New high grade REE discoveries significantly increase strike length of mineralisation and scale of Mick Well carbonatite pipe target area
Highlights
Mick Well mineralisation strike length now exceeds 20km with further high grade REEs discovered at the new MW14 target.
Substantial regional scale carbonatite intrusion centre is now recognised to extend over an area of 10km by 4km.
Further strongly mineralised ferrocarbonatite dykes discovered on several new orientations, with outstanding results up to 30.1% Total Rare Earth Oxides (TREO) and 6.2% Nd₂O₃ + Pr₆O₁₁ (MWGS3135).
Significant potential for discovery of additional mineralisation recognised, with 2024 focus to be drill testing of priority surface targets and carbonatite pipe targets.
Kingfisher Mining Limited (ASX:KFM) (“Kingfisher” or the “Company”) is pleased to announce a substantial increase in the scale of the Mick Well carbonatite intrusion centre and the discovery of further high grade rare earth elements mineralisation.
Kingfisher’s Executive Director and CEO James Farrell commented: “Mick Well is now confirmed as a significant regional scale carbonatite centre and continues to grow on the back of our successful targeting strategy which is continuing to deliver further high grade REE discoveries.
The latest discoveries have significantly increased our understanding of the scale of the Mick Well Prospect. The carbonatite mineralisation intrusion centre is now recognised to extend over a strike length of 10km along the Chalba Shear Zone, with three large carbonatite pipe targets at its centre and more than 20km of high grade dyke and vein mineralisation extending away from the pipes.
The latest results bring to a close our 2023 field season; another very active and successful year for the Company where we have seen substantial increases to the mineralisation at Mick Well, the discovery of additional carbonatite intrusive centres and the delineation of an exciting new target area at LK1, 30km west of Mick Well. In addition to our ongoing REE discovery, we have also identified exciting lithium pegmatite targets at Chalby Chalby, with more than 13km of strike of pegmatites mapped and rock chip results up to 0.6% Li₂O.
Our planning for next year is already well advanced. We will commence the 2024 field season with drilling programs to test the exciting targets we delineated in 2023.
I’d like to extend a warm thank you to our team and to our shareholders, I’m already looking forward to 2024 which will no doubt be a very exciting year for KFM.”