Kingfisher Mining Restarts Drilling to Expand Copper Blow Copper-Gold Resource

Drilling Resumes at Copper Blow After Weather and Regulatory Delays

Kingfisher Mining (ASX:KFM) has mobilised a reverse circulation rig to restart drilling at its Copper Blow Copper-Gold Project near Broken Hill, NSW. This next phase aims to extend the mineralised lodes identified in the December 2025 program, which confirmed continuous copper-gold mineralisation across approximately 600 metres of strike. The drilling was delayed earlier this year due to weather, access, and regulatory approvals but is now underway.

Building on High-Grade Intercepts to Define a Maiden Resource

The December drilling returned several significant intercepts, including 13 metres at 1.2% copper and 0.26 g/t gold from 23 metres, with higher-grade zones such as 4 metres at 3.43% copper and 0.74 g/t gold. These results validated historical drilling and confirmed broad copper-gold mineralisation in both the North and South Zones of Copper Blow. The current drilling phase is designed to extend mineralisation along strike and down plunge, improve geological confidence, and advance toward a Maiden Mineral Resource Estimate.

This drilling campaign is a direct continuation of Kingfisher’s efforts to develop the Copper Blow project as a key asset within its NSW portfolio. The project’s location within a prominent 4-kilometre magnetic anomaly suggests significant exploration upside beyond the currently defined zones.

Strategic Processing Agreement Enhances Development Prospects

Kingfisher’s recent Mining and Processing Agreement with Broken Hill Mines, signed in March 2026, provides a crucial pathway to process Copper Blow ore using existing infrastructure at Broken Hill. This arrangement reduces capital expenditure and accelerates potential cashflow, aligning with the company’s broader development strategy. The agreement also covers other satellite deposits, highlighting a regional approach to unlocking value.

The significance of this partnership is underscored by the company’s prior announcement detailing the 10-year pact with Broken Hill Mines, which enables access to the Rasp Mine processing plant with a 750,000 tonnes per annum capacity. This deal is a cornerstone for Kingfisher’s plans to transition from exploration to development in the Broken Hill region. 10-year Mining and Processing Cooperation Agreement signed

Expanding Exploration Across Broken Hill Tenure

Beyond Copper Blow, Kingfisher is advancing exploration at several other Broken Hill projects. The Allendale project boasts historical high-grade results, including 10 metres at 16.1% lead plus zinc and 29 g/t silver, and remains a priority target. Maybell and Stephens Trig prospects also show promising lead, zinc, and silver mineralisation but have not been extensively drilled by modern standards.

Kingfisher is leveraging historical datasets alongside modern geophysical techniques to rapidly progress these targets. The company has engaged Terra Resources to conduct a comprehensive review of geophysical data at Copper Blow and the Wellington project, the latter situated within the Macquarie Arc near major porphyry copper-gold deposits. This work aims to refine and prioritise future drilling targets, with Wellington surveys planned pending contractor availability.

Next Steps and Market Watchpoints

Kingfisher plans to complete the current RC drilling phase at Copper Blow, continue geological modelling, and evaluate mineralisation extensions. The pace at which assay results emerge and the Maiden Mineral Resource Estimate is delivered will be critical milestones. The company’s ability to capitalise on its processing agreement and convert exploration success into development progress will shape investor sentiment.

Given the delays experienced earlier this year, the timing of these developments remains uncertain. However, Kingfisher’s systematic approach and strategic partnerships position it well to unlock value across its Broken Hill portfolio.