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KINGFISHER MINING LTD Capital/Financing Update 2022

Jan 26, 2022

65177_rns_2022-01-26_426a2885-383d-40b3-9a95-0cd5c88f12ff.pdf

Capital/Financing Update

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ASX Announcement: 27 January 2022

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ASX CODE: KFM

Shares on issue: 42,250,001 Cash: $4.0M (30 September 2021) Debt: Nil

PROJECTS

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

CORPORATE DIRECTORY

WARREN HALLAM Non-Executive Chairman

JAMES FARRELL

Executive Director and CEO

ADAM SCHOFIELD Non-Executive Director

Copper and Gold Results Confirm Mineralisation Associated with Geophysical Targets at Boolaloo

  • First drill hole from Green Hills Prospect returns 12m at 0.72% Cu and 0.14 g/t Au, including 4m at 1.16% Cu and 0.27 g/t Au.

  • Drilling of the Erny Bore EM conductor intersects parallel mineralised zones with 2m at 0.95% Cu and 0.40 g/t Au, including 1m at 1.73% Cu and 0.78 g/t Au and a separate broad zone of 11m at 0.38% Cu.

  • Significant potential across the tenements is highlighted by anomalous copper results that have now been returned from drilling at five of the Boolaloo prospects, K15, K16, Copper Strike, Erny Bore and Green Hills.

  • Follow-up exploration planned, including on-going assessment of airborne electromagnetic targets that have been identified on recently granted tenements east of Copper Strike.

Kingfisher Mining Limited ( ASX:KFM ) (“ Kingfisher ” or the “ Company” ) is pleased to provide drill results from the on-going exploration at its 100% owned Boolaloo Project in the Ashburton region of Western Australia.

The Company has received results from the reverse circulation (RC) drilling of the Green Hills, Erny Bore and EM1 targets at its Boolaloo Project. The results include:

Green Hills

SCOTT HUFFADINE Non-Executive Director

STEPHEN BROCKHURST Company Secretary

MEDIA & INVESTOR ENQUIRIES

Peter Taylor, NWR Communications P: +61 412 036 231

E: [email protected]

ABN: 96 629 675 216

  • BLRC002: 12m at 0.72% Cu and 0.14 g/t Au from surface, including 4m at 1.16% Cu and 0.27 g/t Au from 4m.

  • BLRC001: 8m at 0.25% Cu from 20m.

Erny Bore

  • BLRC009: 11m at 0.38% Cu from 79m.

  • BLRC009: 2m at 0.95% Cu and 0.40g/t Au from 59m, including 1m at 1.73% Cu and 0.78g/t Au from 59m.

  • BLRC008: 2m at 0.39% Cu from 45m.

  • BLRC007: 6m at 0.24% Cu from 121m.

P: +61 8 9481 0389 E: [email protected] W: www.kingfishermining.com.au

Unit 2, 106 Robinson Avenue Belmont WA 6104 AUSTRALIA

GPO Box 2517 Perth WA 6831 AUSTRALIA

  • BLRC006: 2m at 0.85% Cu from 28m, including 1m at 1.55% Cu from 29m.

Kingfisher’s Executive Director and CEO James Farrell commented: “Drilling at Boolaloo has now returned copper and gold results from five prospects, K15, K16, Copper Strike, Erny Bore and the Green Hills Prospect, which was discovered by the Company last year.

The new results highlight the potential for the discovery of new mineralisation at surface associated with the mapped structures and laterally extensive alteration

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corridors which, individually, extend for up to 12km and occur as multiple parallel zones in a mineralised corridor that extends for over 30km within the Company’s tenure.

Our on-going exploration at Boolaloo will continue to define these new mineralisation zones, and in particular, we will be looking for opportunities laterally along strike and opportunities at depth. We will also focus on additional areas which includes a strong conductor from the recent VTEM survey on the recently granted exploration licence E08/3247.

Following the recent discovery of rare earth mineralisation at the Company’s Mick Well Project, the Company has commenced a review of the exploration activities planned for 2022. The discovery intercept from Mick Well together with the identification of significant areas of carbonatite intrusions, which are associated with rare earth elements, has highlighted the significant potential of the project. Together with the on-going work at Boolaloo, the Company will also be focussing significant effort on rare earths exploration in the Gascoyne region during 2022.”

The RC drilling program at Boolaloo has successfully tested three separate targets; Erny Bore, Green Hills and EM1 (Figure 1).

==> picture [470 x 318] intentionally omitted <==

----- Start of picture text -----

E08/3246 E08/3067 Legend
RC drill hole
Diamond drill hole
Mineralised structure
Erny Bore Tenement boundaries
EM1
Target conductors
Green Hills
K15 Copper Strike
K16 Conductor target
Eagles Rest
2km E08/3247
----- End of picture text -----

Figure 1: Boolaloo prospects and drill holes. The airborne electromagnetic survey (channel 30) results are shown, with a late-time conductor in the recently granted E08/3247.

The Erny Bore Prospect appears as a series of shears and quartz veins and outcrops over a strike length of 150m. The prospect has been defined by historic rocks chip samples which include 8.06 g/t Au, 2.10 g/t Au, 1.81 g/t Au and 1.21 g/t Au[1] and is associated with a strong conductor, which lies approximately 100m along strike from the rock chip samples. The historic rock chips, together with the strong conductor and

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interpreted airborne electromagnetic (EM) survey results suggest a potential target zone of over 1km at Erny Bore (see ASX announcement 21 July 2021).

Green Hills was identified as a potential target from the reprocessing of the airborne hyperspectral survey and the Company’s structural interpretation, with first pass mapping and sampling in the area returning rock chip sample results with over 24% Cu and more than 1 g/t Au (Figure 2 and ASX announcements 17 February 2021 and 9 September 2021).

The third target tested during the Boolaloo RC drilling program was EM1, a bedrock conductor identified from the airborne EM survey which is approximately 3km west of Erny Bore and on the interpreted extensions of the Erny Bore structure.

==> picture [203 x 270] intentionally omitted <==

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Figure 2: Outcropping mineralisation at the newly discovered Green Hills Prospect and rock chip sample BLGS0240 which returned results of 24.30% Cu and 0.59 g/t Au.

