KINGFISHER MINING LTD — Investor Presentation 2021

May 27, 2021

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Copper-Gold Exploration in Western Australia

Corporate Presentation – 28 May 2021

Kingfisher Mining

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Kingfisher is a mineral exploration company committed to increasing shareholder wealth through the acquisition, exploration and development of copper and gold projects throughout Western Australia.

Investment fundamentals:

• Exciting exploration tenure that covers 1,375km[2] in the underexplored Ashburton and Gascoyne Mineral Fields.

• Growth opportunity, with advanced projects, walk-up drill targets and significant generative opportunities from large landholdings on targeted geology and structures.

• Experienced board and management team with a strong background in copper, gold and base metals exploration, project development and mining operations.

• Exploration and future project acquisitions fully funded until end 2022.

Corporate Overview

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Tight capital structure, low enterprise value and growth opportunity from advanced projects and greenfields pipeline.

ASX Code ASX Code Shares on Issue Shares on Issue Market Cap Market Cap KFM 42,250,001 $10.3M$9.5M

Planned activities fully funded until end 2022.

Board of Directors

Warren Hallam Non-Executive Chairman James Farrell Executive Director and CEO Scott Huffadine Non-Executive Director Adam Schofield Non-Executive Director

Cash Cash $5. 25 M

Debt Debt Nil

EV EV $4. 38 M

Top 20 Shareholders 45.9%

Capital Structure

Board and management 14.6% Rimoyne Pty Ltd 4.7% Alitime Nominees Pty Ltd 3.1% Peter Gianni 3.0% Robert Jewson 3.0% DC & PC Holdings Pty Ltd 2.4% Piggin Family S/F 1.9% Kitara Investments Pty Ltd 1.8% Remaining top 20 11.4%

Shares on Issue 42,250,001 Unlisted Options 10,250,000 Total Shares (Fully Diluted) 52,250,001

Options have an exercise price of $0.25 and a term of 3 years. Market capitalisation current as at 28 May 2021. Update EV Cash position current as at 31 March 2021.

Exploration Projects

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Advanced exploration projects and significant pipeline of generative opportunities in underexplored areas.

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Karratha
Marble Bar
Tom Price
Boolaloo
Newman
Carnarvon Mick Well Kingfisher
Gascoyne Junction
Meekatharra
100 km
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Ashburton Mineral Field

• Flagship Boolaloo Project.

• Known mineralisation from past exploration success.

Gascoyne Mineral Field

• Kingfisher, Mick Well and Arthur River Projects.

• Copper mineralisation at Kingfisher Project extends over 2km and is exposed in a series of historical mine workings.

Boolaloo

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Exciting copper-gold exploration targets and large landholding.

• Located 160km west of

• Paraburdoo and 35km southwest of the Paulsens gold mine in the Ashburton Mineral Field.

• Underexplored and prospective for sediment-hosted and shearassociated Cu, Cu-Au and Au mineralisation.

• Significant tenement holding, with the recent application for E08/3317 immediately adjacent to the Company’s existing tenure .

• expanding its holding to 713km[2]

Refer to disclosures slide for past production[i] and resources[ii] of Paulsens Gold Mine and Mt Clement Project[iii] .

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Legend
Paulsens Gold Mine (NST)
Ashburton
Production 909 koz Au [i] , Resources 209 koz Au [ii]
Mt Clement Project (NST) EL08/3317
Resources 64 koz Au [iii]
Erny Bore (Au)
K16
Copper Strike
Fault
Tenements
Kingfisher Mining (Granted)
Kingfisher Mining (Pending)
Northern Star Resources
Cazaly Resources
25 km
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– Boolaloo Walk Up Targets

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Known mineralisation from past exploration success.

• Rock chip sampling, with significant copper and gold results.

• 35 RC holes drilled for 4,340m.

• 22 mineralised targets defined with only 6 targets previously drilled. All returned significant results.

• Significant strike lengths of mineralisation over 1.5km at K15 and K16.

• Follow-up drilling planned at K15, K16, and Copper Strike is underway.

• First-pass drilling planned for Lag Anomaly and the Erny Bore gold prospect.

