Ann: Kingfisher Mining Investor Presentation, page-17

From Stock Head Today - Bargain Barrel

KINGFISHER MINING (ASX:KFM)

Market Cap: $7.9m

Late last year, copper-gold focused explorer KFM decided to see if its ground in the Gascoyne region of WA had rare earths potential.

The early omens were good, with the project a proverbial stone’s throw (~100km away) from Hastings Technology Metals’ (ASX:HAS) world-class 27.42Mt @ 0.97% TREO ‘Yangibana’ deposit.

In January promising results from a late 2021 drilling program were announced, including an “impressive” 12m at 1.12% total rare earth oxides (TREO) at the ‘Mick Well’ prospect.

This included a 4m long high-grade chunk grading 1.73% TREO.

KFM has also identified 12 other areas which have the potential to host rare earth elements (REEs).

“The discovery of the mineralisation and numerous outcropping carbonatites has highlighted the significant exploration potential of the area,” CEO James Farrell says.

“Kingfisher has recently expanded its land holding in the region [to 969sqkm] with targeted pegging of tenements considered prospective for rare earth elements.

“The company is developing a full exploration strategy for this extensive exploration tenure as it continues to increase its efforts in the search for highly sought-after rare-earth elements.”