KINGFISHER MINING LTD — Capital/Financing Update 2022

Jun 19, 2022

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ASX Announcement: 20 June 2022

ASX CODE: KFM

Shares on issue: 42,250,001 Cash: $2.9M (31 March 2022) Market Cap: $10.1M* Debt: Nil

PROJECTS

Mick Well: Rare Earth Elements Kingfisher: Rare Earth Elements Arthur River: Copper Boolaloo: Copper-Gold

Surface Assays up to 21% TREO Define a Further 800m of Outcropping Mineralisation

Mick Well Regional-Scale Potential Confirmed

• Exceptional rock chip assay results returned from carbonatite dykes including 21.13% total rare earth oxides (TREO) with 3.59% Nd2O3 + Pr6O11 (MWGS0484) and 14.29% TREO with 2.23% Nd2O3 + Pr6O11 (MWGS0465).

• Outcropping high grade rare earth elements (REE) confirmed over more than 800m of strike. The newly discovered mineralisation is located 500m northwest of MW2, where drilling intersected 12m at 1.12% TREO, including 4m at 1.84% TREO. Other significant results defining the 800m of surface strike include:

• 5.01% TREO with 0.85% Nd2O3 + Pr6O11 (MWGS0475)

CORPORATE DIRECTORY

• 4.92% TREO with 0.87% Nd2O3 + Pr6O11 (MWGS0474)

• 4.85% TREO with 0.80% Nd2O3 + Pr6O11 (MWGS0478)

WARREN HALLAM Non-Executive Chairman

JAMES FARRELL Executive Director and CEO

ADAM SCHOFIELD Non-Executive Director

SCOTT HUFFADINE Non-Executive Director

STEPHEN BROCKHURST Company Secretary

MEDIA & INVESTOR ENQUIRIES

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

ABN: 96 629 675 216

P: +61 8 9481 0389 E: info@kingfishermining.com.au W: www.kingfishermining.com.au

Unit 2, 106 Robinson Avenue Belmont WA 6104 AUSTRALIA

GPO Box 2517 Perth WA 6831 AUSTRALIA

• 4.43% TREO with 0.72% Nd2O3 + Pr6O11 (MWGS0476)

• 4.33% TREO with 0.73% Nd2O3 + Pr6O11 (MWGS0477)

• 3.76% TREO with 0.59% Nd2O3 + Pr6O11 (MWGS0473)

• 1.41% TREO with 0.25% Nd2O3 + Pr6O11 (MWGS0468)

• Multiple mineralised dykes have been identified, with significant potential for extending the known mineralisation and discovery of additional carbonatite dykes, confirming the regional scale REE potential of the area.

• A large number of additional high priority geophysical targets have been identified in a broad zone which extends 10km WNW from MW2 within the Company’s 54km target corridor. The new targets will be mapped and sampled as part of upcoming fieldwork.

• Newly discovered mineralisation is drill ready. A drill rig has been booked and the newly discovered mineralisation will be added to programs planned for later this year.

• Additional results from drilling at MW2, Kingfisher and other targets are expected to be received later in June and July.

Kingfisher Mining Limited ( ASX:KFM ) (“ Kingfisher ” or the “ Company” ) is pleased to provide an update on the on-going mapping and rock chip sampling at its 100% owned projects in the Gascoyne Mineral Field in Western Australia.

Kingfisher’s Executive Director and CEO James Farrell commented: “The discovery of the additional rare earth element mineralisation in three parallel dykes just 500m from MW2 is a very exciting development for the Company. The high grade assay results exceed our expectations and have led to the further identification of numerous new targets over a large area at Mick Well. As our work expands along our 54km target corridor, the new targets will be progressively assessed as we continue to increase our fieldwork over the coming months.

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* Based on a share price of $0.24 as of 17 June 2022.

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We are eagerly awaiting the results from our follow-up drilling at the discovery target, MW2. The geological logging of the drill holes from the recent drilling program was a key factor in the discovery of this additional mineralisation, with the outcrop being very similar to the geology logged in the drilling.

The newly identified mineralisation is now drill ready and will be added to drill programs that have already been planned and contracted for later in the year”.

Mick Well Carbonatite Discovery

Additional high grade REE mineralisation has been discovered at the Company's Mick Well project, which is in the Gascoyne region of Western Australia. The outcropping mineralisation has been defined over a strike length of more than 800m, within a broad zone where two additional parallel carbonatite dykes with REE mineralisation have already been identified (Figure 1, Figure 2). The mineralisation includes exceptional grades, with laboratory assays of 21.13% TREO with 3.59% Nd2O3 + Pr6O11 (MWGS0484) and 14.29% TREO with 2.23% Nd2O3 + Pr6O11 (MWGS0465). All three mineralised dykes remain open in all directions.

