KM1 - Kali Metals

[System]

Kali Metals Limited (KM1) is a lithium focused exploration company which, upon listing on the ASX, will have rights to explore for lithium across multiple projects in Australia, primarily in the Pilbara and Eastern Yilgarn regions in Western Australia but also the Lachlan Fold Belt in Northern-eastern Victoria and Southern New South Wales.

Following its ASX listing, the Company will have an interest in the following projects:

(a) the DOM's Hill Project and Marble Bar Project (subject to completion of the Tenement Sale Agreement with Kalamazoo) and Pear Creek Project (currently held by the Company) located in the Pilbara region of Western Australia, including title and all exploration rights. Kalamazoo will also assign its interests in the SQM Earn-in Agreement, which operates in respect of the DOM’s Hill and Marble Bar Projects, to the Company;

(b) the Higginsville Lithium Rights at the Higginsville Project tenements held by the Karora Group (subject to completion of the Share Sale Agreement and Mineral Rights Agreements with the Karora Group) located in the Eastern Yilgarn region of Western Australia; and

(c) the Jingellic Project and Tallangatta Project located in southern New South Wales and north-eastern Victoria, respectively (currently held by the Company), including the option to earn a 100% interest in the MEG Lithium Rights at EL8958 (held by MEG) pursuant to a term sheet with MEG, located adjacent to the Jingellic Project.

It is anticipated that KM1 will list on the ASX during January 2024.

Kali Metals – Power the green energy transition

kalimetals.com.au

 

[Dona Ferentes]

Listing date	04 January 2024 ; 12:00 PM AEDT ##
Company contact	https://www.kalimetals.com.au/ Ph: 61 8 6424 8880
Principal Activities	Exploration
Issue Price	AUD0.25
Issue Type	Ordinary Fully Paid Shares
Security code	KM1
Capital to be Raised	$15,000,000
Expected offer close date	08 December 2023
Underwriter	Not underwritten, Bell Potter Securities Limited and Canaccord Genuity (Australia) Limited(Joint lead managers).

 

[Dona Ferentes]

listed today


and a jolly profit for a much hyped IPO
.
usual suspects:
The company’s backers include Mineral Resources’ managing director Chris Ellison, as well as West Australian billionaire Tim Roberts, and Navitas education company co-founder Rod Jones.

Mr Ellison piled into Kali through his private company Wabelo, emerging with a 4.86 per cent stake. He is the third-biggest shareholder behind Kalamazoo Resources (22.1 per cent) and Karora Resources (20.2 per cent), which combined to spin out Kali.

... 25c next month?

 

[peter2]

My thoughts exactly. Will the shorts attack this one?

 

[rcw1]

Good morning
It has been reported today (10/01/24) Mineral Resources has bought up a 9.97 per cent stake in Kali Metals, this is separate to Chris Ellison’s 4.85 per cent stake, which is held through his private company Wabelo.

Have a very nice day, today.

Kind regards
rcw1

 

[Rabbithop]

My thoughts exactly. Will the shorts attack this one?

Likely.

 

[peter2]

Looks like I don't get it. Buyers are scrambling to buy this lithium wannabe, but selling this profitable lithium producer (PLS).

 

[Rabbithop]

Me too, don't understand it, But could it be...
KL1 price is below $1 while PLS is at $3 plus.
Affordable to make a quick profit cos of the news circulating by gurus.
PLS is a favorite with the shortees. I rather have PLS awaiting for shortees to move on

 

[Boggo]

Looks like I don't get it. Buyers are scrambling to buy this lithium wannabe, but selling this profitable lithium producer (PLS).

Australian super has been buying PLS and holding the price up just below $4.
Now that they have finished the shorters who have been patiently waiting and are now having a go imo.

 

[Dona Ferentes]

now listed for 4 days. Is that it?
.

 

[Chipp]

KM1 came up on a scan , still plenty cash . with this current slump EV value getting to a nice point . Deeper dive on weekend to get some Pros and Cons

 

[Dona Ferentes]

KM1 came up on a scan , still plenty cash . with this current slump EV value getting to a nice point .

used to be, a while ago, a headline like this and the SP would race off. Not any longer, down today and now 23c

Spodumene-bearing pegmatites
confirmed at Jingellic Project​

Highlights
• Kali Metals has received rock chip assay results confirming lithium mineralisation from pegmatites located within the Jingellic Project, part of the Company’s Lachlan Fold Belt portfolio of assets in NSW
• X-Ray Diffraction analysis of rock chip samples from the “Giant Pegmatite” prospect confirm Spodumene as the dominant lithium-bearing mineral phase (up to 18 wt% coincident with assay results up to 1.54% Li2O)
• A ~50km2 LiDAR survey completed over the Sweetwater Creek prospect area has identified previously unknown pegmatite dykes
• Rock chip samples from the newly identified “BFG Pegmatite” prospect contain elevated lithium, fractionation trends and pathfinder elements consistent with lithium-caesium-tantalum pegmatites
• Encouraging historical rock chip sample assays reported for tin mine workings located within the Sweetwater Creek Prospect. These results are subject to further investigation and verification by the Company
• A detailed grid soil geochemistry sampling program was recently completed across the Sweetwater Creek prospect area
• NSW government approvals received to conduct exploration activities within the Woomargama and Mullengandra State Conservation Areas, both host prospective pegmatite dyke occurrences
• Results from the first reconnaissance drill program at the Spargoville Project, within the Higginsville Lithium District are being collated and analysed, with an expected announcement in July

 

[Chipp]

Rock chips are a nothing ann tbh although i must agree a year ago would have lit a fire under SP for at least a day