforts in leading the Company since its IPO, with a number of new REE discoveries being made on the Company's Gascoyne tenure. Mr. Stephen Brockhurst currently holds the position of Company Secretary for Kingfisher Mining Limited. Mr. Brockhurst has over 20 years' experience in the finance and corporate advisory industry and has been responsible for a number of IPO's. Mr. Brockhurst is currently a director of Locksley Resources Limited and Company Secretary of several ASX listed companies. The Board will continue to oversee the Company's activities with the on ground exploration efforts capably led by the Company's Exploration Manager, Matthew Roach. Annuncio • Feb 06
Black Cat (Paulsens) Pty Ltd completed the acquisition of Five tenements in Ashburton Basin from Kingfisher Mining Limited (ASX:KFM). Black Cat (Paulsens) Pty Ltd entered into binding heads of agreement to acquire Five tenements in Ashburton Basin from Kingfisher Mining Limited (ASX:KFM) on December 4, 2023. The transaction is expected to close in January 2024.Black Cat (Paulsens) Pty Ltd completed the acquisition of Five tenements in Ashburton Basin from Kingfisher Mining Limited (ASX:KFM) on February 6, 2024. New Risk • Nov 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.2m free cash flow). Earnings have declined by 49% per year over the past 5 years. Revenue is less than US$1m (AU$67k revenue, or US$43k). Market cap is less than US$10m (AU$10.2m market cap, or US$6.60m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). New Risk • Sep 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.2m free cash flow). Earnings have declined by 49% per year over the past 5 years. Revenue is less than US$1m (AU$67k revenue, or US$43k). Market cap is less than US$10m (AU$9.67m market cap, or US$6.16m). Minor Risk Shareholders have been diluted in the past year (2.8% increase in shares outstanding). New Risk • Sep 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 49% per year over the past 5 years. Revenue is less than US$1m (AU$16k revenue, or US$10k). Market cap is less than US$10m (AU$9.94m market cap, or US$6.40m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Annuncio • Sep 19
Kingfisher Mining Limited, Annual General Meeting, Nov 13, 2023 Kingfisher Mining Limited, Annual General Meeting, Nov 13, 2023. Agenda: To consider the election of Directors. New Risk • Sep 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 49% per year over the past 5 years. Revenue is less than US$1m (AU$16k revenue, or US$10k). Market cap is less than US$10m (AU$10.7m market cap, or US$6.85m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). New Risk • Aug 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$12.9m (US$8.46m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 49% per year over the past 5 years. Revenue is less than US$1m (AU$16k revenue, or US$11k). Market cap is less than US$10m (AU$12.9m market cap, or US$8.46m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). New Risk • Jun 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 49% per year over the past 5 years. Revenue is less than US$1m (AU$16k revenue, or US$11k). Market cap is less than US$10m (AU$13.2m market cap, or US$8.84m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Annuncio • Feb 07
Kingfisher Mining Limited Announces the Drill Results from MW2 At its 100% Owned Projects in the Gascoyne Mineral Field in Western Australia Kingfisher Mining Limited announced the drill results from MW2 at its 100% owned projects in the Gascoyne Mineral Field in Western Australia. The results confirm the discovery of new high grade continuous REE mineralisation at MW2. MW2 Drilling Results: The latest drilling program at MW2 was designed to target REE mineralisation identified by the Company from its on- going surface mapping and sampling. The mineralisation targeted in the current program is located 500m northwest of Kingfisher's initial discovery drilling in the MW2 area, where previously reported high grade results have included 5m at 3.45% TREO, including 3m at 5.21% TREO as well as 12m at 1.12% TREO, with 4m at 1.84% TREO. The drilling at MW2 was completed in November and December 2022, with the program concluding with 37 drill holes for approximately 4,225m. All of the assay results from the latest drilling have now been received, with numerous significant results confirming the discovery of new high grade REE mineralisation at MW2. Significant results include: MWRC067: 5m at 2.63% TREO and 0.54% Nd2O3 + Pr6O11 from 124m, including 3m at 4.11% TREO and 0.85% Nd2O3 + Pr6O11 from 124m. The interval also Includes 1m at 6.70% TREO and 1.39% Nd2O3 + Pr6O11 from 125m. MWRC035: 4m at 3.24% TREO and 0.54% Nd2O3 + Pr6O11 from 46m. The interval also Includes 1m at 5.25% TREO and 0.84% Nd2O3 + Pr6O11 from 47m. MWRC068: 5m at 1.54% TREO and 0.30% Nd2O3 + Pr6O11 from 75m, including 1m at 4.42% TREO and 0.84% Nd2O3 + Pr6O11 from 77m. MWRC059: 4m at 1.90% TREO and 0.34% Nd2O3 + Pr6O11 from 65m, including 3m at 2.42% TREO and 0.43% Nd2O3 + Pr6O11 from 65m. MWRC033: 3m at 2.52% TREO and 0.41% Nd2O3 + Pr6O11 from 46m. The interval also Includes 1m at 5.38% TREO and 0.88% Nd2O3 + Pr6O11 from 46m. MWRC067: 6m at 0.98% TREO and 0.17% Nd2O3 + Pr6O11 from 89m, including 1m at 2.10% TREO and 0.36% Nd2O3 + Pr6O11 from 89m. MWRC049: 9m at 0.66% TREO and 0.11% Nd2O3 + Pr6O11 from 38m, including 1m at 2.22% TREO and 0.34% Nd2O3 + Pr6O11 from 44m. MWRC063: 8m at 0.56% TREO and 0.10% Nd2O3 + Pr6O11 from 32m, including 1m at 2.25% TREO and 0.41% Nd2O3 + Pr6O11 from 38m. MWRC041: 4m at 1.07% TREO and 0.17% Nd2O3 + Pr6O11 from 93m, including 1m at 2.03% TREO and 0.33% Nd2O3 + Pr6O11 from 94m. MWRC048: 5m at 0.83% TREO and 0.14% Nd2O3 + Pr6O11 from 104m. MWRC054: 6m at 0.62% TREO and 0.11% Nd2O3 + Pr6O11 from 88m. MWRC037: 4m at 0.93% TREO and 0.17% Nd2O3 + Pr6O11 from 36m. MWRC037: 5m at 0.74% TREO and 0.13% Nd2O3 + Pr6O11 from 69m, including 1m at 2.31% TREO and 0.4% Nd2O3 + Pr6O11 from 70m. MWRC056: 3m at 1.22% TREO and 0.20% Nd2O3 + Pr6O11 from 50m. MWRC034: 4m at 0.85% TREO and 0.15% Nd2O3 + Pr6O11 from 12m. MWRC062: 1m at 3.34% TREO and 0.71% Nd2O3 + Pr6O11 from 108m. MWRC039: 4m at 0.76% TREO and 0.13% Nd2O3 + Pr6O11 from 16m. MWRC060: 2m at 1.51% TREO and 0.30% Nd2O3 + Pr6O11 from 103m, including 1m at 2.73% TREO and 0.54% Nd2O3 + Pr6 O11 from 103m. The intersections from MW2 are comparable to results reported by Hastings Technology Metals from the Bald Hill deposit which makes up over half of the mineral resources of Hasting's world-class Yangibana Project. The MW2 mineralisation occurs in five separate lodes, with high REE grades distributed across the entire strike length of the mineralisation drilled in the current program. The high grade REE mineralisation outcrops at surface, with the deepest mineralisation so far being intersected at a vertical depth of approximately 115m. In addition, the highest grade mineralisation remains open along strike and at depth. The mineralisation also consists dominantly of monazite, an important host globally for the magnet REEs, neodymium and praseodymium and is also low in thorium, with thorium typically being less than 200ppm for the reported mineralisation intervals. The mineralisation occurs within very broad zones of well-developed fenite alteration, the alteration is specifically associated with the intrusion of carbonatites. The scale and intensity of the fenite alteration is highly encouraging from an exploration perspective, providing evidence of the presence of a large-scale mineral system within the Company's 54km long Chalba target corridor. The fenites also have highly anomalous REEs, with drill hole MWRC037 intersecting 62m at 0.29% TREO. MW2 On-going Exploration: The latest MW2 drilling program builds on the Company's developing geological understanding of the REE mineralisation at Mick Well and along the entire length of the Company's 54km Chalba REE mineralisation corridor. The mineralisation intersected in drilling at MW2 occurs dominantly as veins within faults and shears. The Company interprets the source of the vein mineralisation to be the intrusion of carbonatite pipes or plugs; an interpretation that is consistent with the carbonatite mineralisation exploration model. 2022 Gascoyne Exploration Program: Kingfisher carried out extensive and targeted exploration programs for its projects during 2022. The Company's exploration work is cost-effective and is aiming to develop and test drill targets from ground-based mapping and rock sampling. The Company is also simultaneously developing a pipeline of exploration opportunities at its Gascoyne REE projects through integrating tenement-scale airborne geophysical surveys with geological knowledge from the Company's breakthrough discovery at Mick Well. The geophysical survey from the 54km Chalba corridor is an important part of this generative work. Planning is well advanced for the Company's exploration activities for 2023 at its Gascoyne projects. It is envisaged the 2023 exploration activities will include drilling at MW2, MW7, MW8 as well as substantial project generation work at KF3 as well as the CH1 to CH10 targets along the 54km Chalba target corridor and the LK1 to LK7 targets along the 30km Lockier target corridor. The 2023 exploration activities are also likely to include airborne geophysics across the Mooloo project. The Company's exploration plans for 2023 will be announced shortly. Annuncio • Jan 24