The outcropping mineralisation is fresh from surface and predominantly consists of high grade monazite and allanite – both being important global sources for production of the critical metals, neodymium and praseodymium.

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Figure 1: (A) Carbonatite dyke sample MWGS0484 which assayed 21.13% TREO with 3.59% Nd2O3 + Pr6O11, (B) outcropping carbonatite dyke and location where rock chip sample MWGS0465 was collected, (C) photograph from optical microscope showing high grade monazite (M) mineralisation in sample MWGS0484.

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Figure 2: Mick Well rock chip samples and the newly discovered carbonatite dykes. The outcropping mineralisation is located 500m northwest of MW2, where recently reported drilling results included 12m at 1.12% TREO, including 4m at 1.84% TREO (see ASX:KFM 24 March 2022). Rock chip results are total rare earth oxides (TREO%), total Nd2O3 + Pr6O11% and percentage of TREO which is Nd2O3 + Pr6O11.

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The identification of outcropping mineralisation has significantly added to the Company’s understanding of the geology of the project area and has confirmed the effectiveness of airborne radiometrics and magnetics for targeting on-ground mapping and the subsequent successful discovery of outcropping mineralisation.

The current exploration work has also led to the identification of a large number of laterally-extensive high priority targets in a broad area that extends 10km west-northwest from MW2 (Figure 3). The targets in this area are also associated with carbonatite complexes as well as high thorium and magnetic responses – similar to what is seen for the newly identified outcropping mineralised carbonatite dykes. Significantly, all of these targets within this 10km long area also lie within Kingfisher’s target corridor, the Chalba Shear Zone, which extends for 54km across the Company’s Gascoyne tenure (Figure 4).

The Chalba Shear Zone is a broad WNW-trending crustal-scale structure that has played an important role in providing a conduit for the intrusion of the carbonatites, as well as the associated alteration and latestage mineralised veins and carbonatite dykes. Fenites (carbonatite-associated alteration) and potassium fenites, are well-developed in the Mick Well area and are an important host of the REE mineralisation. The carbonatite intrusion-related exploration and mineralisation model is shown in Figure 5.

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Figure 3: Extensive thorium anomalies which extend 10km west-northwest of the MW2 discovery and are within the 54km target corridor within Kingfisher’s tenure. Priority targets, the outcropping mineralisation and the coincident thorium anomaly at the recently discovered REE-bearing carbonatite dykes are also shown.

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Figure 4: Total Magnetic Intensity for the Kingfisher, Mick Well and Arthur River Projects. Kingfisher is targeting REE mineralisation associated carbonatite intrusions which intrude along faults and shear zones which extend for 54km within the Company’s tenure.

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Figure 5: Carbonatite associated rare earth element mineralisation model*. The model shows carbonatite intrusions and dykes, areas of potassic fenitisation as well as the late stage REE-bearing dykes and veins – which have been discovered by the Company at the Mick Well project.

2022 Gascoyne Exploration Program

Kingfisher is carrying out extensive and targeted exploration programs for its Gascoyne projects during 2022. The planned exploration is cost-effective and aims to develop and test drill targets from groundbased mapping and rock sampling. The Company also plans to simultaneously develop a pipeline of exploration opportunities through integrating current and planned tenement-scale airborne geophysical surveys with geological knowledge from the Company’s breakthrough REE discovery at Mick Well.

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Planned and completed activities for 2022 for Kingfisher’s Gascoyne projects are shown below.

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Upcoming News

• June 2022: Results from follow-up drilling at MW2.

• July 2022: Results from drilling of new targets in the Mick Well area.

• July 2022: Results from on-going surface mapping and rock chip sampling.

• July 2022: Results from drilling at Kingfisher.

About the Kingfisher and Mick Well Projects

The Kingfisher and Mick Well Projects are located approximately 230km east of Carnarvon, in the Gascoyne region of Western Australia. The Company holds exploration licences covering 969km[2] and has recently increased its interests in the Gascoyne Mineral Field by nearly 40% through the targeted pegging of additional tenure interpreted to be prospective for rare earth elements (Figure 6). The tenure includes rocks of the Proterozoic Durlacher Suite that hosts the world-class Yangibana Deposit which includes 27.42Mt @ 0.97% TREO[# ] as well as the Archaean Halfway Gneiss.

