KINGFISHER MINING LTD — Capital/Financing Update 2024

Oct 1, 2024

ASX KFM

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02 October 2024

ASX Announcement

Co-funded drilling reveals REE mineralisation and extensive carbonatite related alteration zones.

Highlights

• Kingfisher has completed the Mick Well co-funded Government Exploration Incentive Scheme (EIS) drilling program.

• MWDD001 identified a new lode of REE mineralisation not previously identified at surface or in drilling.

• MWDD002 intersected more than 200m of broad intense potassic and epidote alteration zones known to occur proximal to carbonatite intrusion complexes.

• Drilling intersected a complex geological suite of disseminated copper sulphides, quartz veining and multiple pegmatites which will be assayed for base metals, gold and lithium.

• Drill holes will also undergo Hy-Logger hyperspectral scanning as part of the EIS program providing further important details to assist with the vectoring to the broader mineralisation.

Kingfisher Mining Limited ( ASX:KFM ) (“ Kingfisher ” or the “ Company ”) is pleased to announce the completion of the successful co-funded diamond drilling program at Mick Well. Monazite REE mineralisation as well as broad zones of alteration suggest a larger system at depth than previously identified, in addition to disseminated copper sulphides, quartz veining and multiple pegmatites which will be assayed for base metals, gold and lithium

Kingfisher’s non-executive chairman Warren Hallam commented:

“We are very pleased with the results of the recently completed co-funded drill program. MWDD001 intersected a new undiscovered REE lode approximately 250m from our previous drilling and represents the presence of blind targets. MWDD002 intersected greater than 200m of broad zones of epidote and potassic alteration which can be used a vector towards the carbonatite mineralisation. The abundance of pegmatites along with chalcopyrite and pyrite disseminated sulphides are encouraging and will be analysed for base metals, gold and lithium. Sulphides are known to be often associated with REE mineralisation. Kingfisher would also like to acknowledge the support that DEMIRS has provided through the EIS program.”

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Figure 1 : Co-funded diamond drill hole locations and Mick Well surface mineralisation. 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.

Unit 2, 106 Robinson Avenue Belmont WA 6104 AUSTRALIA

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

ASX KFM

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Government Co-funded drilling

The $200,000 EIS co-funded diamond drilling program tested the geophysical pipe like REE targets at Mike Well. The modelled targets are directly linked to the vein and dyke REE mineralisation that surrounds and extends outward from the interpreted intrusion centres. The carbonatite pipe targets were identified through three-dimensional modelling of the Company’s gravity and magnetic data. The modelled inversion shells highlight areas with denser and more magnetic rocks based on geophysical analysis (see ASX:KFM 29 April 2024) . The co-funded drilling tested the central and eastern pipes, with additional drilling planned in other locations (Figure 1). The targets are considered to be the possible source of the vein and dyke REE mineralisation observed in drilling and on surface; 20km of REE mineralised dykes have been mapped to date (see ASX:KFM 20 December 2023) . Mafic gneiss and granite country rocks have been identified as the likely source of the geophysical response.

Diamond drill hole MWDD001 intersected a 0.8m structurally controlled monazite vein (74.1-74.9m), the mineralisation occurs as a newly discovered lode that does not outcrop at surface and occurs as parallel lode approximately 250m from previously drilled mineralisation (Figure 2 & 4). MWDD002 intersected 234m of potassic and epidote alteration (Figure 3). Potassic alteration indicates the presence of carbonatite and can be used as vector to larger REE mineralisation systems. Kingfisher’s initial discovery MWRC004: 12m @ 1.12% the REE mineralisation occurred as allanite within an epidote halo (see ASX: KFM 10 January 2022). Drill hole locations, summary log and sulphide mineralisation information located in annexure 1 - 3.

Pegmatites and sulphide mineralisation occurred in both holes and will undergo assay for base metals, gold and lithium (Figure 5). Kingfisher is exploring the Palabora carbonatite model and analogies to the Mick Well carbonatite complex. A copper cap was observed in Kingfisher’s MWRC004 discovery hole with assays returning 32m at 0.16% Cu from surface (see ASX: KFM 10 January 2022). The Phalaborwa Complex forms one of the world’s largest copper mines plus a large suite of mined by-products including REE (Vielreicher et al 2000).