Kingfisher Mining Limited Receives New Rock Chip Results from the High Grade Ree Mineralisation Kingfisher Mining Limited announced that it has received new rock chip results from the high grade REE mineralisation discoveries at its 100% owned projects in the Gascoyne Mineral Field in Western Australia, further expanding the mineralisation strike at MW2 and MW7 and discovering further high grade mineralisation at the Kingfisher Prospect approximately 15km east of MW2. High grade REE mineralisation has been discovered at the new KF3 target, with a single sample consisting dominantly of monazite returning 32.16% TREO with 5.25% Nd2O3 + Pr6O11. The sample was collected as part of the Company's regional geological mapping and is associated with a distinct magnetic feature and a broad area of fenite alteration (the alteration associated with the intrusion of carbonatites) that extends over a strike of 5km and is more than 500m in width. Follow-up mapping focused on delineating the mineralisation will be completed as a high priority when fieldwork recommences this Quarter. On-going mapping at MW2 has led to the discovery of additional high grade outcropping monazite-rich mineralisation. The newly identified mineralisation lies along strike from the mineralisation in a 300m wide zone targeted by recent drilling, with the latest mapping extending the strike of the zone by 500m to be more than 2km. New high grade results from the strike extensions to MW2 include: Geological mapping has identified two additional monazite-bearing lodes at MW7, increasing the cumulative strike length of the outcrop at the target by 500m to more than 1500m. The latest results from rock chip sampling of the high grade mineralisation at MW7 include: 14.60% TREO with 2.41% Nd2O3 + Pr6O11 (MWGS1443), 12.10% TREO with 2.04% Nd2O3 + Pr6O11 (MWGS1445), 11.68% TREO with 1.83% Nd2O3 + Pr6O11 (MWGS1587), 9.59% TREO with 1.62% Nd2O3 + Pr6O11 (MWGS1448), 6.79% TREO with 1.14% Nd2O3 + Pr6O11 (MWGS1526), 5.66% TREO with 0.95% Nd2O3 + Pr6O11 (MWGS1585), 5.09% TREO with 0.95% Nd2O3 + Pr6O11 (MWGS1447), 2.81% TREO with 0.45% Nd2O3 + Pr6O11 (MWGS1586). MW7 is now drill ready, and design work is already underway for the maiden drilling program at the prospect which is expected to commence in mid-April 2023. The current mapping and rock chipping work is targeting a large number of laterally-extensive high priority targets in a broad area that extends 10km west-northwest from MW2 (Figure 3). The targets in this area are also associated withcarbonatite complexes as well as high thorium and magnetic responses - similar to what is seen from the newly identified outcropping mineralisation at MW2. Significantly, all of these targets within this 10km long area also lie within Kingfisher's target corridor, the Chalba Shear Zone, which extends for 54km across the Company's Gascoyne tenure. Annuncio • Jan 19
Kingfisher Mining Limited Announces Large-Scale REE Targets Identified at Arthur River Kingfisher Mining Limited announced that it has received the results from its recent tenement-scale magnetics and radiometrics airborne geophysics surveys at its 100% owned Lockier shear projects in the Gascoyne Mineral Field in Western Australia. The latest results are from the Arthur River project area, which is located 30km southwest of Mick Well, where a significant amount of geophysical targets have also been identified and geological mapping has delineated strike lengths of more than 5km of outcropping high grade Rare Earth Elements (REE) mineralisation and where drilling has returned results of 5m at 3.45% TREO (Total Rare Earth Oxides), including 3m at 5.21% TREO at MW2. Airborne geophysics are highly effective tools for the identification of carbonatite intrusions and associated mineralisation. The carbonatite intrusion model has a central carbonatite pipe which is comprised of multiple phases of carbonatite intrusion that is surrounded by ring dykes which form around and radial dykes which radiate out from the central intrusion. The carbonatite exploration model envisages alteration of the host country rock into which the carbonatites intrude, with development of Sodic (Na) and Potassic (K) fenites around the intrusions which often hosts the REE mineralisation. Each part of the carbonatite system has characteristics which can be detected by geophysics, for example: Thorium associated with the REE mineralisation is apparent in the radiometrics. Potassium fenites, the alteration which forms around carbonatites intrusions, is also apparent in the radiometrics. Ferrocarbonatites have high iron content and can appear as magnetic highs in the geophysics. Aster can detect various minerals and elements, including carbonates, ferrous and ferric iron as well as alumina and magnesium and can assist with of carbonatites and associated alteration. The combination of these geophysical responses to the carbonatite geology make it a very powerful combination of tools for early stage targeting and project generation. Including the very large (approximately 9km) target area, there are seven large-scale high priority target areas that have been identified from the interpretation of the geophysics surveys, with each target selected from a combination of magnetic, potassium and thorium features. Tens of other smaller circular features have also been identified in the magnetic data; each of these high magnetic features, particularly where clustered or where co-located with high thorium responses are of interest to the Company for future project generation work. All of the prioritised targets cover a substantial area, with the smallest LK3 being more than 2.2km long and 1km wide. The largest target, LK1, is particularly significant, and is more than 9km long and more than 6.5km wide. LK1 is also comprised of multiple circular features which are defined by the magnetics and thorium, with the ring-shaped thorium feature having a diameter of 1.7km. High priority targets LK1, LK2, LK3, LK4 and LK7 have already been selected for surface mapping and sampling due to the presence of interpreted carbonates and circular or oval-shaped features which are indicative of intrusion pipes. The identification of the targets from geophysics is an important early part of the discovery process, with all of the targets to be ranked and included in the Company's project generation activities in 2023 and beyond. The targets identified from the recently completed geophysics surveys have extended the Company's target corridor along the Lockier Shear Zone by 12km to a total strike length of 30km. This builds significantly on the previously announced strike length of 18km at the Mooloo Project for the Lockier target corridor; a zone which is located approximately 20km south of the parallel Chalba target corridor. Gascoyne Exploration Program: Kingfisher carried out extensive and targeted exploration programs for its Gascoyne projects during 2022. The Company's exploration work is cost-effective and is aiming to develop and test drill targets from ground-based mapping and rock sampling. The Company is also simultaneously developing a pipeline of exploration opportunities through integrating tenement-scale airborne geophysical surveys with geological knowledge from the Company's breakthrough REE discovery at Mick Well. The geophysical survey from the 54km Chalba corridor is an important part of this generative work. Planning is well advanced for the Company's exploration activities for 2023 at its Gascoyne projects. It is envisaged the 2023 exploration activities will include drilling at MW2, MW7, MW8 as well as substantial project generation work at the CH1 to CH10 targets along the 54km Chalba target corridor and the LK1 to LK7 targets along the 30km Lockier target corridor. The 2023 exploration activities are also likely to include airborne geophysics across the Mooloo project. The Company's exploration plans for 2023 will be announced shortly. Annuncio • Jan 11
Kingfisher Mining Limited Provides an Update on Gascoyne Mineral Field in Western Australia Kingfisher Mining Limited announced that it has received the results from its recent tenement-scale magnetics and radiometrics airborne geophysics surveys at its 100% owned projects in the Gascoyne Mineral Field in Western Australia. Numerous high-quality targets have been revealed across the survey area, which covered the Company's 54km target corridor. The survey adds another leg in discovery journey which has led to the identification of numerous additional potential carbonatite intrusions along the 54km Chalba mineralised corridor. This is an enormously encouraging early development in the project generation, expanding footprint beyond the Mick Well area, where the company made first breakthrough high grade REE discovery only 12 months ago. All of the selected targets have geophysical responses similar to Mick Well, where the company have so far identified more than 5km of outcropping high grade REE mineralisation strike, delineated by surface samples and drill results which includes 5m at 3.45% TREO. Airborne geophysics are highly effective tools for the identification of carbonatite intrusions and associated mineralisation. The carbonatite intrusion model has a central carbonatite pipe which is comprised of multiple phases of carbonatite intrusion that is surrounded by ring dykes which form around and radial dykes which radiate out from the central intrusion. The carbonatite exploration model envisages alteration of the host country rock into which the carbonatites intrude, with development of Sodic (Na) and Potassic (K) fenites around the intrusions which often hosts the REE mineralisation. Each part of the carbonatite system has characteristics which can be detected by geophysics, such as high iron content in ferrocarbonatites which is apparent in the magnetics or potassium fenite alteration and thorium associated with the mineralisation which are apparent in the radiometrics. The combination of these geophysical responses to the carbonatite geology make it a very powerful tool for early stage targeting and project generation. Ten high priority target areas have been identified from the interpretation of the geophysics surveys, with each target selected from a combination of magnetic, potassium and thorium features. The target areas are spaced along the entire length of the 54km Chalba target corridor and are large scale, ranging in size from 0.7km2 to 18km2. A significant new large-scale target has been delineated at Kingfisher South (C H1 0), where geological mapping has already confirmed the presence of ferrocarbonatite intrusions. The target includes a central area defined by a distinct circular magnetic feature