KINGFISHER MINING LTD — Capital/Financing Update 2021

Mar 23, 2021

ASX Announcement: 24 March 2021

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DIAMOND DRILLING TO COMMENCE AT KINGFISHER’S BOOLALOO COPPERGOLD PROJECT

• Diamond drilling program to commence at Kingfisher’s flagship Boolaloo Project.

• Program designed to follow-up previous RC drill intercepts at the K15, K16 and Copper Strike Prospects

• Drilling designed to assess the mineralisation, alteration and host rock stratigraphy and assist the Company with designing a further 5,000m RC drilling program which will be completed later in the year

• The diamond drilling will also provide samples for petrophysical analysis to improve the interpretation of the upcoming geophysical surveys

• Preparation field work to commence this week

Kingfisher Mining Limited ( ASX:KFM ) (“ Kingfisher ” or the “ Company” ) is pleased to provide an update of the on-going exploration at its flagship Boolaloo Project in the Ashburton region of Western Australia.

Diamond drilling is set to commence at the Boolaloo Project during the week beginning 12 April 2021. Diamond drill holes will be completed at the K15, K16 and Copper Strike Prospects.

Kingfisher’s Executive Director and CEO James Farrell commented: “We are excited to get the Company’s maiden drill program underway and the maiden diamond drill program for the Boolaloo Project.

Our first drill program is a significant milestone for the Company. This program will be the first drill holes to be completed in the area for more than 12 years; an area where past exploration has already established the potential for copper and gold mineralisation.

Unfortunately, the excessive rain in the Ashburton this season has been frustrating over the past few weeks as we have been forced to delay our field work and the start of the drilling program.

Diamond Drilling Program

A 500m diamond drilling program is set to commence at the Boolaloo Project. The diamond drilling has been designed to follow-up previous reverse circulation (RC) drill intercepts at the K15, K16 and Copper Strike Prospects. The purpose of the drilling is to assess the mineralisation, alteration and host rock stratigraphy which will assist the Company with designing a 5,000m RC drilling program planned for Boolaloo later in the year. The diamond drilling will also provide samples for petrophysical analysis which will be used to improve the interpretation of the geophysical surveys.

Significant historic drill results close to the up-coming diamond drilling include:

• 4m @ 1.06% Cu & 1.40 g/t Au from 109m, including 1m @ 1.41% Cu & 2.70 g/t Au from 110m (MIRC002) and 2m @ 1.44% Cu & 1.36 g/t Au from 137m, including 1m @ 2.28% Cu & 2.28 g/t Au from 138m (MIRC009)[1] ;

• 3m @ 3.05% Cu & 0.57 g/t Au, including 2m @ 3.90% Cu & 0.77 g/t Au from 63m (MIRC013)[1] and

• 2m @ 3.81% Cu & 0.62 g/t Au from 62m (MIRC027)[2] .

ABN: 96 629 675 216 Registered Address: Level 11, London House, 216 St Georges Terrace, Perth WA 6000 AUSTRALIA Postal Address: GPO Box 2517 Perth WA 6831 AUSTRALIA P: +61 8 9481 0389 F: +61 8 9463 6103 E: info@kingfishermining.com.au W: www.kingfishermining.com.au Non-Executive Chairman: Warren Hallam Executive Director/CEO: James Farrell Non-Executive Director: Adam Schofield Non-Executive Director: Scott Huffadine Company Secretary: Stephen Brockhurst

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Location plans and cross-sections for the planned drilling at the K15, K16 and Copper Strike Prospects are shown in Figure 1 to Figure 5.

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Legend
Cu%
0.0 – 0.1
0.1 – 0.3
A’ 0.3 – 0.5
0.5 – 1.0
1.0 – 2.0
2.0 – 5.0
>5.0
Rock Chips
K15
Historic Drill hole
B’ × Planned Drill hole
Mineralisation
A
K16
B
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Figure 1: Plan view of the K15 and K16 Prospects at Boolaloo, showing the locations of the planned diamond drill holes as well as historic drill holes[1] and rock chip samples[3] . Cross sections A-A’ and B-B’ are shown in Figure 2 and Figure 3.

