KINGFISHER MINING LTD — Investor Presentation 2023

Jun 21, 2023

SOURCING THE SUSTAINABLE RARE EARTHS OF TOMORROW ADVANCING OUR GASCOYNE DISCOVERY

GOLD COAST INVESTMENT SHOWCASE | JUNE 2023

DISCLAIMER & COMPETENT PERSONS STATEMENTS

Investor Relations

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.

James Farrell

Executive Director & CEO P: +61 8 9481 0389 E: info@kingfishermining.com.au

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.

Peter Taylor

NWR Communications

P: +61 412 036 231 E: peter@nwrcommunications.com.au

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.

Office Address

Unit 2, 106 Robinson Avenue Belmont WA 6104 AUSTRALIA

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.

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.

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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.

Announcements (ASX:KFM)

27 July 2021: Strong Conductors Identified from Airborne Electromagnetic Survey at Kingfisher and Mick Well 21 December 2021: Kingfisher Confirms Rare Earths Potential at Gascoyne Projects 10 January 2022: Significant Rare Earths Discovery: 12m at 1.12% TREO

27 January 2022: Copper and Gold Results Confirm Mineralisation Associated with Geophysical Targets at Boolaloo

24 March 2022: High Grade Rare Earths Returned from Discovery Drill Hole: 4m at 1.84% TREO, including 1m at 3.87% TREO

5 July 2022: Latest Drilling Returns High Grade REEs with 5m at 3.45% TREO, including 3m at 5.21% TREO 27 July 2022: Broad Zones of Anomalous REEs Discovered in Mick Well Clays 30 August 2022: 40% REE Returned from Mick Well

6 September 2022: Significant Clay REE Mineralisation Confirmed at Mick Well

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

24 October 2022: New REE Discoveries along Kingfishers 54km Target Corridor - MW7 and MW8 29 November 2022: Assays from MW7 Confirm Another High Grade REE Discovery

10 January 2023: Exciting New Carbonatite REE Targets Along 54km Corridor

18 January 2023: Large-Scale Carbonatite REE Targets Identified at Arthur River

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

7 February 2023: High Grade Drilling Results Confirm New MW2 REE Discovery 23 February 2023: Exciting Carbonatite Potential at Arthur River 27 February 2023: Latest MW2 Surface Sample Extend Mineralised Zone

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.

Corporate Overview

9,185,000 unlisted options have an exercise price of $0.25 and a term of 3 years (expiring 11 December 2023). 250,000 unlisted options have an exercise price of $0.24 and expire 30 November 2024. 2,450,000 unlisted options have an exercise price of $0.69 and expire 5 December 2025. 14,850,001 listed options have an exercise price of $0.70 and expire 30 May 2025.

Company market capitalisations current as at 20 June 2023.

WHY KINGFISHER?

4 DISTINCTIVE ADVANTAGES

ADVANCING LARGE BREAKTHROUGH TENEMENT DISCOVERY HOLDING

First mover with significant discovery opportunities from 1,676 sq.km of tenure in the Gascoyne and Ashburton provinces

Greenfields high grade rare earth elements discovery.

RARE GROWTH OPPORTUNITY

EXPERIENCED LEADERSHIP

Strong background in metals exploration, project development and mining operations.

Highly prospective geology, valuebuliding strategy and fully funded.

ADVANCING OUR GASCOYNE DISCOVERY

Kingfisher’s breakthrough high grade rare earth elements discovery at Mick Well lies in the heart of the Gascoyne Mineral Field; an emerging rare earths region where the Company holds 969 sq.km of exploration tenure and has an extensive target corridor for rare earth element mineralisation.

The Company also holds 707 sq.km in the underexplored Ashburton Mineral Fields where it holds advanced coppergold exploration targets and has made a new copper-gold discovery.

GASCOYNE

1

MICK WELL, KINGFISHER AND ARTHUR RIVER PROJECTS

ASHBURTON

2

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BOOLALOO PROJECT
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CORPORATE SNAPSHOT

PRESENTS A COMPELLING TIME TO INVEST

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ASX Code Share Price Market Cap Cash Debt Enterprise Value Shares on Issue KFM $0.28 $15.0M $3.9M Nil $11.1M 53.7M 20 June 2023 20 June 2023 31 March 2023 31 March 2023 20 June 2023 11.9M Unlisted Options 14.9M Listed Options 80.5M Total Shares (Full Diluted) SHAREHOLDERS RARE EARTH ELEMENTS COMPANY MARKET CAPITALISATIONS

SHAREHOLDERS

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28.4%
61.7%
9.9%
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10,000
1,000
500
400
300
200
100
0
LYC ARU HAS DRE NTU ASM AR3 REE LNR KFM
REE companies in the Gascoyne
Millions ($)
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A TEAM BUILT TO DELIVER ABOVE EXPECTATION

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James Farrell Executive Director & CEO

Mr Farrell is an exploration and resource development geologist with more than 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.

Warren Hallam

Non-Executive Chairman

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 Poseidon Nickel Limited (POS:ASX) and Essential Metals Limited (ESS:ASX).