with a diameter of approximately 2km which is surrounded by an area of high thorium and potassium which extends over a length of more than 6km along the Chalba target corridor. High priority targets C H2, CH5, CH6 and CH8 have already been selected for immediate surface mapping and sampling due to the presence of interpreted carbonates and circular or oval-shaped features which are indicative of intrusion pipes. The identification of the targets from geophysics is an important early part of the discovery process, with all of the targets to be ranked and included in the Company's project generation activities in 2023 and beyond. Kingfisher carried out extensive and targeted exploration programs for its Gascoyne projects during 2022. The Company's exploration work is cost-effective and is aiming to develop and test drill targets from ground-based mapping and rock sampling. The Company is also simultaneously developing a pipeline of exploration opportunities through integrating tenement-scale airborne geophysical surveys with geological knowledge from the Company's breakthrough REE discovery at Mick Well. The geophysical survey from the 54km Chalba corridor is an important part of this generative work. Planning is well advanced for the Company's exploration activities for 2023 at its Gascoyne projects. It is envisaged the 2023 exploration activities will include drilling at MW2, MW7, MW8 as well as substantial project generation work across the 54km target corridor, including the C H1 to CH 10 targets as well as the Arthur River and Mooloo projects. The 2023 exploration activities are also likely to include airborne geophysics across the Mooloo project. The Company's exploration plans for 2023 will be announced shortly. Annuncio • Dec 20
Kingfisher Mining Limited Announces Completion of Drill Program At Its Mick Well REE Project in the Gascoyne Region of Western Australia Kingfisher Mining Limited announced that the drill program at its Mick Well REE project in the Gascoyne region of Western Australia has been completed. MW2 Drill Program: Drilling at MW2 has been completed, with the current program concluding with 37 drill holes for approximately 4,225m, approximately 500m more than originally planned. The drilling was designed to target the high grade REE mineralisation at MW2, where rock chip results over 40% TREO have been returned and where mapping and sampling has delineated five parallel lodes of outcropping mineralisation within a 300m wide mineralised zone. The mineralisation targeted in the current program is located 500m northwest of Kingfisher's discovery drilling in the MW2 area, where previously reported high grade monazite mineralisation included 5m at 3.45% TREO, including 3m at 5.21% TREO as well as 12m at 1.12% TREO, with 4m at 1.84% TREO. The mineralisation is associated with broad zones of potassium, sodic and mafic fenite, which are alteration styles that are associated with the intrusion of carbonatites. Mapping and Drill Target Definition Fieldwork: Mapping and rock chipping work will continue in 2023. The work is targeting a large number of laterally-extensive high priority targets in a broad area that extends 10km west-northwest from MW2. The targets in this area are also associated with carbonatite complexes as well as high thorium and magnetic responses - similar to what is seen from the newly identified outcropping mineralisation at MW2. Significantly, all of these targets within this 10km long area also lie within Kingfisher's target corridor, the Chalba Shear Zone, which extends for 54km across the Company's Gascoyne tenure. The Chalba Shear Zone is a broad WNW-trending crustal-scale structure that has played an important role in providing a conduit for the intrusion of the carbonatites, as well as the associated alteration and late-stage mineralised veins and carbonatite dykes. Fenites (carbonatite-associated alteration) and potassium fenites, are well-developed in the Mick Well area and are an important host of the REE mineralisation. 2022 Gascoyne Exploration Program: Kingfisher carried out extensive and targeted exploration programs for its Gascoyne projects during 2022. The Company's exploration is cost-effective and aims to develop and test drill targets from ground-based mapping and rock sampling. The Company is also simultaneously developing a pipeline of exploration opportunities through integrating current and scheduled tenement-scale airborne geophysical surveys with geological knowledge from the Company's breakthrough REE discovery at Mick Well. Board Change • Nov 22
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Scott Huffadine was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Nov 21
Adam Schofield Resigns as Non-Executive Director of Kingfisher Mining Limited Kingfisher Mining Limited announced the resignation of Mr. Adam Schofield as Non-Executive Director effective immediately. Annuncio • Nov 16
Kingfisher Mining Limited Announces the Grant of Tenements E09/2660 and E09/2661 at Its Wholly-Owned Gascoyne Project Kingfisher Mining Limited announced the grant of tenements E09/2660 and E09/2661 at its wholly-owned Gascoyne Project. The newly granted tenements E09/2660 and E09/2661 make up the Mooloo Project. The project consists of rocks of the Halfway Gneiss and Moogie Metamorphics which are the same rocks that appear within the Mick Well area that host the Company's high grade REE discoveries across several targets including the namesake Mick Well Project as well as MW2, MW7 and MW8. Significantly, the Mooloo Project also shows high thorium responses which are similar to Mick Well, where elevated thorium is known to be associated with REE mineralisation. The geology, structure and thorium anomalies have been used to identify a new target corridor which extends over a strike length of 18km across the newly granted tenure. This target corridor is located 20km to the south of, and is parallel to the existing 54km target corridor which hosts the REE discoveries along the Mick Well corridor. Kingfisher is carrying out extensive and targeted exploration programs for its Gascoyne projects during 2022. The planned exploration is cost-effective and aims to develop and test drill targets from ground-based mapping and rock sampling. The Company also plans to simultaneously develop a pipeline of exploration opportunities through integrating current and scheduled tenement-scale airborne geophysical surveys with geological knowledge from the Company's breakthrough REE discovery at Mick Well. Annuncio • Nov 15
Kingfisher Mining Limited Announces That Drilling Is Underway At Its Mick Well Ree Project in the Gascoyne Region of Western Australia Kingfisher Mining Limited announced that drilling is underway at its Mick Well REE project in the Gascoyne region of Western Australia. Drilling is underway at MW2, with the current program including 39 drill holes for approximately 4,000m. The drilling has been designed to target the high grade REE mineralisation at MW2, where rock chip results over 40% TREO have been returned and where mapping and sampling has delineated five parallel lodes of outcropping mineralisation within a 300m wide mineralised zone. The cumulative strike length of the five mineralised lodes within the MW2 mineralised zone is 3km, with all of the lodes remaining open in all directions. The mineralisation targeted in the current program is located 500m northwest of Kingfisher's discovery drilling in the MW2 area, where previously reported high grade results have included 5m at 3.45% TREO, including 3m at 5.21% TREO as well as 12m at 1.12% TREO, with 4m at 1.84% TREO. The current mapping and rock chipping work will continue during the drilling campaign and is targeting a large number of laterally-extensive high priority targets in a broad area that extends 10km west-northwest from MW2. The targets in this area are also associated with carbonatite complexes as well as high thorium and magnetic responses - similar to what is seen from the newly identified outcropping mineralisation at MW2. Significantly, all of these targets within this 10km long area also lie within Kingfisher's target corridor, the Chalba Shear Zone, which extends for 54km across the Company's Gascoyne tenure.The Chalba Shear Zone is a broad WNW-trending crustal-scale structure that has played an important role in providing a conduit for the intrusion of the carbonatites, as well as the associated alteration and late-stage mineralised veins and carbonatite dykes. Fenites (carbonatite-associated alteration) and potassium fenites, are well-developed in the Mick Well area and are an important host of the REE mineralisation. Annuncio • Oct 25
Kingfisher Mining Limited Made Further New High Grade REE Mineralisation Discoveries from Rock Chips At Its 100% Owned Projects in the Gascoyne Mineral Field in Western Australia Kingfisher Mining Limited announce that it has made further new high grade REE mineralisation discoveries from rock chips at its 100% owned projects in the Gascoyne Mineral Field in Western Australia. On-going mapping and sampling at the Company's Mick Well project has led to the discovery of new high grade mineralisation at the MW7 and MW8. MW7 and MW8 are located 700m and 1900m northwest of the MW2 prospect, where drilling has returned high grade REE results of 5m at 3.45% TREO and where rock chips sampling has returned results of over 40% TREO. Drilling of these areas are part of a drill program commencing in the coming weeks. Significantly, the new MW7 and MW8 discoveries occur in NE-trending structures (like MW2) and crosscut the WNW-trending target corridor which extends for over 54km in the Company's tenure. Mineralisation has also been identified in a laterally extensive WNW-trending lode which is parallel to the 54km target corridor. The results from the single mineralisation sample collected include 2.33% TREO with 0.45% Nd2O3 + Pr6O11 (MWGS1240). The current mapping and rock chipping work is targeting a large number of laterally-extensive high priority targets in a broad area that extends 10km west-northwest from MW2 . The targets in this area are also associated with carbonatite complexes as well as high thorium and magnetic responses similar to what is seen from the newly identified outcropping mineralisation at MW2. Significantly, all of these targets within this 10km long area also lie within Kingfisher's target corridor, the Chalba Shear Zone, which extends for 54km across the Company's Gascoyne tenure. The Chalba Shear Zone is a broad WNW-trending crustal-scale structure that has played an important role in providing a conduit for the intrusion of the carbonatites, as well as the associated alteration and late-stage mineralised veins and carbonatite dykes. Fenites (carbonatite-associated alteration) and potassium fenites, are well-developed in the Mick Well area and are an important host of the REE mineralisation. Kingfisher is carrying out extensive and targeted exploration programs for its Gascoyne projects during 2022. The planned exploration is cost-effective and aims to develop and test drill targets from ground-based mapping and rock sampling. The Company also plans to simultaneously develop a pipeline of exploration opportunities through integrating current and scheduled tenement-scale airborne geophysical surveys with geological knowledge from the Company's breakthrough REE discovery at Mick Well. Reported Earnings • Sep 25
