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LK1 - Another Compelling Carbonatite Target


High tenor REE surface geochemistry anomalies associated with newly identified

carbonatite pipe targets at the large LK1 prospect.

Highlights


  • Several large Rare Earth Elements (REE) anomalies defined at LK1 from surface geochemistry survey, with peak LREO (Light Rare Earth Oxides) value of 0.21%.

  • Anomalies coincide with the new carbonatite pipe targets delineated from the recently completed ground gravity survey and airborne magnetics.

  • Prospectivity of new carbonatite pipe targets also confirmed from highly anomalous rock chip assays, which included 0.12% and 0.10% TREO (Total Rare Earth Oxides).

  • LK1 whilst being largely undercover shares many similarities with the Company’s exciting large high grade carbonatite discovery at Mick Well, which is located 30km east of LK1.

  • Planning underway for maiden drilling at LK1 at the commencement of the 2024 field season as part of a broader drilling program which includes Mick Well.


Kingfisher Mining Limited (ASX:KFM) (“Kingfisher” or the “Company”) is pleased to announce the definition of exciting carbonatite targets at the large LK1 REE target in the highly prospective Gascoyne Province.

Kingfisher’s Executive Director and CEO James Farrell commented: “Our early-stage exploration at LK1 is progressively revealing another area of extensive carbonatite targets; a very large and exciting target that is 30km west of our well-defined high grade Mick Well Project and has all the right credentials to add a new area of discoveries to the Company’s REE portfolio.


All of our experience with on-going discoveries at Mick Well has been put into action at LK1. As we successfully applied at Mick Well, we have used the geophysics to identify dense, magnetic pipe-like features which appear very-much like carbonatite intrusion centres. We have also completed a soil geochemistry survey to help us target below the thin surficial cover that is present across the LK1 area. The soil geochemistry has revealed several REE anomalies, including a large anomaly with an outstanding peak value of 0.21% LREO that is coincident with one of our high-priority radiometric targets”.








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