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Kingfisher Mining Ltd (ASX:KFM)

ALERT: Price-sensitive ASX Announcement for KFM
Current share price for KFM : $0.080 0.014 (21.21%)+
Announcement
Release
31 Jul 2025 8:28AM
Price at Release
$0.066
Full Release
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Summary
Kingfisher Mining Ltd (ASX: KFM) released its Quarterly Activities and Appendix 5B Cash Flow Report for the quarter ending 31 March 2023. The report highlights significant progress in the company's exploration activities at its Gascoyne rare earth elements (REE) projects in Western Australia, including completion of RC drilling at the MW2 prospect, ongoing exploration across the broader project area, and positive results from rock chip sampling. The company also outlines its engagement with government approvals and planning for further drilling, while the cash flow report details expenditure on exploration, administration, and corporate activities for the quarter. The company remains well-funded for ongoing exploration programs, ending the quarter with a strong cash balance and no substantial changes in share structure.
Key Points
  • Completion of RC drilling at MW2 prospect intersecting high-grade rare earth mineralization
  • Ongoing exploration and mapping at new and existing targets within the Gascoyne projects
  • Positive rock chip sampling results confirming additional mineralized trends
  • Engagement with government authorities for permitting and approvals for future drilling
  • Detailed planning underway for subsequent drilling programs at key prospects
  • Quarterly cash flow report shows significant investment in exploration activities
  • No substantial changes to share structure or related party transactions during the quarter
  • Strong cash position at the end of the quarter, supporting future exploration work
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.