Kingfisher Mining (ASX: KFM) – explore REE in Gascoyne

COMPANY SCOREBOARD

Pro Plus	Pro	Con Plus	Con
	Modest overheads with exploration focus		Average REE grades with thin lodes structure

ABOUT COMPANY

Kingfisher Mining (KFM) (https://kingfishermining.com.au/) explores gold and base metals in Western Australia. Its flagship is the Boolaloo Copper-Gold Project in the underexplored Ashburton Mineral Fields.

The company was listed in December 2020 by raising $6m@20c.

CAPITAL STRUCTURE


ASX Code	Share Price	Shares	Option (In)	Market Cap	Cash/Asset ($m)
KFM	0.079	53715001		4243485.079	2/0


Holders No	Top 20 (Cur)	Top 20 (Pre)	Director Hold	Performance Right	Note
1132	40.47%	41.70%	9.23%		last raise $4.25m@42.5c

FLAGSHIP ASSETS

Kingfisher, Mick Well and Arthur River Copper Project Gascoyne WA (693km2)

Mick Well REE Project Gascoyne WA

Gascoyne - REE, Li - HAS, DRE, RDT, KFM

Project Data

The mineralisation is in lode structure from surface with most grades less than 1%. Nd2O3 makes around 20% of the total TREO.

OTHER ASSETS

Boolaloo Copper-Gold Project Ashburton WA (713km2)

Ashburton - Gold, Base Metals - BC8, KZR, CAZ, TMB

SUMMARY

The REE readings to date are thin, average graded, and inconsistent.