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A A’
15.1% Cu, 4.5 g/t Au
9.3% Cu, 1.1 g/t Au
5.8% Cu, 0.4 g/t Au
3m @ 3.1% Cu & 0.57 g/t Au
Legend
Cu%
0.0 – 0.1
0.1 – 0.3
0.3 – 0.5
0.5 – 1.0
1.0 – 2.0
2.0 – 5.0
>5.0
Rock Chips
Historic Drill hole
× Planned Drill hole
Mineralisation
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Figure 2: Cross section A-A’ at the K15 Prospect showing the location of the planned diamond drill hole as well as historic drill holes[1] and rock chip samples[3] . The location of the cross section is shown in Figure 1.

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B B’
6.5% Cu & 2.1 g/t Au, 0.9% Cu & 0.2 g/t Au
5.0% Cu & 6.4 g/t Au &
4.6% Cu & 2.1 g/t Au
2m @ 1.5% Cu & 0.1 g/t Au
Legend
Cu%
0.0 – 0.1
4m @ 1.1% Cu & 1.4 g/t Au 0.1 – 0.3
0.3 – 0.5
0.5 – 1.0
1.0 – 2.0
2.0 – 5.0
2m @ 1.4% Cu & 1.4 g/t Au >5.0
Rock Chips
Historic Drill hole
× Planned Drill hole
Mineralisation
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Figure 3: Cross section B-B’ at the K16 Prospect showing the interpreted mineralisation and the location of the planned diamond drill hole as well as historic drill holes[1] and rock chip samples[3] . The location of the cross section is shown in Figure 1.

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C’
Legend
Cu% C
0.0 – 0.1
0.1 – 0.3
0.3 – 0.5
0.5 – 1.0
1.0 – 2.0
2.0 – 5.0
>5.0
Rock Chips
Historic Drill hole
× Planned Drill hole
Mineralisation
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Figure 4: Plan view of the Copper Strike Prospect at Boolaloo, showing the locations of the planned diamond drill holes as well as historic drilling[2] and rock chip samples[3] . Cross section C-C’ is shown in Figure 5.

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C C’
5.2% Cu, 0.5 g/t Au
5.7% Cu, 0.4 g/t Au
?
2m @ 3.8% Cu, 0.6 g/t Au
Legend
Cu%
0.0 – 0.1
0.1 – 0.3
0.3 – 0.5
0.5 – 1.0
1.0 – 2.0
2.0 – 5.0
>5.0
Rock Chips
Historic Drill hole
× Planned Drill hole
Mineralisation
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Figure 5: Cross section C-C’ at the Copper Strike Prospect showing the location of the planned diamond drill hole as well as historic drilling[2] and rock chip samples[3] . The location of the cross section is shown in Figure 4.

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On-going Exploration Work Program

Kingfisher is currently working on the following exploration activities:

• Field work: Field work will commence at Boolaloo this week, as the Company prepares for the diamond drilling program. First-pass mapping and rock chip sampling will also be completed in the alteration zones identified from the hyperspectral survey reprocessing (see announcement ASX:KFM 17 February 2017). The field work has the potential to lead directly to new drill targets, adding to the current exciting targets at Boolaloo that are yet to be drill tested.

• Airborne electromagnetic survey (EM): Airborne EM surveys are effective in identifying conductive sulphide mineralisation up to depths of 300m below surface; a style of mineralisation which is targeted by the Company. A geophysical consultant has been engaged by Kingfisher and a review of the historic VTEM survey at Boolaloo as well as existing regional TEMPEST airborne EM surveys for Boolaloo, Kingfisher and Mick Well has now been completed. The review was completed as part of the preparation for upcoming highresolution airborne EM surveys which have been contacted for Boolaloo, Kingfisher and Mick Well and are now scheduled for completion in the June Quarter 2021. The timing of the survey remains unchanged for Kingfisher and Mick Well, however the Boolaloo survey has been delayed by approximately six weeks due to a lack of availability of equipment to complete the survey.

