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GASCOYNE MINERAL FIELD

KINGFISHER MINING

MICK WELL AND KINGFISHER PROJECTS

The Mick Well and Kingfisher Projects are located approximately 230km east of Carnarvon, in the
Gascoyne region of Western Australia.

 

The Company recently made discoveries of hard rock and clay rare earth elements mineralisation at Mick Well. Both styles of mineralisation are
associated with carbonatites that intruded along a crustal-scale structural corridor, the Chalba Shear, which extends over a strike length of 54km within the Company’s tenure.

Significant drill results associated with the hard rock discovery of rare earths elements at MW2 include:

  • Multiple high grade REE discoveries along 54km Chalba target corridor.

  • Exciting large -scale targets on second target corridor, the Lockier Zone, which extends for 30km across Kingfisher’s tenure.

  • Large tenement holding with 969km2 of exploration tenure that covers key positions of the target corridors.

  • Full schedule of exploration activity to advance large -scale opportunities and rapidly progress discoveries.

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MWRC067: 6m at 0.98% TREO with 0.17% NdPr
MWRC067: 5m at 2.63% TREO with 0.54% NdPr
MWRC068: 5m at 1.54% TREO with 0.30% NdPr

MWRC059: 4m at 1.90% TREO with 0.34% NdPr

MWRC060: 2m at 1.51% TREO with 0.30% NdPr

MWRC033: 3m at 2.52% TREO with 0.41% NdPr

MWRC035: 4m at 3.24% TREO with 0.54% NdPr

MWRC041: 4m at 1.07% TREO with 0.17% NdPr

MWRC048: 5m at 0.83% TREO with 0.14% NdPr

MWRC049: 9m at 0.66% TREO with 0.11% NdPr

MWRC004: 12m at 1.12% TREO with 0.21% NdPr

MWRC011: 5m at 3.45% TREO with 0.65% NdPr

MWRC011: 4m at 1.03% TREO with 0.17% NdPr

MWRC013: 8m at 1.05% TREO with 0.19% NdPr

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MICK WELL CLAY REE MINERALISATION 

Breakthrough High Grade Ree Discoveries At Mw2, Mw7 And Mw8

Broad zones of clay hosted REE mineralisation at have also been discovered Mick Well. Geological interpretation has revealed a potential strike length of 6.5km for the mineralisation and drilling has delineated widths of 100m with vertical extents to 40m depth from surface. 
 

Significant new results from the clay mineralisation include:

 

  • MWRC067: 6m at 0.98% TREO with 0.17% NdPr
     

  • MWRC067: 5m at 2.63% TREO with 0.54% NdPr
     

  • MWRC068: 5m at 1.54% TREO with 0.30% NdPr
     

  • MWRC059: 4m at 1.90% TREO with 0.34% NdPr
     

  • MWRC060: 2m at 1.51% TREO with 0.30% NdPr
     

  • MWRC033: 3m at 2.52% TREO with 0.41% NdPr
     

  • MWRC035: 4m at 3.24% TREO with 0.54% NdPr
     

  • MWRC041: 4m at 1.07% TREO with 0.17% NdPr
     

  • MWRC048: 5m at 0.83% TREO with 0.14% NdPr
     

  • MWRC049: 9m at 0.66% TREO with 0.11% NdPr

Drilling and rock chips have so far delineated more than 6.5km of strike of outcropping REE mineralisation. Mineralisation consists of dominantly of monazite; a globally important sources of REEs. MW7 and MW8 discoveries are drill ready.

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Monazite sample MWGS0708 which assayed 40.02% TREO with 6.40% Nd2O3 + Pr6O11.

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Monazite (pale red) rich carbonatite samples MWGS0769 (left) and MWGS0770 (right) which assayed 21.55% TREO with 3.74% Nd2O3 + Pr6O11 and 15.19% TREO with 2.56% Nd2O3 + Pr6O11.

CHALBA SHEAR ZONE

54km Target Corridor With Multiple Discoveries And Large-Scale Untested Potential

New REE discovery at KF3 announced in Q1 2023, confirming the potential for high grade REEs 15km east of Mick Well.

 

Exploration work focused on large-scale targets identified from airborne geophysics also announced in Q1 2023.

 

More than 90% of Chalba target corridor yet to be geologically mapped by the Company.

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ARTHUR RIVER PROJECT

Large -Scale Carbonatite Targets

The Arthur River project is located approximately 50km northeast of the Gascoyne Junction. The project lies within the Gascoyne Complex and the geology of the area dominantly consists of quartzite, mafic amphibolite, ferruginous chert, marble and pegmatites.

Copper anomalism and historic workings are widespread through the project area, with historic rock chip samples returning results of up to 6.6% Cu. Early stage analysis by the Company has recognised a similar geochemical signature for Arthur River as Mick Well and Kingfisher.

 

REE -bearing ironstones and pathfinder elements intersected in historical drilling.

Highly anomalous REEs in historical rock chips from the LK1 target area Fenite alteration confirmed in reconnaissance mapping by Kingfisher.

Circular magnetic features interpreted to be potential ‘Mt Weld style’ intrusion pipes. High -priority geological mapping for target progression underway, with surface geochemistry planned to assist with defining drill targets.

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