Kingfisher Drills 930m at Copper Blow, Integrates High-Grade Allendale Results

Strategic NSW Acquisition Bolsters Kingfisher’s Footprint

Kingfisher Mining Limited (ASX – KFM) has taken a decisive step in expanding its exploration portfolio with the completion of a major acquisition of 11 tenements across key New South Wales mining districts. The newly acquired 700 square kilometre package spans the Broken Hill, Cobar, and Macquarie Arc regions, areas renowned for their rich endowment of copper, gold, silver, lead, and zinc mineralisation. This acquisition, finalised in December 2025 following shareholder approval, positions Kingfisher as a significant player in these historically productive regions.

Drilling Underway at Copper Blow IOCG Prospect

Immediately following the acquisition, Kingfisher mobilised a reverse circulation drilling rig to the Copper Blow project near Broken Hill, marking the first drilling activity at the site in over seven years. The initial program comprised six holes totalling 930 metres, targeting infill and extensional zones within the main mineralised lodes. Copper Blow is an Iron Oxide Copper-Gold (IOCG) prospect with historical intercepts including 16 metres at 2.67% copper and 0.62 grams per tonne gold, underscoring its potential. Assay results from this drilling are anticipated by the end of January 2026 and will be critical in advancing towards a maiden Mineral Resource Estimate.

Expanding Exploration Pipeline with Historical High-Grade Targets

Beyond Copper Blow, Kingfisher is integrating compelling historical data from the Allendale silver-lead-zinc project into its 2026 exploration schedule. Past drilling at Allendale has returned impressive grades such as 10 metres at 16.1% lead plus zinc and 29 grams per tonne silver, highlighting the prospect’s high-grade potential. A systematic review of the broader Broken Hill portfolio is underway to identify further walk-up drill targets, with a focus on silver, lead, and zinc mineralisation. Regulatory and land access approvals are progressing to facilitate timely commencement of these programs.

Geophysical Surveys to Refine Targeting Across NSW Projects

Kingfisher has engaged Terra Resources to conduct a comprehensive review of historical geophysical data across its NSW portfolio, with particular emphasis on Copper Blow and the Wellington project in the Macquarie Arc. The Wellington project, strategically located near significant porphyry copper-gold deposits, is slated for airborne geophysical surveys in the first quarter of 2026. These surveys aim to detect concealed magnetic signatures indicative of large-scale mineral systems, thereby refining drill targeting and enhancing exploration efficiency.

Western Australia REE Projects Under Strategic Review

In Western Australia, Kingfisher continues to hold a substantial 938 square kilometre landholding in the Gascoyne Mineral Field, home to the high-grade Mick Well rare earth element (REE) discovery. The company is conducting an internal strategic review to optimise capital deployment across its WA assets. Recent drilling at Mick Well has confirmed significant TREO (total rare earth oxides) grades, with multiple prospects demonstrating promising mineralisation associated with large carbonatite intrusions. As global demand for critical REEs strengthens, Kingfisher’s focus on advancing these projects could prove timely.

Financial Position and Corporate Developments

Kingfisher closed the quarter with $2.163 million in cash and an additional $0.248 million in listed investments, providing a solid financial base to support ongoing exploration activities. Exploration expenditure for the quarter was $356,000, reflecting active field programs. The company also announced a board change with the resignation of founding director and former chair Warren Hallam, effective January 2026, and the appointment of Chris Bittar as Managing Director, signaling a new leadership phase aligned with the company’s growth ambitions.