Kingfisher Mining's LK1 Prospect Announcement

Kingfisher Mining Limited (ASX:$KFM) has announced the definition of exciting carbonatite targets at the large LK1 REE target in the highly prospective Gascoyne Province. The company has identified several large Rare Earth Elements (REE) anomalies at LK1 from surface geochemistry survey, coinciding with the delineation of new carbonatite pipe targets from ground gravity survey and airborne magnetics. The prospectivity of these targets has been confirmed from highly anomalous rock chip assays, with planning underway for maiden drilling at LK1 at the commencement of the 2024 field season.

Executive Commentary

Our early-stage exploration at LK1 is progressively revealing another area of extensive carbonatite targets, a very large and exciting target that is 30km west of our well-defined high grade Mick Well Project and has all the right credentials to add a new area of discoveries to the Company's REE portfolio. All of our experience with on-going discoveries at Mick Well has been put into action at LK1. As we successfully applied at Mick Well, we have used the geophysics to identify dense, magnetic pipe-like features which appear very-much like carbonatite intrusion centres. We have also completed a soil geochemistry survey to help us target below the thin surficial cover that is present across the LK1 area. The soil geochemistry has revealed several REE anomalies, including a large anomaly with an outstanding peak value of 0.21% LREO that is coincident with one of our high-priority radiometric targets.

Summary of Announcement

Kingfisher Mining Limited (ASX:KFM) has defined exciting carbonatite targets at the large LK1 REE target in the highly prospective Gascoyne Province. The company has identified several large Rare Earth Elements (REE) anomalies at LK1 from surface geochemistry survey, coinciding with the delineation of new carbonatite pipe targets from ground gravity survey and airborne magnetics. The prospectivity of these targets has been confirmed from highly anomalous rock chip assays, with planning underway for maiden drilling at LK1 at the commencement of the 2024 field season. Kingfisher is undertaking high impact and value building exploration programs targeting large-scale carbonatite targets along its 54km Chalba target corridor and its 30km long Lockier target corridor. The program will test high priority carbonatite targets across the Company's belt-scale tenement holding, building upon the significant carbonatite discoveries, which confirmed the presence of high grade REE mineralisation along the Chalba target corridor. The company's Gascoyne tenure is also prospective for lithium-bearing Thirty Three Suite Pegmatites. The timeline for the planned and completed activities for 2023 for Kingfisher's projects are also provided, with upcoming news expected in December 2023 regarding further results from ongoing mapping and rock chip sampling of the high grade REE system at Mick Well.