KINGFISHER MINING LTD — Capital/Financing Update 2023

Oct 2, 2023

ASX KFM

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3 October 2023

ASX Announcement

Further High Grade REE Mineralisation Discovered at Mick Well

Gravity surveys completed at Mick Well and large LK1 target

Highlights

• Exceptional results returned from two newly discovered parallel mineralised lodes at MW9, with samples up to 26% Total Rare Earth Oxides (TREO) and 3.62% Nd2O3 + Pr6O11 (MWGS2873).

• Strike length of outcropping mineralisation at Mick Well increases to more than 9,000m.

• Other new rock chip results from MW9 include:

• 20.28% TREO with 3.37% Nd2O3 + Pr6O11 (MWGS2882)

• 10.34% TREO with 1.82% Nd2O3 + Pr6O11 (MWGS2871)

• 10.18% TREO with 1.59% Nd2O3 + Pr6O11 (MWGS2887)

• Second area of REE mineralisation at the CH9 target with results up to 0.68% TREO identified at the western end of the 54km long Chalba target corridor, which is more than 22km from Mick Well.

• Gravity surveys targeting undercover carbonatites related to the identified systems completed at LK1 and Mick Well.

• Geochemical survey to commence shortly at LK1 as part of ongoing work to develop drill targets for these large-scale prospects.

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Kingfisher Exploration Manager Matt Roach with a large
sample of high grade monazite from MW9
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Kingfisher Mining Limited ( ASX:KFM ) (“ Kingfisher ” or the “ Company ”) is pleased to announce further discovery from its ongoing exploration within the Mick Well area of the highly prospective Gascoyne Province.

Kingfisher’s Executive Director and CEO James Farrell commented: “The discovery of new high grade REE mineralisation at MW9 highlights the significant additional potential of the large scale carbonatite target at Mick Well which extends over an area of 7km by 4km.

Our ongoing exploration is advancing towards new drill targets, with the recent completion of a gravity survey at Mick Well as well as another at our other very large LK1 target.

In addition to our REE exploration, our lithium pegmatites targeting is continuing, with a soil geochemistry program at Chalby Chalby.”

P +61 9481 0389 E info@kingfishermining.com.au W www.kingfishermining.com.au ABN: 96 629 675 216

Unit 2, 106 Robinson Avenue Belmont WA 6104 AUSTRALIA

ASX KFM

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MW9 REE Discovery

Ongoing exploration at Kingfisher’s Mick Well Project has produced a new discovery which has substantially increased the extent of the outcropping high grade REE mineralisation associated with the CH1 intrusion centre. The newly discovered mineralisation at MW9 occurs in two parallel monazite dominant lodes, which outcrop over a distance or more than half a kilometre (Figure 1). The high grade results from MW9 are shown below, with full results include in Annexure 1.

• 26.00% TREO with 3.62% Nd2O3 + Pr6O11 (MWGS2873)

• 20.28% TREO with 3.37% Nd2O3 + Pr6O11 (MWGS2882)

• 11.43% TREO with 1.88% Nd2O3 + Pr6O11 (MWGS2844)

• 10.34% TREO with 1.82% Nd2O3 + Pr6O11 (MWGS2871)

• 10.18% TREO with 1.59% Nd2O3 + Pr6O11 (MWGS2887)

• 8.94% TREO with 1.52% Nd2O3 + Pr6O11 (MWGS2847)

• 8.88% TREO with 1.35% Nd2O3 + Pr6O11 (MWGS2883)

• 8.82% TREO with 1.48% Nd2O3 + Pr6O11 (MWGS2884)

• 8.03% TREO with 1.23% Nd2O3 + Pr6O11 (MWGS2872)

• 6.22% TREO with 0.90% Nd2O3 + Pr6O11 (MWGS2874)

• 6.06% TREO with 0.98% Nd2O3 + Pr6O11 (MWGS2867)

• 5.86% TREO with 0.98% Nd2O3 + Pr6O11 (MWGS2881)