• Magnetic data reprocessing and interpretation: Interpretation of the reprocessed Kingfisher and Mick Well magnetics data has now been successfully completed, with discrete magnetic anomalies identified for follow-up field work, ground geophysics and drilling later in the year.

Activities completed Q1 2021, planned activities for Q2 and an indicative plan for Q3 to Q4 2021 is shown below.

	Q1 2021	Q2 2021	Q3 2021	Q4 2021
Boolaloo
Hyperspectral re-processing
Diamond drilling
Airborne EM
RC drilling
Kingfisher and Mick Well
Geophysics re-processing
Airborne EM
RC drilling
Arthur River
Magnetic survey

About Boolaloo

The Boolaloo copper-gold and base metal project is located approximately 160km west of Paraburdoo and 35km southwest of the Paulsen's gold mine in the Ashburton region of Western Australia (Figure 6).

Past exploration at the project included geological mapping, surface geochemistry, geophysical surveys and reverse circulation (RC) drilling. This produced 22 mineralised targets, with only six of the targets tested by drilling, returning results which included:

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• 4m @ 1.06% Cu & 1.40 g/t Au from 109m, including 1m @ 1.41% Cu & 2.70 g/t Au from 110m (MIRC002)[ 1] ;

• 3m @ 1.83% Cu & 1.12 g/t Au from 96m, including 1m @ 3.14% Cu & 1.38 g/t Au from 96m (MIRC004)[ 1] ;

• 2m @ 1.44% Cu & 1.36 g/t Au from 137m, including 1m @ 2.28% Cu & 2.28 g/t Au from 138m (MIRC009)[ 1] ;

• 3m @ 3.05% Cu & 0.57 g/t Au from 63m, including 2m @ 3.90% Cu & 0.77 g/t Au from 63m (MIRC013)[1] ; and

• 2m @ 3.81% Cu & 0.62 g/t Au from 62m (MIRC027)[2] .

Past exploration has also established significant mineralisation strike lengths at K15 and K16, with the K16 mineralised zone being intersected over a strike length of 1.5km.

Mineralisation at Boolaloo occurs on east-west trending faults. The Company has pegged exploration licences over the potential strike extents of the interpreted mineralised structures. The Company’s tenure now covers more than 30km of strike of the interpreted mineralised structures; approximately three times the strike length of the previous Boolaloo exploration area (Figure 7).

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Legend
Paulsens Gold Mine (NST)
Ashburton
Production 909 koz Au [i] , Resources 209 koz Au [ii]
Mt Clement Project (NST) EL08/3317
Resources 64 koz Au [iii]
Erny Bore (Au)
K16
Copper Strike
Fault
Tenements
Kingfisher Mining (Granted)
Kingfisher Mining (Pending)
Northern Star Resources
Cazaly Resources
25 km
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Figure 6: Location of the Boolaloo Project in the Ashburton Mineral Field showing the 1:2,500,000 geology map of Western Australia. Selected tenements of other companies active in the Ashburton Basin are also shown. Refer to the previous announcements section of this release for detailed information on the past production[i] and resources[ii] of Paulsens Gold Mine and Mt Clement Project[iii] .

