Kingfisher continues to extend the extent of rare earths mineralisation at the MW2 target within the 54km long Chalba target corridor in WA’s Gascoyne mineral field.

Surface sampling has extended MW2 mineralisation, which occurs in five parallel lodes associated with ferrocarbonatite dykes in a 300m wide zone, to a strike length of more than 2.4km.

Mineralisation remains open in all directions while notable assays results from the outcropping high grade monazite mineralisation include 30.54% total rare earth oxides (TREO) with 5.08% valuable magnet rare earths neodymium and praseodymium (NdPr), 24.04% TREO with 4.06% NdPr and 21.02% TREO with 3.58% NdPr.

And if the extension of the MW2 area wasn’t enough, Kingfisher Mining’s (ASX:KFM) geological mapping around the Mick Well area has also uncovered a new area of mineralisation with sampling returning 1.99% TREO with 0.46% NdPr – the highest NdPr ratio seen at Mick well.

Significant potential

“The latest results from MW2 highlight the significant potential of these emerging high-grade carbonatite REE zones as a regional scale discovery,” Kingfisher chief executive officer James Farrell said.

“There are strong indications that the REE mineralisation forms part of a larger carbonatite system.

“Kingfisher is uniquely positioned to build on the discovery with its tenure that covers 84km of strike along the mineralised target corridors of the Chalba and Lockier shears.

“High grade REE mineralisation has been confirmed from drilling on the Chalba and numerous large-scale carbonatite plug and dyke targets have been identified along the entire strike length of these corridors.”

The extension of MW2 mineralisation follows successful drilling returning results such as 5m at 2.63% TREO with 0.54% NdPr from a down-hole depth of 124m and 4m at 3.24% TREO and 0.54% NdPr from 46m.

Next steps

Ongoing exploration is now focused on targeting both the large-scale carbonatite intrusion plugs as well as the high-grade REE mineralisation associated with ferrocarbonatite dykes.

Field work is set to begin in March and while the details of its 2023 exploration plans will only be announced in the coming weeks, Farrell has indicated that it will include multiple drill programs along with significant on-ground work.

The likely intensity of the upcoming exploration is unsurprising given that MW2 itself is just one of numerous potential carbonatite intrusion locations within a potential ‘belt-scale play’ along the 54km Chalba target corridor.

 

 

 

This article was developed in collaboration with Kingfisher Mining (ASX:KFM), a Stockhead advertiser at the time of publishing.

 This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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