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MWGS2883: 8.88% TREO and 1.35% NdPr
MWGS2884: 8.82% TREO and 1.48% NdPr
MWGS2885: 3.96% TREO and 0.8% NdPr
MWGS2886: 2.33% TREO and 0.5% NdPr
MWGS2887: 10.18% TREO and 1.59% NdPr
Open
MWRC033: 3m at 2.52% TREO with 0.41% NdPr MW9
MWRC035: 4m at 3.24% TREO with 0.54% NdPr Open
MWRC041: 4m at 1.07% TREO with 0.17% NdPr
Open
Open
Open
Open Open MWGS2868: 3.27% TREO and 0.52% NdPr
MW7 MWGS2869: 2.71% TREO and 0.46% NdPr
MWGS2870: 3.14% TREO and 0.53% NdPr
Open MW8 MW2 MWGS2871: 10.34% TREO and 1.82% NdPr
Open MWRC048: 5m at 0.83% TREO with 0.14% NdPr MWGS2872: MWGS2873: 8.03% TREO and 1.23% NdPr26.00% TREO and 3.62% NdPr
MWRC049: 9m at 0.66% TREO with 0.11% NdPr
Open
Open MWRC004: 12m at 1.12% TREO with 0.21% NdPr
MWRC011: 5m at 3.45% TREO with 0.65% NdPr
Open MWRC011: 4m at 1.03% TREO with 0.17% NdPr
MWRC013: 8m at 1.05% TREO with 0.19% NdPr
MWRC059: 4m at 1.90% TREO with 0.34% NdPr
MWRC060: 2m at 1.51% TREO with 0.30% NdPr
MWRC067: 6m at 0.98% TREO with 0.17% NdPr
MWRC067: 5m at 2.63% TREO with 0.54% NdPr
MWRC068: 5m at 1.54% TREO with 0.30% NdPr
Legend
Geology Drilling
Carbonatite RC drill hole
Potassic fenite Rock Chips: TREO
Sodic fenite >5%
1-5%
Mick Well Mineralised dyke 0.5-1%
Mineralised dyke 0.2-0.5%
500 m (newly discovered)Mineralisation target 0.1-0.2%0.0-0.1%
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Figure 1 : Mick Well mineralisation and rock chip results from newly discovered MW9 mineralisation (blue boxes). Drill results are shown in grey boxes (see ASX:KFM 7 February 2023, 5 July 2022 and 24 March 2022). Results are stated as Total Rare Earth Oxides (TREO%) and total Nd2O3 + Pr6O11 (%) content.

P +61 9481 0389 E info@kingfishermining.com.au W www.kingfishermining.com.au ABN: 96 629 675 216

Unit 2, 106 Robinson Avenue Belmont WA 6104 AUSTRALIA

ASX KFM

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Regional REE Mineralisation Discovery

Vein and dyke mineralisation has also been discovered close to the CH9 intrusion centre located at the western end of the 54km long Chalba target corridor and is more than 22km along strike from MW2 (Figure 2). The newly discovered mineralised dykes includes surface sample results of up to 0.68% TREO (MWGS2713). These results are from an area with limited surface outcrop which makes it a compelling target and a surface geochemical program is currently being planned to advance the discovery.

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MWGS2713: 0.67% TREO and 0.14% NdPr
MWGS2714: 0.63% TREO and 0.13% NdPr CH5
CH9 MWGS2715: 0.29% TREO and 0.06% NdPr
MWGS2716: 0.66% TREO and 0.14% NdPr
CH7
CH3 MW2
CH2
CH1
Mick Well
CH12
CH11 CH13
Kingfisher
CH4 CH8
Legend
Geology
CH6
Carbonatite complex
CH10
Fault 5 km
Carbonatite targets
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Figure 2 : Total magnetic intensity for the 54km Chalba target corridor showing priority carbonatite targets and interpreted faults. The newly discovery mineralisation close to the CH9 target is also shown. Results are stated as Total Rare Earth Oxides (TREO%) and total Nd2O3 + Pr6O11 (%) content.

Gravity Survey

A ground-based gravity survey has recently been completed over the large-scale 7km by 4km CH1 (Mick Well) carbonatite intrusion centre. Gravity surveys are effective for delineating dense carbonatites and carbonatite-related mineralisation from the less dense host rocks and alteration. The CH1 survey is currently being processed and results will be announced when they become available.