The RC drilling completed at Boolaloo included nine holes for 1,483 metres. Drill holes BLRC001 and BLRC002 were completed at the Green Hills Prospect, with the most significant result returned from BLRC002 which included 12m at 0.72% Cu and 0.14 g/t Au from surface, including 4m at 1.16% Cu and 0.27 g/t Au from 4m downhole (Figure 3). Both of the Green Hills drill holes intersected the target structure, which remains open along strike and down-dip at depth (Figure 4).

The Erny Bore drilling included drill holes BLRC005 to BLRC009. All of the drill holes at Erny Bore intersected the target structure with the most significant results returned from BLRC009, which included 2m at 0.95% Cu and 0.40g/t Au from 59m, including 1m at 1.73% Cu and 0.78g/t Au from 59m downhole. A second interval in BLRC009 returned 11m at 0.38% Cu from 79m downhole. Drill hole BLRC009 was completed on the eastern-most section at Erny Bore and the mineralisation remains open to the east and at depth (Figure 5).

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Drill holes BLRC003 and BLRC004 were completed at the EM1 target and did not return anomalous results. The target conductor from the VTEM[TM] electromagnetic survey appears to be related to carbonaceous sediments.

Legend RC drill hole Mineralised structure Figure 5 Rock Chips – Cu% 0.0 – 0.1 0.1 – 0.5 0.5 – 1.0 1.0 – 5.0 >5.0 Erny Bore BLRC006: 2m at 0.85% Cu, including 1m at 1.55% Cu. BLRC007: 6m at 0.24% Cu. BLRC008: 2m at 0.39% Cu. BLRC009: 2m at 0.95% Cu and 0.40g/t Au, including 1m at 1.73% Cu Green Hills and 0.78g/t Au. Second interval of BLRC001: 8m at 0.25% Cu. 11m at 0.38% Cu. BLRC002: 12m at 0.72% Cu and 0.14 g/t Au, including 4m at 1.16% Cu and 0.27 g/t Au.

Figure 3: Green Hills and Erny Bore RC drill hole locations and sample results. Results for previously announced rock chip samples are also shown.

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----- Start of picture text -----

SW NE
12m at 0.72% Cu and 0.14 g/t Au, including
4m at 1.16% Cu and 0.27 g/t Au.
Open
Legend
Drill hole – Cu%
0.1 – 0.2
0.2 – 1.0
>1.0
----- End of picture text -----

Figure 4: Cross-section showing BLRC002 at Green Hills. The section location is shown on Figure 3.

==> picture [329 x 282] intentionally omitted <==

----- Start of picture text -----

SW NE
2m at 0.95% Cu and 0.40g/t Au, including
1m at 1.73% Cu and 0.78g/t Au.
11m at 0.38% Cu.
6m at 0.24% Cu.
Open
Legend
Drill hole – Cu%
Open 0.1 – 0.2
0.2 – 1.0
>1.0
----- End of picture text -----

Figure 5: Cross-section showing BLRC007 and BLRC009 at Erny Bore. The section location is shown on Figure 3.

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Figure 6: Location of the Boolaloo Project in the Ashburton Mineral Field showing the K16, Copper Strike and Erny Bore Prospects and the Company’s tenure. 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 past production[i] and resources[ii] of the Paulsens Gold Mine and the Mt Clement Project[iii] .

Upcoming News

  • February 2022: Rock chips results from sighter and follow-up programs targeting carbonatites and rare earth elements.

  • February 2022: Updated exploration strategy and program for 2022, building on the rare earths focus for the Gascoyne Mineral Field.

About the Boolaloo Project

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 3). The Company has granted exploration licences over the potential strike extents of the interpreted mineralised structures, giving a significant strategic holding in an emerging province and tenure which now covers more than 30km of strike of the interpreted mineralised structures.

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Past exploration has established the potential for the discovery of copper mineralisation at the project, with previous reverse circulation (RC) and recent diamond drilling returning very encouraging results which include:

  • 4m at 1.06% Cu and 1.40 g/t Au from 109m, including 1m at 1.41% Cu and 2.70 g/t Au from 110m (MIRC002)[ 2] ;

  • 3m at 1.83% Cu and 1.12 g/t Au from 96m, including 1m at 3.14% Cu and 1.38 g/t Au from 96m (MIRC004)[ 2] ;

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

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

  • 2m at 3.81% Cu and 0.62 g/t Au from 62m (MIRC027)[3] .

  • 10.05m at 0.84% Cu and 0.11 g/t Au from 23.15m, including 2.7m at 1.45% Cu and 0.14 g/t Au from 23.15m and 0.85m at 2.68% Cu and 0.49 g/t Au from 32.35m (BLDD003)[4] .

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.

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: [email protected]

Media & Investor Enquiries

Peter Taylor, NWR Communications Ph: +61 412 036 231 E: [email protected]

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 significant landholdings across the interpreted extensions of its target mineralised structures. This includes more than 50km of strike across the target geology that covers the Kingfisher and Mick Well Projects in the Gascoyne region where the Company has discovered rare earth element mineralisation associated with carbonatite intrusions. Kingfisher also holds more than 30km of strike across the Boolaloo Project in the Ashburton Basin where the Company has advanced copper and gold prospects.

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

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Previous ASX Announcements

ASX Announcement ‘Reprocessed Airborne Survey Reveals Extensive Hydrothermal Alteration at Boolaloo Copper-Gold Project’. Kingfisher Mining Limited (ASX:KFM), 17 February 2021.

ASX Announcement ‘Exciting Conductors Identified from Airborne Electromagnetic Survey at Boolaloo’. Kingfisher Mining Limited (ASX:KFM), 21 July 2021.

ASX Announcement ‘New Copper and Gold Mineralisation Discovered from On-Going Exploration at Boolaloo’. Kingfisher Mining Limited (ASX:KFM), 9 September 2021.

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

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

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

  • 4 ASX Announcement ‘Maiden Diamond Drilling Results Confirm Multiple Copper Zones at Boolaloo’. Kingfisher Mining Limited (ASX:KFM), 12 August 2021.

