Key highlights of Kingfisher Mining's quarterly activities report

Kingfisher Mining Ltd (ASX: $KFM) has received $200,000 government co-funding for drilling Mick Well carbonatite pipe targets. The company has completed heritage clearances at Mick Well and secured a contractor for diamond drilling to commence in August. Kingfisher holds cash and listed investments of $1.955M* and has appointed Mr Stephen Brockhurst as Non-Executive Director, with Mr James Farrell departing from his role as Executive Director and CEO.

Executive commentary on Mick Well carbonatite targets and base metal opportunities

During the period, preparations to test the Mick Well carbonatite targets identified by geophysics were commenced. Heritage surveys and the selection of the drilling contractor have been completed, and the company is excited to commence diamond drilling in August. The exploration team has also initiated a review of potential base metal opportunities within the company's tenure, with encouraging early stage results showing elevated gold and bismuth with high-grade copper.

Summary of Kingfisher Mining's quarterly activities and outlook

Kingfisher Mining has made significant breakthroughs in rare earth element discoveries and is set to commence diamond drilling at Mick Well with government co-funding. The company is also exploring potential base metal opportunities within its tenure. With cash and listed investments of $1.955M, Kingfisher is well-positioned to advance its exploration efforts and capitalize on the extensive Gascoyne tenement holding. The company's focus on sustainable rare earths and lithium projects underscores its commitment to critical metals exploration and development.