Full year 2022 earnings released: AU$0.021 loss per share (vs AU$0.035 loss in FY 2021) Full year 2022 results: AU$0.021 loss per share (improved from AU$0.035 loss in FY 2021). Net loss: AU$896.1k (loss narrowed 7.3% from FY 2021). Annuncio • Sep 07
Kingfisher Mining Limited Provides Results from the Mick Well Drilling At Its 100% Owned Projects in Gascoyne Mineral Field in Western Australia Kingfisher Mining Limited provided the results from the Mick Well drilling at its 100% owned projects in the Gascoyne Mineral Field in Western Australia. Mick Well Drilling Results Follow-up reverse circulation (RC) drilling at Mick Well has confirmed the broad zones of clay hosted REE mineralization at Mick Well. The mineralisation is associated with kaolinite clays and weathered bedrock within the shear zones which are part of the Company's 54km REE target corridor. Significant new results from the clay mineralisation include: MWRC030: 24m at 2345 ppm TREO with 470 ppm Nd2O3 + Pr6O11 from surface. MWRC028: 48m at 1076 ppm TREO with 204 ppm Nd2O3 + Pr6O11, including 16m at 1580 ppm TREO with 325 ppm Nd2O3 + Pr6O11 from surface. MWRC027: 36m at 779 ppm TREO with 164 ppm Nd2O3 + Pr6O11 from 4m. MWRC029: 20m at 734 ppm TREO with 146 ppm Nd2O3 + Pr6O11 from 32m, including 4m at 1020 ppm TREO with 237 ppm Nd2O3 + Pr6O11 from 48m. The new drill hole results add significantly to the previously reported Mick Well results which included: MWRC020: 48m at 1265 ppm TREO with 257 ppm Nd2O3 + Pr6O11 from 4m, including 40m at 1367 ppm TREO with 278 ppm Nd2O3 + Pr6O11 from 8m. MWRC021: 16m at 1156 ppm TREO with 228 ppm Nd2O3 + Pr6O11 from 8m, including 12m at 1301 ppm TREO with 259 ppm Nd2O3 + Pr6O11 from 8m. The interpretation of the shear zone and associated clay mineralisation has highlighted a potential strike length of 6.5km at Mick Well and drilling has delineated widths of 100m with vertical extents to 40m depth from surface. The 100m width of the clay zone was highlighted by drill hole MWRC029, which was collared in rock and passed into the clays at 30m downhole. The current program has also highlighted the association between the high grade REE mineralisation at MW2 and the clay mineralisation at Mick Well. Both styles of mineralisation are now recognised to be part of the same mineral system, occurring in related geological structures, with potential for both styles of mineralisation within structures that make up the 54km target corridor. The clay mineralisation has developed in areas of deep weathering of the carbonatites and associated intense alteration which filled the belt-scale shears. The RC drilling at MW2 intersected areas of alteration and anomalous REE mineralisation in the positions of the interpreted strike extents of the mineralisation intersected in MWRC011, with 4m at 0.1% TREO returned from MWRC026 and 1m at 0.1% TREO returned from MWRC025. The upcoming Fourth Quarter drilling at MW2 will now focus on the 2.2km of strike of outcropping high grade hard rock mineralisation which is located 500m northwest of the previous MW2 drilling, along with the targeting of anticipated additional outcrop discoveries from ongoing fieldwork. The Company is targeting REE mineralisation along a 54km corridor associated with the Chalba Shear Zone. The Chalba Shear is a broad WNW-trending crustal-scale structure that has played an important role in providing a conduit for the intrusion of the carbonatites, as well as the associated alteration and late-stage mineralised veins and carbonatite dykes. Fenites (carbonatite-associated alteration) and potassium fenites, are well-developed in the Mick Well area and are an important host of the REE mineralisation. 2022 Gascoyne Exploration Program: Kingfisher is carrying out extensive and targeted exploration programs for its Gascoyne projects during 2022. The planned exploration is cost-effective and aims to develop and test drill targets from ground-based mapping and rock sampling. The Company also plans to simultaneously develop a pipeline of exploration opportunities through integrating current and scheduled tenement-scale airborne geophysical surveys with geological knowledge from the Company's breakthrough REE discovery at Mick Well. Annuncio • Jul 28
Kingfisher Mining Limited Provides the Results from Mick Well and the Kingfisher Prospect Drilling At Its 100% Owned Projects in the Gascoyne Mineral Field in Western Australia Kingfisher Mining Limited provided the results from Mick Well and the Kingfisher Prospect drilling at its 100% owned projects in the Gascoyne Mineral Field in Western Australia. Broad zones of REE mineralisation have been returned from reverse circulation (RC) drilling at the Mick Well Prospect. The mineralisation is associated with kaolinite clays and weathered bedrock; a new style of mineralisation for the project. The most significant REE include: MWRC020: 48m at 1265 ppm TREO with 257 ppm Nd2O3 + Pr6O11 from 4m, including 40m at 1367 ppm TREO with 278 ppm Nd2O3 + Pr6O11 from 8m. MWRC021: 16m at 1156 ppm TREO with 228 ppm Nd2O3 + Pr6O11 from 8m, including 12m at 1301 ppm TREO with 259 ppm Nd2O3 + Pr6O11 from 8m. The drilling also returned anomalous REE results from fresh bedrock from all three drill holes completed at Mick Well: MWRC020: 12m at 808 ppm TREO with 163 ppm Nd2O3 + Pr6O11 from 116m. MWRC021: 4m at 598 ppm TREO with 122 ppm Nd2O3 + Pr6O11 from 44m. MWRC021: 4m at 1003 ppm TREO with 201 ppm Nd2O3 + Pr6O11 from 64m. MWRC022: 68m at 631 ppm TREO with 132 ppm Nd2O3 + Pr6O11 from 36m. The potential for REEs at the Mick Well prospect was first identified by the Company earlier this year, when anomalous and highly encouraging results were returned from sampling of historical diamond drill hole MWDD002. The new anomalous REE results from the clays and weathered bedrock are reported above 500 ppm TREO which has been selected based on geostatistical analysis of the assay results. Other anomalous REE results from Mick Well are included in Annexure 1. RC drilling at the Kingfisher Prospect and all targets drilled in the Mick Well area, including MW1, MW3, M4 and MW6 has also returned anomalous REE results. The targets all lie within the Company's target 54km corridor which is associated with the Chalba Shear Zone; a crustal-scale fault zone and control of the carbonatite intrusions and associated REE mineralisation in the region. Drilling has now confirmed the presence of anomalous REE mineralisation at the Kingfisher Prospect in the east and from historical drill hole GAD-0003 at the western end of the Company's tenure. Highlights from the new drilling results are listed below and the full results are included in Annexure 1. KFRC004: 4m at 1924 ppm TREO with 391 ppm Nd2O3 + Pr6O11 from 172m. KFRC005: 16m at 859 ppm TREO with 168 ppm Nd2O3 + Pr6O11 from 64m, including 4m at 1031 ppm TREO with 201 ppm Nd2O3 + Pr6O11 from 72m. KFRC005: 8m at 659 ppm TREO with 132 ppm Nd2O3 + Pr6O11 from 108m. Kingfisher is carrying out extensive and targeted exploration programs for its Gascoyne projects during 2022. The planned exploration is cost-effective and aims to develop and test drill targets from ground- based mapping and rock sampling. The Company also plans to simultaneously develop a pipeline of exploration opportunities through integrating current and planned tenement-scale airborne geophysical surveys with geological knowledge from the Company's breakthrough REE discovery at Mick Well. Planned and completed activities for 2022 for Kingfisher's Gascoyne projects are shown below. The contract for the airborne magnetic and radiometric surveys for Mick Well, Kingfisher and Arthur River have been awarded and the surveys have been scheduled to commence in September 2022. Fieldwork is on- going as the Company prepares additional drill targets in the Mick Well area ahead of the third RC drilling program for the area scheduled for later in the year. Annuncio • Jul 12
