Killi’s Exploration Advances Highlight Risks and Rewards in Early-Stage Targets
Killi Resources reports promising copper and gold assay results at its Mt Rawdon West Project, while exploration advances at West Tanami under a joint venture with Gold Fields. The company maintains a solid cash position to fund ongoing work.
- Baloo prospect identified as priority drill target with peak soil assays of 602ppm Cu and 1,760ppb Au
- New mineralisation zones discovered including Allendale Lode Extension and King Louie prospect
- Gold Fields progressing exploration at West Tanami with airborne electromagnetic survey completed
- Killi ends quarter with A$1.71 million cash and investments, spending $108,000 on exploration
- Upcoming programs include infill soil sampling, ground magnetics, and LiDAR reconnaissance
Exploration Momentum at Mt Rawdon West
Killi Resources Limited (ASX, KLI) has delivered a robust quarterly update highlighting significant progress in its copper and gold exploration activities at the Mt Rawdon West Project in Queensland. The company continues to build on its recent successes, with the Baloo prospect emerging as a key focus area. This priority target hosts a substantial 2-kilometre-long copper-gold-molybdenum-bismuth soil geochemical anomaly, with peak soil assay results reaching 602 parts per million copper and 1,760 parts per billion gold. Rock chip samples have also returned encouraging grades, including 1.9% copper and 0.67 grams per tonne gold.
Recent fieldwork has refined the target zone within Baloo, revealing complex structural and geochemical features that suggest a compelling porphyry system. Historical workings, including shafts and prospecting pits, have been validated and expanded through detailed LiDAR data reprocessing, uncovering 203 historical copper-gold workings across the project area, many previously undocumented. This integration of modern geophysical techniques with traditional exploration methods underscores the project's prospectivity.
New Discoveries and Target Generation
Beyond Baloo, Killi has identified new mineralisation zones such as the Allendale Lode Extension, traced for 750 metres along strike and characterized by high-grade copper oxides and silver. Assays from this lode include copper grades up to 3.3% and silver concentrations as high as 165 grams per tonne. Additionally, the King Louie prospect, located east of the Kaa prospect, has yielded promising soil assay results with peak values of 640 parts per billion gold and 2,499 parts per million copper, indicating potential for further discoveries in this underexplored area.
These findings have set the stage for an active exploration program involving infill soil sampling at 100-metre spacing, ground magnetic surveys to delineate buried structures, and further LiDAR reconnaissance to validate additional historical workings. The company’s methodical approach aims to refine drill targets and advance the project towards the next phase of exploration.
West Tanami Joint Venture Advances
In Western Australia, exploration at the West Tanami Gold Project, operated by Gold Fields Limited under a joint venture agreement, is progressing steadily. Gold Fields has completed a comprehensive airborne electromagnetic survey covering nearly 10,000 line kilometres and a regional soil sampling program spanning the 75 by 50-kilometre project area. Results from these surveys are anticipated in the first quarter of 2026 and will guide targeted follow-up work. The joint venture structure allows Killi to leverage Gold Fields’ expertise and financial resources to systematically explore this highly prospective gold belt.
Financial Position and Corporate Developments
Killi Resources closed the quarter with a healthy cash balance of A$1.71 million, supplemented by investments valued at over A$2 million. Exploration expenditure for the period was modest at $108,000, reflecting efficient capital deployment. The company also issued 1.7 million performance rights under its employee incentive scheme, aligning management incentives with shareholder value creation. Upcoming corporate events include the Annual General Meeting scheduled for November 19, 2025.
Overall, Killi Resources is advancing its exploration pipeline with a disciplined and data-driven approach, positioning itself to unlock value from its strategically located copper and gold assets in Australia.
Bottom Line?
Killi’s methodical exploration and solid funding set the stage for potential breakthroughs at Mt Rawdon West and West Tanami in 2026.
Questions in the middle?
- When will Killi commence drilling at the Baloo prospect and what scale is planned?
- How will the upcoming assay results from West Tanami influence the joint venture’s exploration strategy?
- What impact might the issuance of performance rights have on Killi’s capital structure and shareholder dilution?