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-Fact-Sheet-July2018.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-ex-KCGM13-08-2020.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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Annexure 1: Drill Hole Information

Collar and Survey

Target Hole ID Easting Northing Elevation Depth Azimuth Dip
Green Hills BLRC001
BLRC002		 410295 7468046 189 130 205 -60
410330 7468024 189 100 205 -60
EM1 BLRC003
BLRC004		 406632 7470149 174 173 180 -60
406735 7470128 172 180 180 -60
Erny Bore BLRC005
BLRC006
BLRC007
BLRC008
BLRC009		 409218 7469285 185 250 200 -60
409268 7469244 188 180 200 -60
409358 7469234 186 200 200 -60
409303 7469218 195 130 200 -60
409350 7469206 194 140 200 -60

Analytical Data

DHID From To Cu% Au g/t DHID From To Cu% Au g/t
BLRC001 0 4 0.03 0.01 BLRC002 36 40 0.01 0.00
BLRC001 4 8 0.00 0.00 BLRC002 40 44 0.01 0.00
BLRC001 8 12 0.01 0.00 BLRC002 44 48 0.01 0.00
BLRC001 12 16 0.10 0.01 BLRC002 48 52 0.00 0.00
BLRC001 16 20 0.09 0.01 BLRC002 52 56 0.00 0.00
BLRC001 20 24 0.30 0.04 BLRC002 56 60 0.00 0.00
BLRC001 24 28 0.20 0.02 BLRC002 60 64 0.00 0.00
BLRC001 28 32 0.12 0.02 BLRC002 64 68 0.00 0.00
BLRC001 32 36 0.02 0.00 BLRC002 68 72 0.00 0.00
BLRC001 36 40 0.01 0.00 BLRC002 72 76 0.00 0.00
BLRC001 40 44 0.12 0.02 BLRC002 76 80 0.00 0.00
BLRC001 44 48 0.03 0.00 BLRC002 80 84 0.04 0.00
BLRC001 48 52 0.05 0.01 BLRC002 84 88 0.01 0.00
BLRC001 52 56 0.02 0.00 BLRC002 88 92 0.01 0.01
BLRC001 56 60 0.00 0.00 BLRC002 92 96 0.00 0.00
BLRC001 60 64 0.01 0.00 BLRC002 96 100 0.00 0.00
BLRC001 64 68 0.03 0.00 BLRC003 0 4 0.01 0.00
BLRC001 68 72 0.00 0.00 BLRC003 4 8 0.00 0.00
BLRC001 72 76 0.00 0.00 BLRC003 8 12 0.00 0.00
BLRC001 76 80 0.00 0.01 BLRC003 12 16 0.00 0.00
BLRC001 80 84 0.00 0.01 BLRC003 16 20 0.00 0.00
BLRC001 84 88 0.00 0.01 BLRC003 20 24 0.00 0.00
BLRC001 88 92 0.00 0.01 BLRC003 24 28 0.00 0.00
BLRC001 92 96 0.01 0.00 BLRC003 28 32 0.00 0.00
BLRC001 96 100 0.02 0.00 BLRC003 32 36 0.00 0.00
BLRC001 100 104 0.09 0.01 BLRC003 36 40 0.00 0.00
BLRC001 104 108 0.02 0.00 BLRC003 40 44 0.00 0.00
BLRC001 108 112 0.00 0.00 BLRC003 44 48 0.00 0.00
BLRC001 112 116 0.01 0.00 BLRC003 48 52 0.00 0.00
BLRC001 116 120 0.00 0.00 BLRC003 52 56 0.00 0.00
BLRC001 120 124 0.00 0.01 BLRC003 56 60 0.00 0.00
BLRC001 124 128 0.00 0.00 BLRC003 60 64 0.00 0.00
BLRC001 128 130 0.00 0.00 BLRC003 64 68 0.00 0.00
BLRC002 0 4 0.68 0.16 BLRC003 68 72 0.00 0.00
BLRC002 4 8 1.16 0.27 BLRC003 72 76 0.00 0.00
BLRC002 8 12 0.33 0.01 BLRC003 76 80 0.00 0.00
BLRC002 12 16 0.02 0.00 BLRC003 80 84 0.00 0.00
BLRC002 16 20 0.02 0.00 BLRC003 84 88 0.00 0.00
BLRC002 20 24 0.01 0.00 BLRC003 88 92 0.00 0.00
BLRC002 24 28 0.01 0.00 BLRC003 92 96 0.00 0.00
BLRC002 28 32 0.01 0.00 BLRC003 96 100 0.00 0.00
BLRC002 32 36 0.00 0.00 BLRC003 100 104 0.01 0.00