The Carbonatite Exploration Model

The carbonatite intrusion model has a central carbonatite pipe which is comprised of multiple phases of carbonatite intrusion that is surrounded by ring dykes which form around and radial dykes which radiate out from the central intrusion (Figure 3). The carbonatite exploration model envisages alteration of the host country rock into which the carbonatites intrude, with development of sodic (Na) and potassic (K) fenites around the intrusions which often hosts the REE mineralisation (Figure 4).

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Figure 3: 3D schematic of a carbonatite intrusion[+]

P +61 9481 0389 E info@kingfishermining.com.au W www.kingfishermining.com.au ABN: 96 629 675 216

Unit 2, 106 Robinson Avenue Belmont WA 6104 AUSTRALIA

ASX KFM

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Each part of the carbonatite system has characteristics which can be detected by modern exploration techniques, for example:

• Thorium associated with the REE mineralisation is apparent in the radiometrics.

• Potassium fenites, the alteration which forms around carbonatites intrusions, is also apparent in the radiometrics.

• Ferrocarbonatites have high iron content and can appear as magnetic highs in the geophysics.

• Carbonatites typically have high density and can be distinguished from the country rocks by gravity surveys.

• ASTER (Advanced Spaceborne Thermal Emission and Reflection Radiometer) remote sensing can detect various minerals and elements, including carbonates, ferrous and ferric iron as well as alumina and magnesium and can assist with of carbonatites and associated alteration.

The combination of these geophysical responses to the carbonatite geology provide a very powerful combination of exploration tools for early stage targeting and project generation.

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MW9
MW7 MW2
MW8
Mick Well
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Figure 4: Mick Well geology and the 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.

P +61 9481 0389 E info@kingfishermining.com.au W www.kingfishermining.com.au ABN: 96 629 675 216

Unit 2, 106 Robinson Avenue Belmont WA 6104 AUSTRALIA

ASX KFM

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Gascoyne Exploration Program

Kingfisher is undertaking high impact and value building exploration programs targeting large-scale carbonatite targets along its 54km Chalba target corridor and its 30km long Lockier target corridor. The program will test high priority carbonatite targets across the Company’s belt-scale tenement holding, building upon the significant carbonatite discoveries, which confirmed the presence of high grade REE mineralisation along the Chalba target corridor. In addition, the Company is undertaking exploration for lithium associated with various pegmatite outcrops within its tenements at Chalby Chalby.

The exploration work planned for the 2023 field season will include:

• Significant on-ground mapping and sampling targeting interpreted "Mt Weld style" carbonatite plugs as well as dyke mineralisation and alteration which can be used to vector towards the large-scale source of intrusions. The results will be used for drill planning of the high priority targets.

• RC drilling to test carbonatite targets at Mick Well, Kingfisher and Arthur River.

• Ground-based gravity at LK1 and Mick Well. The gravity survey will be used to model higher density rocks (potential mineralised carbonatites) at depth.

• Surface geochemical survey over the large-scale high priority LK1 target at Arthur River, where mapping is restricted by deep weathering associated with the highly altered rocks and cover.

• Surface geochemistry at Chalby Chalby to define additional lithium-bearing pegmatite drill targets.

• Further airborne geophysics to incorporate Mooloo and North Chalba Projects to our early-stage target generation. Magnetics and radiometrics are highly effective for identifying carbonatite mineralisation.

The timeline for the planned and completed activities for 2023 for Kingfisher’s projects are shown below.

Q1 2023	Q2 2023	Q3 2023	Q4 2023
Mick Well – Kingfisher
Targetgeneration
Fieldwork,mappingand targetprogression
Ground-basedgravity
Arthur River
Targetgeneration
Fieldwork,mappingand targetprogression
Surfacegeochemistry (LK1)
RC Drilling
Ground-basedgravity
Mooloo
Airborne magnetics and radiometrics
Fieldwork,mappingand targetprogression
Chalba
Airborne magnetics and radiometrics
Surfacegeochemistry (ChalbyChalbyLithium)
Boolaloo
Fieldwork,mappingand targetprogression

P +61 9481 0389 E info@kingfishermining.com.au W www.kingfishermining.com.au ABN: 96 629 675 216

Unit 2, 106 Robinson Avenue Belmont WA 6104 AUSTRALIA

ASX KFM

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Upcoming News

• October 2023: Results and target definition from the recently completed gravity surveys at the largescale Mick Well and LK1 targets.