Kingfisher Mining Limited Announces Follow-Up Drilling Underway At MW2 Kingfisher Mining Limited announced a follow-up drill program is underway at its 100% owned MW2 Prospect in the Gascoyne Mineral Field in Western Australia. Drilling at the MW2 is now underway as part of a program which will include seven reverse circulation (RC) drill holes for approximately 750m. The program has been designed to follow-up high grade REEs that were intersected in a recent drilling at MW2 that was completed in April and May of this year. Reconnaissance drilling This new program will target fresh monazite mineralisation in a NW-trending structure that was intersected in drill hole MWRC011 and included 5m at 3.45% TREO with 0.65% Nd2O3 + Pr6O11, including 3m at 5.21% TREO with 0.98% Nd2O3 + Pr6O11 from 102m The interval also returned 1m at 7.13% TREO with 1.33% Nd2O3 + Pr6O11 Kingfisher is targeting REE mineralisation along a 54km corridor associated with the Chalba Shear Zone The Chalba Shear is a broad WNW-trending crustal-scale structure that has played an important role in providing a conduit for the intrusion of the carbonatites, as well as the associated alteration and late-stage mineralised veins and carbonatite dykes. Fenites (carbonatite-associated alteration) and potassium fenites, are well-developed in the Mick Well area and are an important host of the REE mineralisation. Kingfisher is carrying out extensive and targeted exploration programs for its Gascoyne projects during 2022. The planned exploration is cost-effective and aims to develop and test drill targets from ground-based mapping and rock sampling. The Company also plans to simultaneously develop a pipeline of exploration opportunities through integrating current and planned tenement-scale airborne geophysical surveys with geological knowledge from the Company's breakthrough REE discovery at Mick Well. Annuncio • Jul 05
Kingfisher Mining Limited Provides the Results from the MW2 Drilling At Its 100% Owned Projects in the Gascoyne Mineral Field in Western Australia Kingfisher Mining Limited provided the results from the MW2 drilling at its 100% owned projects in the Gascoyne Mineral Field in Western Australia. The current drill program was designed to confirm the dip and strike of the mineralisation at MW2 and follow-up the results from the Company's recent REE discovery, which included 12m at 1.12% TREO, including 4m 1.84% TREO. These objectives have successfully been achieved and the Company announced the new drilling results: MWRC011: 4m at 1.03% TREO with 0.17% Nd2O3 + Pr6O11 from 29m, including 1m at 2.78% TREO with 0.46% Nd2O3 + Pr6O11 from 32m. MWRC011: 5m at 3.45% TREO with 0.65% Nd2O3 + Pr6O11, including 3m at 5.21% TREO with 0.98% Nd2O3 + Pr6O11 from 102m. The interval also returned 1m at 7.13% TREO with 1.33% Nd2O3 + Pr6O11. MWRC013: 8m at 1.05% TREO with 0.19% Nd2O3 + Pr6O11 from 72m. The results from the recent drilling has led to the identification of a new mineralised zone, with MW2 now recognised to include a WNW-striking zone of allanite and monazite and a much higher grade NW-striking mineralised zone which has monazite as the dominant REE mineral. The monazite dominant mineralisation is geologically very similar to the 800m of outcropping of high grade mineralisation which was recently discovered 500m northwest of MW2. The revised geological interpretation for MW2 now significantly recognises two different mineralized structures instead of one zone. The updated interpretation is based on re-logging of all of the RC drill chips together with the sample results as well as structural information collected from wireline logging of the drill holes. Drill holes MWRC015 and MWRC016 both ended in potassium fenite which is very similar to the potassium fenite intersected immediately before the monazite mineralisation in MWRC011. This, together with the revised geological interpretation for MW2, is indicating that the monazite zone may be immediately below the current depth of these drill holes. The Company is now planning to extend MWRC015 and MWRC016 as well as undertake additional high priority drilling on the southwest end of this section. Kingfisher is targeting REE mineralisation along a 54km corridor associated with the Chalba Shear Zone. The Chalba Shear is a broad WNW-trending crustal-scale structure that has played an important role in providing a conduit for the intrusion of the carbonatites, as well as the associated alteration and late-stage mineralised veins and carbonatite dykes. Fenites (carbonatite-associated alteration) and potassium fenites, are well-developed in the Mick Well area and are an important host of the REE mineralisation. 2022 Gascoyne Exploration Program: Kingfisher is carrying out extensive and targeted exploration programs for its Gascoyne projects during 2022. The planned exploration is cost-effective and aims to develop and test drill targets from ground- based mapping and rock sampling. The Company also plans to simultaneously develop a pipeline of exploration opportunities through integrating current and planned tenement-scale airborne geophysical surveys with geological knowledge from the Company's breakthrough REE discovery at Mick Well. Annuncio • Jun 20
Kingfisher Mining Limited Provides an Update on the On-Going Mapping and Rock Chip Sampling at its 100% Owned Projects in the Gascoyne Mineral Field in Western Australia Kingfisher Mining Limited provided an update on the on-going mapping and rock chip sampling at its 100% owned projects in the Gascoyne Mineral Field in Western Australia. Additional high grade REE mineralisation has been discovered at the Company's Mick Well project, which is in the Gascoyne region of Western Australia. The outcropping mineralisation has been defined over a strike length of more than 800m, within a broad zone where two additional parallel carbonatite dykes with REE mineralisation have already been identified. The mineralisation includes exceptional grades, with laboratory assays of 21.13% TREO with 3.59% Nd2O3 + Pr6O11 (MWGS0484) and 14.29% TREO with 2.23% Nd2O3 + Pr6O11 (MWGS0465). All three mineralised dykes remain open in all directions. The outcropping mineralisation is fresh from surface and predominantly consists of high grade monazite and allanite both being important global sources for production of the critical metals, neodymium and praseodymium. The identification of outcropping mineralisation has significantly added to the Company's understanding of the geology of the project area and has confirmed the effectiveness of airborne radiometrics and magnetics for targeting on-ground mapping and the subsequent successful discovery of outcropping mineralisation. The current exploration work has also led to the identification of a large number of laterally-extensive high priority targets in a broad area that extends 10km west-northwest from MW2. The targets in this area are also associated with carbonatite complexes as well as high thorium and magnetic responses similar to what is seen for the newly identified outcropping mineralised carbonatite dykes. Significantly, all of these targets within this 10km long area also lie within Kingfisher's target corridor, the Chalba Shear Zone, which extends for 54km across the Company's Gascoyne tenure. Annuncio • May 18
Kingfisher Mining Limited updates on Drilling Completed at Gascoyne Ree Projects Kingfisher Mining Limited updated on the completion of drilling at its 100% owned projects in the Gascoyne Mineral Field in Western Australia. The current drilling program at the Mick Well and Kingfisher Prospects has been completed. The program included 18 reverse circulation (RC) drill holes for 2,330m and tested eight targets along 20km of strike of the interpreted 54km target corridor (Figure 2). The majority of the drilling was completed at MW2, where the Company recently made a REE discovery in drilling, which included 12m at 1.12% TREO, including 4m 1.84% TREO January 2022 and 24 March 2022). The drilling at MW2 was designed to define the dip and strike of the calcite-magnetite-apatite veins and associated REE-bearing minerals, monazite and allanite, which were intersected in MWRC004. Geological logging of the drill holes indicates the target alteration and veins were intersected in drilling at MW2 and the previously reported mineralisation is now interpreted to have a WNW strike and dip moderately to the SSW . Five trial ground-based radiometrics surveys were completed at MW2, MW3, MW4 and two other targets close to the Mick Well carbonatite complex. The trial grids were typically 150m by 100m, with survey lines spaced at 20m in each grid . The results from the ground-based surveys were compared with the results from the airborne magnetics and radiometrics survey that was flown by UTS Geophysics in 2012^. The ground-based surveys showed a good correlation with the airborne survey, but did not offer significantly better geological information. Kingfisher is carrying out extensive and targeted exploration programs for its Gascoyne projects during 2022. The planned exploration is designed to be cost-effective and aims to develop and test drill targets from ground-based work which includes mapping and rock sampling. The Company also plans to simultaneously develop a pipeline of exploration opportunities through integrating regional and airborne geophysical surveys with geological knowledge from the Company's breakthrough REE discovery at Mick Well. The Kingfisher and Mick Well Projects are located approximately 230km east of Carnarvon, in the Gascoyne region of Western Australia. The Company holds exploration licences covering 969km and has recently increased its interests in the Gascoyne Mineral Field by nearly 40% through the targeted pegging of additional tenure interpreted to be prospective for rare earth elements. The tenure includes rocks of the Proterozoic Durlacher Suite that hosts the world-class Yangibana Deposit which includes 27.42Mt @ 0.97% TREO# as well as the Archaean Halfway Gneiss. The recently discovered REE mineralisation at Mick Well is associated with carbonatite intrusions discovered by Kingfisher. Historic exploration in the area had focused on outcrops of quartz reef and gossanous ironstones which are up to 10m in width. Past exploration returned rock chip sample results of up to 10.6% Cu over a strike length of 1km within a laterally extensive geological horizon. Four historical drill holes were completed in the Mick Well area, with the best result being 11m @ 0.25% Cu from 118 m (MWDD001). Historical exploration also identified copper at the Kingfisher Project, with mineralisation exposed in a series of shallow historical mining pits over a strike length of 2km. Previous exploration at the project has included geophysical surveys, surface geochemical sampling and limited reverse circulation drilling, with drilling intercepts including 3m @ 0.6% Cu (KFRC10) and rock chip results of 15.3% Cu, 6.3% Cu, 6.2% Cu, 5.9% Cu and 3.4% Cu^. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Scott Huffadine was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annuncio • Apr 21
