KLI - Killi Resources

[System]

Killi Resources Limited, through its fully owned subsidiaries, holds a 100% legal and equitable interest in the following projects:

(a) the West Tanami Project consists of four granted Exploration Licenses covering 1,634 km2 west of the WA/NT border in a relatively underexplored yet well mineralised gold province.; and

(b) the Ravenswood North Project consists of five granted exploration permits for minerals in the Charters Towers/Ravenswood region of Queensland and is prospective for Devonian to Permian aged intrusion related gold deposits. The Ravenswood North Project is subject to an Option and Joint Venture Agreement;

(c) Mt Rawdon West Project comprises one exploration permit for minerals covering 292 km2 located nearthe Mt Perry project and Mt Rawdon Gold Mine in Queensland; and

(d) the Balfour Project comprises one exploration license covering 350 km2 and is prospective for base metals associated with the rift boundary in the Pilbara region. The project is located approximately 125 km northeast of Newman in the Pilbara region of Western Australia.

Following completion of its IPO, the Company’s proposed business model will be to further explore and develop the above projects.

It is anticipated that KLI will list on the ASX during January 2022.

Gold, Copper and Rare Earths explorer - Killi Website

www.killi.com.au

 

[Dona Ferentes]

Listing date	20 Januray 2022 12:30 PM AEDT ##
Company contact details	https://www.killi.com.au/ Ph: +61 8 9322 7600
Principal Activities	Mining exploration
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	KLI
Capital to be Raised	$6,000,000
Expected offer close date	17 December 2021
Underwriter	Not underwritten. Canaccord Genuity (Australia) Limited (Lead Manager).

 

[Dona Ferentes]

a few weeks late in listing, but has started with a nice kick, one for the stags ........ opened 2 days ago at 50c and has been between 40c and 52c

 

[Sean K]

Another copper and gold explorer who suddenly has identified REE on their land...

Maybe they knew it might have been there, but sheesh.

 

[Garpal Gumnut]

Thanks @Sean K for reminding me. I meant to watch this little piglet today, but nearly forgot.

I'll let you carry "the gun" today for that.

gg

 

[bk1]

Maybe they knew it might have been there

An expectation that it will perform like PVW...?
I don't think they are looking for gold on those tenements.

 

[Sean K]

An expectation that it will perform like PVW...?
I don't think they are looking for gold on those tenements.

Maybe they'll find some lithium too.

 

[Stockbailx]

Early days yet, but Killi Resources have just started their exploration project. The campaign to explore the potential gold and rare earth mineralisation. I notice that earlier in thread on the 14th FEB Sean K showed the announced a substantial strike of Rare Earth in the West Tanami.
My pick for the April comp. Don't expect it to win, but with interest I watch closely...

 

[Dona Ferentes]

Drifted from view , and for a sensible reason, too. Down to 8c from the 50c IPO a year ago.

.... Now back to Copper. ... And in an unlikely spot, the prolific gold belt (but not Cu, until now) in the Tanami

Magmatic copper sulphide mineralisation confirmed in assays at Fox
(West Tanami Project, Western Australia - 100% owned)
• Diamond drill hole assays confirm copper sulphide mineralisation within magmatic rocks at Fox prospect, with peak values of 2,730ppm Cu.
• The first confirmed record of copper mineralisation within mafics of the Tanami region.
• Proterozoic rocks identified at Fox, which are host to multiple nickel-copper sulphide deposits in Western Australia.
• The region remains underexplored for magmatic sulphide potential, as it has never been a focus for previous explorers.

Since listing, it's been s steady drift down. Market cap is just over $2 mill. Going to need some more cash to find these sorts of projects

 

[Dona Ferentes]

While millions of ounces of gold have been extracted in the Tanami, this is the first confirmed result of magmatic copper sulphide mineralisation in the district, recorded in a deep hole drilled as part of the WA Government’s Exploration Incentive Scheme.

"The discovery of a copper mineralised magmatic system in the Tanami is the first of its kind within the region,” Killi CEO Kathryn Cutler said.