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Legend
Exploration Licence
Erny Bore Mineralisation
Rock Chips Mineralised structure
8.06 g/t Au (interpreted)
Green Rock Rock Chips 2.10 g/t Au1.81 g/t Au RC drill hole
14.1% Cu
1.21 g/t Au Historical mine
12.3% Cu
9.34% Cu Mineralised corridor
6.06% Cu Rattler
Mineralised corridor 1.1 g/t Au Rock Chips6.9% Cu Au, Zn
0.43 g/t Au
Cu, Au
Minga Bore North Rock Chips Cu, Au Cu, Au, Pb, Ag
54.5% Cu Copper Strike
Rock Chips
1.47 g/t Au Isas Creek 49% Au
Cu, Au Rock Chips 16.2% Au
Green Hat 11% Cu1.24 g/t Au Cu, Au, Pb, Ag 103 g/t Ag6.12% Pb
Rock Chips
3.1% Cu RC Drilling
0.13 g/t Au Cu, Au 2m @ 3.81% Cu & 0.62 g/t Au10m @ 0.43% Cu
7m @ 0.47% Cu
K15 Prospect K16 Prospect Lag Anomaly Eagles Rest
Rock Chips Rock Chips Rock Chips Rock Chips
15.1% Cu & 4.56 g/t Au 41.2% Cu & 4.96 g/t Au 15.0% Cu & 3.8 g/t Au 20.0% Pb & 30.4 g/t Ag
9.2% Cu & 2.14 g/t Au 9.62% Cu & 2.05 g/t Au 11.3% Cu 6.6% Pb
RC Drilling RC Drilling 6.0% Cu & 0.8 g/t Au Channel Sampling
3m @ 3.05% Cu & 0.57 g/t Au 4m @ 1.06% Cu & 1.40 g/t Au 3.0% 10m @ 1.13% Cu & 0.3 g/t Au
3m @ 1.83% Cu & 1.12 g/t Au Channel Sampling
2m @ 1.44% Cu & 1.36 g/t Au 1.2m @ 5.0% Cu & 0.86 g/t Au 2 km
2m @ 1.52% Cu & 0.13 g/t Au 4m @ 2.4% Cu
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Figure 7: Boolaloo Prospects showing historic drilling and sampling[3] .

This announcement has been authorised by the Board of Directors of the Company.

Ends

For further information, please contact:

Kingfisher Mining Limited

James Farrell, Executive Director Ph: +61 (08) 9481 0389 E: info@kingfishermining.com.au

Media & Investor Enquiries

Peter Taylor, NWR Communications Ph: +61 412 036 231 E: peter@nwrcommunications.com.au

About Kingfisher Mining Limited

Kingfisher Mining Limited ( ASX:KFM ) is a mineral exploration company committed to increasing shareholder wealth through the acquisition, exploration and development of mineral resource projects throughout Western Australia. The Company’s tenements and tenement applications cover 1,138km[2] in the underexplored Ashburton and Gascoyne Mineral Fields and have advanced coppergold exploration targets as well as significant strike lengths of the target geological units.

To learn more please visit: www.kingfishermining.com.au

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Previous ASX Announcements

• 1 ASX Announcement ‘Boolaloo Drill Results Confirm Copper-Gold Potential’. Jackson Gold Limited (ASX:JAK), 8 May 2007.

• 2 ASX Announcement ‘Exploration Update – Argentina and Australia’. Jackson Gold Limited (ASX:JAK), 27 August 2008.

• 3 Kingfisher Mining Limited Prospectus, 9 November 2020 and WAMEX Reports a079570 and a076055.

Information Sources for Figure 6

• i. Paulsens Gold Mine past production: Northern Star Paulsens Gold Operations Fact Sheet dated July 2018: https://www.nsrltd.com/wp-content/uploads/2018/08/NSR-Paulsens-Operations-FactSheet-July-2018.pdf

• ii. Paulsens Gold Mine resources: ASX Announcement “Production set to increase 30% over next two years and costs to fall 10%” released 13 August 2020. https://www.nsrltd.com/wpcontent/uploads/2020/08/Resources-and-Reserves-Production-and-Cost-Guidance-Update-exKCGM-13-08-2020.pdf

• iii. Mt Clement resources: Artemis Resources Limited Annual Report to Shareholders for year ended 30 June 2019.

