Kingman hires Altar for Mohave drilling

Executive Summary

• Kingman Minerals completed a high‑resolution, drone‑based airborne magnetic survey and produced a three‑dimensional magnetic vector inversion (3‑D MVI) model that delineates northwest‑trending lineaments aligned with historic vein structures at the Mohave project.
• The company engaged Altar Drilling Inc. to execute a Phase III diamond drill program consisting of seven HQ holes (~815 m total) targeting extensions of the Southwick vein corridor near the Rosebud mine, with mobilization expected to begin around Feb. 25, 2026 pending water‑use authorization.
• The update signals progression toward drilling execution and provides investors with a detailed technical framework for upcoming exploration work.

Key Details

• Magnetic Survey: Conducted Dec 2025 using high‑resolution drone‑based airborne magnetics; data processed by Fathom Geophysics LLC.
• 3‑D MVI Model: Identifies coherent northwest‑trending magnetic lineaments that correspond to mapped vein orientations and historic workings at the Rosebud mine; model available as a 3‑D PDF on the company website.
• Drill Contractor: Altar Drilling (Tucson, AZ) selected for Phase III HQ diamond drilling.
• Phase III Program Scope: 7 HQ‑diameter drill holes, total depth ≈ 815 m (2,673 ft), designed to test southeastern and northwestern extensions of the Southwick vein corridor contiguous with historic Rosebud mine structures.
• Permitting Status: Drilling to be conducted from existing disturbances under an approved BLM notice of intent; final water‑use authorization from Arizona Department of Water Resources pending.
• Mobilization Timeline: Planned to start immediately after receipt of water‑use permit; drilling expected to commence on or about Feb 25, 2026.
• Core Handling: Core will be logged, sampled, and processed by the technical team; samples to be sent to Skyline Assayers Inc. for analysis.
• Qualified Person: Technical information reviewed and approved by Brad Peek, MSc, CPG (NI 43‑101 qualified person).

Notable Quotes

“With the drill permits in hand, the 3‑D MVI interpretation complete and the drill contractor engaged, the next steps are mobilization and drilling. Mobilization is planned to commence immediately following receipt of final water‑use authorization… drilling is expected to begin on or about Feb. 25.” – Simon Studer, interim CEO, President & Director, Kingman Minerals Ltd.