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    • Nov 29, 2022

Assays from MW7 Confirm Another High Grade REE Discovery


Mick Well Mineralisation Strike Exceeds 5km


Highlights


  • MW7 rock chip assays confirm a strike length of over 1km of high grade rare earth element (REE) mineralisation for the prospect. New assays from MW7 include:

- 31.82% TREO (Total Rare Earth Oxides) with 5.99% Nd2O3 + Pr6O11 (MWGS1378)

- 20.11% TREO with 3.40% Nd2O3 + Pr6O11 (MWGS1347)

-15.42% TREO with 2.71% Nd2O3 + Pr6O11 (MWGS1355)

- 5.29% TREO with 2.31% Nd2O3 + Pr6O11 (MWGS1360)

-15.11% TREO with 2.57% Nd2O3 + Pr6O11 (MWGS1361)

-15.10% TREO with 2.29% Nd2O3 + Pr6O11 (MWGS1350)

-14.17% TREO with 2.49% Nd2O3 + Pr6O11 (MWGS1377)

-13.81% TREO with 2.55% Nd2O3 + Pr6O11 (MWGS1376)

-13.15% TREO with 2.18% Nd2O3 + Pr6O11 (MWGS1346)

-13.05% TREO with 2.27% Nd2O3 + Pr6O11 (MWGS1364)

-12.14% TREO with 1.91% Nd2O3 + Pr6O11 (MWGS1371)

-11.28% TREO with 2.08% Nd2O3 + Pr6O11 (MWGS1358)

-10.87% TREO with 1.83% Nd2O3 + Pr6O11 (MWGS1368)

  • The total strike length of mapped outcropping dykes and veins at the MW2, MW7 and MW8 prospects so far exceeds 5km, with surface mapping targeting additional mineralisation on-going within the Company’s 54km Mick Well REE target corridor.

  • Additional rock chips from MW2 collected in late October have led to the identification of additional mineralisation, with new results including:

- 20.78% TREO with 3.31% Nd2O3 + Pr6O11 (MWGS1399)

- 17.65% TREO with 2.54% Nd2O3 + Pr6O11 (MWGS1402)

- 17.55% TREO with 2.57% Nd2O3 + Pr6O11 (MWGS1417)

- 9.96% TREO with 1.66% Nd2O3 + Pr6O11 (MWGS1400)

  • The current drill program at MW2 is now over 35% complete, with the first samples already despatched for laboratory analysis, with first results expected January 2023.


James Farrell, Kingfisher’s Executive Director and CEO


“Our on-going field work along our 54km target corridor at Mick Well continues to deliver new high grade REE discoveries, with the latest results from MW7 confirming another series of parallel dykes and veins just 700m northwest of our high grade MW2 discovery. The current mapping has largely focused on just 5km of the 54km corridor and has already confirmed over 5km of outcropping mineralisation in cross-cutting structures. There is no doubt this is developing into a significant REE corridor and region.


Our drilling program at MW2 is progressing well and is on schedule. The first samples have already left site and we expect to see the first laboratory assays in January of next year”.




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