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DHID From To Cu% Au g/t DHID From To Cu% Au g/t
BLRC003 104 108 0.00 0.00 BLRC004 156 160 0.00 0.00
BLRC003 108 112 0.00 0.00 BLRC004 164 168 0.00 0.00
BLRC003 112 116 0.00 0.00 BLRC004 168 172 0.00 0.00
BLRC003 116 120 0.00 0.00 BLRC004 172 176 0.00 0.00
BLRC003 120 124 0.00 0.00 BLRC004 176 180 0.00 0.01
BLRC003 124 128 0.00 0.00 BLRC005 0 4 0.01 0.01
BLRC003 128 132 0.00 0.00 BLRC005 4 8 0.01 0.00
BLRC003 132 136 0.00 0.00 BLRC005 8 12 0.00 0.00
BLRC003 136 140 0.00 0.00 BLRC005 12 16 0.00 0.00
BLRC003 140 144 0.00 0.00 BLRC005 16 20 0.00 0.00
BLRC003 144 148 0.00 0.00 BLRC005 20 21 0.00 0.00
BLRC003 148 152 0.00 0.00 BLRC005 21 22 0.00 0.00
BLRC003 152 156 0.00 0.00 BLRC005 22 23 0.01 0.00
BLRC003 156 160 0.00 0.00 BLRC005 23 24 0.01 0.00
BLRC003 160 164 0.00 0.00 BLRC005 24 25 0.01 0.00
BLRC003 164 168 0.00 0.00 BLRC005 25 26 0.01 0.00
BLRC003 168 172 0.00 0.00 BLRC005 26 27 0.00 0.00
BLRC003 172 173 0.00 0.00 BLRC005 27 28 0.00 0.00
BLRC004 0 4 0.00 0.00 BLRC005 28 29 0.01 0.00
BLRC004 4 8 0.00 0.00 BLRC005 29 30 0.00 0.00
BLRC004 8 12 0.00 0.00 BLRC005 30 31 0.00 0.00
BLRC004 12 16 0.00 0.00 BLRC005 31 32 0.00 0.00
BLRC004 16 20 0.01 0.00 BLRC005 32 36 0.01 0.01
BLRC004 20 24 0.00 0.00 BLRC005 36 40 0.02 0.00
BLRC004 24 28 0.00 0.00 BLRC005 40 44 0.00 0.00
BLRC004 28 32 0.00 0.00 BLRC005 44 48 0.00 0.00
BLRC004 32 36 0.00 0.00 BLRC005 48 52 0.00 0.00
BLRC004 36 40 0.00 0.00 BLRC005 52 53 0.01 0.00
BLRC004 40 44 0.00 0.00 BLRC005 53 54 0.01 0.00
BLRC004 44 48 0.00 0.00 BLRC005 54 55 0.01 0.01
BLRC004 48 52 0.00 0.00 BLRC005 55 56 0.01 0.02
BLRC004 52 56 0.00 0.00 BLRC005 56 60 0.01 0.02
BLRC004 56 60 0.00 0.00 BLRC005 60 64 0.01 0.01
BLRC004 60 64 0.00 0.00 BLRC005 64 68 0.01 0.02
BLRC004 64 68 0.00 0.00 BLRC005 68 72 0.01 0.02
BLRC004 68 72 0.00 0.00 BLRC005 72 76 0.02 0.03
BLRC004 72 76 0.00 0.00 BLRC005 76 80 0.01 0.00
BLRC004 76 80 0.00 0.00 BLRC005 80 84 0.00 0.00
BLRC004 80 84 0.00 0.00 BLRC005 84 85 0.01 0.02
BLRC004 84 88 0.00 0.00 BLRC005 85 86 0.03 0.04
BLRC004 88 92 0.00 0.00 BLRC005 86 87 0.09 0.21
BLRC004 92 96 0.00 0.00 BLRC005 87 88 0.02 0.01
BLRC004 96 100 0.00 0.00 BLRC005 88 92 0.00 0.08
BLRC004 100 104 0.00 0.00 BLRC005 92 96 0.00 0.01
BLRC004 104 108 0.00 0.00 BLRC005 96 100 0.01 0.03
BLRC004 108 112 0.00 0.00 BLRC005 100 104 0.00 0.04
BLRC004 112 116 0.00 0.00 BLRC005 104 108 0.00 0.03
BLRC004 116 120 0.00 0.00 BLRC005 108 112 0.01 0.03
BLRC004 120 124 0.00 0.00 BLRC005 112 116 0.02 0.04
BLRC004 124 128 0.00 0.00 BLRC005 116 120 0.01 0.03
BLRC004 128 132 0.00 0.00 BLRC005 120 124 0.00 0.02
BLRC004 132 136 0.00 0.00 BLRC005 124 128 0.00 0.03
BLRC004 136 140 0.01 0.00 BLRC005 128 132 0.11 0.10
BLRC004 140 144 0.00 0.00 BLRC005 132 133 0.12 0.02
BLRC004 144 148 0.00 0.00 BLRC005 133 134 0.06 0.02
BLRC004 148 152 0.00 0.00 BLRC005 134 135 0.03 0.01
BLRC004 152 156 0.00 0.00 BLRC005 135 136 0.04 0.01

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DHID From To Cu% Au g/t DHID From To Cu% Au g/t
BLRC005 136 137 0.18 0.04 BLRC006 28 29 0.16 0.04
BLRC005 137 138 0.02 0.00 BLRC006 29 30 1.55 0.15
BLRC005 138 139 0.01 0.00 BLRC006 30 31 0.01 0.00
BLRC005 139 140 0.02 0.01 BLRC006 31 32 0.00 0.00
BLRC005 140 141 0.01 0.00 BLRC006 32 36 0.01 0.00
BLRC005 141 142 0.00 0.00 BLRC006 36 40 0.00 0.00
BLRC005 142 143 0.00 0.00 BLRC006 40 44 0.00 0.01
BLRC005 143 144 0.01 0.00 BLRC006 44 45 0.00 0.01
BLRC005 144 145 0.00 0.00 BLRC006 45 46 0.00 0.59
BLRC005 145 146 0.00 0.00 BLRC006 46 47 0.01 0.57
BLRC005 146 147 0.00 0.00 BLRC006 47 48 0.01 0.04
BLRC005 147 148 0.00 0.00 BLRC006 48 52 0.01 0.04
BLRC005 148 149 0.01 0.00 BLRC006 52 56 0.00 0.02
BLRC005 149 150 0.00 0.00 BLRC006 56 60 0.00 0.01
BLRC005 150 151 0.00 0.00 BLRC006 60 64 0.06 0.07
BLRC005 151 152 0.00 0.00 BLRC006 64 68 0.00 0.01
BLRC005 152 156 0.00 0.00 BLRC006 68 72 0.01 0.01
BLRC005 156 160 0.00 0.00 BLRC006 72 76 0.00 0.01
BLRC005 160 164 0.01 0.00 BLRC006 76 80 0.01 0.03
BLRC005 164 168 0.00 0.00 BLRC006 80 84 0.01 0.03
BLRC005 168 172 0.00 0.00 BLRC006 84 88 0.01 0.02
BLRC005 172 176 0.00 0.00 BLRC006 88 92 0.01 0.12
BLRC005 176 180 0.00 0.00 BLRC006 92 96 0.10 0.08
BLRC005 180 184 0.01 0.00 BLRC006 96 100 0.00 0.00
BLRC005 184 188 0.01 0.00 BLRC006 100 104 0.00 0.00
BLRC005 188 192 0.01 0.00 BLRC006 104 108 0.01 0.00
BLRC005 192 196 0.01 0.00 BLRC006 108 112 0.00 0.01
BLRC005 196 200 0.01 0.01 BLRC006 112 116 0.00 0.00
BLRC005 200 204 0.00 0.00 BLRC006 116 120 0.01 0.00
BLRC005 204 208 0.01 0.00 BLRC006 120 124 0.01 0.03
BLRC005 208 212 0.00 0.00 BLRC006 124 128 0.00 0.01
BLRC005 212 213 0.00 0.00 BLRC006 128 129 0.02 0.00
BLRC005 213 214 0.00 0.00 BLRC006 129 130 0.03 0.00
BLRC005 214 215 0.01 0.00 BLRC006 130 131 0.01 0.01
BLRC005 215 216 0.00 0.00 BLRC006 131 132 0.01 0.00
BLRC005 216 217 0.00 0.00 BLRC006 132 136 0.01 0.00
BLRC005 217 218 0.00 0.00 BLRC006 136 140 0.00 0.00
BLRC005 218 219 0.01 0.01 BLRC006 140 144 0.00 0.00
BLRC005 219 220 0.00 0.01 BLRC006 144 145 0.00 0.01
BLRC005 220 224 0.00 0.00 BLRC006 145 146 0.00 0.01
BLRC005 224 228 0.00 0.01 BLRC006 146 147 0.00 0.01
BLRC005 228 232 0.00 0.01 BLRC006 147 148 0.00 0.01
BLRC005 232 236 0.00 0.01 BLRC006 148 149 0.00 0.00
BLRC005 236 240 0.00 0.01 BLRC006 149 150 0.00 0.00
BLRC005 240 244 0.01 0.01 BLRC006 150 151 0.01 0.01
BLRC005 244 248 0.00 0.01 BLRC006 151 152 0.01 0.01
BLRC005 248 250 0.00 0.01 BLRC006 152 153 0.00 0.00
BLRC006 0 4 0.01 0.03 BLRC006 153 154 0.00 0.00
BLRC006 4 8 0.02 0.08 BLRC006 154 155 0.00 0.00
BLRC006 8 12 0.01 0.03 BLRC006 155 156 0.00 0.00
BLRC006 12 16 0.06 0.03 BLRC006 156 160 0.00 0.00
BLRC006 16 20 0.09 0.03 BLRC006 160 164 0.00 0.00
BLRC006 20 24 0.03 0.04 BLRC006 164 165 0.00 0.00
BLRC006 24 25 0.00 0.04 BLRC006 165 166 0.00 0.00
BLRC006 25 26 0.01 0.08 BLRC006 166 167 0.00 0.00
BLRC006 26 27 0.00 0.01 BLRC006 167 168 0.08 0.00
BLRC006 27 28 0.00 0.00 BLRC006 168 169 0.02 0.00

