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An announcement from Kingfisher Mining Ltd. ( (AU:KFM) ) is now available.
Kingfisher Mining has completed the acquisition of a portfolio of 11 copper-gold and silver-lead-zinc tenements in New South Wales, covering 700km² across the Broken Hill, Cobar and Macquarie Arc regions, and has rapidly initiated work programs including a maiden drilling campaign at the Copper Blow IOCG prospect near Broken Hill. During the quarter, the company drilled six reverse circulation holes totalling 930 metres at Copper Blow as a precursor to a maiden mineral resource estimate, began a systematic review of high-grade historical silver-lead-zinc results at the Allendale and other West Broken Hill prospects, and engaged Terra Resources to run geophysical reviews and airborne surveys over its NSW portfolio, while concurrently reassessing its Gascoyne rare earths assets in Western Australia; it closed the period with $2.411 million in cash and listed investments, underpinning the next phase of exploration and potentially strengthening its position in key Australian metals districts.
The most recent analyst rating on (AU:KFM) stock is a Hold with a A$0.09 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.
Kingfisher Mining Limited (ASX:KFM) is an Australian exploration company focused on precious and base metals, including copper, gold, silver, lead and zinc, with key projects in New South Wales’ Broken Hill, Cobar and Macquarie Arc regions, as well as rare earth element and other mineral prospects in Western Australia’s Gascoyne Mineral Field. The company’s strategy centres on building a diversified pipeline of early-stage to advanced exploration assets targeting iron oxide copper-gold systems and high-grade silver-lead-zinc deposits.
Average Trading Volume: 146,204
Technical Sentiment Signal: Buy
Current Market Cap: A$9.57M
For an in-depth examination of KFM stock, go to TipRanks’ Overview page.