Killi Reports High-Grade 9.35g/t Au and 3.7% Cu at Kaa Prospect

Exploration Momentum at Mt Rawdon West

Killi Resources Limited (ASX: KLI) has reported robust progress in its March 2025 quarterly activities, focusing on the Mt Rawdon West Project in Queensland. The company continues to delineate a large, multi-phase gold-copper-silver mineralised system, with two standout prospects, Baloo and Kaa, emerging as key targets for further exploration.

The Baloo prospect is anchored by a substantial 2.4km by 1.7km copper-gold soil and rock chip anomaly, which aligns with a significant induced polarisation (IP) chargeability high geophysical anomaly. This combination suggests the presence of a blind intrusive system at depth, a hallmark of potentially large porphyry copper-gold deposits. Killi is preparing targeted drilling to test this system in the second quarter of 2025.

Meanwhile, the adjacent Kaa prospect has delivered impressive high-grade surface rock chip assays, including exceptional values such as 238g/t gold, 2.1% copper, and 513g/t silver. Drilling beneath these surface anomalies has intersected strong alteration zones with visible copper mineralisation, reinforcing the prospect’s potential for a significant epithermal gold-silver-copper system. The company is expanding reconnaissance exploration east and southeast of Kaa to explore extensions of this mineralisation along favourable structural trends.

West Tanami Joint Venture Advances

In Western Australia, Killi’s West Tanami Project, held under a joint venture with Gold Fields Limited, is progressing steadily. Gold Fields completed an extensive airborne gravity survey over the 1,600km² tenure during the quarter, with data now under evaluation. Further geophysical surveys and a regional soil geochemical program are planned for the coming quarters, setting the stage for a drill campaign anticipated in late 2025. This JV arrangement leverages Gold Fields’ expertise and funding capacity, positioning the project for systematic exploration in a highly prospective gold belt.

Financial and Corporate Developments

Killi Resources ended the quarter with a cash balance of $1.82 million, having spent $83,000 on exploration activities primarily focused on surface geochemistry and geophysics at Baloo. The company remains well-funded to advance its generative exploration programs. On the corporate front, the board welcomed the appointment of Mr Paul L’Herpiniere as a non-executive director, while CEO Kathryn Cutler will take extended leave from the end of May 2025. Brett Smith has been appointed interim CEO, ensuring continuity in leadership during this transition.

These developments underscore Killi’s commitment to advancing its flagship projects while maintaining strong governance and operational momentum. The company’s exploration strategy is clearly focused on expanding the footprint of mineralisation at Mt Rawdon West and progressing the West Tanami JV with Gold Fields, both of which hold significant potential to deliver value for shareholders.

Looking Ahead

With planned drilling at Baloo and expanded surface exploration around Kaa, Killi is poised to unlock further insights into the scale and grade of its Queensland assets. Concurrently, the West Tanami JV’s upcoming drill program could provide critical data points in one of Australia’s most prolific gold provinces. Investors will be watching closely for assay results and exploration updates that could validate the early promise demonstrated in these projects.