11

DHID From To Cu% Au g/t DHID From To Cu% Au g/t
BLRC006 169 170 0.01 0.00 BLRC007 112 116 0.03 0.01
BLRC006 170 171 0.01 0.00 BLRC007 116 117 0.06 0.09
BLRC006 171 172 0.01 0.00 BLRC007 117 118 0.02 0.02
BLRC006 172 176 0.00 0.00 BLRC007 118 119 0.00 0.00
BLRC006 176 180 0.01 0.01 BLRC007 119 120 0.01 0.01
BLRC007 0 4 0.08 0.01 BLRC007 120 121 0.18 0.09
BLRC007 4 8 0.04 0.01 BLRC007 121 122 0.39 0.29
BLRC007 8 12 0.02 0.01 BLRC007 122 123 0.11 0.11
BLRC007 12 13 0.00 0.00 BLRC007 123 124 0.07 0.04
BLRC007 13 14 0.00 0.00 BLRC007 124 125 0.14 0.03
BLRC007 14 15 0.01 0.00 BLRC007 125 126 0.41 0.05
BLRC007 15 16 0.01 0.03 BLRC007 126 127 0.30 0.03
BLRC007 16 17 0.02 0.02 BLRC007 127 128 0.02 0.01
BLRC007 17 18 0.01 0.01 BLRC007 128 132 0.01 0.00
BLRC007 18 19 0.04 0.01 BLRC007 132 136 0.01 0.01
BLRC007 19 20 0.02 0.01 BLRC007 136 140 0.01 0.00
BLRC007 20 24 0.01 0.00 BLRC007 140 144 0.01 0.02
BLRC007 24 28 0.01 0.01 BLRC007 144 145 0.01 0.00
BLRC007 28 32 0.02 0.01 BLRC007 145 146 0.01 0.00
BLRC007 32 36 0.02 0.00 BLRC007 146 147 0.01 0.00
BLRC007 36 40 0.01 0.01 BLRC007 147 148 0.03 0.01
BLRC007 40 44 0.00 0.02 BLRC007 148 149 0.04 0.01
BLRC007 44 45 0.00 0.00 BLRC007 149 150 0.04 0.02
BLRC007 45 46 0.01 0.01 BLRC007 150 151 0.01 0.01
BLRC007 46 47 0.01 0.01 BLRC007 151 152 0.01 0.00
BLRC007 47 48 0.01 0.00 BLRC007 152 156 0.01 0.00
BLRC007 48 49 0.02 0.00 BLRC007 156 160 0.01 0.01
BLRC007 49 50 0.03 0.00 BLRC007 160 164 0.03 0.01
BLRC007 50 51 0.01 0.00 BLRC007 164 165 0.00 0.02
BLRC007 51 52 0.01 0.00 BLRC007 165 166 0.00 0.00
BLRC007 52 56 0.01 0.01 BLRC007 166 167 0.02 0.01
BLRC007 56 60 0.01 0.01 BLRC007 167 168 0.00 0.01
BLRC007 60 61 0.06 0.02 BLRC007 168 169 0.01 0.00
BLRC007 61 62 0.02 0.01 BLRC007 169 170 0.00 0.00
BLRC007 62 63 0.04 0.01 BLRC007 170 171 0.00 0.01
BLRC007 63 64 0.01 0.02 BLRC007 171 172 0.00 0.01
BLRC007 64 65 0.01 0.00 BLRC007 172 176 0.00 0.00
BLRC007 65 66 0.00 0.00 BLRC007 176 180 0.00 0.00
BLRC007 66 67 0.01 0.00 BLRC007 180 184 0.00 0.01
BLRC007 67 68 0.01 0.00 BLRC007 184 188 0.01 0.01
BLRC007 68 72 0.01 0.00 BLRC007 188 192 0.00 0.01
BLRC007 72 76 0.05 0.08 BLRC007 192 196 0.00 0.00
BLRC007 76 80 0.02 0.02 BLRC007 196 200 0.01 0.01
BLRC007 80 81 0.02 0.03 BLRC008 0 1 0.00 0.00
BLRC007 81 82 0.25 0.04 BLRC008 1 2 0.01 0.03
BLRC007 82 83 0.05 0.02 BLRC008 2 3 0.01 0.02
BLRC007 83 84 0.01 0.01 BLRC008 3 4 0.01 0.00
BLRC007 84 85 0.24 0.12 BLRC008 4 5 0.01 0.07
BLRC007 85 86 0.13 0.03 BLRC008 5 6 0.00 0.00
BLRC007 86 87 0.06 0.01 BLRC008 6 7 0.01 0.00
BLRC007 87 88 0.04 0.07 BLRC008 7 8 0.02 0.00
BLRC007 88 92 0.03 0.04 BLRC008 8 9 0.00 0.00
BLRC007 92 96 0.00 0.01 BLRC008 9 10 0.03 0.00
BLRC007 96 100 0.01 0.01 BLRC008 10 11 0.15 0.01
BLRC007 100 104 0.01 0.01 BLRC008 11 12 0.02 0.00
BLRC007 104 108 0.03 0.01 BLRC008 12 16 0.01 0.01
BLRC007 108 112 0.01 0.01 BLRC008 16 20 0.01 0.01