Scott Huffadine

Non-Executive Director

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).

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Image : Rock chip from MW2 with >40% TREO and 6.5% NdPr
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EXPLORATION STRATEGY EXPLAINED

LARGE-SCALE CARBONATITE STRATEGY

Kingfisher aims to build value through discovery-focused exploration for large-scale carbonatite intrusions.

The current exploration program is advancing high quality carbonatite targets along the 54km long Chalba and 30km long Lockier target corridors, where exploration by Kingfisher has confirmed the potential for high grade rare earth elements mineraliation.

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LARGE-SCALE SOURCE INTRUSIONS ARE HIGH PRIORITY TARGETS FOR DRILLING

RARE EARTHS MARKET CRITICAL TO GLOBAL CRITICAL TO GLOBAL ACCELERATION ACCELERATION

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EACH ELECTRIC VEHICLE CONTAINS ~1 KILOGRAM OF NdPr OXIDE

NdPr Market Balance Forecast NdPr Oxide market balance (kt)

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10
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EACH WIND TURBINE CONTAINS CLOSE TO 2 TONNES OF NdPr OXIDE

5 0 -5 -10

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-15
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+ Nd Oxide: US$146.40 per kg + Pr Oxide: US$148.80 per kg

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2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
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DISCOVERY TIMELINE – GASCOYNE RARE EARTHS

Rapid and cost-effective discovery through results-driven exploration

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2023 Exploration: build value through discovery-focused exploration for large-scale carbonatite intrusions.

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June 2022
December 2020
Kingfisher lists on REE mineralisation
the ASX
identified at MW2
July 2021 January 2022
MW2 target Breakthrough REE
identified from discovery in October 2022
airborne drilling at MW2
High grade REE
electromagnetic mineralisation
survey discovered MW7
and MW8
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January 2023 Large scale REE targets identified at Arthur River, Lockier target corridor strike length increased to 30km for a total of 84km

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June 2022
High grade outcropping
REE mineralisation
identified at MW2
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2023

2021

2022

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September 2022 Significant Clay REE Mineralisation Confirmed at Mick Well

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February 2023 Drilling confirms Chalba as significant carbonatite-related REE system

December 2021 Carbonatites identified in Chalba target corridor

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April 2021 Tenements consolidated over 54km Chalba target corridor

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July 2022

January 2023

Clay REE mineralisation discovered at Mick Well

High grade REEs discovered at KF3, 15km east of MW2

2022 Exploration: develop and test drill targets from mapping and rock sampling whilst simultaneously developing a pipeline of exploration opportunities from tenement-scale airborne geophysical surveys.

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Onslow

GASCOYNE RARE EARTHS

An emerging REE and lithium province with mine development and new discoveries

Yangibana Yin

THE MICK WELL DISCOVERY IS IN THE HEART OF THE GASCOYNE REGION

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Carnarvon
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Gascoyne Junction
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Mick Well
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REGIONAL SCALE OPPORTUNITY

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MICK WELL, KINGFISHER AND ARTHUR RIVER PROJECTS

• Multiple high grade REE discoveries along 54km Chalba target corridor.

• Exciting large-scale targets on second target corridor, the Lockier Zone, which extends for 30km across Kingfisher’s tenure.

• Large tenement holding with 969km[2] of exploration tenure that covers key positions of the target corridors.

• Full schedule of exploration activity to advance large-scale opportunities and rapidly progress discoveries.

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MICK WELL BREAKTHROUGH HIGH GRADE REE DISCOVERIES AT MW2, MW7 AND MW8

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BREAKTHROUGH HIGH GRADE REE DISCOVERIES AT MW2, MW7 AND MW8
MW2
MW7
Open
MW8
Open
Open MWRC033: 3m at 2.52% TREO with 0.41% NdPr
MW2 MWRC035: 4m at 3.24% TREO with 0.54% NdPr
Open MWRC041: 4m at 1.07% TREO with 0.17% 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
Open MWRC048: 5m at 0.83% TREO with 0.14% NdPr
MWRC049: 9m at 0.66% TREO with 0.11% NdPr
Open
MWRC059: 4m at 1.90% TREO with 0.34% NdPr
MWRC060: 2m at 1.51% TREO with 0.30% NdPr
Open
MWRC004: 12m at 1.12% TREO with 0.21% NdPr
MWRC011: 5m at 3.45% TREO with 0.65% NdPr
Legend MWRC011: 4m at 1.03% TREO with 0.17% NdPr
Geology Rock Chips: TREO MW3 MWRC013: 8m at 1.05% TREO with 0.19% NdPr
Carbonatite complex >5%
Mineralised dyke 1-5%
Mineralised dyke 0.5-1%
(newly discovered) 0.2-0.5%
Mineralisation target 0.1-0.2%0.0-0.1%
Drilling 250 m
RC drill hole
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MICK WELL

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BREAKTHROUGH HIGH GRADE REE DISCOVERIES AT MW2, MW7 AND MW8

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Drilling and rock chips have so far
delineated more than 6.5km of strike
of outcropping REE mineralisation.
Mineralisation consists of dominantly
of monazite; a globally important
sources of REEs. MW7
MW7 and MW8 discoveries are drill MW8
ready.
Significant additional exploration MW2
potential highlighted by magnetic
mineralisation.
MW3
Legend
Geology
MW2 Carbonatite complex
Mineralisation
Confirmed with drill and
surface samples
Target from magnetics
Drilling
RC drill hole 500 m
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Drilling and rock chips have so far delineated more than 6.5km of strike of outcropping REE mineralisation.

