Ann: High Grade Base Metal Surface Sampling Results at Ring Well, page-4

A summary of this announcement:

*The announcement highlights significant findings from Kingfisher Mining's recent exploration at the Ring Well prospect, which has returned high-grade base metal surface sampling results, particularly for copper:

1. High-Grade Copper Samples: The exploration produced exceptional rock chip samples with copper values of 20.2% and 21.6% across a 44-meter outcrop. These grades are considered very high for surface sampling, suggesting the presence of a potentially valuable deposit.

2. Untested Prospect: Ring Well has not undergone prior drilling or surface geophysics, indicating that the site is largely unexplored. The findings suggest substantial upside potential as further investigations could uncover more extensive mineralization.

3. Ongoing Work: Kingfisher plans to extend the known strike length and explore mineralization at depth. Ground geophysics, such as electromagnetic (EM) and induced polarization (IP) surveys, will be employed to identify drilling targets. This follows the company's previous success with similar methods at the Mick Well project.

4. Strategic Location: The Ring Well prospect is strategically situated 12.3 km from Kingfisher's Mick Well rare earth element (REE) mineralization and 5.4 km from another base metal discovery, enhancing its potential as part of a broader mineralized system.

5. Regional Prospects: The announcement also references the broader Gascoyne region's potential for rare earths, lithium, and base metals. Kingfisher holds extensive tenements in the area, which has produced other high-grade discoveries. The company's approach includes evaluating both REE and base metal opportunities.

6. Future Exploration: There are plans to use mapping, geochemistry, and drilling to define the extent of the mineralization at Ring Well. Additionally, further evaluation of nearby prospects could lead to a more comprehensive understanding of the area's resource potential.

These findings mark a promising step for Kingfisher, with the high-grade results potentially leading to a new phase of exploration and development. The next stages will focus on verifying the extent and depth of the mineralization through systematic exploration.

*GPT4o