12

DHID From To Cu% Au g/t DHID From To Cu% Au g/t
BLRC008 20 24 0.08 0.03 BLRC009 5 6 0.02 0.04
BLRC008 24 28 0.01 0.02 BLRC009 6 7 0.00 0.02
BLRC008 28 32 0.01 0.01 BLRC009 7 8 0.00 0.04
BLRC008 32 36 0.01 0.00 BLRC009 8 9 0.00 0.01
BLRC008 36 37 0.07 0.02 BLRC009 9 10 0.00 0.01
BLRC008 37 38 0.04 0.15 BLRC009 10 11 0.00 0.01
BLRC008 38 39 0.01 0.01 BLRC009 11 12 0.01 0.01
BLRC008 39 40 0.01 0.01 BLRC009 12 13 0.01 0.01
BLRC008 40 41 0.01 0.01 BLRC009 13 14 0.01 0.01
BLRC008 41 42 0.01 0.00 BLRC009 14 15 0.01 0.00
BLRC008 42 43 0.02 0.01 BLRC009 15 16 0.03 0.01
BLRC008 43 44 0.03 0.02 BLRC009 16 17 0.07 0.01
BLRC008 44 45 0.01 0.00 BLRC009 17 18 0.10 0.12
BLRC008 45 46 0.49 0.14 BLRC009 18 19 0.04 0.01
BLRC008 46 47 0.29 0.02 BLRC009 19 20 0.05 0.06
BLRC008 47 48 0.04 0.01 BLRC009 20 21 0.01 0.01
BLRC008 48 49 0.03 0.01 BLRC009 21 22 0.01 0.01
BLRC008 49 50 0.03 0.00 BLRC009 22 23 0.00 0.01
BLRC008 50 51 0.05 0.01 BLRC009 23 24 0.00 0.01
BLRC008 51 52 0.23 0.02 BLRC009 24 25 0.01 0.01
BLRC008 52 53 0.08 0.01 BLRC009 25 26 0.02 0.01
BLRC008 53 54 0.03 0.01 BLRC009 26 27 0.01 0.01
BLRC008 54 55 0.02 0.01 BLRC009 27 28 0.01 0.02
BLRC008 55 56 0.20 0.24 BLRC009 28 29 0.01 0.01
BLRC008 56 60 0.05 0.02 BLRC009 29 30 0.00 0.01
BLRC008 60 64 0.03 0.03 BLRC009 30 31 0.00 0.01
BLRC008 64 68 0.04 0.06 BLRC009 31 32 0.01 0.00
BLRC008 68 72 0.01 0.01 BLRC009 32 33 0.01 0.01
BLRC008 72 73 0.02 0.00 BLRC009 33 34 0.01 0.01
BLRC008 73 74 0.03 0.00 BLRC009 34 35 0.01 0.01
BLRC008 74 75 0.04 0.01 BLRC009 35 36 0.01 0.01
BLRC008 75 76 0.01 0.01 BLRC009 36 37 0.01 0.00
BLRC008 76 80 0.02 0.00 BLRC009 37 38 0.01 0.01
BLRC008 80 84 0.00 0.01 BLRC009 38 39 0.08 0.05
BLRC008 84 88 0.01 0.00 BLRC009 39 40 0.03 0.02
BLRC008 88 92 0.01 0.02 BLRC009 40 41 0.03 0.03
BLRC008 92 96 0.01 0.01 BLRC009 41 42 0.01 0.01
BLRC008 96 100 0.01 0.00 BLRC009 42 43 0.00 0.01
BLRC008 100 101 0.02 0.00 BLRC009 43 44 0.01 0.01
BLRC008 101 102 0.00 0.00 BLRC009 44 45 0.00 0.01
BLRC008 102 103 0.00 0.00 BLRC009 45 46 0.00 0.01
BLRC008 103 104 0.00 0.00 BLRC009 46 47 0.00 0.01
BLRC008 104 105 0.01 0.01 BLRC009 47 48 0.01 0.01
BLRC008 105 106 0.02 0.01 BLRC009 48 49 0.00 0.00
BLRC008 106 107 0.00 0.00 BLRC009 49 50 0.00 0.00
BLRC008 107 108 0.00 0.00 BLRC009 50 51 0.02 0.03
BLRC008 108 112 0.01 0.00 BLRC009 51 52 0.01 0.01
BLRC008 112 116 0.01 0.00 BLRC009 52 53 0.00 0.00
BLRC008 116 120 0.01 0.00 BLRC009 53 54 0.02 0.05
BLRC008 120 124 0.01 0.00 BLRC009 54 55 0.00 0.01
BLRC008 124 126 0.01 0.00 BLRC009 55 56 0.02 0.02
BLRC008 126 130 0.00 0.00 BLRC009 56 57 0.01 0.02
BLRC009 0 1 0.00 0.01 BLRC009 57 58 0.01 0.01
BLRC009 1 2 0.00 0.00 BLRC009 58 59 0.03 0.03
BLRC009 2 3 0.00 0.01 BLRC009 59 60 1.73 0.78
BLRC009 3 4 0.00 0.01 BLRC009 60 61 0.18 0.02
BLRC009 4 5 0.00 0.01 BLRC009 61 62 0.14 0.06