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Figure 2 : MWDD01 cross section facing Northeast, illustrating the newly discovered monazite vein/dyke mineralisation. The cross-section also illustrates the multiple stacked pegmatites that will be investigated for the presence of lithium as well as base metal bearing sulphides. The location of the cross section is shown in Figure 1. Previous drilling (see ASX:KFM 7 February 2023, 5 July 2022 and 24 March 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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Figure 3 : MWDD02 cross section facing Northeast illustrating the comprehensive potassic alteration that can be used to vector to REE mineralisation. Intense epidote alteration is consistent with previous REE mineralisation identified at Mick Well (see ASX:KFM 24 March 2022). Sulphides will also be investigated and assayed for gold mineralisation. The location of the cross section is shown in Figure 1.

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Figure 4 : MWDD01 structurally controlled monazite veining from 74.1 – 74.9m within intense potassic alteration halo. The mineralisation represents a new REE mineralisation lode not observed at surface.

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 : MWDD01 sulphide mineralisation: Pyrite, pyrrhotite & chalcopyrite vein breccia 128.2-128.4m (left). Pyrite, pyrrhotite & chalcopyrite blebby sulphides 246.9-247.1 (right). NQ2 drill core, full sulphide details see annexure 3.

Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations.

About the Kingfisher’s Gascoyne Projects

Kingfisher’s Mick Well REE Project and Chalby Chalby Lithium Project are located in the Gascoyne region of Western Australia where the Company holds exploration licences covering 938km[2] . The tenure is prospective for carbonatite REE mineralisation similar to Hastings Technology Metals’ world-class Yangibana Deposit which includes 29.93Mt at 0.93% TREO[# ] as well as the recent Yin and C3 discoveries of Dreadnought Resources which include mineral resources of 40.82Mt at 1.03% TREO[^ ] (Figure 6). The Company’s Gascoyne tenure is also prospective for lithium-bearing Thirty Three Suite Pegmatites which hosts Delta Lithium’s Yinnetharra Project and has a Mineral Resource of 25.7 Mt at 1.0% Li2O[*] from Delta’s Malinda Prospect and rock chips results of 4.2% Li2O[+] from Delta’s Jamesons Prospect. The Kingfisher prospect has historically been explored for base metals with base metals mineralisation outcropping at surface.

Kingfisher has 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 six 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.

Kingfisher is also advancing its Chalby Chalby Lithium Project with mapping and sampling at Chalby Chalby delineating an area of 3.3km by 3km that includes multiple stacked pegmatites with a cumulative strike length of over 13km 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 6: Location of the Mick Well and LK1 REE Projects and the Chalby Chalby Lithium Project in the Gascoyne Mineral Field. The location of the Yangibana REE Deposit, Yin REE and C3 Deposits which are located 100km north of Kingfisher’s projects as well as the Malinda Lithium Deposit which is located 45km north of Kingfisher’s projects are also shown.

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

Ends

For further information, please contact:

Kingfisher Mining Limited

Warren Hallam Non Executive Chairman Ph: +61 (08) 9481 0389 E: info@kingfishermining.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 cover 938km[2] in the underexplored Gascoyne Mineral Field.

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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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.

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

Previous ASX Announcements

ASX:KFM: Drilling Underway at Mick Well Carbonatite Pipe Targets 15 August 2024

ASX:KFM: Preparation for Drilling MW Carbonatites & Base Metal Review 3 July 2024

ASX:KFM: Government Co-funded Drilling Awarded for Mick Well Carbonatites 29 April 2023

ASX:KFM: Mick Well Exceeds 20km of REE Mineralisation 20 December 2023.

ASX:KFM: High Grade Discoveries Further Expand REE Carbonatites at Mick Well 23 November 2023.

ASX:KFM: Significant Additional Carbonatites and REE Mineralisation Identified at Mick Well 14 November 2023.

ASX:KFM: Broad Lithium Anomalies Identified from Chalby Chalby Soil Geochemistry Survey 26 October 2023.