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Legend
Exploration Licence
Mineralisation
Erny Bore
Rock Chips Mineralised structure
8.06 g/t Au (interpreted)
Green Rock
2.10 g/t Au
Rock Chips 1.81 g/t Au RC drill hole
14.1% Cu
1.21 g/t Au Historical mine
12.3% Cu
9.34% Cu Mineralised corridor
6.06% Cu Rattler
Mineralised corridor 1.1 g/t Au Rock Chips6.9% Cu Au, Zn
0.43 g/t Au
Cu, Au
Minga Bore North Cu, Au Cu, Au, Pb, Ag
Rock Chips
54.5% Cu Copper Strike
Rock Chips
1.47 g/t Au
Isas Creek 49% Cu
Cu, Au Rock Chips 16.2% Cu
Green Hat 11% Cu Cu, Au, Pb, Ag 103 g/t Ag
1.24 g/t Au 6.12% Pb
Rock Chips
3.1% Cu RC Drilling
0.13 g/t Au Cu, Au 2m @ 3.81% Cu & 0.62 g/t Au
10m @ 0.43% Cu
7m @ 0.47% Cu
K15 Prospect K16 Prospect Lag Anomaly Eagles Rest
Rock Chips Rock Chips Rock Chips Rock Chips
15.1% Cu & 4.56 g/t Au 41.2% Cu & 4.96 g/t Au 15.0% Cu & 3.8 g/t Au 20.0% Pb & 30.4 g/t Ag
9.2% Cu & 2.14 g/t Au 9.62% Cu & 2.05 g/t Au 11.3% Cu 6.6% Pb
RC Drilling RC Drilling 6.0% Cu & 0.8 g/t Au Channel Sampling
3m @ 3.05% Cu & 0.57 g/t Au 4m @ 1.06% Cu & 1.40 g/t Au 3.0% 10m @ 1.13% Cu & 0.3 g/t Au
3m @ 1.83% Cu & 1.12 g/t Au Channel Sampling
2m @ 1.44% Cu & 1.36 g/t Au 1.2m @ 5.0% Cu & 0.86 g/t Au 2 km
2m @ 1.52% Cu & 0.13 g/t Au 4m @ 2.4% Cu
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– Boolaloo Significant Exploration Potential

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Greenfields pipeline with

exploration opportunity.

• Strike length of 30km of Boolaloo target structures and stratigraphy.

• Knowledge gained from existing discoveries at K15, K16 and Copper Strike can be applied to new target areas.

• Airborne magnetics and hyperspectral surveys covers Boolaloo mineralised corridor.

• Reprocessing of hyperspectral survey expected to assist with targeting.

• Carlin-type gold exploration targeting model for E08/3317 for the Cheela Fault and Duck Creek Dolomite.

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Legend
EL (Granted)
EL (Pending)
Mineralisation
Mineralised structure
(interpreted)
E08/3317
Mineralised corridor
E08/3067 E08/3247
E08/2945
E08/3246
30 km
TMI
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Gascoyne Mineral Field

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Kingfisher, Mick Well and Arthur River Projects

• Project area located 80km northeast of the Gascoyne Junction and 235km east of Carnarvon.

• Large tenement holding, with the recent applications for E09/2481, E09/2494 and E09/2495 surrounding the Company’s existing Projects expanding its Gascoyne holding to 662km[2] .

• Kingfisher mineralised zone is 2km long and exposed in a series of shallow historical mining pits.

• The geology and geochemistry indicate the area is prospective for VMS-style deposits.

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Legend
Gascoyne
Mick Well
Kingfisher
Fault
Tenements
Kingfisher Mining (Granted)
Arthur River
Kingfisher Mining (Pending)
Polymetallica Minerals
Venus Metals Corporation
Serena Minerals
Arrow Minerals
25 km
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Kingfisher and Mick Well Projects

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Advanced exploration projects with potential for volcanogenic massive sulphide mineralisation.

Kingfisher Project

• 10 drill holes completed, with 3m at 0.6% Cu (KFRC10)

• Rock chips: 15.3%, 6.3%, 6.2%, 5.9% and 3.4% Cu.

• 3D IP survey defined a >600M chargeable unit which is yet to be fully drill tested.

Mick Well Project

• Limited exploration, with only two drill holes, best results included 11m at 0.25% Cu from 118 m (MWDD001).

• Rock chip samples up to 10.55% Cu over a strike length of 1km and up to 10m in width.

• Potential for REE and uranium.

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EL09/2320
Mick Well
RC Drilling EL09/2242
11m @ 0.25% Cu
Kingfisher
EL09/2481 RC Drilling
3m @ 0.6% Cu
Target corridor
Legend
EL (Granted)
EL (Pending)
Fault
Mineralisation 2 km
Diamond drill hole EL09/2349
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Project Development and Discovery

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Systematic, technical approach to exploration and project advancement. ► Full schedule of exploration and development work with drilling and airborne geophysics. ► Scheduled work plan for Q2 2021 and indicative plan for Q3 to Q4 2021.

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

2021 Exploration Program

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Exploration diamond drilling

• 500m diamond drilling program to follow-up previous RC drill intercepts at the K15, K16 and Copper Strike Prospects at Boolaloo underway.

• Drilling to provide detailed information on the mineralisation, alteration and host rock stratigraphy and assist the Company with the design of RC drilling planned for Boolaloo later this year.

• Diamond drilling will provide samples for petrophysical analysis which will be used to improve the interpretation of the geophysical surveys.

Airborne electromagnetic survey

• An airborne electromagnetic (EM) survey is scheduled for Boolaloo, Kingfisher and Mick Well in June 2021.

• EM is highly effective for identifying conductive sulphide mineralisation up to depths of 300m below surface.