13

DHID From To Cu% Au g/t DHID From To Cu% Au g/t
BLRC009 62 63 0.03 0.01 BLRC009 116 117 0.00 0.00
BLRC009 63 64 0.09 0.10 BLRC009 117 118 0.00 0.00
BLRC009 64 65 0.02 0.02 BLRC009 118 119 0.00 0.00
BLRC009 65 66 0.02 0.01 BLRC009 119 120 0.01 0.01
BLRC009 66 67 0.06 0.09 BLRC009 120 121 0.02 0.00
BLRC009 67 68 0.11 0.06 BLRC009 121 122 0.02 0.01
BLRC009 68 69 0.03 0.02 BLRC009 122 123 0.02 0.02
BLRC009 69 70 0.01 0.01 BLRC009 123 124 0.01 0.01
BLRC009 70 71 0.01 0.01 BLRC009 124 125 0.01 0.00
BLRC009 71 72 0.02 0.02 BLRC009 125 126 0.01 0.01
BLRC009 72 73 0.18 0.06 BLRC009 126 127 0.01 0.01
BLRC009 73 74 0.06 0.01 BLRC009 127 128 0.02 0.00
BLRC009 74 75 0.03 0.01 BLRC009 128 129 0.01 0.01
BLRC009 75 76 0.07 0.01 BLRC009 129 130 0.01 0.00
BLRC009 76 77 0.02 0.00 BLRC009 130 131 0.01 0.00
BLRC009 77 78 0.03 0.01 BLRC009 131 132 0.01 0.00
BLRC009 78 79 0.04 0.04 BLRC009 132 133 0.01 0.00
BLRC009 79 80 0.24 0.03 BLRC009 133 134 0.00 0.01
BLRC009 80 81 0.21 0.03 BLRC009 134 135 0.00 0.01
BLRC009 81 82 0.10 0.02 BLRC009 135 136 0.01 0.01
BLRC009 82 83 0.13 0.03 BLRC009 136 137 0.01 0.01
BLRC009 83 84 0.61 0.11 BLRC009 137 138 0.00 0.00
BLRC009 84 85 0.46 0.07 BLRC009 138 139 0.00 0.01
BLRC009 85 86 0.37 0.19 BLRC009 139 140 0.00 0.01
BLRC009 86 87 0.68 0.07
BLRC009 87 88 0.27 0.11
BLRC009 88 89 0.70 0.04
BLRC009 89 90 0.46 0.01
BLRC009 90 91 0.02 0.01
BLRC009 91 92 0.01 0.00
BLRC009 92 93 0.00 0.00
BLRC009 93 94 0.01 0.00
BLRC009 94 95 0.01 0.00
BLRC009 95 96 0.01 0.00
BLRC009 96 97 0.01 0.01
BLRC009 97 98 0.01 0.00
BLRC009 98 99 0.02 0.01
BLRC009 99 100 0.01 0.01
BLRC009 100 101 0.01 0.01
BLRC009 101 102 0.01 0.01
BLRC009 102 103 0.01 0.00
BLRC009 103 104 0.01 0.00
BLRC009 104 105 0.01 0.00
BLRC009 105 106 0.01 0.00
BLRC009 106 107 0.01 0.00
BLRC009 107 108 0.01 0.01
BLRC009 108 109 0.01 0.00
BLRC009 109 110 0.01 0.00
BLRC009 110 111 0.01 0.00
BLRC009 111 112 0.01 0.01
BLRC009 112 113 0.05 0.01
BLRC009 113 114 0.01 0.01
BLRC009 114 115 0.01 0.00
BLRC009 115 116 0.00 0.00

The results were reported using a cut-off grade of 0.2% Cu and a minimum interval length of 2m. Higher grade ‘included’ results were reported using a cut-off grade of 1.0% Cu.

14

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 • RC drill samples were collected at 1m intervals and composited
techniques specialised industry standard measurement tools appropriate to the minerals to 4m lengths for analysis.
under investigation, such as down hole gamma sondes, or handheld XRF • The 4m composite or 1m sample (where submitted) were
instruments, etc). These examples should not be taken as limiting the broad crushed and a sub-fraction obtained for pulverisation.
meaning of sampling. • Rock chip samples were taken as individual rocks representing
• Include reference to measures taken to ensure sample representivity and the an outcrop to give an indication of possible grades and widths
appropriate calibration of any measurement tools or systems used. that can be expected from drilling. Individual rock samples can
• Aspects of the determination of mineralisation that are Material to the Public be biased towards higher grade mineralisation.
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, • Drilling was completed using a Schramm T450 reverse
techniques auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard circulation drill rig.
tube, depth of diamond tails, face-sampling bit or other type, whether core is • The reverse circulation drilling used a face-sampling hammer.
_oriented and if so, by what method, etc). _
Drill sample • Method of recording and assessing core and chip sample recoveries and • Drill sample recovery was monitored by Kingfisher’s
recovery results assessed. exploration team during drilling.
• Measures taken to maximise sample recovery and ensure representative • Sample recoveries were consistently satisfactory and of a high
nature of the samples. standard throughout the 2021 RC drill program.
• 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 • Chip samples were logged for geology, alteration and
logged to a level of detail to support appropriate Mineral Resource estimation,
mineralisation at the drill rig by the Company’s geological
mining studies and metallurgical studies. personnel.
• Whether logging is qualitative or quantitative in nature. Core (or costean, • Drill logs were verified by the Company’s geologists on
channel, etc) photography. submission of the samples for laboratory analysis and were
• The total length and percentage of the relevant intersections logged. checked following receipt of the analytical data.