Kingfisher Mining Limited Announces Additional Key Tenure Granted in Prospective REE Corridor Kingfisher Mining Limited announced additional key tenure granted in prospective REE Corridor. Tenements granted over western extensions of 54km rare earth elements (REE) target corridor where the Company recently made a REE discovery in drill hole MWRCOO4: 12m at 1.12% total rare earth elements (TREO). Newly granted tenure covers 267km2 of the Company's 969km2 of granted and application tenure in the Gascoyne Mineral Field. Grant of tenure is a significant step in the preparation for the planned airborne magnetics and radiometrics surveys which have been designed to generate new targets within the 54km target corridor. 2022 Gascoyne Exploration Program: Kingfisher has planned extensive and targeted exploration programs for its Gascoyne projects for 2022. The planned exploration is designed to be cost-effective and aims to develop and test drill targets from ground-based work which includes mapping, rock sampling and radiometric surveys. The Company also plans to simultaneously develop a pipeline of exploration opportunities through integrating regional and airborne geophysical surveys with geological knowledge from the Company's breakthrough REE discovery at Mick Well. About the Kingfisher and Mick Well Projects: The Kingfisher and Mick Well Projects are located approximately 230km east of Carnarvon, in the Gascoyne region of Western Australia. The Company holds exploration licences covering 969km 2 and has recently increased its interests in the Gascoyne Mineral Field by nearly 40% through the targeted pegging of additional tenure interpreted to be prospective for rare earth elements. The tenure includes rocks of the Proterozoic Durlacher Suite that hosts the world-class Yangibana Deposit which includes 27.42Mt @ 0.97% TREO# as well as the Archaean Halfway Gneiss. Historic exploration at Mick Well was also focused on base metals associated with quartz reefs and gossanous ironstones which are up to 10m in width. Previous rock chip sampling in the area has shown results up to 10.6% Cu over a strike length of 1km within a laterally extensive geological horizon. Only fourdrill historical holes have been completed at Mick Well, with the best result being 11m @ 0.25% Cu from 118 m (MWDD001)^. Annuncio • Apr 13
Kingfisher Mining Limited Announces Drilling Underway at its 100% Owned Projects in the Gascoyne Mineral Field in Western Australia Kingfisher Mining Limited announced drilling is underway at its 100% owned projects in the Gascoyne Mineral Field in Western Australia. Mick Well and Kingfisher Drilling Program: Drilling at the Mick Well and Kingfisher Prospects is now underway and will include 18 reverse circulation (RC) drill holes for approximately 2400m. The program has been designed to test seven targets, including MW2 (Figure 1) and several other high priority targets across part of the extensive 54km of strike of the Company's REE target corridor. The MW2 discovery included 12m at 1.12% TREO and exciting REE results from the interval also include: 4m at 1.84% TREO with 0.34% Nd2O3 and Pr6O11 from 41m, including 1m at 3.87% TREO with 0.70% Nd2O3 and Pr6O11. 1m at 2.39% TREO with 0.47% Nd2O3 and Pr6O11 from 49m. The current program includes drilling at the Mick Well and Kingfisher Prospects, where historical drillinghas intersected geology which is similar to the geology at MW2. Resampling of historical diamond drill core stored at the DMIRS core library has already confirmed the presence of anomalous REEs at Mick Well, including 0.32% TREO, 0.20% TREO and 0.16% TREO 2.5km along strike from MW2. Maiden drilling will also be completed at two new targets, MW4 and MW6, as part of this program. MW4 and MW6 are both high priority targets and have been selected for drilling in this program due to their similar magnetic and electromagnetic responses to the MW2 discovery. 2022 Gascoyne Exploration Program: Kingfisher has planned extensive and targeted exploration programs for its Gascoyne projects for 2022. The planned exploration is designed to be cost-effective and aims to develop and test drill targets from ground- based work which includes mapping, rock sampling and radiometric surveys. The Company also plans to simultaneously develop a pipeline of exploration opportunities through integrating regional and airborne geophysical surveys with geological knowledge from the Company's breakthrough REE discovery at Mick Well. Annuncio • Apr 12
Kingfisher Mining Limited Announces Historical Mick Well Hole Reveals Further REE Mineralisation Kingfisher Mining Limited announced that historical Mick Well Hole revealed further REE mineralisation. The company has received results from sampling of the historical diamond drill hole MWDD002 from the Mick Well Prospect which had not previously been assayed for rare earth elements (REE). The three samples were analysed for total rare earth oxides (TREO) and each of the samples returned highly encouraging anomalous REE results: 0.20% TREO from 65.73m; 0.16% TREO from 66.63m; 0.32% TREO from 67.53m. The Mick Well Prospect is located 2.5km southeast of the Company's recent REE discovery at MW2. The diamond drill holes from Mick Well were completed by Mt Phillips Exploration Pty Ltd. during 2008 and the core samples are now stored at the Department of Mines, Industry Regulation and Safety (DMIRS) core library in Perth. The new samples from MWDD002 were selected from a feldspar-quartz-biotite gneiss which was intersected over a 2.6m interval in the drill hole between 65.5m and 68.1m downhole. Each of the three sample was 15cm in length, which is the maximum length that can be taken from core held by the DMIRS. The sampled areas showed only weak alteration and minor vein development. Inspection and re-interpretation of the historical Mick Well diamond drill core has revealed a number of key similarities with the geology from the MW2 REE discovery. Notably, the drilling at both locations has intersected zones of intense alteration, which include carbonate, silica and amphibole. Comparisons of the alteration from the discovery drill hole MWRC004 at MW2 and the historical diamond drill hole MWDD002 at Mick Well. Both drill holes also intersected broad zones of disseminated chalcopyrite (Cu sulphide) proximal to the intense alteration which also highlights the geological similarity and potential scale of the minerals system. The zones with disseminated copper include 32m at 0.16% Cu at MW2 and 17m at 0.20% Cu at Mick Well. The results add significant new information to the emerging REE target which covers 54km of strike within the Company's tenure, with potential that has also been confirmed by the recently reported anomalous REE results which included 3.4m at 0.14% TREO from 2.6m downhole (GAD-0003) from a historical Cameco Australia Pty Ltd. diamond drill hole approximately 25km west of Mick Well. The Company has planned new drill holes close to the historical diamond hole and along the Mick Well Prospect strike to evaluate the REE potential over the entire target area during the upcoming planned reverse circulation (RC) drill program. Kingfisher has planned extensive and targeted exploration programs for its Gascoyne projects for 2022. The planned exploration is designed to be cost-effective and aims to develop and test drill targets from ground-based work which includes mapping, rock sampling and radiometric surveys. The Company also plans to simultaneously develop a pipeline of exploration opportunities through integrating regional and airborne geophysical surveys with geological knowledge from the Company's breakthrough REE discovery at Mick Well. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Scott Huffadine was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 09
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.011 loss per share (up from AU$0.048 loss in 1H 2021). Net loss: AU$478.9k (loss narrowed 26% from 1H 2021). Revenue was in line with analyst estimates. Annuncio • Jan 28
Kingfisher Mining Limited Announces Copper and Gold Results Confirm Mineralisation Associated with Geophysical Targets at Boolaloo Kingfisher Mining Limited provided drill results from the on-going exploration at its 100% owned Boolaloo Project in the Ashburton region of Western Australia. The Company has received results from the reverse circulation (RC) drilling of the Green Hills, Erny Bore and EM1 targets at its Boolaloo Project. The results include: Green Hills: BLRC002: 12m at 0.72% Cu and 0.14 g/t Au from surface, including 4m at 1.16% Cu and 0.27 g/t Au from 4m. BLRC001: 8m at 0.25% Cu from 20m.; Erny Bore: BLRC009: 11m at 0.38% Cu from 79m. BLRC009: 2m at 0.95% Cu and 0.40g/t Au from 59m, including 1m at 1.73% Cu and 0.78g/t Au from 59m. BLRC008: 2m at 0.39% Cu from 45m. BLRC007: 6m at 0.24% Cu from 121m. BLRC006: 2m at 0.85% Cu from 28m, including 1m at 1.55% Cu from 29m. The Erny Bore Prospect appears as a series of shears and quartz veins and outcrops over a strike length of 150m. The prospect has been defined by historic rocks chip samples which include 8.06 g/t Au, 2.10 g/t Au, 1.81 g/t Au and 1.21 g/t Au1 and is associated with a strong conductor, which lies approximately 100m along strike from the rock chip samples. The historic rock chips, together with the strong conductor and interpreted airborne electromagnetic (EM) survey results suggest a potential target zone of over 1km at Erny Bore. Green Hills was identified as a potential target from the reprocessing of the airborne hyperspectral survey and the Company's structural interpretation, with first pass mapping and sampling in the area returning rock chip sample results with over 24% Cu and more than 1 g/t Au. The third target tested during the Boolaloo RC drilling program was EM1, a bedrock conductor identified from the airborne EM survey which is approximately 3km west of Erny Bore and on the interpreted extensions of the Erny Bore structure. The RC drilling completed at Boolaloo included nine holes for 1,483 metres. Drill holes BLRC001 and BLRC002 were completed at the Green Hills Prospect, with the most significant result returned from BLRC002 which included 12m at 0.72% Cu and 0.14 g/t Au from surface, including 4m at 1.16% Cu and 0.27 g/t Au from 4m downhole. Both of the Green Hills drill holes intersected the target structure, which remains open along strike and down-dip at depth. The Erny Bore drilling included drill holes BLRC005 to BLRC009. All of the drill holes at Erny Bore intersected the target structure with the most significant results returned from BLRC009, which included 2m at 0.95% Cu and 0.40g/t Au from 59m, including 1m at 1.73% Cu and 0.78g/t Au from 59m downhole. A second interval in BLRC009 returned 11m at 0.38% Cu from 79m downhole. Drill hole BLRC009 was completed on the eastern-most section at Erny Bore and the mineralisation remains open to the east and at depth. Drill holes BLRC003 and BLRC004 were completed at the EM1 target and did not return anomalous results. The target conductor from the VTEMTM electromagnetic survey appears to be related to carbonaceous sediments. Annuncio • Jan 12
