Kingfisher Mining spots a 6-pack of large-scale carbonatite REE targets at Arthur River

Around 12km of strike has been added to Kingfisher’s Lockier Target corridor, which features several circular magnetic and thorium responses, interpreted to be linked with the intrusion of carbonatites.

The Lockier Target corridor, in the Gascoyne Mineral Field of Western Australia, also hosts Kingfisher Mining’s (ASX:KFM) Mooloo project target zone – taking the company’s target corridor to a total strike length of 30km.

This significantly adds to the already extensive 54km Chalba target corridor which hosts the MW2 discovery.

A recent tenement-scale magnetics and radiometrics airborne geophysics surveys have identified six large-scale and high priority target areas with tens of other discrete magnetic features with geophysical signatures similar to other known carbonatite intrusions globally and within the region.

Geological mapping has also delineated strike lengths of more than 5km of outcropping high-grade Rare-Earth Elements (REE) mineralisation, where drilling has returned results of 5m at 3.45% TREO (Total Rare Earth Oxides), including 3m at 5.21% TREO at MW2.

Largest geophysical feature identified so far

KFM executive director and CEO James Farrell says these tenement-scale surveys have once again led to the identification of more quality carbonatite targets.

“This includes a truly exceptional target which extends for over 9km and consists of numerous circular magnetic and thorium features which we interpret to be associated with carbonatite pipes and dykes,” he explains.

“This is the most significant and largest geophysical feature we have identified so far, adding significantly to an already impressive pipeline of geophysical targets and zones of outcropping high-grade mineralisation.”

‘Excited’ to see prospectivity of region grow

After announcing a series of new targets along the Chalba mineralised corridor, Farrell says Kingfisher is beginning to see similar high-quality targets emerging along the Lockier Corridor.

“We are amazed that these two mineralised corridors, extending over a total of 80 kilometres, have never before been identified for carbonatites and REE mineralisation,” he says.

“We are extremely excited as to the prospective opportunities ahead of us as we progress our exploration in this emerging region.”

What’s next?

A review of historical exploration data is already underway with new targets being ranked and included in the Company’s exploration activities for 2023.

It is envisaged exploration activities will include drilling at MW2, MW7, MW8 as well as substantial project generation work at the CH1 to CH10 targets along the Chalba target corridor and the LK1 to LK7 targets along the Lockier target.

The 2023 exploration activities are also likely to include airborne geophysics across the Mooloo project.

This article was developed in collaboration with Kingfisher Mining, 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.