15

Criteria JORC Code explanation Commentary
Sub-sampling • If core, whether cut or sawn and whether quarter, half or all core taken. • RC samples were collected from the drill rig splitter in calico
techniques • If non-core, whether riffled, tube sampled, rotary split, etc and whether bags. The RC samples were generally dry.
and sample sampled wet or dry. • The 1m samples were composited to 4m intervals on site by
preparation • For all sample types, the nature, quality and appropriateness of the sample
preparation technique.		 the Company’s geologists.
• The original 1m samples were submitted for analysis for
• Quality control procedures adopted for all sub-sampling stages to maximise downhole intervals with anomalous analytical results. The
representivity of samples. results for the 1m samples are pending.
• Measures taken to ensure that the sampling is representative of the in situ • A sub-fraction was obtained for pulverisation from the crushed
material collected, including for instance results for field duplicate/second-half
RC samples using a riffle splitter.
sampling. • The entire rock chip sample was submitted for analysis. The
• Whether sample sizes are appropriate to the grain size of the material being samples were crushed and pulverised to -105 micron.
sampled.
Quality of • The nature, quality and appropriateness of the assaying and laboratory • Samples were analysed by Bureau Veritas Minerals Pty Ltd in
assay data and
procedures used and whether the technique is considered partial or total.		 Perth using Laser Ablation Inductively Coupled Plasma Mass
laboratory • For geophysical tools, spectrometers, handheld XRF instruments, etc, the Spectrometry and Inductively Coupled Plasma (ICP) Optical
tests parameters used in determining the analysis including instrument make and Emission Spectrometry. Laboratory repeats were completed at
model, reading times, calibrations factors applied and their derivation, etc. a rate of 1:25 and laboratory standards were analysed at a rate
• Nature of quality control procedures adopted (eg standards, blanks, of 1:25 for QAQC.
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. and were not considered necessary for this early stage of
assaying • The use of twinned holes. exploration.
• Documentation of primary data, data entry procedures, data verification, data • Selected original 1m samples were submitted for analysis to
storage (physical and electronic) protocols. with the 4m composite samples. The results from 1m samples
• Discuss any adjustment to assay data. are included in this report.
Location of • Accuracy and quality of surveys used to locate drill holes (collar and down-hole
• Drill hole locations were surveyed using a handheld GPS using
data points surveys), trenches, mine workings and other locations used in Mineral the UTM coordinate system, with an accuracy of +/-5m.
Resource estimation. • Downhole surveys were completed using a north-seeking
• Specification of the grid system used. gyroscopic survey tool and were reported in 30 m intervals.
• Quality and adequacy of topographic control. • Rock chip sample locations were surveyed using a handheld
GPS using the UTM coordinate system, with an accuracy of +/-
5m.

16

Criteria JORC Code explanation Commentary
Data spacing • Data spacing for reporting of Exploration Results. • Collar spacings are 40m to 100m along the strike of each
and • Whether the data spacing and distribution is sufficient to establish the degree target. Only one section has multiple drill holes, with the drill
distribution of geological and grade continuity appropriate for the Mineral Resource and holes on that section spaced at a 30m interval.
Ore Reserve estimation procedure(s) and classifications applied. • Intervals have been composited for values above the reporting
• Whether sample compositing has been applied. cut-off grades.
Orientation of • Whether the orientation of sampling achieves unbiased sampling of possible • Drill holes were drilled approximately perpendicular to the
data in structures and the extent to which this is known, considering the deposit type. strike of the mineralisation which was identified from surface
relation to • If the relationship between the drilling orientation and the orientation of key mapping and rock chip sampling.
geological
structure		 mineralised structures is considered to have introduced a sampling bias, this
should be assessed and reported if material.		 • Rock chip samples were selected to target specific geology,
alteration and mineralisation. The samples were collected to
assist the Company in developing its understanding of the
geology and exploration potential of its tenure.
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 bulka
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 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 in the Ashburton
land tenure partnerships, overriding royalties, native title interests, historical sites, region of Western Australia.
status wilderness or national park and environmental settings. • The project includes granted Exploration Licences E08/2945
• The security of the tenure held at the time of reporting along with any and E08/3067, E08/3246, E08/3247 and E08/3317.
known impediments to obtaining a licence to operate in the area. • The tenements are controlled by Kingfisher Mining Ltd.
• 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.

17

Criteria JORC Code explanation Commentary
Exploration done • Acknowledgment and appraisal of exploration by other parties. • The majority of the previous work undertaken was by Jackson
by other parties Gold Ltd between 2006 and 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 • Location, orientation, depth and sample data were tabulated
Information exploration results including a tabulation of the following information for all
and were included in this announcement for all new drill hole
Material drill holes: information received at the date of the report.
o easting and northing of the drill hole collar • No information has been excluded.
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
• Intervals that comprise more than one sample have been
methods and/or minimum grade truncations (eg cutting of high grades) and cut-off reported using averages. Length-weighting was not necessary
grades are usually Material and should be stated. as all reported averages were from samples of equal length.
• Where aggregate intercepts incorporate short lengths of high grade results • A cut-off grade of 0.2% Cu and a minimum length of 2m has
and longer lengths of low grade results, the procedure used for such been used for the reported intervals.
aggregation should be stated and some typical examples of such • Higher grade intervals with mineralisation above the reporting
aggregations should be shown in detail. cut-off grade were reported using a cut-off grade of 1.0% Cu.
• The assumptions used for any reporting of metal equivalent values should • Metal equivalents have not been used in this report.
be clearly stated.
Relationship • These relationships are particularly important in the reporting of • The drill holes were drilled perpendicular to the mineralisation
between Exploration Results. and are close to the true width of the mineralisation.
mineralisation • If the geometry of the mineralisation with respect to the drill hole angle is
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 and cross-sections showing relevant data has been
should be included for any significant discovery being reported These should
included in the report along with documentation.
Criteria JORC Code explanation Commentary
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 of the current drilling is included in this report.
reporting representative reporting of both low and high grades and/or widths should • All historic drill hole information was previously reported by
be practiced to avoid misleading reporting of Exploration Results. Jackson Gold Limited and subsequently by Kingfisher.
Other • Other exploration data, if meaningful and material, should be reported • All drill hole information was previously reported by Jackson
substantive including (but not limited to): geological observations; geophysical survey Gold Limited and subsequently by Kingfisher.
exploration data results; geochemical survey results; bulk samples – size and method of
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 will assess targets on the
or depth extensions or large-scale step-out drilling). newly granted tenements, including a conductor from the
• Diagrams clearly highlighting the areas of possible extensions, including the airborne electromagnetic survey on tenement E08/3317.
main geological interpretations and future drilling areas, provided this
information is not commercially sensitive.

19

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