Kali Metals’ Drilling Plans Hinge on New Churchill Prospect Discovery

Pilbara Expansion and Exploration Success

Kali Metals Limited (ASX – KM1) has reported a robust quarter ending June 2025, marked by significant progress at its Marble Bar Gold Project in Western Australia's Pilbara region. The company strategically expanded its tenure by acquiring the Peggy Tenement, increasing its total project area to approximately 96 square kilometres. This acquisition not only consolidates Kali's footprint but also aligns with the mineralised trends previously identified at the Tiger and Sherman Prospects.

Initial and follow-up rock chip sampling campaigns have yielded impressive high-grade gold assay results. Notably, post-quarter sampling returned assays as high as 87.9 grams per tonne (g/t) gold at the Sherman Prospect, alongside multiple samples exceeding 5 g/t. These results underscore the project's potential and validate the company's shift in focus towards gold exploration within this historically prolific region.

Discovery of the Churchill Gold Prospect

Leveraging advanced geophysical techniques, including a high-resolution drone magnetic survey conducted by Pegasus Airborne Systems, Kali identified a new target zone between the Tiger and Sherman Prospects. This led to the discovery of the Churchill Gold Prospect, which has already produced rock chip assays up to 28.4 g/t gold. The addition of Churchill extends the cumulative strike length of gold-bearing outcrop to approximately 3 kilometres, a significant milestone in delineating a mineralised corridor that could underpin future resource development.

Advancing Towards Drilling and Development

With reconnaissance and heritage clearances complete, Kali is advancing plans for its maiden drilling program at Marble Bar. Preparations include designing drill targets, constructing access tracks, and establishing drilling pads. This next phase is critical for converting surface sampling success into subsurface resource definition, which will provide a clearer picture of the project's commercial viability.

Southern Lachlan Fold Belt and Corporate Position

Beyond Pilbara, Kali continues to progress its Southern Lachlan Fold Belt projects, where high-grade tin assays up to 16.7% SnO2 at the Sweetwater Prospect have prompted the company to seek drilling approvals. Financially, Kali maintains a strong position with $4.95 million in cash and no debt, reflecting prudent management of exploration expenditures and a solid foundation to support ongoing and future activities.

Overall, Kali Metals’ June quarter report highlights a company transitioning from exploration to development, with promising assay results and strategic land acquisitions positioning it well in the competitive gold exploration landscape of Western Australia.