Forward-Looking Statements

This announcement may contain forward-looking statements which involve a number of risks and uncertainties. These forward-looking statements are expressed in good faith and believed to have a reasonable basis. These statements reflect current expectations, intentions or strategies regarding the future and assumptions based on currently available information. Should one or more of the risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary from the expectations, intentions and strategies described in this announcement. No obligation is assumed to update forward looking statements if these beliefs, opinions, and estimates should change or to reflect other future developments.

Competent Persons Statements

The information in this report that relates to Exploration Results is based on information compiled by Mr James Farrell, a geologist and Executive Director / CEO employed by Kingfisher Mining Limited. Mr Farrell is a Member of the Australian Institute of Geoscientists and has sufficient experience that is relevant to this style of mineralisation and type of deposit under consideration and to the activity that is being reported on to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Farrell consents to the inclusion in the report of the matters in the form and context in which it appears.

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JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	Commentary
Sampling	 Nature and quality of sampling (eg cut channels, random chips, or specific	 Reverse circulation drilling was used to obtain 1 m samples for
techniques	specialised industry standard measurement tools appropriate to the	chemical analysis.
	minerals under investigation, such as down hole gamma sondes, or	 Rock chip samples were taken as individual rocks representing an
	handheld XRF instruments, etc). These examples should not be taken as	outcrop or as channel samples across mineralised zones to give
	limiting the broad meaning of sampling.	an indication of possible grades and widths that can be expected
	 Include reference to measures taken to ensure sample representivity and the	from drilling.
	appropriate calibration of any measurement tools or systems used.	 Individual rock samples can be biased towards higher grade
	 Aspects of the determination of mineralisation that are Material to the	mineralisation.
	Public Report.
	 In cases where ‘industry standard’ work has been done this would be
	relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m
	samples from which 3 kg was pulverised to produce a 30 g charge for fire
	assay’). In other cases more explanation may be required, such as where
	there is coarse gold that has inherent sampling problems. Unusual
	commodities or mineralisation types (eg submarine nodules) may warrant
	disclosure of detailed information.
Drilling	 Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast,	 Historical drilling was completed using the reverse circulation
techniques	auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard	technique.
	tube, depth of diamond tails, face-sampling bit or other type, whether core
	_is oriented and if so, by what method, etc). _
Drill sample	 Method of recording and assessing core and chip sample recoveries and	 Historical drill sampled recoveries were not recorded.
recovery	results assessed.
	 Measures taken to maximise sample recovery and ensure representative
	nature of the samples.
	 Whether a relationship exists between sample recovery and grade and
	whether sample bias may have occurred due to preferential loss/gain of
	fine/coarse material.
Logging	 Whether core and chip samples have been geologically and geotechnically	 Historic drill holes were logged for geology, mineralisation and
	logged to a level of detail to support appropriate Mineral Resource	alteration. The logging is consistent with industry standards.
	estimation, mining studies and metallurgical studies.	 Basicgeology,alteration and mineralisation descriptions were