• October 2023: Results from the surface geochemistry program and additional exploration targeting lithium-bearing pegmatites at the Chalby Chalby Prospect.

About the Kingfisher’s Gascoyne Projects

The Mick Well and Kingfisher Projects are located approximately 230km east of Carnarvon, in the Gascoyne region of Western Australia where the Company holds exploration licences covering 969km[2] . The geological setting of the tenure is similar to Hastings Technology Metals’ world-class Yangibana Deposit which includes 29.93Mt at 0.93% TREO[# ] as well as the recent Yin discovery of Dreadnought Resources which includes mineral resources of 20.06Mt at 1.03% TREO[^] . The tenure is also prospective for lithium-bearing Thirty Three Suite Pegmatites which hosts Delta Lithium’s Yinnetharra Project and has returned drill results of 33m at 1.9% Li2O[*] from Delta’s Malinda Prospect and rock chips results of 4.2% Li2O[+] from Delta’s Jamesons Prospect.

Kingfisher recently made discoveries of hard rock and clay rare earth elements mineralisation at Mick Well. Both styles of mineralisation are associated with carbonatites that intruded along a crustal-scale structural corridor, the Chalba Shear, which extends over a strike length of 54km within the Company’s tenure. The Company has also identified a second structural corridor along the Lockier Shear which extends for 18km across the Company’s Mooloo Project and 12km across the Arthur River Project.

Drilling at the MW2 Prospect has intersected five parallel ferrocarbonatite lodes and associated monazite mineralisation within a 300m wide zone and has returned high-grade REE results with 5m at 2.63% TREO with 0.54% Nd2O3 + Pr6O11, 4m at 3.24% TREO with 0.54% Nd2O3 + Pr6O11, 5m at 1.54% TREO with 0.30% Nd2O3 + Pr6O11, 4m at 1.90% TREO with 0.34% Nd2O3 + Pr6O11 and 3m at 2.52% TREO with 0.41% Nd2O3 + Pr6O11. The results from the ferrocarbonatite mineralisation is 500m northwest of Kingfisher’s breakthrough REE discovery where maiden drilling returned 5m at 3.45% TREO with 0.65% Nd2O3 + Pr6O11 as well as 12m at 1.12% TREO with 0.21% Nd2O3 + Pr6O11 from a separate mineralised lode.

Mapping and sampling for lithium at the Company’s Chalby Chalby project has delineated an area of 3.3km by 3km that includes multiple stacked pegmatites with a cumulative strike length of over 11km and with surface sample results up to 0.61% Li2O.

P +61 9481 0389 E info@kingfishermining.com.au W www.kingfishermining.com.au ABN: 96 629 675 216

Unit 2, 106 Robinson Avenue Belmont WA 6104 AUSTRALIA

ASX KFM

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Figure 5: Location of the Mick Well Project in the Gascoyne Mineral Field showing the extents of the Durlacher Suite and Halfway Gneiss. The location of the Yangibana Deposit and Yin and Lyons Projects 100km north of Kingfisher’s projects are also shown.

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

P +61 9481 0389 E info@kingfishermining.com.au W www.kingfishermining.com.au ABN: 96 629 675 216

Unit 2, 106 Robinson Avenue Belmont WA 6104 AUSTRALIA

ASX KFM

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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 made a number of breakthrough high grade rare earth elements discoveries in the Gascoyne region where it holds a target strike lengths of more than 54km along the Chalba mineralised corridor and more than 30km along the Lockier mineralised corridor. The Company has also 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.

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

Previous ASX Announcements

ASX:KFM: Carbonatite Intrusions Confirmed at Large-Scale Chalba Targets 10 July 2023.

