Kingfisher Mining Confirms High-Grade Lead-Zinc-Silver Mineralisation at Allendale

High-Grade Mineralisation Validated by Latest Drilling

Kingfisher Mining Limited (ASX:KFM) has delivered a confident nod to its Allendale Silver-Lead-Zinc Project with reverse circulation drilling confirming significant high-grade mineralisation. The standout intersection came from hole 26ADRC_052, which returned 9 metres at 8.05% combined lead and zinc and 17.9 grams per tonne silver starting at 64 metres depth. Within this, a richer 5-metre zone hit 10.37% Pb+Zn and 23.2 g/t Ag, underscoring the system’s robust grades.

These results build on historical drilling at Allendale, which previously reported intervals as high as 10 metres at 16.1% Pb+Zn and 29 g/t Ag, demonstrating a persistent and high-quality mineralised system. The new data confirm mineralisation from shallow depths, highlighted by 7 metres at 1.90% Pb+Zn and 5.9 g/t Ag from just 5 metres in hole 26ADRC_054, down to deeper zones, with mineralisation remaining open and suggesting further potential extensions.

Strategic Positioning Within Broken Hill’s Base and Precious Metals Landscape

Allendale adds a compelling silver-lead-zinc opportunity to Kingfisher’s expanding portfolio in the Broken Hill district, complementing its flagship Copper Blow copper-gold project. The company’s Mining and Processing Agreement with Broken Hill Mines offers a strategic edge by potentially enabling the use of existing processing infrastructure. This arrangement could significantly reduce capital expenditure and accelerate any future development, sidestepping the need for standalone facilities.

Kingfisher’s Managing Director Chris Bittar highlighted the advantage of this setup, noting it supports a potentially faster, lower-capex pathway to production. The agreement frames Allendale’s exploration results within a broader strategy aimed at leveraging regional infrastructure, a notable consideration given the shallow mineralisation intersected in recent drilling.

Ongoing Exploration and Pipeline Advancement

The recent drilling campaign at Allendale consisted of nine RC holes totaling 802 metres, designed to test extensions of historically defined mineralised zones and improve geological understanding. The program confirmed continuity along strike and at depth, with holes 26ADRC_050 and 26ADRC_051 returning encouraging intervals such as 7 metres at 3.32% Pb+Zn and 7.9 g/t Ag, and 2 metres at 5.63% Pb+Zn and 41.5 g/t Ag respectively.

Kingfisher is integrating these results into its geological models to assess the broader potential and plan subsequent exploration phases. This fits within a wider work program that includes advancing Copper Blow drilling and metallurgical testwork, as well as reporting assay results from the Stephens Trig project. The company’s methodical approach aims to prioritize projects with the strongest potential within its Broken Hill portfolio.

With Allendale’s mineralisation confirmed from near surface to depth and remaining open, Kingfisher’s next steps will focus on defining the continuity and geometry of these zones along strike and at depth. The strategic use of existing processing infrastructure remains a pivotal factor in shaping the project’s development pathway.