Kingfisher Mining Limited - Strategic NSW Copper-Gold-Silver-Lead-Zinc project portfolio acquisition

About this update from Kingfisher Mining Ltd.

Kingfisher Mining Limited (ASX: KFM) ('Kingfisher' or the 'Company') is pleased to announce that it has entered into a Binding Agreement with Austin Metals Ltd (ASX: AYT) (' Austin ') for the acquisition of a portfolio of early stage to advanced Copper-Gold, Gold and Silver Lead Zinc projects located in the Broken Hill, Cobar and the Macquarie Arc regions in NSW. Rights Issue In conjunction with the Placement, the Company is undertaking a pro-rata non-renounceable entitlement issue of one (1) share (New Share) for every two (2) existing shares held by eligible shareholders at an issue price of $0.04 each to raise up to approximately $1,334,300 (Rights Issue). Each subscriber will also be entitled to receive one (1) freeattaching option (exercisable at $0.10 and expiring three (3) years from the date of issue) (New Options) for every two (2) New Shares subscribed for under the Rights Issue. The Rights Issue is being made to all shareholders of the Company named on its register of members at 5:00pm (WST) on Tuesday , 12 August 2025 (Record Date), whose registered address is in Australia , New Zealand or Singapore . A total of 33,357,501 New Shares and 16,678,751 New Options will be issued pursuant to the Rights Issue (assuming no shares are issued prior to the Record Date other than the Placement Shares). Contact: Tel: +61 9481 0389 Email: [email protected] Web: www.kingfishermining.com.au Strategic Rationale Following the Company's success at the Gascoyne Rare Earths project at Mick Well, the global rare earths market has remained challenging and the Company commenced project reviews with a focus on forward facing critical metals, predominantly copper and precious metals including gold and silver. This current opportunity with its favourable entry terms and established portfolio of early stage and advanced prospects allows the Company to continue to accrete value whilst still retaining exposure to the Mick Well Rare Earth project until the market recovers. The opportunity provides stakeholders with the exposure to a range of commodities and projects that have the potential to significantly add to this existing asset base. Copper Blow copper-gold Project (EL8862 and EL8863) Broken Hill, NSW (75% KFM) The Copper Blow project is located 20km SE of the city of Broken Hill. Copper Blow is an Iron Oxide Copper Gold (IOCG) prospect which hosts high grade copper and gold mineralisation. The project is held under a Joint Venture agreement with Kingfisher as part of the transaction maintaining a 75% interest and Broken Hill Mines 25%. Austin Metals /Silver City has completed 32 drill holes for over 8,400 metres over four rounds of drilling from August 2017 to September 2018 . It includes 4,460m of reverse circulation drilling and 4,034m of core drilling. Drilling shows that copper-gold mineralisation occurs as sulphides within a magnetic ironstone, the Copper Blow Shear zone. Additional drilling was completed by Acacia Resources Ltd in 1994 and Triako Resources in 2004. Following successful drilling results, Silver City Minerals Ltd completed preliminary metallurgical sighter test work in 2018 which indicated copper recoveries of 96% in a rougher concentrate. No Mineral Resource estimate has been completed on the Copper Blow mineralisation. There is over 4.5km of prospective stratigraphy with approximately one kilometre of strike mineralisation effectively tested by Austin and earlier explorers. Mineralisation has been defined over 2 separate zones a North and a South Zone separated by a fault over 600 metres of strike. The Southern zone appears to be characterised by more discrete high grade copper gold zones whilst the north zone is characterised by broader lower grade copper gold grades. Historical shallow RAB drilling between 3 and 12m depth by Rasturn Pty Ltd in 1984 was completed on 300m spaced lines over the 4.5km. A line of deeper RC holes to a maximum depth of 108m was drilled by Triako Resources in 2004 approximately 1.2km North of the historic workings. The drilling especially the RAB is not considered to be drilled to an effective depth to test potential mineralisation given the potential plunge of the mineralisation. Wellington Copper-Gold Project (EL 8971) Macquarie Arc, NSW, 100% KFM Located in the Macquarie Arc within favourable volcanic stratigraphy, the key prospect is the Willunga prospect located 15km away from the Boda/Kaiser porphyry-copper deposits owned by Alkane, which hosts an estimated Indicated and Inferred Mineral Resource containing 8.3 Moz Au and 1.5Mt of Cu All of these prospects were explored by Placer in the late 60s with Placer defining a 1200m long copper anomaly with peak values up to 2,000 ppm copper hosted in andesite at Willunga. A continuous 50 ppm molybdenum anomaly was also defined over the eastern end of the copper anomaly and had peak values of 80ppm molybdenum. Limited surface workings were identified in mapping by Placer and no records of historic production are cited. A summary from the 1968 Placer exploration report states: 'Interest was focussed on the property by copper mineralization - mainly malachite and azurite in old gougings in the andesite. Pyrite, chalco-pyrite, chalcocite, and molybdenite are also present in smaller amounts, in most cases in quartz. A dump, however, contains appreciable molybdenite and chalcopyrite in granitic material'. A number of significant gold occurrences are present south of the tenure on the Chesney Fault which strikes into the southern part of EL8579. There are a number of faults within the tenement which are considered prospective for evaluation for gold mineralisation. These include the historic Golconda mine, with historic mines department records stating that three shafts (depths 30, 70 and 80ft) Were sunk in 1905 on 'lines of reef' which appear to parallel the cleavage, and strike at 225 to 235 magnetic. The main line of old workings 'lies in a 50m wide zone of discontinuous alteration', this is where a 50m wide up to 300m striking zone of quartz stockwork is present within chlorite altered sediments and has not been drill tested. Samples from historic dumps at Golconda graded as high as 2.5ppm Au. Limited Drilling in the north-east of the tenement is concentrated over the gold occurrences of Chesneys Folly and Tinderra Tank. The Tinderra Tank prospect was RAB drill tested by Dominion in 1993 with peak gold values of 0.83 ppm. A water bore drilled by CSA was completed in 2018 and sampled by SCI however no significant results were returned. The Golconda mine which does not appear to have been drilled and the Chesney's Folly prospect present opportunities for drill testing following further soil geochemistry and on ground assessment. Contact: Scott Huffadine Tel: +61 (08) 9481 0389 Email: [email protected] About Kingfisher Mining Limited Kingfisher Mining Limited (ASX:KFM) is a mineral exploration company committed to increasing value for shareholders through the acquisition, exploration and development of mineral resource projects throughout Australia . The Company's NSW tenure covers approximately 700km2 with a portfolio of early stage and advanced Copper-Gold and Silver-Lead-Zinc projects, over 3 proven mining districts. The Western Australian tenements cover 938km2 in the underexplored Gascoyne Mineral Field. The Company has made a number of breakthrough high grade rare earth elements discoveries in the Gascoyne region where it holds a target strike lengths of more than 54km along the Chalba mineralised corridor and more than 30km along the Lockier mineralised corridor. Forward-Looking Statements This announcement may contain forward-looking statements which involve a number of risks and uncertainties. These forward-looking statements are expressed in good faith and believed to have a reasonable basis. These statements reflect current expectations, intentions or strategies regarding the future and assumptions based on currently available information. Should one or more of the risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary from the expectations, intentions and strategies described in this announcement. No obligation is assumed to update forward looking statements if these beliefs, opinions, and estimates should change or to reflect other future developments. (C) 2025 Electronic News Publishing, source ENP Newswire

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