Kingfisher Mining boosts REE mineralisation at Mick Well
November 27, 2023 at 08:21 pm
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Kingfisher Mining Ltd (ASX:KFM) CEO James Farrell tells Proactive the company has confirmed four new high-grade rare earth element (REE) discoveries at its Mick Well Project in Western Australia’s Gascoyne Province. With more than 13.5 kilometres of mineralised strike identified so far, the company continues to receive encouraging results. More than 75% of samples have returned greater than 1% total rare earth oxides (TREO) and a peak value of 26.5% TREO and 4.6% neodymium and praseodymium oxide. A highlight is the presence of strongly mineralised ferrocarbonatite associated with the southeastern pipe target with up to 6.5% TREO.
“We are delighted with the latest discoveries that confirm the significant upside potential of the large-scale 7-kilometre by 4-kilometre carbonatite complex at Mick Well," 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.”
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Proactive Investors
Jonathan Jackson
+61 413 713 744
Jonathan@proactiveinvestors.com
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Kingfisher Mining Limited is an Australia-based company engaged in the exploration and development of natural resources. The Company is focused on exploration at its wholly owned projects in the Gascoyne and Ashburton Mineral Fields of Western Australia. Its tenements cover approximately 1,676 square kilometers in the underexplored Ashburton and Gascoyne Mineral Fields. The Company has made a high-grade rare-earth elements discovery at Mick Well, which lies in the Gascoyne Mineral Field; an emerging rare earths region where the Company holds about 969 square kilometers of exploration tenure and has an extensive target corridor for rare earth element mineralization. It also holds about 707 square kilometers in the underexplored Ashburton Mineral Fields where it holds advanced copper-gold exploration projects at Boolaloo, which is located about 35 kilometers from the Paulsens gold mine. Its projects in the Gascoyne region include the Mick Well, Kingfisher and Arthur River Projects.