# KFM: $2.25 Million Placement for Copper Blow and Regional Work Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/kfm-2-25-million-placement-for-copper-blow-and-regional-work--42f201dc-73c0-470b-9c8a-c62825a93003 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03152102 Publisher: asx Original announcement: 2026-10-13T22:29:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-13T23:47:12.488Z Atlas analysis updated: 2026-10-13T23:47:12.488Z - Company: Kingfisher Mining Limited - Ticker: KFM - Exchange: ASX - Region: Broken Hill, NSW - Primary commodity: Copper - Secondary commodities: Gold, Silver, Lead, Zinc - Document categories: Capital raise, Drill results - Extracted: 2026-10-13 23:47:13 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Kingfisher Mining has announced a $2.25 million two-tranche placement of approximately 30 million shares at $0.075 per share. The proceeds are intended to fund exploration at the Copper Blow Project and the wider Broken Hill portfolio. Reasoning: The company is raising $2.25M at a premium to secure funding for exploration, which is positive for liquidity and project advancement, though the full amount depends on a General Meeting. - Positive factor: Placement at a 5.6% premium to 15-day VWAP - Positive factor: Strong support from existing and new sophisticated investors - Positive factor: Funds specifically earmarked for priority exploration at Copper Blow - Negative factor: Tranche 2 is subject to shareholder approval Facts used in scoring: 4 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The document refers to previous drill results but does not explicitly detail the QA/QC protocols for the current placement or the historical results in this specific text. Evidence · text > Recent drilling has returned significant copper-gold intersections **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The drill results mentioned in the text are explicitly identified as being from a previous announcement dated 14 July 2026. Evidence · text > See ASX:KFM – ‘Wide High-Grade Copper-Gold Intersections at Copper Blow Extend Mineralisation’ 14 July 2026 ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Drill Results (4) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/kfm-2-25-million-placement-for-copper-blow-and-regional-work--42f201dc-73c0-470b-9c8a-c62825a93003#fact-drill-facts-0) Copper Blow · copper Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Copper Blow - Commodity: copper - Region: broken hill, nsw - Reported Region: broken hill, nsw - Ticker: KFM #### Geometry - Grade: 2.57 - Grade Unit: % - Intercept: 26 m - From: 73 m - To: 99 m - Intercept Depth: 73 m #### Classification - Sample Type: drill - Group ID: Copper\_Blow:73-99 #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-07-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Strong copper grade reported in a historical intercept. - Positive factor: High grade copper intercept Evidence · text > 26m @ 2.57% Cu #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/kfm-2-25-million-placement-for-copper-blow-and-regional-work--42f201dc-73c0-470b-9c8a-c62825a93003#fact-drill-facts-1) Copper Blow · gold Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Copper Blow - Commodity: gold - Region: broken hill, nsw - Reported Region: broken hill, nsw - Ticker: KFM #### Geometry - Grade: 0.75 - Grade Unit: g/t - Intercept: 26 m - From: 73 m - To: 99 m - Intercept Depth: 73 m #### Classification - Sample Type: drill - Group ID: Copper\_Blow:73-99 #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-07-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Gold grade accompanies the high-grade copper intercept. - Positive factor: Gold present in copper intercept Evidence · text > 0.75g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/kfm-2-25-million-placement-for-copper-blow-and-regional-work--42f201dc-73c0-470b-9c8a-c62825a93003#fact-drill-facts-2) Copper Blow · copper Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Copper Blow - Commodity: copper - Region: broken hill, nsw - Reported Region: broken hill, nsw - Ticker: KFM #### Geometry - Grade: 4.07 - Grade Unit: % - Intercept: 13 m - From: 75 m - To: 88 m - Intercept Depth: 75 m #### Classification - Sample Type: drill - Group ID: Copper\_Blow:75-88 #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-07-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Exceptional copper grade within the larger intercept. - Positive factor: Very high grade copper sub-interval Evidence · text > 13m @ 4.07% Cu #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/kfm-2-25-million-placement-for-copper-blow-and-regional-work--42f201dc-73c0-470b-9c8a-c62825a93003#fact-drill-facts-3) Copper Blow · gold Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Copper Blow - Commodity: gold - Region: broken hill, nsw - Reported Region: broken hill, nsw - Ticker: KFM #### Geometry - Grade: 1.2 - Grade Unit: g/t - Intercept: 13 m - From: 75 m - To: 88 m - Intercept Depth: 75 m #### Classification - Sample Type: drill - Group ID: Copper\_Blow:75-88 #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-07-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Gold grade accompanies the high-grade copper sub-interval. - Positive factor: High grade gold sub-interval Evidence · text > 1.20g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.