ASX:KFM: Gravity Survey Confirms Carbonatite Pipe Targets at Mick Well 23 October 2023.

ASX:KFM: Further High Grade REE Mineralisation Discovered at Mick Well 3 October 2023.

ASX:KFM: Multiple Stacked Lithium-Bearing Pegmatites Mapped at Chalby Chalby 11 September 2023.

ASX:KFM: Lithium-Bearing Pegmatites Confirmed at Highly Prospective Gascoyne Tenure 7 August 2023.

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.

• ^ ASX Announcement ‘Large, High Confidence Yin Ironstone Resource – Mangaroon (100%)’. Dreadnought Resources Limited (ASX:DRE), 30 November 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.

• Yinnetharra Lithium Project Maiden Mineral Resource Estimate’. Delta Lithium Limited (ASX:DLI), 27 December 2023.

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

Vielreicher, Noreen M., David I. Groves, and Richard M. Vielreicher. "The Phalaborwa (Palabora) deposit and its potential connection to iron-oxide copper-gold deposits of Olympic Dam type." Hydrothermal Iron-Oxide Copper-Gold and Related Deposits. A Global Perspective”, ed. TM Porter, PGC Publishing, Adelaide, Australia 1 (2000): 321-329.

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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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 Matthew Roach, a geologist and Exploration Manager employed by Kingfisher Mining Limited. Mr Roach 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 Roach consents to the inclusion in the report of the matters in the form and context in which it appears

Annexure 1: Drill Hole Information (MGA94_z50)

Drillhole ID	Easting	Northing	RL	Dip	Azimuth	End of Hole (m)
MWDD001	402108	7249980	269	-60	135	591.4
MWDD002	404444	7249080	287	-60	315	526

Annexure 2: Summary Log

Hole ID	Depth From	Depth To	Summary Geology
MWDD001	0	0.6	Soil
MWDD001	0.6	0.7	Quartzgravel
MWDD001	0.7	2.9	Saprolite(smectitic residual clay).
MWDD001	2.9	30.3	Green v.hard massive coarse/medgrained;meta-dolerite/gabbro
MWDD001	30.3	30.6	Pegmatite
MWDD001	30.6	32.2	Schistose dolerite
MWDD001	32.2	33.9	Mixed massive to foliated med-finegrained dolerite with coarsegrainedpegmatite.
MWDD001	33.9	64.3	White topink massive med/finegrained calcic Calc-Silicate.
MWDD001	64.3	71.65	biotite feldspar & feldspar biotite schist
MWDD001	71.65	74.1	Potassic altered schist