The recently discovered REE mineralisation at Mick Well is associated with carbonatite intrusions discovered by Kingfisher. Historic exploration in the area had focused on outcrops of quartz reef and gossanous ironstones which are up to 10m in width. Past exploration returned rock chip sample results of up to 10.6% Cu over a strike length of 1km within a laterally extensive geological horizon. Four historical drill holes were completed in the Mick Well area, with the best result being 11m @ 0.25% Cu from 118 m (MWDD001)[^] .

Historical exploration also identified copper at the Kingfisher Project, with mineralisation exposed in a series of shallow historical mining pits over a strike length of 2km. Previous exploration at the project has included geophysical surveys, surface geochemical sampling and limited reverse circulation drilling, with drilling intercepts including 3m @ 0.6% Cu (KFRC10) and rock chip results of 15.3% Cu, 6.3% Cu, 6.2% Cu, 5.9% Cu and 3.4% Cu[^] .

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Figure 6: Location of the Kingfisher and Mick Well Projects in the Gascoyne Mineral Field showing the extents of the Durlacher Suite and Halfway Gneiss. The location of the Yangibana Deposit and Yin Project 100km north of Kingfisher’s projects are also shown.

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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 value for shareholders through the acquisition, exploration and development of mineral resource projects throughout Western Australia. The Company’s tenements and tenement applications cover 1,676km[2] in the underexplored Ashburton and Gascoyne Mineral Fields.

The Company has secured significant landholdings across the interpreted extensions to its advanced copper-gold exploration targets giving it more than 30km of strike across the Boolaloo Project target geology in the Ashburton Basin and more than 54km of strike across the target geological corridor that covers the Kingfisher and Mick Well Projects in the Gascoyne region.

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

Previous ASX Announcements

ASX:KFM: High Grade Rare Earths Returned from Discovery Drill Hole: 4m at 1.84% TREO, including 1m at 3.87% TREO 24 March 2022.

ASX:KFM: Significant Rare Earths Discovery: 12m at 1.12% TREO 10 January 2022.

• Elliott, H.A.L., Wall, F., Chakhmouradian, A.R., P.R.Siegfried, Dahlgrend, S., Weatherley, S., Finch, A.A., Marks, M.A.W., Dowman, E. and Deady, F. 2018. Fenites associated with carbonatite complexes: A review. Ore Geology Reviews , Volume 93, February 2018, Pages 38-59.

• ASX Announcement ‘Yangibana Project updated Measured and Indicated Mineral Resources tonnes up by 54%, TREO oxides up by 32% Australia’. Hastings Technology Metals Limited (ASX:HAS), 5 May 2021.

• ^ Kingfisher Mining Limited Prospectus, 9 November 2020.

Total Rare Earth Oxide Calculation

Total Rare Earths Oxides (TREO) is the sum of the oxides of the light rare earth elements lanthanum (La), cerium (Ce), praseodymium (Pr), neodymium (Nd), and samarium (Sm) and the heavy rare earth elements europium (Eu), gadolinium (Gd), terbium (Tb), dysprosium (Dy), holmium (Ho), erbium (Er), thulium (Tm), ytterbium (Yb), lutetium (Lu), and yttrium (Y).

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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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Annexure 1: Rock Chip Sample Information

Sample ID	Easting	Northing	Ce2O3	Dy2O3	Er2O3	Eu2O3	Gd2O3	Ho2O3	La2O3	Lu2O3	Nd2O3	Pr6O11	Sm2O3	Tb2O3	Tm2O3	Y2O3	Yb2O3	TREO
MWGS0465	401813	7249914	67736	133.7	29.6	275.8	545.5	16.2	49930	1.82	16368	5952	1393	39.7	2.86	410.8	15.71	142850
MWGS0468	401949	7249884	6639	21.9	5.6	36.6	77.0	2.6	4505	0.57	1886	636	186	6.1	0.69	73.0	3.87	14080
MWGS0470	402199	7250090	739	5.7	2.2	6.1	13.6	0.9	485	0.23	210	70	24	1.4	0.23	25.1	1.59	1586
MWGS0472	401924	7249966	735	13.3	5.1	7.4	22.5	2.3	492	0.57	223	73	31	2.6	0.69	66.2	3.76	1678
MWGS0473	401922	7249967	17906	55.0	16.0	67.0	160.2	7.4	12850	1.14	4318	1577	379	13.6	1.83	201.0	9.79	37563
MWGS0474	401799	7249906	23015	109.1	30.2	151.1	319.9	14.7	15714	2.16	6530	2159	705	27.6	3.20	381.2	18.79	49181
MWGS0475	401812	7249914	23350	117.9	29.3	150.9	345.1	15.0	16537	1.71	6309	2145	677	29.9	2.97	375.0	13.44	50099
MWGS0476	401871	7249935	20810	82.2	25.3	85.7	221.2	12.0	15044	1.82	5304	1881	490	19.7	2.63	308.5	14.35	44301
MWGS0477	401876	7249939	20165	85.5	26.3	114.8	252.3	12.1	14448	1.71	5445	1855	557	21.5	2.97	313.0	14.35	43316
MWGS0478	401881	7249941	22719	70.1	17.8	112.2	241.7	8.9	16556	1.36	5909	2065	559	19.0	1.83	233.0	9.91	48524
MWGS0479	401882	7249941	847	13.0	5.5	3.2	21.9	2.1	474	0.57	274	87	36	2.6	0.69	62.4	3.87	1835
MWGS0484	401495	7249696	105461	100.5	21.3	283.9	516.5	11.6	66944	1.14	26266	9602	1759	31.8	2.06	287.9	9.45	211298

