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Kingfisher Mining Ltd. ( (AU:KFM) ) has provided an announcement.
Dreadnought Resources has completed the strategic acquisition of 12 tenements at Mangaroon in Western Australia’s Gascoyne region, consolidating its landholding around the Gifford Creek Carbonatite Complex. The deal was settled through the issue of about 82.6 million shares, with roughly half subject to escrow until March 2027, and significantly expands the company’s exposure to critical minerals.
The newly acquired ground hosts approximately 20 kilometres of mapped high-grade rare earth mineralisation in carbonatite dykes and veins, adding scale and potential to what the company describes as a globally significant complex. In addition, the tenements cover about 54 strike kilometres of the Chalba Shear Zone, bringing strong tungsten, copper and gold potential and reinforcing Dreadnought’s ambition to develop a long-life, multi-mineral resource base exceeding 50 million tonnes with substantial exploration upside.
The most recent analyst rating on (AU:KFM) stock is a Sell with a A$0.08 price target. To see the full list of analyst forecasts on Kingfisher Mining Ltd. stock, see the AU:KFM Stock Forecast page.
More about Kingfisher Mining Ltd.
Dreadnought Resources Ltd is an Australian exploration company focused on critical minerals in Western Australia, particularly in the Gascoyne region. The company targets rare earth elements hosted in carbonatite complexes, as well as tungsten, copper, and gold, aiming to build multi-commodity resource scale in a tier-one mining jurisdiction.
Average Trading Volume: 123,312
Technical Sentiment Signal: Buy
Current Market Cap: A$8.22M
Learn more about KFM stock on TipRanks’ Stock Analysis page.