Additional granted tenements at Kingfisher’s Gascoyne rare earth elements (REE) projects adds a new target corridor with a strike length of 18km.
The new project has been named Mooloo and has the same geology, regional geophysics and a similar high thorium response as the Mick Well area where the Company has made a high grade REE discovery that contains the high-value magnet REEs, neodymium and praseodymium.
Target generation work for Mooloo is set to commence along with the Company’s other project areas once the results from the recent airborne geophysics surveys are received.
James Farrell, Kingfisher’s Executive Director and CEO
“The grant of the tenements at the new Mooloo Project opens an entirely new area in the highly prospective Gascoyne region. We originally applied for these tenements as we recognised a number of geological similarities with the criteria we use for targeting the rare earth element mineralisation in our other Gascoyne tenure; an approach which has resulted in discoveries at MW2, MW7 and MW8. Applying our knowledge from those discoveries has allowed us to identify a new target corridor which extends over a strike length of 18km at the Mooloo Project."
We are excited to get on the ground at Mooloo with target generation commencing shortly once we receive the results from our recent airborne geophysics surveys; work which we anticipate will build an extensive pipeline of exploration targets and projects that will need to be progressively explored over the years to come.
The Company’s latest drilling program is also underway, with drilling targeting high grade REE mineralisation at MW2.”