KINGFISHER MINING LTD — Investor Presentation 2022

Feb 7, 2022

Corporate Presentation - 2022

Rare Earth Elements Discovery in Western Australia

Disclosures and Disclaimers

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.

Not A Disclosure Document

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

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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.

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

¹ ASX Announcement 'Significant Rare Earths Discovery: 12m at 1.12% TREO'. Kingfisher Mining Limited (ASX:KFM), 10 January

2022.

² ASX Announcement 'Maiden diamond drilling results confirm multiple copper zones at Boolaloo'. Kingfisher Mining Limited

(ASX:KFM), 12 August 2021.

³ ASX Announcement 'Copper and Gold Results Confirm Mineralisation Associated with Geophysical Targets at Boolaloo'.

Kingfisher Mining Limited (ASX:KFM), 27 January 2022. 29 November 2021.

^ ASX Announcement 'Five Carbonatite Intrusions Identified at Mangaroon Project'. Dreadnought Resources Limited (ASX:DRE),

* Simandl, G. J. & Paradis, S. 2008. Carbonatites: related ore deposits, resources, footprint, and exploration methods. Applied Earth Science , 127:4, 123-152, DOI: 10.1080/25726838.2018.1516935.

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-Cost-Guidance-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.

Highly prospective geology, cash reserves, tight capital structure and low enterprise value.

Growth opportunity

First mover with significant generative opportunities from 1,676km² of tenure in the Ashburton and Gascoyne provinces.

Experienced board and management team

STRONG background in METALS EXPLORATION, project development and mining operations.

2022 exploration program fully funded.

Fully Funded

Large tenement holding

Greenfields rare earth elements (REE) and carbonatite

discovery.

Breakthrough discovery

SCOTT HUFFADINE

Non-Executive Director

JAMES FARRELL

Executive Director and CEO

WARREN HALLAM

Non-Executive Chairman

ADAM SCHOFIELD

Non-Executive Director

Board of Directors

Mr Hallam is a Metallurgist and a Mineral Economist and holds a Graduate Diploma in Finance. Mr Hallam has considerable technical, managerial and financial experience across a broad range of commodities being predominantly copper, nickel, tin, gold and iron ore. Mr Hallam has held numerous board positions including Directorships with Westgold Resources Limited, Aziana Limited and was the Managing Director of Metals Exploration Limited, Metals X Limited, Capricorn Metals Ltd and Millennium Minerals Limited. Mr Hallam is also a Director of NiCo Resources Limited (NC1:ASX), Nelson Resources Limited (NES:ASX) and Essential Metals Limited (ESS:ASX).

Mr Farrell is an exploration and resource development geologist with 20 years' experience in the resource industry in Australia, Africa and Asia. Mr Farrell has significant experience with project generation, multidisciplinary project development studies, project development strategy and technical due diligence for company mergers, project acquisition and project divestment.

Mr Huffadine is a Geologist with more than 28 years' experience in the resource industry, specifically project management, geology and executive management. Mr Huffadine has held several key management positions ranging from operational start-ups involving open pit and underground mining projects, through to large integrated operations in gold and base metals. He was previously Managing Director of Kingsrose Mining Limited, an Executive Director of Metals X Limited and Managing Director of Westgold Resources Limited. He is also a Director of Pantoro (PNR:ASX) and Alternate Director of Maximus Resources (ASX:MXR).

Mr Schofield is a mining company executive with over 20 years experience in the resources sector in Australia and Africa. He has significant experience in conducting feasibility studies and taking projects from feasibility stage into operations. He has extensive experience in Gold, Copper, Mineral Sands and Iron Ore. He is also a Director of Nelson Resources Limited (NES:ASX) and Heavy Minerals Limited (HVY:ASX).

Exploration Projects

Significant discovery, known mineralisation and pipeline of generative opportunities in underexplored areas

GASCOYNE MINERAL FIELD

ASHBURTON MINERAL FIELD

• Established copper and gold prospects
• New discoveries

• Historic copper mines

• Rare earth elements discovery

• Highly prospective projects
• Large tenement holding

Large tenement holding, with 969km² of exploration tenure.