“This result highlights the potential for magmatic sulphide systems at the project, which could host Ni-Cu-Co deposits.

“Magmatic units within the Tanami region are particularly underexplored, with no recorded cases of copper mineralisation currently on file, until now.

“These rocks were formed in the Proterozoic period, with multiple Ni-Cu-Co sulphide deposits in Western Australia of a similar age, such as Nova-Bollinger and Nebo-Babel. Mineral exploration at these truly remote greenfield projects leverages the company to unique opportunities, like this, which includes the discovery of a new commodity in a known province."
.....
Killi says that based on its current understanding and research a geophysical electromagnetic or gravity survey will be the best method to generate potential sulphide targets for drill testing in the upcoming field season.

Samples will also be analysed for PGEs platinum and palladium to build a full picture of the mafic potential.

It is also planning to test gold and rare earths targets generated from soil and aircore programs in 2022.

.....early days

 

[Faramir]

I am choosing KLI for Nov 2023 Tipping Comp.

I don’t know why.

 

[Dona Ferentes]

and a bit of renewed interest in KLI, coming from recent torpor. Still in Tanami and Qld prospects, but not too many surface rocks turned over, let alone drilling.

.

EXPLORATION FOCUS
• Exploration to recommence in May/June 2024 at Baloo & Kaa
• Strong exploration pipeline at Copper-Gold targets
• IP Survey planned to generate drill targets
• Maiden drill campaign to follow
• Possible acquisition of Canadian copper-gold Project

 

[Dona Ferentes]

I am choosing KLI for Nov 2023 Tipping Comp.

8 months early
.

.
Confirmed high-grade gold-copper structure
Mt Rawdon West Project, Qld
• Assays indicate a new epithermal gold system at Kaa target, exposed at surface.
• Multiple high-grade Au-Cu rock chips including an outstanding 238g/t Au and 5.4% Cu.
• Results extend the current mineralisation over 1.8km and remains open along strike.
• Exploration field programs continue with surface mapping and an IP survey currently underway.
• A maiden drill program will follow the IP Survey.

 

[Dona Ferentes]

$0.030
.....still poking around Tanami

Exploration Update for the West Tanami Project ​

- The West Tanami Project is currently 100% owned by Killi Resources, with Gold Fields earning into the Project via an option to acquire an 85% interest by spending $13m on exploration.
- Gold Fields has met the initial $2m spend commitment well ahead of schedule.
- Active exploration at the Project commenced in November 2024:
o New geophysical surveys identified areas of interest supporting historical results and have facilitated immediate work, including additional geophysics and a project-scale geochemical sampling program.
- An initial soil sampling survey commencing in August is expected to be completed by early October 2025, with assays and interpretations due Q1 2026.
- Current exploration is geared towards drill-testing defined priority targets.

 

[Dona Ferentes]

QUARTERLY HIGHLIGHTS
- Killi’s exploration activities at the Mt Rawdon West Project in Queensland have included:
o Ongoing assessment of exploration conducted to date at the Baloo prospect’s large multielement geochemical anomaly, where the Company expects to define priority targets for drilling in Q3/Q4 2025; and
o Reconnaissance surface geochemical sampling at the recently identified King Louie prospect, with results to be released in the coming weeks.
- Exploration by Gold Fields Limited as part of their earn-in on Killi’s West Tanami Gold Project is progressing well, with Gold Fields meeting the initial $2 million spend commitment well ahead of schedule.
o Gold Fields’ current exploration activities are geared towards drill-testing defined priority targets; they include:
- New geophysical surveys which have identified areas of interest supporting
historical results and facilitated immediate work, including additional geophysics and a project-scale geochemical sampling program; and
- An initial soil sampling survey scheduled to commence in August 2025 and expected to be concluded by early October 2025, with assays and interpretations due in early 2026.
- Killi remains well-funded to continue its exciting generative exploration activities, closing the JuneQuarter with A$1.5m.

$5 million MC