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 KFM
MWDD001	74.1	74.9	Struct controlled monazite vein
MWDD001	74.9	76.8	Potassic altered schist
MWDD001	76.8	79.3	Greymassive to foliated finegr.granodiorite.
MWDD001	79.3	91	Greyfoliated biotite dolerite & White Quartz-feldsparpegmatite
MWDD001	91	97.8	Quartz-feldsparpegmatite
MWDD001	97.8	141.2	Greyfoliated biotite dolerite & White Quartz-feldsparpegmatite
MWDD001	141.2	142.8	Felsic intrusive
MWDD001	142.8	153.6	Maficgneiss
MWDD001	153.6	164.2	Greyfoliated biotite dolerite/Maficgneiss & White Quartz-feldsparpegmatite
MWDD001	164.2	228.5	Maficgneiss
MWDD001	228.5	230.1	Fenite
MWDD001	230.1	235.1	Calc silicate
MWDD001	235.1	243	Maficgneiss & shearedpegmatite.
MWDD001	243	245.9	Greyfoliated med. Grainedgranodiorite.
MWDD001	245.9	271.1	Maficgneiss & shearedpegmatite.
MWDD001	271.1	278	Dolerite? with Epidote-Clinozoisite alteration.
MWDD001	278	393.3	Maficgneiss & shearedpegmatite.
MWDD001	393.3	396.6	Calcic fenite mixed with Calc-Silicate.
MWDD001	396.6	413.9	Maficgneiss & shearedpegmatite.
MWDD001	413.9	424.5	Calc silicate
MWDD001	424.5	433.8	Greyfoliated Maficgneiss &pegmatite
MWDD001	433.8	442.3	Str. Foliated Granitoid(monzonite).
MWDD001	442.3	448.9	Grey/Red silicious recrystallised siltstone.
MWDD001	448.9	455.2	Calc silicate
MWDD001	455.2	515.2	Greyfoliated Maficgneiss &pegmatite
MWDD001	515.2	517.2	Felsic intrusive. Str. Foliation with intrusive upper contact and faulted lower contact.
MWDD001	517.2	591.4	Greyfoliated Maficgneiss &pegmatite to EoH.
MWDD002	0	0.9	Lower saprolite
MWDD002	0.9	27.4	Wh/Blk,med.gr.,laminated/banded biotite & feldspargneiss.
MWDD002	27.4	33.1	Dk Gn,massive to foliated,meta-dolerite.
MWDD002	33.1	43.2	Banded,sheared and foliated,mixed biotite-dolerite and Quartz-feldsparpegmatite.
MWDD002	43.2	47.9	Dark Green,massive to foliated,meta-dolerite.
MWDD002	47.9	52.7	Mixed to banded,biotite-dominated,maficgneiss and Quartz-feldsparpegmatite.
MWDD002	52.7	62.6	Dark Green,massive to foliated,meta-dolerite.
MWDD002	62.6	116.2	wh/pink,str.foliated metagranite(monzonite?). Quartz-feldspar-mica S-tectonite.
MWDD002	116.2	157.6	Mixed to banded,bt-dominated, partiallymylonitic,maficgneiss and Quartz-feldsprpegmatite.
MWDD002	157.6	160.2	Epidote-Clinozoisite alteration zone
MWDD002	160.2	163.9	Intensepotassic alteration.
MWDD002	163.9	165.1	Epidote-Clinozoisite alteration zone
MWDD002	165.1	177.4	Banded,sheared and foliated,mixed biotite-dolerite and Quartz-feldsparpegmatite.
MWDD002	177.4	178.4	Fenite

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 KFM
MWDD002	178.4	182.6	Epidote-Clinozoisite altered Fenite.
MWDD002	182.6	201.1	Mixed to banded,biotite-dominated, partiallymylonitic,maficgneiss.
MWDD002	201.1	222.1	Epidote-Clinozoisite altered mafic to intermediategneiss.
MWDD002	222.1	226.3	Potassic alteredgranitic textured intermediategneiss?
MWDD002	226.3	268.1	Mixed to banded,biotite-dominated,maficgneiss and Quartz-feldsparpegmatite.
MWDD002	268.1	278.2	Red,massive to foliated,cse.gr., granitoid(monzonite?)withpotassic alteration
MWDD002	278.2	281.5	biotite-dominated,maficgneiss with infrequent Quartz-feldsparpegmatite.
MWDD002	281.5	286.6	granitoid. redpink, potassic altered. str foliation
MWDD002	286.6	288	Epidote-Clinozoisite altered maficgneiss.
MWDD002	288	293.2	Mixed to banded,biotite-dominated,maficgneiss and Quartz-feldsparpegmatite.
MWDD002	293.2	297.7	Epidote-Clinozoisite altered mafic to intermediategneiss.
MWDD002	297.7	312.4	finegrained,maficgneiss
MWDD002	312.4	319.6	White,massive to deformed,Quartz-feldsparpegmatite with clots of mafic mineral(tm?).
MWDD002	319.6	336	Mixed to banded,biotite-dominated,maficgneiss and Quartz-feldsparpegmatite.
MWDD002	336	345.1	Maficgneiss withpatchyEpidote-Clinozoisite alteration.
MWDD002	345.1	354.9	White Pink,fractured and veined,med to coarsegrained., granitoid(monzonite).
MWDD002	354.9	367.2	Mixed to banded,biotite-dominated,maficgneiss.
MWDD002	367.2	395.1	Pink,massive and fractured to veined,coarsegrainedpotassic alteredgranitoid.
MWDD002	395.1	422.1	White,massive and stronglyfractured & veinedgranitoid(tonalite?).
MWDD002	422.1	489.1	Pink,massive and fractured to veined,coarsegr.potassic alteredgranitoid.
MWDD002	489.1	494.6	Intermediategneiss. Quartz feldspar rich,with both feldspar & Quartz rich zones
MWDD002	494.6	497.6	Greywhite,shearedgranitoid with silica-biotite overprint(complex meta-intrusive).
MWDD002	497.6	516.9	Pink/Red,massive to foliated,Potassic alteredgranitoid(monzonite?).
MWDD002	516.9	523.1	Mixed to banded,biotite-dominated,maficgneiss and Quartz-feldsparpegmatite.
MWDD002	523.1	526	Pink/Red,massive to foliated,Potassic alteredgranitoid(monzonite?).

