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Kingfisher Mining Ltd (ASX:KFM)

ALERT: Price-sensitive ASX Announcement for KFM
Current share price for KFM : $0.082 0.006 (7.89%)+
Announcement
Release
27 Jul 2026 8:27AM
Price at Release
$0.076
Full Release
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Summary
Kingfisher Mining Ltd reported its activities for the quarter ending June 2026, highlighting key developments in its mineral exploration projects. The company completed a drilling program at the Stephens Trig Prospect, targeting silver-lead-zinc mineralisation, and conducted further drilling at the Allendale Project. At the Copper Blow Project, significant copper-gold intercepts were recorded, enhancing its development potential. Efforts at the Wellington Copper-Gold Project focused on identifying large-scale porphyry systems. Financially, the company faced net cash outflows, primarily from exploration and evaluation expenses, while securing funds through equity securities. The closing cash balance was $1,157,000.
Key Points
  • Kingfisher Mining Ltd completed a maiden RC drilling program at the Stephens Trig Prospect with 5 holes drilled for a total of 584 metres.
  • The Allendale Drilling Program included 9 RC holes for 802 metres, targeting high-grade lead-zinc-silver mineralisation.
  • Exploration at Copper Blow Project resulted in significant copper-gold intercepts, marking it as a promising development prospect.
  • Kingfisher Mining Ltd's Wellington Copper-Gold Project is focused on identifying large-scale porphyry systems.
  • Cash flows from operating activities showed net cash outflows due to exploration and evaluation expenses.
  • Investing activities reported significant expenditures on exploration and evaluation, leading to a net cash outflow.
  • Financing activities included proceeds from equity securities with minor repayment of borrowings.
  • The company reported cash and cash equivalents of $1,157,000 at the end of the quarter.
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.