ASX:KFM: Significant Exploration Program Targets Large-Scale Carbonatites 4 April 2023.

ASX:KFM: High Grade Drilling Results Confirm New MW2 REE Discovery 7 February 2023.

ASX:KFM: MW2 and MW7 Continue to Expand on Latest Surface Sample Results 23 January 2023.

ASX:KFM: Assays from MW7 Confirm Another High Grade REE Discovery 29 November 2022.

ASX:KFM: New REE Discoveries along Kingfisher’s 54km Target Corridor - MW7 and MW8 24 October 2022.

ASX:KFM: Further Exceptional REE Results Extends MW2 Strike Length to 3km 4 October 2022.

ASX:KFM: 40% REE Returned from Mick Well 30 August 2022.

ASX:KFM: Latest Drilling Returns High Grade REEs with 5m at 3.45% TREO, including 3m at 5.21% TREO 5 July 2022.

ASX:KFM: Surface Assays up to 21% TREO Define a Further 800m of Outcropping Mineralisation 20 June 2022.

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.

P +61 9481 0389 E info@kingfishermining.com.au W www.kingfishermining.com.au ABN: 96 629 675 216

Unit 2, 106 Robinson Avenue Belmont WA 6104 AUSTRALIA

ASX KFM

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• ^ ASX Announcement ‘40% Increase in Resource Tonnage at Yin – Mangaroon (100%)’. Dreadnought Resources Limited (ASX:DRE), 5 July 2023.

• ASX Announcement ‘Drilling along 8km long Bald Hill - Fraser's trend Increases Indicated Mineral Resources by 50%’. Hastings Technology Metals Limited (ASX:HAS), 11 October 2022.

• ASX Announcement ‘Stunning new drilling results from Yinnetharra’. Delta Lithium Limited (ASX:DLI), 23 June 2023.

• • ASX Announcement ‘Yinnetharra Lithium Project Continues to Deliver’. Red Dirt Metals Limited (ASX:RDT), 14 April 2023.

Technical Exploration Papers

• • Simandl, G.J. and Paradis, S. 2018. Carbonatites: related ore deposits, resources, footprint, and exploration methods, Applied Earth Science, 127:4, 123-152

• 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.

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).