Annexure 3: Sulphide & REE Interval Logs

Hole ID	From	To	Interval(m)	Sulphide Type	Sulphide Mode	Sulphide % Visual Estimate
MWDD001	31.2	31.7	0.5	Pyrite	Vein hosted	0.5%
MWDD001	74.1	74.9	0.8	Monazite	Vein hosted	40.0%
MWDD001	83	83.4	0.4	Pyrite,Pyrrhotite	Vein hosted & disseminated	1.0%
MWDD001	84	84.4	0.4	Pyrite,Pyrrhotite,Chalcopyrite	Vein hosted & disseminated	3.0%
MWDD001	90.9	91	0.1	Pyrite,Pyrrhotite	Vein hosted	3.0%
MWDD001	92.5	92.6	0.1	Pyrite,Pyrrhotite	Vein hosted	2.0%
MWDD001	93	93.3	0.3	Pyrite,Pyrrhotite	Vein hosted	3.0%
MWDD001	97.8	97.9	0.1	Pyrite,Pyrrhotite	Vein hosted	2.0%
MWDD001	107.8	108.7	0.9	Pyrrhotite	Disseminated	3.0%
MWDD001	112.1	112.4	0.3	Pyrrhotite	Vein hosted	1.0%

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

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ASX KFM

					ASX	KFM
MWDD001	119.2	119.3	0.1	Pyrrhotite	Vein hosted	2.0%
MWDD001	128.2	128.4	0.2	Pyrite,Pyrrhotite,Chalcopyrite	Vein hosted	10.0%
MWDD001	146.7	147	0.3	Pyrite,Pyrrhotite	Disseminated	1.0%
MWDD001	156	156.4	0.4	Pyrite,Pyrrhotite	Vein hosted	1.0%
MWDD001	173.4	173.9	0.5	Pyrite,Pyrrhotite	Disseminated	2.0%
MWDD001	175.1	175.6	0.5	Pyrite,Pyrrhotite	Disseminated	1.0%
MWDD001	176.3	176.6	0.3	Pyrite,Pyrrhotite	Disseminated	2.0%
MWDD001	177.1	177.8	0.7	Pyrite,Pyrrhotite	Disseminated	1.0%
MWDD001	179.2	183.1	3.9	Pyrite,Pyrrhotite	Disseminated	0.5%
MWDD001	208.7	208.8	0.1	Pyrite,Pyrrhotite	Blebby	10.0%
MWDD001	209	210	1	Pyrite,Pyrrhotite	Disseminated	0.5%
MWDD001	218.2	218.4	0.2	Pyrite	Vein hosted	1.0%
MWDD001	246.8	246.9	0.1	Pyrite,Pyrrhotite	Vein hosted	4.0%
MWDD001	246.9	247.1	0.2	Pyrite,Pyrrhotite,Chalcopyrite	Blebby	15.0%
MWDD001	247.1	248.4	1.3	Pyrite,Pyrrhotite	Vein-hosted	2.0%
MWDD001	252.9	254	1.1	Pyrite	Disseminated	1.0%
MWDD001	319.9	320.3	0.4	Pyrite,Pyrrhotite,Chalcopyrite	Vein-hosted	5.0%
MWDD001	321.5	321.7	0.2	Pyrite	Disseminated	2.0%
MWDD001	329	329.1	0.1	Pyrite,Pyrrhotite	Vein-hosted	2.0%
MWDD001	332.1	332.2	0.1	Pyrite	Disseminated	1.0%
MWDD001	433	433.8	0.8	Pyrite	Disseminated	1.0%
MWDD001	447	447.7	0.7	Pyrite	Disseminated	1.0%
MWDD001	496.3	496.6	0.3	Pyrite	Disseminated	1.0%
MWDD001	535.3	535.5	0.2	Pyrite	Disseminated	1.0%
MWDD001	579.8	580	0.2	Pyrite	Disseminated	1.0%
MWDD001	587.8	588	0.2	Pyrite	Vein hosted	1.0%
MWDD002	33.6	35.7	2.1	Pyrite	Disseminated	0.5%
MWDD002	38.8	38.9	0.1	Pyrite,Pyrrhotite	Vein hosted	1.0%
MWDD002	41.4	41.6	0.2	Pyrite,Pyrrhotite	Vein hosted	3.0%
MWDD002	47.7	50.4	2.7	Pyrite,Pyrrhotite	Vein hosted,Disseminated	0.5%
MWDD002	58.1	58.2	0.1	Pyrite	Disseminated	0.5%
MWDD002	61.7	62.3	0.6	Pyrite	Vein hosted	0.5%

