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Kingfisher Mining Ltd (ASX:KFM)

ALERT: Price-sensitive ASX Announcement for KFM
Current share price for KFM : $0.076 -0.008 (-9.52%)+
Announcement
Release
28 Apr 2026 8:19AM
Price at Release
$0.084
Full Release
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Summary
Kingfisher Mining Limited released its quarterly activities and cash flow report for the period ending on March 31, 2026. The company reported significant milestones, including the continuation of high-grade exploration at Copper Blow. Results from a drilling program confirmed substantial copper-gold mineralization. Kingfisher also entered a strategic mining and processing agreement with Broken Hill Mines, which allows leveraging of existing infrastructure to expedite project development. Additionally, Kingfisher completed the divestment of its Gascoyne Project to Dreadnought Resources, enhancing strategic focus on high-priority projects. The cash flow report indicated a cash balance of $1.718 million at the end of the quarter, with a net cash outflow from operating and investing activities.
Key Points
  • Successful drilling and exploration results at Copper Blow
  • Strategic agreement with Broken Hill Mines to use existing processing facilities
  • Completion of Gascoyne Project divestment to Dreadnought Resources
  • Cash balance of $1.718 million at the end of March 2026
  • Net cash used in operating activities was $123,000
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.