Kingfisher Mining Secures $2.35M Cash, Plans Drilling at Copper Blow and Mick Well

Strategic Acquisition Nears Completion

Kingfisher Mining Limited (ASX – KFM) has taken a significant step forward in expanding its New South Wales footprint with shareholder approval secured for the acquisition of a portfolio of copper-gold, gold, and silver-lead-zinc projects. The $400,000 consideration, split evenly between cash and shares, covers eleven tenements spanning approximately 700 square kilometres across the Broken Hill, Cobar, and Macquarie Arc regions. The transfer of these tenements is now in its final administrative phase, positioning Kingfisher to unlock value in these historically rich mining districts.

Exploration Momentum Builds in NSW

Kingfisher is moving swiftly to capitalise on the acquisition with a targeted exploration campaign. The Copper Blow Iron Oxide Copper-Gold (IOCG) project, located just 20 kilometres southeast of Broken Hill, is the immediate focus. The company has designed an infill and extensional drilling program aimed at confirming and expanding on historical high-grade mineralisation, including intercepts such as 16 metres at 2.67% copper and 0.62 grams per tonne gold. Regulatory and land access approvals are progressing, with drilling expected to commence once all permissions are secured.

Simultaneously, a systematic geological review is underway for the West Broken Hill silver-lead-zinc prospects. This review aims to validate historical data and define clear drill targets ahead of final licence grants, potentially fast-tracking exploration activities in this prolific region.

Geophysical Data Review Enhances Targeting

To complement field activities, Kingfisher has engaged Terra Resources to conduct an extensive review of historical and current geophysical datasets across its NSW portfolio, including Copper Blow, Wellington Copper-Gold, and Cobar projects. This analysis seeks to identify new drill targets by refining magnetic and conductive anomalies associated with mineralisation, thereby strengthening the pipeline of prospects for future drilling campaigns.

Rare Earth Element Discoveries Highlight Gascoyne Potential

Beyond NSW, Kingfisher’s Gascoyne projects in Western Australia continue to impress, particularly the Mick Well Rare Earth Element (REE) project. The company has delineated over 20 kilometres of high-grade REE mineralisation within a large carbonatite intrusion, with multiple pipe-like targets close to surface. Recent drilling results have confirmed significant concentrations of total rare earth oxides (TREO), including neodymium and praseodymium, critical for emerging clean energy technologies.

Kingfisher is planning follow-up exploration focusing on high-priority prospects MW8 through MW11, leveraging improved market conditions for REEs. This strategic focus aligns with global demand trends for critical minerals.

Financial Position Supports Growth

Kingfisher closed the quarter with a robust cash position of $2.351 million and listed investments valued at approximately $0.281 million, totaling $2.596 million. This follows a successful capital raising of around $1.85 million through placements and entitlement issues, providing the financial flexibility to advance exploration and development activities. Quarterly exploration expenditure was $0.162 million, with director fees accounting for $0.051 million.

With approvals pending and exploration programs gearing up, Kingfisher is well-positioned to deliver on its growth strategy across multiple mineral commodities and regions.