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

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ASX KFM

					ASX	KFM
MWDD002	65.3	65.5	0.2	Pyrite	Disseminated	2.0%
MWDD002	99.1	99.4	0.3	Pyrite,Pyrrhotite,Chalcopyrite	Disseminated	1.0%
MWDD002	105.2	105.3	0.1	Pyrite	Fracture fill	0.5%
MWDD002	112.4	112.8	0.4	Pyrite,Pyrrhotite	Disseminated	1.0%
MWDD002	136.7	136.8	0.1	Pyrite	Disseminated	1.0%
MWDD002	165.1	167.4	2.3	Pyrite,Pyrrhotite,Chalcopyrite	Blebby	2.0%
MWDD002	169	169.2	0.2	Pyrite,Pyrrhotite,Chalcopyrite	Blebby	2.0%
MWDD002	239.6	239.7	0.1	Pyrite	Vein hosted	2.0%
MWDD002	244.4	245.7	1.3	Pyrite,Pyrrhotite	Disseminated	2.0%
MWDD002	259.8	260.5	0.7	Pyrite	Disseminated	1.0%
MWDD002	261.1	261.2	0.1	Pyrite,Pyrrhotite,Chalcopyrite	Vein hosted	4.0%
MWDD002	280.4	280.6	0.2	Pyrite	Disseminated	0.5%
MWDD002	296.8	297.7	0.9	Pyrite,Pyrrhotite	Fracture fill	2.0%
MWDD002	304.2	304.3	0.1	Pyrite	Disseminated	0.5%
MWDD002	325	325.5	0.5	Pyrite	Disseminated	0.5%
MWDD002	332.4	334.5	2.1	Pyrite,Pyrrhotite	Disseminated	0.5%
MWDD002	336.1	336.2	0.1	Pyrite	Blebby	0.5%
MWDD002	437.9	438.1	0.2	Pyrite	Vein hosted	1.0%

P +61 9481 0389 E info@kingfishermining.com.au W www.kingfishermining.com.au/ Unit 2, 106 Robinson Avenue Belmont WA 6104 AUSTRALIA ABN: 96 629 675 216

