Kingfisher Mining Advances Broken Hill Drilling with High-Grade Copper-Gold Results

Extensive Drilling Boosts Copper Blow Prospects

Kingfisher Mining Limited (ASX:KFM) has ramped up exploration momentum at its Broken Hill Project, completing 24 reverse circulation (RC) drill holes totaling nearly 3,000 metres across Copper Blow, Stephens Trig, and Allendale during the June quarter. The highlight remains the Copper Blow copper-gold project where 10 RC holes (1,576m) were drilled targeting infill and extensions to a roughly 600-metre mineralised system.

Following the quarter, assay results unveiled some of the highest-grade copper intercepts reported to date at Copper Blow, including a standout 26 metres at 2.57% copper and 0.75 grams per tonne gold from 73 metres, which included 13 metres grading 4.07% copper and 1.20 g/t gold. These results confirm the continuity of wide, shallow, high-grade mineralisation within the North Zone, reinforcing the project's advancement towards a maiden Mineral Resource Estimate.

Silver-Lead-Zinc Targets Progress with Assays Pending

Beyond Copper Blow, Kingfisher completed maiden drilling programs at the Stephens Trig and Allendale silver-lead-zinc prospects, with five and nine RC holes respectively. Stephens Trig, located 15 kilometres north of Broken Hill, is notable for a 1.5-kilometre strike lead-zinc anomaly beneath alluvial cover, representing a significant Broken Hill-type mineralised zone outside the main Line of Lode.

Allendale, situated about 40 kilometres north of Broken Hill, features a 2.5-kilometre strike length of structurally controlled high-grade silver, lead, and zinc mineralisation. Both projects’ assay results remain pending, with laboratory analysis underway, adding anticipation to the potential expansion of Kingfisher’s regional footprint.

Strategic Partnership with Broken Hill Mines Advances Development Pathway

Kingfisher continues to leverage its Mining and Processing Cooperation Agreement with Broken Hill Mines (ASX:BHM), which provides access to established mining and processing infrastructure in the region. This partnership aims to reduce capital expenditure and accelerate the timeline to production by utilising existing facilities, a critical advantage for advancing the Copper Blow and adjacent projects.

This agreement, inked earlier in 2026, underpins Kingfisher’s strategy to unlock value from its Broken Hill tenure, which covers approximately 640 square kilometres across multiple tenements with interests ranging from 75% to 100%. The Copper Blow project itself is held 75% by Kingfisher, with Broken Hill Mines holding the remaining 25%.

Wellington Project Survey Delayed but Tenure Secured

At the Wellington copper-gold project in the Macquarie Arc, Kingfisher planned an airborne geophysical survey to identify porphyry copper-gold targets concealed beneath shallow cover. However, technical difficulties with UAV survey equipment have delayed the survey’s commencement. The company is addressing these issues and expects to proceed once operational.

Importantly, Kingfisher has secured a tenure renewal for Wellington for an additional six years, maintaining its strategic position near significant deposits such as Boda and Kaiser. This tenure extension provides a solid foundation for future exploration once the geophysical work resumes.

Financial Position and Expenditure

Kingfisher closed the quarter with $1.157 million in cash. When combined with its equity holdings in Black Cat Syndicate Ltd and Dreadnought Resources Limited, total cash and listed investments approximate $2.486 million based on closing prices as of 30 June 2026. Exploration and evaluation expenditure for the quarter was $0.409 million, while payments to directors, including fees and superannuation, totaled $0.087 million.

The company’s cash burn and investment in exploration reflect a focused commitment to advancing its Broken Hill projects, balancing ongoing drilling programs with strategic infrastructure partnerships.