• All sample information is parts per million (ppm). 100,000 ppm is equal to 10%.

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Attachment 1: 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	• Rock chip samples were taken as individual rocks representing
techniques	specialised industry standard measurement tools appropriate to the minerals	an outcrop to give an indication of possible grades and widths
	under investigation, such as down hole gamma sondes, or handheld XRF	that can be expected from drilling. Individual rock samples can
	instruments, etc). These examples should not be taken as limiting the broad	be biased towards higher grade mineralisation.
	meaning of sampling.	• Rock chip samples were typically between 1 and 2 kg. The
	• Include reference to measures taken to ensure sample representivity and the	entire sample received by the laboratory was crushed and
	appropriate calibration of any measurement tools or systems used.	pulverised to 85% passing 75 micron.
	• Aspects of the determination of mineralisation that are Material to the Public	• A duplicate sample of between 0.1 and 0.2 kg was retained by
	Report.	the Company for all samples reported.
	• 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,	• No new drilling results are included in this report.
techniques	auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard
	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	• No new drilling results are included in this report.
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	• No new drilling results are included in this report.
	logged to a level of detail to support appropriate Mineral Resource estimation,
	mining studies and metallurgical studies.
	• Whether logging is qualitative or quantitative in nature. Core (or costean,
	channel, etc) photography.
	• The total length andpercentage of the relevant intersections logged.

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Criteria	JORC Code explanation	Commentary
Sub-sampling	• If core, whether cut or sawn and whether quarter, half or all core taken.	• The entire sample received by the laboratory was crushed and
techniques	• If non-core, whether riffled, tube sampled, rotary split, etc and whether	pulverised to 85% passing 75 micron.
and sample	sampled wet or dry.
preparation	• For all sample types, the nature, quality and appropriateness of the sample preparation technique.
	• 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	• Samples were analysed by Intertek Genalysis in Perth. The
assay data and	procedures used and whether the technique is considered partial or total.	sample analysis uses a sodium peroxide fusion with an
laboratory	• For geophysical tools, spectrometers, handheld XRF instruments, etc, the	Inductively Coupled Plasma Mass Spectrometry and Inductively
tests	parameters used in determining the analysis including instrument make and	Coupled Plasma (ICP) Mass Spectrometry (MS) and Optical
	model, reading times, calibrations factors applied and their derivation, etc.	Emission Spectrometry (OES) finish.
	• Nature of quality control procedures adopted (eg standards, blanks,
	duplicates, external laboratory checks) and whether acceptable levels of
	accuracy (ie lack of bias) andprecision have been established.
Verification of	• The verification of significant intersections by either independent or	• Independent checks or field duplicates were not conducted for
sampling and	alternative company personnel.	rock chips and are not considered necessary for that type of
assaying	• The use of twinned holes.	sample.
	• 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-hole	• Rock chip sample locations were surveyed using a handheld
data points	surveys), trenches, mine workings and other locations used in Mineral	GPS using the UTM coordinate system, with an accuracy of +/-
	Resource estimation.	5m.
	• Specification of the grid system used.
	• Quality and adequacy of topographic control.
Data spacing	• Data spacing for reporting of Exploration Results.	• No new drilling results are included in this report.
and	• Whether the data spacing and distribution is sufficient to establish the degree
distribution	of geological and grade continuity appropriate for the Mineral Resource and
	Ore Reserve estimation procedure(s) and classifications applied.
	• Whether sample compositing has been applied.