Kingfisher Mining Limited Announces Significant Ree Discovery At Mick Well of 12M At 1.12% Treo Kingfisher Mining Limited provided drill results from the on-going exploration at its 100% owned projects in the Gascoyne Mineral Field in Western Australia. The Company has received results from the reverse circulation (RC) drilling of three targets at its Mick Well Prospect and one target at its Kingfisher Prospect. Significant new drill results associated with a discovery of rare earths mineralisation include: The results compare favourably with the world-class Yangibana Project which includes Mineral Resources of 27.42Mt @ 0.97% TREO with 0.33% Nd2O3 and Pr6O11#. Yangibana is located 105 km north of the Company's Mick Well Project and is also associated with Durlacher Suite rocks; the same Durlacher Suite rocks outcrop and are associated with the recently discovered mineralisation at Mick Well. Neodymium and Praseodymium (NdPr) are highly sought-after elements. Their primary use is in permanent magnets which are used in electric vehicles and wind turbines. The NdPr market is in deficit and future demand for NdPr is expected to remain strong due to the clean energy economy. The drilling at Mick Well also returned other anomalous analytical results which are still being evaluated and will form the basis of on-going targeting and exploration. The anomalous results from Mick Well include: MWRC005: 4m at 0.27% TREO with 506 ppm Nd2O3 and Pr6O11 from 16m and 4m at 0.12% TREO with 222 ppm Nd2O3 and Pr6O11 from 76m. MWRC003: 4m at 0.18% TREO with 388 ppm Nd2O3 and Pr6O11 from 88m. MWRC002: 4m at 0.17% TREO with 247 ppm Nd2O3 and Pr6O11 from 12m. The drilling program at Mick Well and Kingfisher was designed to test targets that were initially identified from the Versatile Time Domain Electromagnetic (VTEMTM Max) airborne survey completed by the Company in July 2021. The survey produced several high- quality conductor targets and the drill holes were designed to test three of the VTEMTM conductors at Mick Well (MW1, MW2 and MW3) and a conductor on the interpreted structure strike extensions at the historic Kingfisher prospect (KF1). Targets MW2 and MW3 were selected for priority drilling due to the discrete magnetic lows which were spatially associated with VTEMTM conductors. The potential for rare earth elements associated with the targets was recognised from anomalous rock chip samples that were collected during the drilling program. Three-dimensional modelling of the magnetics data for targets MW2 and MW3 has been completed and has revealed the discrete magnetic lows are pipe-like features that have significant vertical extents, with the MW2 pipe extending to a depth of 1000m. The pipe-like features have now been interpreted to be associated with the intrusion of the carbonatites and potentially other ultramafic rocks which outcrop close to the MWRC004 drill site. Annuncio • Dec 23
Kingfisher Mining Limited Provides an Update of the On-Going Exploration At its 100% Owned Projects in the Gascoyne Mineral Field in Western Australia Kingfisher Mining Limited provided an update of the on-going exploration at its 100% owned projects in the Gascoyne Mineral Field in Western Australia. The company has completed a helicopter-supported sighter sampling program and a follow-up rock chip sampling program at its Mick Well, Kingfisher, Kingfisher South and Arthur River Projects targeting outcropping carbonatites. The purpose of the programs was to identify rare earth elements (REE) associated with carbonatites and ironstones across its substantial tenement holding in the Gascoyne Mineral Field. Outcropping carbonatites were identified from rocks collected during the helicopter supported sighter sampling program. The sighter samples were then combined with the geology and geophysics to identify additional potential locations for carbonatites. Follow-up mapping has been completed, with outcropping carbonatites being identified by Kingfisher's geologists at more than 20 field sites. Results from rock chips collected during the Company's recent drilling campaign at the Mick Well and Kingfisher Projects have been received. The rock chip sampling unexpectedly returned highly encouraging anomalous REE results, with up to 0.16% total rare earth oxides (TREO) and 331 ppm Nd2O3 + P6O11, prompting a review of the REE potential of the tenements, the recent field program and the application for additional tenements. The anomalous REE rock chip results are also located adjacent to two of the targets drilled at Mick Well where results are still pending and expected in the coming weeks. The Company holds exploration licences covering 969km and has recently increased its interests in the Gascoyne Mineral Field by nearly 40% through the targeted pegging of additional tenure interpreted to be prospective for rare earth elements. The tenure includes rocks of the Proterozoic Durlacher Suite that hosts the world-class Yangibana Deposit which includes 27.42Mt @ 0.97% TREO as well as the Archaean Halfway Gneiss. Annuncio • Nov 24
Kingfisher Mining Limited Announces Gascoyne REE Sampling Program Underway At Gascoyne Projects Kingfisher Mining Limited provided an update of its on-going exploration at its 100% owned projects in the Gascoyne Mineral Field in Western Australia. The Company has commenced a surface geochemistry sighter program across its Kingfisher, Mick Well and Arthur River tenements targeting rare earth elements. The Company holds exploration licences covering 693km2 in the area which includes rocks of the Proterozoic Durlacher Suite which hosts the world-class Yangibana Deposit which includes 27.42Mt @ 0.97% TREO# and the Archaean Halfway Gneiss. The surface geochemistry sampling program will target previously mapped pegmatites, biotite-magnetite gneisses and mafic gneisses which are interpreted to be associated with rare earth elements in the area. The Company would also like to advise that sample results from the recent RC drilling programs at seven priority targets which were identified from the Company's airborne EM surveys and surface mapping at Boolaloo, Mick Well and Kingfisher are in progress and are expected to be received in the next few weeks. Additional results from on- going surface geochemical sampling at Boolaloo and Mick Well are also imminent. Reported Earnings • Sep 18
Full year 2021 earnings released: AU$0.035 loss per share (vs AU$0.005 profit in FY 2020) Full year 2021 results: Net loss: AU$967.0k (down AU$991.8k from profit in FY 2020). Annuncio • Jul 07
Kingfisher Mining Limited Provides Extensive Regional Rock Chip Sampling Delivers High-Grade Copper and Gold Results At Boolaloo Kingfisher Mining Limited provided an update of its on-going exploration at its 100% owned Boolaloo Project in the Ashburton Basin of Western Australia. An extensive regional mapping and rock chip sampling program is underway at Boolaloo. The program is targeting copper and gold mineralisation within laterally extensive alteration corridors identified by the Company during First Quarter 2021. The work has also been designed to assist the Company to build its understanding of the regional geology and mineralisation potential within this emerging copper province. Analytical results from the first batches of rock chip samples have been received by the Company, with significant results from two newly identified areas or mineralisation and infill sampling at the Copper Strike Prospect. New Mineralisation Discoveries: BLGS0102: 4.81% Cu and 0.47 g/t Au; BLGS0134: 18.3% Cu and 2.04 g/t Au. Minga Bore: BLGS0003: 14.7% Cu and 1.48 g/t Au Copper Strike: BLGS0068: 37.8% Cu and 2.57 g/t Au; BLGS0072: 2.43% Cu and 0.1 g/t Au; BLGS0083: 9.65% Cu and 0.57 g/t Au; BLGS0090: 10.6% Cu and 2.36 g/t Au. Results from all of the 162 rock chip samples received to date are shown in Figure 1, which includes results from the new discoveries as well as anomalous gold results from first-pass rock chip sampling in the east of the Company's tenure. A detailed plan of the Copper Strike Prospect showing the location of the current and historic rock chip results, together with the drill holes and the mapped mineralisation. The recently returned infill rock chip samples from Copper Strike included gold assays greater than 2 g/t Au, exceeding the Company's expectation of the gold potential of the Prospect. The Boolaloo copper-gold and base metal project is located approximately 160km west of Paraburdoo and 35km southwest of the Paulsen's gold mine in the Ashburton region of Western Australia (Figure 3). The Company has pegged exploration licences over the potential strike extents of the interpreted mineralised structures, giving a significant strategic holding in an emerging province and tenure which now covers more than 30km of strike of the interpreted mineralised structures. Past exploration has established the potential for the discovery of copper mineralisation at the