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	CeO2	Dy2O3	Er2O3	Eu2O3	Gd2O3	Ho2O3	La2O3	Lu2O3	Nd2O3	Pr6O11	Sm2O3	Tb2O3	Tm2O3	Y2O3	Yb2O3	TREO
MWGS2713	378747	7257790	3092	42.9	11.0	27.0	110.0	5.6	1682	0.57	1100	307	180	10.93	1.03	172	4.90	6747
MWGS2714	378746	7257786	2848	43.2	11.8	25.5	107.8	5.8	1534	0.80	1028	290	172	10.47	1.14	175	6.15	6258
MWGS2715	378748	7257784	1370	18.9	5.7	10.7	45.5	2.7	689	0.45	482	138	76	4.49	0.57	82	3.30	2929
MWGS2716	378744	7257784	2963	45.7	12.3	26.6	114.5	6.1	1653	0.80	1095	302	182	11.05	1.26	187	6.38	6607
MWGS2844	400311	7250564	54570	291.1	78.8	310.9	729.4	39.1	36852	4.32	13967	4792	1455	70.21	7.99	1059	37.80	114265
MWGS2845	400511	7250571	15151	39.6	7.8	87.1	157.8	4.5	10358	0.68	4002	1372	387	11.63	0.80	113	4.78	31698
MWGS2846	400947	7250644	582	13.4	4.3	9.3	24.1	1.9	347	0.34	221	63	39	2.76	0.46	56	2.39	1368
MWGS2847	401846	7250722	42839	155.4	33.0	251.3	543.8	18.4	28579	2.05	11371	3854	1220	44.54	3.20	476	15.49	89407
MWGS2867	404225	7250491	28028	258.2	82.3	192.7	465.0	39.4	19791	4.43	7198	2619	800	56.05	8.57	1033	38.49	60614
MWGS2868	404251	7250494	15469	97.0	34.5	87.8	213.1	14.4	10688	2.84	3852	1371	389	21.98	3.77	419	22.09	32686
MWGS2869	404231	7250495	12377	199.8	70.1	110.4	319.7	30.8	8036	4.32	3446	1132	434	39.36	7.42	885	37.92	27129
MWGS2870	404264	7250507	14769	112.7	41.2	93.2	242.3	17.0	9874	3.75	3930	1335	436	25.09	4.80	493	27.67	31405
MWGS2871	404250	7250522	49108	275.9	72.0	315.0	690.1	37.0	32268	3.87	13603	4552	1412	69.41	7.20	964	32.34	103410
MWGS2872	404246	7250493	37927	236.5	68.6	210.6	529.3	33.0	27028	4.09	9049	3264	912	53.29	6.97	918	33.93	80275
MWGS2873	404316	7250546	125074	199.5	46.4	423.9	726.5	25.1	94596	2.16	26033	10188	1905	54.56	4.57	718	21.98	260019
MWGS2874	404347	7250576	29437	178.7	57.1	153.0	370.7	26.1	21526	3.30	6516	2447	621	39.59	5.94	743	29.95	62154
MWGS2875	404376	7250620	866	8.1	3.2	6.1	12.7	1.3	620	0.34	211	76	22	1.73	0.34	35	2.05	1866
MWGS2876	404450	7250625	1581	19.3	5.7	15.1	37.1	2.9	1091	0.34	481	156	61	4.60	0.57	74	2.85	3533
MWGS2877	404457	7250619	7533	55.7	16.8	49.0	114.7	7.9	4885	1.02	2042	699	210	11.86	1.83	204	8.88	15840
MWGS2878	404447	7250665	1758	116.9	39.5	62.6	185.5	18.4	638	1.82	977	239	214	24.40	4.00	507	18.22	4804
MWGS2879	404417	7250603	7986	37.3	12.6	46.0	104.2	5.6	5428	1.02	2056	714	213	9.44	1.37	160	8.54	16782
MWGS2880	404210	7250458	15916	88.4	25.3	86.0	219.5	12.4	10973	1.36	3997	1410	402	20.72	2.51	331	11.96	33497
MWGS2881	404205	7250441	28136	120.7	30.5	166.9	344.2	15.9	18739	1.71	7264	2576	752	32.92	3.08	417	13.78	58614
MWGS2882	404172	7250447	96874	143.5	14.6	458.9	849.5	12.3	68096	0.57	25199	8520	2292	57.20	1.14	269	4.33	202792
MWGS2883	404144	7250498	42596	148.9	43.5	179.5	395.5	21.0	30338	2.73	9922	3609	849	36.37	4.34	597	22.32	88765
MWGS2884	404191	7250528	42539	137.5	31.9	226.1	500.0	17.4	28326	2.05	11012	3792	1086	38.56	3.08	460	15.14	88187
MWGS2885	404196	7250529	18442	166.6	44.6	193.3	477.0	21.9	10822	2.50	6098	1858	819	43.74	4.45	586	22.09	39601
MWGS2886	404292	7250574	10851	114.8	32.2	126.0	284.8	15.3	5867	2.39	3838	1150	518	29.12	3.54	419	17.76	23269
MWGS2887	404287	7250601	48365	183.5	43.5	252.0	574.5	22.7	34504	2.39	11722	4222	1179	49.49	4.00	621	19.36	101764
MWGS2888	404171	7250415	14942	69.1	17.5	68.9	163.3	9.2	9853	0.91	3648	1315	330	16.00	1.71	224	7.06	30665
All sample information is parts per million (ppm). 100,000 ppm is equal t						o 10%.