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	•	The completed drilling program has used HQ3 triple tube (61mm
techniques		specialised industry standard measurement tools appropriate to the minerals		diameter), HQ (63.5mm diameter) and NQ2 (48mm diameter) diamond
		under investigation, such as down hole gamma sondes, or handheld XRF		coring for the collection of drill samples. The core samples will be sawn in
		instruments, etc). These examples should not be taken as limiting the broad		half, with half of the core retained by the Company and the other half of
		meaning of sampling.		the core submitted for analysis.
	•	Include reference to measures taken to ensure sample representivity and the	•	Samples from the current program are currently being prepared for
		appropriate calibration of any measurement tools or systems used.		analysis and are yet to be analysed.
	•	Aspects of the determination of mineralisation that are Material to the Public
		Report.
	•	In cases where ‘industry standard’ work has been done this would be relatively
		simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from
		which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other
		cases more explanation may be required, such as where there is coarse gold
		that has inherent sampling problems. Unusual commodities or mineralisation
		types(eg submarine nodules) may warrant disclosure of detailed information.
Drilling	•	Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast,	•	Drilling was completed using a Sandvik DE820 Diamond Coring drill rig.
techniques		auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard	•	The completed drilling program has used HQ3 triple tube (61mm
		tube, depth of diamond tails, face-sampling bit or other type, whether core is		diameter), HQ (63.5mm diameter) and NQ2 (48mm diameter) diamond
		oriented and if so, by what method, etc).		coring for the collection of drill samples.
			•	Historical Kingfisher drilling was completed using the reverse circulation
				technique.
			•	The core was orientated using an Axis downhole orientation tool
Drill sample	•	Method of recording and assessing core and chip sample recoveries and	•	Drill sample recovery in the zone of mineralisation and alteration is close
recovery		results assessed.		to 100%.
	•	Measures taken to maximise sample recovery and ensure representative	•	Core recoveries are monitored, measured and recorded by Kingfisher’s
		nature of the samples.		exploration team during and after drilling.
	•	Whether a relationship exists between sample recovery and grade and	•	Sample recoveries were consistently satisfactory and of a high standard
		whether sample bias may have occurred due to preferential loss/gain of		throughout the 2024 diamond drill program.
		fine/coarse material.
Logging	•	Whether core and chip samples have been geologically and geotechnically	•	Drill holes are logged for geology, mineralisation and alteration. The
		logged to a level of detail to support appropriate Mineral Resource estimation,		logging from the current and historic programs is consistent with industry
		mining studies and metallurgical studies.		standards.
	•	Whether logging isqualitative orquantitative in nature. Core(or costean,	•	Where orientation tools have failed structural interpretations have been