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Criteria	JORC Code explanation	Commentary
	 Whether logging is qualitative or quantitative in nature. Core (or costean,	recorded for the rock chip samples.
	channel, etc) photography.
	 The total length andpercentage of the relevant intersections logged.
Sub-sampling	 If core, whether cut or sawn and whether quarter, half or all core taken.	 RC drill samples were selected on 1 m intervals for the
techniques	 If non-core, whether riffled, tube sampled, rotary split, etc and whether	mineralised zones and composited to 4 m intervals for the
and sample	sampled wet or dry.	remainder of each hole.
preparation	 For all sample types, the nature, quality and appropriateness of the sample preparation technique.	 The entire rock chip sample was submitted for analysis.  Rock chip samples were crushed and pulverised to -75 micron.
	 Quality control procedures adopted for all sub-sampling stages to maximise
	representivity of samples.
	 Measures taken to ensure that the sampling is representative of the in situ
	material collected, including for instance results for field duplicate/second-
	half sampling.
	 Whether sample sizes are appropriate to the grain size of the material being
	sampled.
Quality of	 The nature, quality and appropriateness of the assaying and laboratory	 Drill samples were analysed using inductively coupled plasma
assay data and	procedures used and whether the technique is considered partial or total.	mass spectrometry as well as fire assay or aqua regia for Au by
laboratory	 For geophysical tools, spectrometers, handheld XRF instruments, etc, the	Ultratrace Laboratory, Perth.
tests	parameters used in determining the analysis including instrument make and	 Rock chip samples were analysed using inductively coupled
	model, reading times, calibrations factors applied and their derivation, etc.	plasma - optical emission spectrometry for multi-element
	 Nature of quality control procedures adopted (eg standards, blanks,	chemistry and fire assay with an ASS finish to determine total
	duplicates, external laboratory checks) and whether acceptable levels of	gold content.
	accuracy (ie lack of bias) and precision have been established.	 No historical records were kept for QAQC for rock chip samples.
Verification of	 The verification of significant intersections by either independent or	 Independent checks or field duplicates were not conducted and
sampling and	alternative company personnel.	are not considered necessary for the reported rock chips results.
assaying	 The use of twinned holes.
	 Documentation of primary data, data entry procedures, data verification,
	data storage (physical and electronic) protocols.
	 Discuss any adjustment to assay data.
Location of	 Accuracy and quality of surveys used to locate drill holes (collar and down-	 The method of survey for the historic drill holes was not
data points	hole surveys), trenches, mine workings and other locations used in Mineral	reported. The historic drill pads have not been rehabilitated and
	Resource estimation.	the drill hole locations all lie within the existing ground
	 Specification of thegrid system used.	disturbance.

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Criteria	JORC Code explanation	Commentary
	 Quality and adequacy of topographic control.	 The method of survey for the historic rock chips was not reported
		and the location accuracy is not known.
Data spacing	 Data spacing for reporting of Exploration Results.	 Drill hole section spacings range from 30 m to 120 m, typically
and	 Whether the data spacing and distribution is sufficient to establish the	with a single drill hole per sections. Drill sections with more than
distribution	degree of geological and grade continuity appropriate for the Mineral	one drill hole typically have drill holes spaced between 25m and
	Resource and Ore Reserve estimation procedure(s) and classifications	40 m on section.
	applied.
	 Whether sample compositing has been applied.
Orientation of	 Whether the orientation of sampling achieves unbiased sampling of possible	 Drill holes were drill approximately perpendicular to the strike of
data in	structures and the extent to which this is known, considering the deposit	the mineralisation which was identified from surface mapping
relation to	type.	and rock chip sampling.
geological structure	 If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	 The basis for selection of rock chip samples was not reported.  Rock chip samples are typically selected based on geology and alteration and are biased towards areas that are interpreted to
		be mineralised.
Sample	 The measures taken to ensure sample security.	 Sample security was not historically reported.
security		 Samples were given individual samples numbers for tracking.
Audits or	 The results of any audits or reviews of sampling techniques and data.	 The historic drill hole and rock chip results have not been
reviews		audited.

Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation	Commentary
Mineral	 Type, reference name/number, location and ownership including	 The Boolaloo copper-gold and base metal project is located
tenement and	agreements or material issues with third parties such as joint ventures,	approximately 160km west of Paraburdoo and 35km southwest
land tenure	partnerships, overriding royalties, native title interests, historical sites,	of the Paulsen's gold mine in the Ashburton region of Western
status	wilderness or national park and environmental settings.	Australia.
	 The security of the tenure held at the time of reporting along with any	 The project includes two granted Exploration Licences, E08/2945
	known impediments to obtaining a licence to operate in the area.	and E08/3067 as well as three Exploration Licence applications,
		E08/3246, E08/3247 and E08/3317.
		 The tenements are controlled byKingfisher MiningLtd.