80km northeast of the Gascoyne Junction and 100km south of the world-class Yangibana Deposit (Hastings) and Yin Project (Dreadnought).

Gascoyne REE Discovery

Kingfisher, Mick Well and Arthur River Projects

Exploration targeting the Durlacher Suite and Halfway Gneiss.

Full year of exploration activity planned.

Breakthrough discovery of carbonatites with associated alteration and REE mineralisation.

Greenfields REE discovery

Kingfisher and Mick Well Projects

VTEM Survey flown in 2021: 800 line km

4 targets drilled in 2021, significant REE results returned

Targeting and mapping has identified more than 20 carbonatite outcrops in 5 clusters

Highly Prospective: 9% of carbonatites worldwide are in production or have been in production*

¹ASX Announcement (ASX:KFM): 'Significant Rare Earths Discovery: 12m at 1.12% TREO' dated 10 January 2022.

* Simandl & Paradis, 2018.

Highly prospective geology with an exciting exploration target pipeline

Kingfisher and Mick Well Projects

Geological setting of Mick Well, Kingfisher and Kingfisher South similar to Yin and Yangibana.

• All projects associated with Durlacher Supersuite rocks.
• Kingfisher projects associated with crustal scale Chalba Fault.
• Yin and Yangibana associated with crustal scale Lyon's River Fault.

Scale of Mick Well, Kingfisher and Kingfisher South carbonatite complexes similar to Mangaroon carbonatite intrusions.

Significant potential for identification of more carbonatite intrusions, with interpreted mineralisation corridor strike length greater than 50km.

Underexplored and prospective for sediment-hosted and shear-associated Cu, Cu-Au and Au mineralisation.

160km west of Paraburdoo 35km southwest of the Paulsens gold mine in the Ashburton Mineral Field.

Boolaloo

Demonstrated copper-gold mineralisation and large landholding in an emerging region

Significant tenement holding, with 707km² of granted tenure.

Refer to disclosures slide for past productionⁱ and resourcesii of Paulsens Gold Mine and Mt Clement Project iii .

Erny Bore: 2m at 0.95% Cu and 0.40g/t Au, including 1m at 1.73% Cu and 0.78g/t Au³.

Boolaloo - Six Targets Drilled in 2021

New discoveries and known mineralisation from past exploration success

²ASX Announcement (ASX:KFM): 'Maiden diamond drilling results confirm multiple copper zones at Boolaloo' dated 12 August 2021. ³ ASX Announcement (ASX:KFM): 'Copper and Gold Results Confirm Mineralisation Associated with Geophysical Targets dated 27 January 2022.

Boolaloo - Significant Exploration Potential

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

Knowledge gained from K15, K16 & Copper Strike applied to new target areas.

Airborne electromagnetics, magnetics and reprocessed hyperspectral survey successfully driving for targeting and new discoveries.

Carlin-type gold deposit potential for E08/3317 in the Duck Creek Dolomite and Cheela Fault.

Greenfields pipeline with discovery potential

2022 Exploration Program

2022 Exploration

Progressing and developing a pipeline of high-quality REE and copper targets.

• RC drill rig booked for REE follow-up drill program in April 2022.

Significant on-ground mapping and sampling programs to rapidly progress targets for drilling. Kingfisher South Carbonatite

Project-wide airborne magnetics and radiometrics.

Full exploration program milestones with focus on REE to be announced shortly.

Investment Highlights

• Breakthrough greenfields REE and carbonatite discovery.

• Highly prospective geology with significant pipeline of generative opportunities in underexplored areas.

• First mover advantage with significant strategic land-

• Growth opportunity, with tight capital structure, cash

• holding.
• reserves and low enterprise value.
• airborne geophysics.
• 2022 exploration activities fully funded.

• Full schedule of exploration and development work, including drill programs, on-ground geology work and

Contact Us Reach out to us for inquiries or comments.

(08) 9481 0389 PHONE NUMBER

www.kingfishermining.com.au WEBSITE

info@kingfishermining.com.au EMAIL ADDRESS

ASX: KFM