Key highlights of the announcement

Kingfisher Mining Limited (ASX:KFM) has successfully completed the co-funded diamond drilling program at Mick Well, revealing significant rare earth element (REE) mineralisation and extensive carbonatite-related alteration zones. The program identified a new lode of REE mineralisation and broad intense potassic and epidote alteration zones, indicating the presence of a larger mineralisation system at depth. The drilling also intersected a complex geological suite of disseminated copper sulphides, quartz veining, and multiple pegmatites, which will undergo further assay for base metals, gold, and lithium.

Executive commentary on the drilling results

We are very pleased with the results of the recently completed co-funded drill program. MWDD001 intersected a new undiscovered REE lode approximately 250m from our previous drilling, representing the presence of blind targets. MWDD002 intersected greater than 200m of broad zones of epidote and potassic alteration, which can be used as a vector towards the carbonatite mineralisation. The abundance of pegmatites along with chalcopyrite and pyrite disseminated sulphides are encouraging and will be analyzed for base metals, gold, and lithium. Kingfisher would also like to acknowledge the support that DEMIRS has provided through the EIS program.

Summary of the announcement and outlook

The completion of the co-funded drilling program at Mick Well has unveiled promising findings for Kingfisher Mining. The discovery of a new REE lode and extensive alteration zones suggests the presence of a larger mineralisation system at depth. The identification of disseminated copper sulphides, quartz veining, and multiple pegmatites further enhances the potential for base metals, gold, and lithium. Kingfisher's Gascoyne Projects in Western Australia hold significant promise for rare earth element and lithium mineralisation, with the company making breakthrough discoveries in the region. The successful drilling program underscores Kingfisher's commitment to advancing its exploration projects and unlocking the potential of the Gascoyne Mineral Field.