Reverse circulation drilling

• 5,000m RC drilling program planned for Boolaloo. The drilling program will be completed in two phases, to allow analysis and interpretation of the results.

• Initial 3,000m RC drilling program planned for Kingfisher and Mick Well.

Investment Highlights

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• Advanced copper and gold projects and significant pipeline of generative opportunities in underexplored areas.

• Growth opportunity, with tight capital structure and low enterprise value.

• Exciting exploration tenure that covers 1,375km[2] in the underexplored Ashburton and Gascoyne Mineral Fields.

• Full schedule of exploration and development work, including multiple drill programs and airborne geophysics.

• Planned activities fully funded until end 2022.

Disclosures and Disclaimers

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This investor presentation (Presentation) has been prepared by Kingfisher Mining Limited ACN 629 675 216 (Kingfisher or Company).

The following disclaimer applies to this Presentation and any information provided regarding the information contained in this Presentation, and you are therefore advised to read this carefully before reading or making any other use of this Presentation or any information contained in this Presentation. By accepting this Presentation, you represent and warrant that you are entitled to receive the Presentation in accordance with the below restrictions and agree to be bound by the limitations contained herein.

Summary Information

This Presentation contains summary information about Kingfisher and its activities which is current as at the date of this Presentation. The information in this Presentation is of a general nature and does not purport to be complete nor does it contain all the information which a prospective investor may require in evaluating a possible investment in Kingfisher or that would be required in a prospectus prepared in accordance with the requirements of the Corporations Act. This Presentation should be read in conjunction with Kingfisher’s other periodic and continuous disclosure announcements which are available at www.asx.com.au.

Unless otherwise specified, statements in this Presentation are made only as at the date of this Presentation and the information in this Presentation remains subject to change without notice. The Company may in its absolute discretion, but without being under any obligation to do so, update or supplement this Presentation.

Any forward-looking statements, opinions and estimates in this Presentation are based on assumptions and contingencies which are subject to change without notice.

Past Performance

Information on past performance and pro forma historical financial information in the Presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. Actual results could differ materially from those referred to in this Presentation.

Disclaimer

No representation or warranty, express or implied, is made as to the accuracy, adequacy, completeness or reliability of any statements, estimates or opinions or other information, including forward looking statements, contained in this Presentation. To the maximum extent permitted by law, each of Kingfisher and its subsidiaries, and their respective directors, officers, employees, contractors, agents and advisers including the Lead Manager disclaims any responsibility or liability for the accuracy, fairness, sufficiency, timeliness or completeness of the material contained in this Presentation, or any opinions or beliefs contained in it, and excludes all liability whatsoever for any loss or damage (whether foreseeable or not and whether direct, indirect or consequential) which may be suffered by any person as a consequence of any information in this Presentation or any error in or omission from it, whether the loss or damage arises in tort (including negligence), contract, statute or otherwise.

Previous ASX Announcements and Other Reports

Not A Disclosure Document

Kingfisher Mining Limited Prospectus, 9 November 2020 and WAMEX Report a076055.

This Presentation is for information purposes only and is not a disclosure document, product disclosure statement or other offering document or contract under Australian law or any other law (and will not be lodged with ASIC).

This Presentation and its contents must not be distributed, transmitted or viewed by any person in any jurisdiction where the distribution, transmission or viewing of this document would be unlawful under the securities or other laws of that or any other jurisdiction, including the United States.

Not Financial Product Advice

This Presentation does not constitute financial product or investment advice or a recommendation to acquire securities in Kingfisher. The information in this Presentation does not take into account the investment objectives, financial situation or particular needs of any recipient and should not be relied on in considering the merits of any particular transaction. You may wish to seek independent legal, financial, regulatory and taxation advice before making any decision in respect of this Presentation. Neither the Company nor any of its related bodies corporate is licensed to provide financial product advice in respect of the Company’s securities or any other financial products.

Forward Looking Statements

This Presentation contains forward looking statements with regard to the financial condition, results of operations and business of Kingfisher and certain plans, strategies and objectives of the management of Kingfisher. Forwards looking statements can generally be identified by use of words such as “ may”,“ should”,“ could”,“ foresee”,“ plan”,“ aim”,“ will”,“ expect”,“ intend”,“ project”,“ estimate”,“ anticipate”,“ believe”,“ or “ or similar expressions.

Paulsens Gold Mine and Mt Clement Project:

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-July-2018.pdf

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

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

Competent Persons Statement

The information in this Presentation 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 Presentation of the matters in the form and context in which it appears.

To the extent that certain statements contained in this Presentation may constitute forward looking statements or statements about future matters, the information reflects Kingfisher’s intent, belief or expectations at the date of this Presentation. Any forward-looking statements, including projections, guidance on future revenues, earnings and estimates, are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Kingfisher’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.

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Level 11, London House 216 St Georges Tce Perth WA 6000 (08) 9481 0389 info@kingfishermining.com.au https://kingfishermining.com.au

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ASX: KFM

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