Mineralisation consists of dominantly of monazite; a globally important sources of REEs.

MW7 and MW8 discoveries are drill ready.

Significant additional exploration potential highlighted by magnetic mineralisation.

CHALBA SHEAR ZONE

54KM TARGET CORRIDOR WITH MULTIPLE DISCOVERIES AND LARGE-SCALE UNTESTED POTENTIAL

• New REE discovery at KF3 announced in Q1 2023, confirming the potential for high grade REEs 15km east of Mick Well.

• Exploration work focused on large-scale targets identified from airborne geophysics also announced in Q1 2023.

• More than 90% of Chalba target corridor yet to be geologically mapped by the Company.

MW7

MWGS1279: 5.06% TREO and 0.93% NdPr MWGS1321: 6.71% TREO and 1.24% NdPr MWGS1378: 31.82% TREO and 5.99% NdPr MWGS1379: 8.22% TREO and 1.40% NdPr

MW8

MW2

MWGS1152: 10.62% TREO and 2.34% NdPr MWGS1224: 17.64% TREO and 3.82% NdPr MWGS1231: 2.39% TREO and 0.58% NdPr MWGS1232: 16.75% TREO and 3.66% NdPr MWGS1301: 13.8% TREO and 3.02% NdPr

MW3

MWRC004: 12m at 1.12% TREO with 0.21% NdPr MWRC011: 5m at 3.45% TREO with 0.65% NdPr MWRC033: 3m at 2.52% TREO with 0.41% NdPr MWRC011: 4m at 1.03% TREO with 0.17% NdPr MWRC035: 4m at 3.24% TREO with 0.54% NdPr MWRC013: 8m at 1.05% TREO with 0.19% NdPr MWRC059: 4m at 1.90% TREO with 0.34% NdPr MWRC067: 5m at 2.63% TREO with 0.54% NdPr MWRC068: 5m at 1.54% TREO with 0.30% NdPr Mick Well

Mick Well

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MW2
KF3
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Legend Geology

Carbonatite complex Mineralisation Fenite

MWGS1577: 32.16% TREO and 5.25% NdPr

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KF3
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1 km

ARTHUR RIVER

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LARGE-SCALE CARBONATITE TARGETS

• REE-bearing ironstones and pathfinder elements intersected in historical drilling.

• Highly anomalous REEs in historical rock chips from the LK1 target area

• Fenite alteration confirmed in reconnaissance mapping by Kingfisher.

• Circular magnetic features interpreted to be potential ‘Mt Weld style’ intrusion pipes.

• High-priority geological mapping for target progression underway, with surface geochemistry planned to assist with defining drill targets.

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LK1
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2 km
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Th
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LK1
Arthur River
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Arthur River
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2023 EXPLORATION

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BUILDING VALUE THROUGH DISCOVERY-FOCUSED EXPLORATION FOR LARGE-SCALE CARBONATITE INTRUSIONS

Q1 2023 Q2 2023 Q3 2023 Q4 2023 Mick Well – Kingfisher Target generation Fieldwork, mapping and target progression RC Drilling Airborne hyperspectral survey Arthur River Target generation Fieldwork, mapping and target progression Geochemical program RC Drilling Ground-based gravity Mooloo Airborne magnetics and radiometrics Fieldwork, mapping and target progression Chalba Airborne magnetics and radiometrics

WHY KINGFISHER?

ADVANCING OUR GASCOYNE DISCOVERY

Kingfisher’s breakthrough high grade rare earth elements discovery at Mick Well lies in the heart of the Gascoyne Mineral Field; an emerging rare earths region where the Company holds 969 sq.km of exploration tenure and has an extensive target corridor for rare earth element mineralisation.

ADVANCING BREAKTHROUGH DISCOVERY

LARGE TENEMENT HOLDING

First mover with significant discovery opportunities from 1,676 sq.km of tenure in the Gascoyne and Ashburton provinces

Greenfields high grade rare earth element discovery.

RARE GROWTH OPPORTUNITY

EXPERIENCED LEADERSHIP

Strong background in metals exploration, project development and mining operations.

Highly prospective geology, valuebuliding strategy and fully funded.

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SOURCING THE SUSTAINABLE RARE EARTHS OF TOMORROW

Reach out to us for enquiries or comments.

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(08) 9481 0389 info@kingfishermining.com.au www.kingfishermining.com.au

GOLD COAST INVESTMENT SHOWCASE | JUNE 2023