Kingfisher Mining's exploration success

Kingfisher Mining (ASX:KFM) has announced promising results from its diamond drilling program at the Mick Well project in Western Australia. The assays reveal the presence of rare earth elements and base metal mineralisation within a large carbonatite alteration halo. This aligns Mick Well with other global rare earth element systems.

Strategic implications and future outlook

Kingfisher Mining's recent drill results at Mick Well unveil two new rare earth zones, with notable assays including 0.85 meters at 1.39% TREO. The company has received 80% of the co-funded drilling refund ($152,403.65) from the Exploration Incentive Scheme, with the remainder pending core submission. Kingfisher aims to target the carbonatite source and expand their understanding of the carbonatite alteration halo. Future strategies involve using downhole geophysics and 3D modelling of data to explore further targets. Kingfisher's projects in the Gascoyne region, including Mick Well and Chalby Chalby Lithium Project, span 938 km², highlighting the company's dedication to exploring and developing mineral resources in Western Australia.

Executive insights on Mick Well discovery

The assays confirm the presence of rare earth elements (REE) and base metal mineralisation within a large carbonatite alteration halo. This discovery aligns Mick Well with other global REE systems, often associated with carbonatites and base metals. Two new rare earths zones were identified, with notable results including 0.85 meters at 1.39% Total Rare Earth Oxide (TREO) and additional copper and gold mineralisation.