Kingfisher Mining Ltd (ASX:KFM) CEO James Farrell tells Proactive the company has confirmed four new high-grade rare earth element (REE) discoveries at its Mick Well Project in Western Australia’s Gascoyne Province. With more than 13.5 kilometres of mineralised strike identified so far, the company continues to receive encouraging results. More than 75% of samples have returned greater than 1% total rare earth oxides (TREO) and a peak value of 26.5% TREO and 4.6% neodymium and praseodymium oxide. A highlight is the presence of strongly mineralised ferrocarbonatite associated with the southeastern pipe target with up to 6.5% TREO.
“We are delighted with the latest discoveries that confirm the significant upside potential of the large-scale 7-kilometre by 4-kilometre carbonatite complex at Mick Well,” Farrell said. “Our work in the area is continuing to expand this very large high-grade REE opportunity and we anticipate we will be announcing further high-grade discoveries before year’s end.”
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