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		channel, etc) photography.		derived from nearby structures and mineralisation
	•	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.	•	Samples from the current program are currently being prepared for
techniques	•	If non-core, whether riffled, tube sampled, rotary split, etc and whether		analysis and are yet to be analysed. The core samples will be sawn in half,
and sample		sampled wet or dry.		with half of the core retained by the Company and the other half of the
preparation	•	For all sample types, the nature, quality and appropriateness of the sample		core submitted for analysis.
		preparation technique.	•	Previous RC drilling by Kingfisher, 1m samples were composited to 4m
	•	Quality control procedures adopted for all sub-sampling stages to maximise		intervals on site by the Company’s geologists. Several additional
		representivity of samples.		mineralised zones were identified from the 4m composite results and the
	•	Measures taken to ensure that the sampling is representative of the in situ		1m samples submitted for analysis.
		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 from the current program are yet to be analysed.
assay data		procedures used and whether the technique is considered partial or total.	•	Previous RC drilling by Kingfisher samples were analysed by Intertek
and laboratory	•	For geophysical tools, spectrometers, handheld XRF instruments, etc, the		Genalysis in Perth. The sample analysis uses a sodium peroxide fusion with
tests		parameters used in determining the analysis including instrument make and		an Inductively Coupled Plasma Mass Spectrometry and Inductively
		model, reading times, calibrations factors applied and their derivation, etc.		Coupled Plasma (ICP) Mass Spectrometry (MS) and Optical Emission
	•	Nature of quality control procedures adopted (eg standards, blanks,		Spectrometry (OES) finish.
		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	•	Analytical QC is monitored by the laboratory using standards and repeat
sampling and		company personnel.		assays.
assaying	•	The use of twinned holes.	•	Independent field duplicates were not conducted for and were not
	•	Documentation of primary data, data entry procedures, data verification, data		considered necessary for this early stage of exploration.
		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-	•	Drill hole locations were surveyed using a handheld GPS using the UTM
data points		hole surveys), trenches, mine workings and other locations used in Mineral		coordinate system, with an accuracy of +/-5m.
		Resource estimation.	•	Downhole surveys were completed using an Axis champ north-seeking
	•	Specification of the grid system used.		gyroscopic survey tool and were reported in 10m intervals.
	•	Quality and adequacy of topographic control.	•	All coordinates are MGA_z50
			•	Topographic control has been accurately defined using historic ground
				gravity survey points.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Data spacing	•	Data spacing for reporting of Exploration Results.	•	MWDD001 was drilled 57m and 77m from historical drilling that did not
and	•	Whether the data spacing and distribution is sufficient to establish the degree		extend beyond 150m (see ASX:KFM 7 February 2023).
distribution		of geological and grade continuity appropriate for the Mineral Resource and	•	MWDD002 was drilled 1.8km from historical drilling that did not extend
		Ore Reserve estimation procedure(s) and classifications applied.		beyond 100m (see ASX:KFM 7 February 2023).
	•	Whether sample compositing has been applied.
Orientation of	•	Whether the orientation of sampling achieves unbiased sampling of possible	•	The REE mineralisation has a NE strike and is steeply NW dipping.
data in		structures and the extent to which this is known, considering the deposit type.	•	The true with of the mineralisation is likely to be approximately 2/3 of the
relation to	•	If the relationship between the drilling orientation and the orientation of key		drill interval widths.
geological		mineralised structures is considered to have introduced a sampling bias, this
structure		should be assessed and reported if material.
Sample	•	The measures taken to ensure sample security.	•	Samples will be given individual samples numbers for tracking.
security			•	The sample chain of custody will be overseen by the Company’s
				geologists.
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.		E09/2320, E09/2481, E09/2494, E09/2495, E09/2653, E09/2654, E09/2655,
	•	The security of the tenure held at the time of reporting along with any		E09/2523, 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.	•	Drilling was conducted by Mt Phillips Exploration (Wamex A75869) and WA
by other parties				Exploration Services (Wamex A58062) with collars coordinates converted
				from AMG to GDA94z50
			•	Exploration for base metals at Kingfisher undertaken was by Pasminco Ltd
				in 1994,Mt Phillips Exploration PtyLtd in 2006 and WCP Resources in 2007.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	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 &
				associated fenite alteration and volcanogenic massive sulphide base
				metal mineralisation.
Drill hole	•	A summary of all information material to the understanding of the	•	Location, orientation and depth data as well as summary geological logs
Information		exploration results including a tabulation of the following information for all		were tabulated and were included in this announcement for all new drill
		Material drill holes:		hole 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	•	The current diamond is currently being prepared for analysis. Samples
methods		and/or minimum grade truncations (eg cutting of high grades) and cut-off		have been marked at appropriate intervals.
		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	•	The drill holes were designed to test geophysics targets and were drilled
between		Results.		approximately perpendicular to strike.
mineralisation	•	If the geometry of the mineralisation with respect to the drill hole angle is	•	The REE mineralisation has a NE strike and is steeply NW dipping.
widths and		known, its nature should be reported.	•	The true with of the mineralisation is likely to be approximately 2/3 of the
intercept lengths	•	If it is not known and only the down hole lengths are reported, there should		drill interval widths.
		be a clear statement to this effect(eg ‘down hole length, true width not

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		_known’). _
Diagrams	•	Appropriate maps and sections (with scales) and tabulations of intercepts	•	A map and cross-sections showing relevant data has been included in
		should be included for any significant discovery being reported These		the report along with documentation.
		should include, but not be limited to a plan view of drill hole collar locations
		and appropriate sectional views.
Balanced	•	Where comprehensive reporting of all Exploration Results is not practicable,	•	All of drilling information is included in Annexure 1-3 and anomalous
reporting		representative reporting of both low and high grades and/or widths should		results are included in the diagrams in this report.
		bepracticed to avoid misleading reporting of Exploration Results.
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 base metal and carbonatite REE
		main geological interpretations and future drilling areas, provided this		mineralisation, additional RC and diamond drilling as well as mapping
		information is not commercially sensitive.		and rock chip sampling.

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