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Criteria	JORC Code explanation	Commentary
		 The tenements lie within Native Title Determined Areas of the
		Thudgari People, combined Thiin-Mah, Warriyangka, Tharrkari
		and Jiwarli People and the Jurruru People.
		 All the tenements are in good standing with no known
		impediments.
Exploration done	 Acknowledgment and appraisal of exploration by other parties.	 The majority of the material work undertaken was by Jackson
by other parties		Gold Ltd during 2006 – 2011.
Geology	 Deposit type, geological setting and style of mineralisation.	 The Boolaloo area is prospective for sediment-hosted and shear-
		associated Cu, Cu-Au and Au mineralisation.
Drill hole	 A summary of all information material to the understanding of the	 No new drilling results are included in this report. Historic drill
Information	exploration results including a tabulation of the following information for	holes were previously reported by Jackson Gold Limited and are
	all Material drill holes:	available in open file WAMEX reports a079570 and a076055 and
	o easting and northing of the drill hole collar	were included in the Kingfisher Mining Limited Prospectus dated
	o elevation or RL (Reduced Level – elevation above sea level in metres)	9 November 2020.
	of the drill hole collar
	o dip and azimuth of the hole
	o down hole length and interception depth
	o hole length.
	 If the exclusion of this information is justified on the basis that the
	information is not Material and this exclusion does not detract from the
	understanding of the report, the Competent Person should clearly explain
	why this is the case.
Data aggregation	 In reporting Exploration Results, weighting averaging techniques,	 Historic drilling was collected on 1 m intervals and the sample
methods	maximum and/or minimum grade truncations (eg cutting of high grades)	results reported were based on arithmetic averages.
	and cut-off grades are usually Material and should be stated.
	 Where aggregate intercepts incorporate short lengths of high grade
	results and longer lengths of low grade results, the procedure used for
	such aggregation should be stated and some typical examples of such
	aggregations should be shown in detail.
	 The assumptions used for any reporting of metal equivalent values should
	be clearly stated.

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Criteria	JORC Code explanation	Commentary
Relationship	 These relationships are particularly important in the reporting of	 The historic drill holes were drilled perpendicular to the
between	Exploration Results.	mineralisation and are close to the true width of the
mineralisation	 If the geometry of the mineralisation with respect to the drill hole angle is	mineralisation.
widths and	known, its nature should be reported.
intercept lengths	 If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true
	_width not known’). _
Diagrams	 Appropriate maps and sections (with scales) and tabulations of intercepts	 A map showing all available data has been included in the report
	should be included for any significant discovery being reported These	along with documentation.
	should include, but not be limited to a plan view of drill hole collar
	locations and appropriate sectional views.
Balanced	 Where comprehensive reporting of all Exploration Results is not	 All drill hole information was previously reported by Jackson Gold
reporting	practicable, representative reporting of both low and high grades and/or	Limited and subsequently by Kingfisher.
	widths should be practiced to avoid misleading reporting of Exploration	 All of the historical rock chip samples are included in this report.
	Results.
Other	 Other exploration data, if meaningful and material, should be reported	 All of the historical rock chip samples are included in this report.
substantive	including (but not limited to): geological observations; geophysical survey	 All drill hole information was previously reported by Jackson Gold
exploration data	results; geochemical survey results; bulk samples – size and method of	Limited and subsequently by Kingfisher.
	treatment; metallurgical test results; bulk density, groundwater,
	geotechnical and rock characteristics; potential deleterious or
	contaminating substances.
Further work	 The nature and scale of planned further work (eg tests for lateral	 The company has planned mapping and additional rock chip
	extensions or depth extensions or large-scale step-out drilling).	sampling to assess the potential within the alteration trends
	 Diagrams clearly highlighting the areas of possible extensions, including	interpreted from the reprocessed hyperspectral survey.
	the main geological interpretations and future drilling areas, provided	 An airborne electromagnetic survey has been planned for to
	this information is not commercially sensitive.	cover E08/2945 and E08/3067.
		 The airborne electromagnetic survey and mapping will be used to
		refine drill targets for testing later in the year.

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