Criteria	JORC Code explanation	Commentary
Orientation of	• Whether the orientation of sampling achieves unbiased sampling of possible	• The nature of the surface outcrops of mineralisation appears to
data in	structures and the extent to which this is known, considering the deposit type.	be similar to the mineralisation intersected in drilling, where
relation to	• If the relationship between the drilling orientation and the orientation of key	the interpreted orientation indicates a true width for the
geological structure	mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	mineralised zone of between 6 and 7m (MWRC004).
Sample	• The measures taken to ensure sample security.	• Samples were given individual samples numbers for tracking.
security		• The sample chain of custody was overseen by the Company’s
		geologists. Samples were transported to Perth in a sealed bags
		bag and subsequently to the laboratory.
Audits or	• The results of any audits or reviews of sampling techniques and data.	• The sampling techniques and analytical data are monitored by
reviews		the Company’s geologists.
		• External audits of the data have not been completed.

Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation	Commentary
Mineral	• Type, reference name/number, location and ownership including	• The project area is located 80km northeast of the Gascoyne
tenement and	agreements or material issues with third parties such as joint ventures,	Junction and 230km east of Carnarvon.
land tenure	partnerships, overriding royalties, native title interests, historical sites,	• The project includes seven granted Exploration Licences,
status	wilderness or national park and environmental settings.	E09/2242, E09/2349, E09/2319, E09/2320, E09/2481,
	• The security of the tenure held at the time of reporting along with any	E09/2494 and E09/2495 as well as five EL applications,
	known impediments to obtaining a licence to operate in the area.	E09/2653, E09/2654*, E09/2655, E09/2660 and E09/2661.
		* E09/2654 will be awarded by ballot between Kingfisher
		Mining Ltd and one other party.
		• The tenements are held by Kingfisher Mining Ltd.
		• The tenements lie within Native Title Determined Areas of the
		Wajarri Yamatji People and Gnulli People.
		• All the tenements are in good standing with no known
		impediments.
Exploration done	• Acknowledgment and appraisal of exploration by other parties.	• No previous systematic exploration for carbonatite-associated
by other parties		mineralisation had been previously completed.
		• Exploration for base metals at Kingfisher undertaken was by
		Pasminco Ltd in 1994, Mt Phillips Exploration Pty Ltd in 2006
		and WCP Resources in 2007.

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Criteria	JORC Code explanation	Commentary
		• Exploration for base metals at Mick Well was completed by
		Helix Resources Ltd in 1994, WA Exploration Services Pty Ltd in
		1996, Mt Phillips Exploration Pty Ltd in 2006 and WCP
		Resources in 2007.
Geology	• Deposit type, geological setting and style of mineralisation.	• The Company’s tenements in the Gascoyne Mineral Field are
		prospective for rare earth mineralisation associated with
		carbonatite intrusions and associated fenitic alteration.
Drill hole	• A summary of all information material to the understanding of the	• No new drilling results are included in this report.
Information	exploration results including a tabulation of the following information for all
	Material drill holes:
	o easting and northing of the drill hole collar
	o elevation or RL (Reduced Level – elevation above sea level in metres) 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, maximum	• No new drilling results are included in this report and no data
methods	and/or minimum grade truncations (eg cutting of high grades) and cut-off	aggregation has been applied.
	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.
Relationship	• These relationships are particularly important in the reporting of	• No new drilling results are included in this report.
between	Exploration Results.	• True width is obscured by thin cover and appears to be similar
mineralisation	• If the geometry of the mineralisation with respect to the drill hole angle is	to intervals intersected in drilling, 6 to 7m.
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’). _
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Criteria	JORC Code explanation	Commentary
Diagrams	• Appropriate maps and sections (with scales) and tabulations of intercepts	• A map showing relevant data has been included in the report
	should be included for any significant discovery being reported These should	along with documentation.
	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 practicable,	• All rock chip samples targeting the newly discovered
reporting	representative reporting of both low and high grades and/or widths should	mineralisation have been reported. The reported sample batch
	be practiced to avoid misleading reporting of Exploration Results.	also includes some samples collected as part of on-going
		evaluation of the geology of the area.
Other	• Other exploration data, if meaningful and material, should be reported	• All of the relevant historical exploration data has been included
substantive	including (but not limited to): geological observations; geophysical survey	in this report.
exploration data	results; geochemical survey results; bulk samples – size and method of	• All historical exploration information is available via WAMEX.
	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 extensions	• On-going exploration in the area is a high priority for the
	or depth extensions or large-scale step-out drilling).	Company.
	• Diagrams clearly highlighting the areas of possible extensions, including the	• Exploration to include tenement-scale acquisition of
	main geological interpretations and future drilling areas, provided this	geophysics data to define the extents of carbonatites, mapping
	information is not commercially sensitive.	and rock chip sampling as well as additional RC drilling.
		• Downhole geophysics has also been contracted for the drill
		holes that were completed at Mick Well.

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