Kingfisher Mining (ASX:KFM) have confirmed high-grade lead-zinc-silver mineralisation at Allendale, around 40km north of Broken Hill, with fresh RC drilling building on a strong historical dataset.
High grade from shallow to depth
The standout hole returned:
- 9m @ 8.05% Pb+Zn and 17.9g/t Ag from 64m
- Including 5m @ 10.37% Pb+Zn and 23.2g/t Ag
- Plus 4m @ 6.12% Pb+Zn and 22.7g/t Ag deeper in the same hole
Another hole hit 2m @ 5.63% Pb+Zn and 41.5g/t Ag from 53m, including 1m @ 9.51% Pb+Zn and 61g/t Ag.
Importantly, mineralisation has now been demonstrated from near surface through to depth and remains open for further extension.
Broken Hill infrastructure enters the picture
That is where the broader strategy gets interesting.
Kingfisher Mining already has a Mining and Processing Agreement with Broken Hill Mines (ASX:BHM), which provides a framework to evaluate potential future processing through existing infrastructure in the Broken Hill region.
It does not guarantee a development outcome, but it gives Kingfisher a potential alternative to building a standalone plant if Allendale proves sufficient scale, continuity and metallurgy.
Managing Director Chris Bittar said the agreement could support a faster, lower-capex pathway if the project advances.
Figure 1: Cross Section 6503140N.
More than one Broken Hill target
Allendale also broadens Kingfisher beyond its flagship Copper Blow copper-gold project.
The company is now building a regional pipeline across Copper Blow, Allendale and Stephens Trig, giving it exposure to both copper-gold and silver-lead-zinc systems across the district.
What’s next
Kingfisher Mining will now integrate the new Allendale results into its geological model, assess continuity and scale, and define the next phase of exploration.
At the same time, Copper Blow is moving toward more drilling, metallurgy and a maiden resource estimate.
The grades have been confirmed, now the question is whether Allendale can grow into something that makes regional infrastructure genuinely useful.