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Attachment 1: JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Sampling	•	Nature and quality of sampling (eg cut channels, random chips, or specific	•	Rock chip samples were taken as individual rocks representing an outcrop
techniques		specialised industry standard measurement tools appropriate to the minerals		to give an indication of possible grades and widths that can be expected
		under investigation, such as down hole gamma sondes, or handheld XRF		from drilling. Individual rock samples can be biased towards higher grade
		instruments, etc). These examples should not be taken as limiting the broad		mineralisation.
		meaning of sampling.	•	Rock chip samples were typically between 1 and 2 kg. The entire sample
	•	Include reference to measures taken to ensure sample representivity and the		received by the laboratory was crushed and pulverised to 85% passing 75
		appropriate calibration of any measurement tools or systems used.		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 the
		Report.		Company for some of 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.
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 pulverised
techniques	•	If non-core, whether riffled, tube sampled, rotary split, etc and whether		to 85% passing 75 micron.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
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 sample analysis
assay data		procedures used and whether the technique is considered partial or total.		uses a sodium peroxide fusion with an Inductively Coupled Plasma Mass
and laboratory	•	For geophysical tools, spectrometers, handheld XRF instruments, etc, the		Spectrometry and Inductively Coupled Plasma (ICP) Mass Spectrometry
tests		parameters used in determining the analysis including instrument make and		(MS) and Optical Emission Spectrometry (OES) finish.
		model, reading times, calibrations factors applied and their derivation, etc.
	•	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 alternative	•	Independent checks or field duplicates were not conducted for rock chips
sampling and		company personnel.		and are not considered necessary for that type of sample.
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-	•	Rock chip sample locations were surveyed using a handheld GPS using
data points		hole surveys), trenches, mine workings and other locations used in Mineral		the UTM coordinate system, with an accuracy of +/-5m.
		Resource estimation.
	•	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.
Orientation of	•	Whether the orientation of sampling achieves unbiased sampling of possible	•	Rock chip samples are collected to represent the outcrop. Where different
data in		structures and the extent to which this is known, considering the deposit type.		material types are present within the pegmatites, separate samples were
relation to	•	If the relationship between the drilling orientation and the orientation of key

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
geological		mineralised structures is considered to have introduced a sampling bias, this		collected to ensure each material is represented.
structure		should be assessed and reported if material.
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 the laboratory in Perth sealed bulka bags.
Audits or	•	The results of any audits or reviews of sampling techniques and data.	•	The sampling techniques and analytical data are monitored by the
reviews				Company’s geologists.
			•	External audits of the data have not been completed.

Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Mineral tenement	•	Type, reference name/number, location and ownership including	•	The project area is located 80km northeast of the Gascoyne Junction and
and land tenure		agreements or material issues with third parties such as joint ventures,		230km east of Carnarvon.
status		partnerships, overriding royalties, native title interests, historical sites,	•	The project includes 12 granted Exploration Licences, E09/2242, E09/2349,
		wilderness or national park and environmental settings.		E09/2319, E09/2320, E09/2481, E09/2494, E09/2495, E09/2653, E09/2654,
	•	The security of the tenure held at the time of reporting along with any		E09/2655, E09/2660 and E09/2661.
		known impediments to obtaining a licence to operate in the area.	•	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.
			•	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:

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		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 aggregation
methods		and/or minimum grade truncations (eg cutting of high grades) and cut-off		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 Exploration	•	No new drilling results are included in this report.
between		Results.	•	True width is obscured by thin cover and appears to be similar to intervals
mineralisation	•	If the geometry of the mineralisation with respect to the drill hole angle is		intersected in drilling, 3 to 5m.
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 relevant data has been included in the report.
		should be included for any significant discovery being reported These
		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 practicable,	•	All rock chip samples from the pegmatites have been reported. The
reporting		representative reporting of both low and high grades and/or widths should		reported sample batches also included some samples collected as part
		be practiced to avoid misleading reporting of Exploration Results.		of ongoing evaluation of the geology of the area.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Other	•	Other exploration data, if meaningful and material, should be reported	•	All of the relevant historical exploration data has been included in this
substantive		including (but not limited to): geological observations; geophysical survey		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 Company.
		or depth extensions or large-scale step-out drilling).	•	Exploration to include target-scale acquisition of geochemistry and
	•	Diagrams clearly highlighting the areas of possible extensions, including the		geophysics data to define the extents of carbonatites, mapping and rock
		main geological interpretations and future drilling areas, provided this		chip sampling as well as additional RC drilling.
		information is not commercially sensitive.

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