- Kingfisher Mining (ASX:KFM) unveils the latest assay results from carbonatite mapping activities within the Mick Well area in WA
- The company has made four new high-grade REE discoveries at Mick Well, expanding the known mineralisation to more than 13.5 kilometres
- Assays reveal that more than 75 per cent of samples returned with greater than one per cent TREO, peaking at 26.5 per cent TREO and 4.6 per cent Nd2O3 + Pr6O11
- Ongoing mapping around interpreted carbonatite pipes is expected to uncover additional mineralisation
- KFM shares are up 14.7 per cent, trading at 19.5 cents at 1:33 pm AEDT
Kingfisher Mining (ASX:KFM) has unveiled the latest assay results from carbonatite mapping activities within the Mick Well area of the Gascoyne Province in Western Australia.
The company has made four new high-grade rare earth element (REE) discoveries at Mick Well, expanding the known mineralisation to more than 13.5 kilometres.
Mick Well discoveries
Ferrocarbonatite and vein samples from recently identified carbonatite pipe targets confirmed high-grade REE mineralisation at MW10, MW11, MW12, and MW13. These discoveries contribute in excess of 4.1 kilometres to the extended mineralisation zone.
Particularly noteworthy is the north-striking mineralization at MW11, which indicates a new orientation and highlights the additional potential of the large-scale carbonatite complex.
“We are delighted with the latest discoveries… We continue to see exceptionally high grade results from ferrocarbonatites which are associated with our large carbonatite plug targets.” KFM Executive Director and CEO James Farrell said.
“Our work in the area is continuing to expand this very large high-grade REE opportunity and we anticipate we will be announcing further high-grade discoveries before year’s end”.
Carbonite sample review
The assay results reveal that more than 75 per cent of samples returned with greater than one per cent total rare earth oxides (TREO), peaking at 26.5 per cent TREO and 4.6 per cent Nd2O3 + Pr6O11.
Ongoing mapping around interpreted carbonatite pipes is expected to uncover additional mineralisation.
Gascoyne exploration program
In addition to the Mick Well discoveries, Kingfisher’s exploration program targets large-scale carbonatite sites in the 54-kilometre Chalba and 30-kilometre Lockier corridors, building upon previous discoveries along the Chalba corridor.
The company is also exploring lithium prospects in its Chalby Chalby tenements, demonstrating a comprehensive strategy to advance its mineral resource portfolio and unveil opportunities within diverse geological assets.
KFM shares were up 14.7 per cent, trading at 19.5 cents at 1:33 pm AEDT.