Kingfisher Mining Limited announced that it has extended the mineralisation at MW2 yet again, with a strike length of over 2.4km. The most resent rock chip results have also returned the highest NdPr ratio we have seen thus far. Kingfisher is continuing to move along the 54km mineralised Chalba corridor targeting high grade Rare Earth Elements (REE) mineralisation.

The latest surface samples from northeast of MW2 have extended the target zone, with the mineralisation remaining open in all directions. The MW2 mineralisation occurs in five parallel lodes that are associated with ferrocarbonatite dykes which occur in a zone that is 300m wide and has now been extended to have a strike length of more than 2.4km. The latest surface sample results from the outcropping high grade monazite mineralisation include: ­ 30.54% TREO with 5.08% Nd2O3 + Pr6O11 (MWGS1610); 16.00% TREO with 2.62% Nd2O3 + Pr6O11 (MWGS1611); 24.04% TREO with 4.06% Nd2O3 + Pr6O11 (MWGS1612); 11.43% TREO with 1.77% Nd2O3 + Pr6O11 (MWGS1613); 21.02% TREO with 3.58% Nd2O3 + Pr6O11 (MWGS1614); 20.86% TREO with 3.59% Nd2O3 + Pr6O11 (MWGS1615) ­ 18.45% TREO with 3.16% Nd2O3 + Pr6O11 (MWGS1617) ­ 14.81% TREO with 2.13% Nd2O3 + Pr6O11 (MWGS1618) Geological mapping around the Mick Well area has also resulted in the discovery of mineralisation in a new area, with a surface sample returning 1.99% TREO with 0.46% Nd2O3 + Pr6O11 (MWGS1622).

This represents the highest NdPr ratio previously seen at Mick Well. The substantial strike and width of the zone at MW2 which hosts the mineralisation is highly encouraging, with on-going exploration 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 commence in March, with the Company's full exploration plans for the 2023 to be announced in the coming weeks; ahead of the field season.