• Acquisition of 11 exploration tenements covering 700 sq km in Broken Hill, Cobar and Macquarie Arc regions of NSW
• Includes high-grade copper-gold Copper Blow IOCG prospect and multiple silver-lead-zinc prospects
• Complementary to existing Gascoyne Rare Earth project

Kingfisher Mining Ltd (ASX:KFM) has entered into a binding agreement to acquire a portfolio of 11 exploration tenements covering approximately 700 square kilometres in the Broken Hill, Cobar and Macquarie Arc regions of New South Wales. The key assets include the Copper Blow IOCG prospect which hosts high-grade copper-gold mineralization, multiple silver-lead-zinc prospects around historic mining centres, the Wellington copper-gold project, and the Tindery gold project. Kingfisher will pay $200,000 cash and issue $200,000 worth of shares to acquire a 100% interest in the portfolio from vendor Austin Metals Ltd. The acquisition represents a compelling exploration opportunity, providing Kingfisher exposure to a pipeline of critical and precious metal targets in proven mining districts, complementing its existing Gascoyne Rare Earth project. Kingfisher is also undertaking a $1.85 million capital raising through a placement and rights issue to fund exploration on the new NSW projects and continued evaluation of Mick Well.

The acquisition provides Kingfisher with a strategic portfolio of copper, gold, silver, lead and zinc exploration projects in established mining regions of NSW, complementing its existing rare earth asset. The company sees significant potential to add value through further exploration and development of these new projects.