project, with previous reverse circulation (RC) drilling returning very encouraging results which include: 4m @ 1.06% Cu & 1.40 g/t Au from 109m, including 1m @ 1.41% Cu & 2.70 g/t Au from 110m (MIRC002) 2; 3m @ 1.83% Cu & 1.12 g/t Au from 96m, including 1m @ 3.14% Cu & 1.38 g/t Au from 96m (MIRC004) 2; 2m @ 1.44% Cu & 1.36 g/t Au from 137m, including 1m @ 2.28% Cu & 2.28 g/t Au from 138m (MIRC009) 2; 3m @ 3.05% Cu & 0.57 g/t Au from 63m, including 2m @ 3.90% Cu & 0.77 g/t Au from 63m (MIRC013)1; and 2m @ 3.81% Cu & 0.62 g/t Au from 62m (MIRC027)3. Past exploration has also established significant mineralisation strike lengths at K15 and K16, with the K16 mineralised zone being intersected over a strike length of 1.5km. Annuncio • Jun 25
Kingfisher Mining Limited Provides an Update on Exploration Helicopter Electromagnetic Survey Commenced at Kingfisher & Mick Well Kingfisher Mining Limited provided an update on its on-going exploration at its 100% owned and under-explored Kingfisher and Mick Well Projects in the Gascoyne region of Western Australia. The company has commenced a helicopter-borne Versatile Time Domain Electromagnetic survey at the Kingfisher and Mick Well Projects. The survey will include more than 800 line kilometres and cover 145 km2 over the Company's target geological horizon. The VTEMTM survey is being flown by UTS Geophysics Pty Ltd. using the industry leading time domain electromagnetic system and is expected to take six to seven days to complete the data acquisition. Helicopter-borne VTEMTM Max survey has commenced at the Kingfisher and Mick Well Projects in the Gascoyne region of Western Australia. More than 25km of strike length of the company's recently consolidated 50km of strike of the target geology horizon in the Gascoyne Mineral Field to be surveyed. Exploration is targeting metamorphosed volcanogenic massive sulphide copper mineralisation, with mineralisation at Mick Well outcropping as quartz reefs and gossanous ironstones up to 10m wide in places. The survey is an important component of the Company's exploration and targeting strategy, with 3,000m of RC drilling planned to follow up priority targets. The survey is effective at identifying any conductive sulphide mineralisation present up to depths of 300m below surface. Annuncio • Jun 15
Kingfisher Mining Limited Provides an Update of Its On-Going Exploration At Its 100% Owned Boolaloo Project in the Ashburton Basin of Western Australia Kingfisher Mining Limited provided an update of its on-going exploration at its 100% owned Boolaloo Project in the Ashburton Basin of Western Australia. The Company has commenced a helicopter-borne Versatile Time Domain Electromagnetic survey at the Boolaloo Project. The survey will cover more than 20km of strike of the Company's target geological unit and structures and will include more than 900 flight line kilometres and cover 165km2. The VTEMTM survey is being flown by UTS Geophysics Pty Ltd. using the industry leading time domain electromagnetic system and is expected to take seven days for the data acquisition to be completed. The Boolaloo copper-gold and base metal project is located approximately 160km west of Paraburdoo and 35km southwest of the Paulsen's gold mine in the Ashburton region of Western Australia. The Company has pegged exploration licences over the potential strike extents of the interpreted mineralised corridors, giving a significant strategic holding in an emerging province and tenure which now covers more than 30km of strike of the interpreted mineralised structures. Past exploration has established the potential for the discovery of copper mineralisation at the project, with previous reverse circulation drilling returning very encouraging results which include: 4m @ 1.06% Cu & 1.40 g/t Au from 109m, including 1m @ 1.41% Cu & 2.70 g/t Au from 110m (MIRC002); 3m @ 1.83% Cu & 1.12 g/t Au from 96m, including 1m @ 3.14% Cu & 1.38 g/t Au from 96m (MIRC004); 2m @ 1.44% Cu & 1.36 g/t Au from 137m, including 1m @ 2.28% Cu & 2.28 g/t Au from 138m (MIRC009); 3m @ 3.05% Cu & 0.57 g/t Au from 63m, including 2m @ 3.90% Cu & 0.77 g/t Au from 63m (MIRC013); and 2m @ 3.81% Cu & 0.62 g/t Au from 62m (MIRC027). The past exploration has also established significant mineralisation strike lengths at K15 and K16, with the K16 mineralised zone being intersected over a strike length of 1.5km. Annuncio • Jun 09
Kingfisher Mining Limited Provides Update of the On-Going Exploration at its Boolaloo Project Kingfisher Mining Limited provided an update of the on-going exploration at its Boolaloo Project in the Ashburton region of Western Australia. The diamond drilling at the Boolaloo Project has now been completed, with drill holes completed at the Copper Strike, K15 and K16 Prospects. Copper mineralisation was intersected in all holes, with drilling at Copper Strike intersecting multiple zones of mineralisation, including a broad zone of 16m of disseminated copper sulphides that were not sampled in the historic drilling. The results from Copper Strike, in particular, are very encouraging, confirming view of the potential scale of the broader project and mineralised system with multiple styles of vein, fracture-
fill and sediment-hosted disseminated mineralisation intersected in the drilling. The Company is now preparing for a large-scale airborne electromagnetic survey which will cover
20km of strike of the target geology, and together with the results from the current diamond drilling, will provide the main input for unlocking the exploration potential of the Company's tenure in the Ashburton Basin and form the basis for RC drilling programs to be undertaken later in the year. Photographs of the core samples which shows the copper sulphide and copper oxide minerals from the broad zone of intercalated mineralisation and sediments from BLDD003 from 23.3m to 40.1m, with detailed photographs. Intervals with copper mineralsation from BLDD002 and BLDD001. Location plans and cross sections for the diamond drill hole at the Copper Strike, K15 and K16 Prospects. The drill holes were designed to follow-up historic results and provide valuable insight into the geology, mineralisation and alteration for targeting at depth around the historic prospects as well as expanding to the east and west into regional areas within the Company's significant tenement holding which now encapsulates 30km of strike at Boolaloo. The previous results targeted in the current diamond drilling program included: 3m @ 1.83% Cu & 1.12 g/t Au from 96m, including 1m @ 3.14% Cu & 1.38 g/t Au from 96m (MIRC004) 1; 3m @ 3.05% Cu & 0.57 g/t Au from 63m, including 2m @ 3.90% Cu & 0.77 g/t Au from 63m (MIRC013)1; and 2m @ 3.81% Cu & 0.62 g/t Au from 62m (MIRC027). On-going Exploration Work Program Kingfisher is currently working on the following exploration activities: Exploration diamond drilling: The reported drill holes are part of 500m of diamond drilling to follow-up previous RC drill intercepts at the K15, K16 and Copper Strike Prospects at Boolaloo. The purpose of the drilling is to assess the mineralisation, alteration and host rock stratigraphy. This information will assist the Company with a 5,000m RC drilling program planned for Boolaloo later in the year. The diamond drilling will also provide samples for petrophysical analysis which will be used in to improve the interpretation of the geophysical surveys; Field work: Field work is underway at Boolaloo with first-pass mapping and rock chip sampling being completed in the alteration zones identified from the hyperspectral survey reprocessing. The fieldwork has the potential to lead directly to new drill targets, adding to the current targets at Boolaloo that are yet to be drill tested; Airborne electromagnetic survey (EM): A 1,700 line kilometre airborne EM surveys will commence at Boolaloo, Kingfisher and Mick Well in June 2021. Airborne EM surveys are effective in identifying conductive sulphide mineralisation up to depths of 300m below surface; a style of mineralisation which is targeted by the Company. The Boolaloo copper-gold and base metal project is located approximately 160km west of Paraburdoo and 35km southwest of the Paulsen's gold mine in the Ashburton region of Western Australia. The Company has pegged exploration licences over the potential strike extents of the interpreted mineralised structures, giving a significant strategic holding in an emerging province and tenure which now covers more than 30km of strike of the interpreted mineralised structures. Past exploration has established the potential for the discovery of copper mineralisation at the project, with previous reverse circulation (RC) drilling returning very encouraging results which include: 4m @ 1.06% Cu & 1.40 g/t Au from 109m, including 1m @ 1.41% Cu & 2.70 g/t Au from 110m (MIRC002) 1; 3m @ 1.83% Cu & 1.12 g/t Au from 96m, including 1m @ 3.14% Cu & 1.38 g/t Au from 96m (MIRC004) 1; 2m @ 1.44% Cu & 1.36 g/t Au from 137m, including 1m @ 2.28% Cu & 2.28 g/t Au from 138m (MIRC009) 1; 3m @ 3.05% Cu & 0.57 g/t Au from 63m, including 2m @ 3.90% Cu & 0.77 g/t Au from 63m (MIRC013)1; and · 2m @ 3.81% Cu & 0.62 g/t Au from 62m (MIRC027)2. Annuncio • Feb 18
Kingfisher Mining Limited Provides Update of the On-Going Exploration at Boolaloo Project in the Ashburton Region of Western Australia Kingfisher Mining Limited provided an update of the on-going exploration at its Boolaloo Project in the Ashburton region of Western Australia. An airborne hyperspectral survey covering a large part of the Boolaloo Project area has been reprocessed by specialist hyperspectral consultant, Western Geospectral. The reprocessed hyperspectral survey has provided the Company with significant insight into the geology and alteration at Boolaloo. The alteration includes mica, chlorite and iron oxide minerals and shows significant lateral extensions away from the outcropping mineralisation that was identified by previous exploration. 
