Kali Metals has identified a new high-grade gold prospect at its Marble Bar Project, extending the gold strike length to 3km, while maintaining a robust cash balance of A$5.13 million following a recent capital raise.
- Discovery of Churchill Gold Prospect extends Marble Bar gold strike to ~3km
- Strong rock-chip gold grades at Tiger, Sherman, and Churchill prospects
- Heritage clearance secured, enabling first-ever drilling program
- Expanded soil sampling underway at Higginsville Lithium Project
- Completed A$1.2 million placement, ending quarter debt-free with A$5.13 million cash
Exploration Breakthrough at Marble Bar
Kali Metals Limited (ASX, KM1) has reported a significant milestone in its September 2025 quarterly activities, unveiling a new high-grade gold discovery at the Marble Bar Project in Western Australia's Pilbara region. The newly identified Churchill Gold Prospect, strategically positioned between the previously known Tiger and Sherman prospects, extends the cumulative gold-bearing strike length to approximately 3 kilometres.
Rock-chip sampling results from the three prospects underscore the project's potential, with grades reaching up to 87.9 grams per tonne at Sherman, 28.4 grams per tonne at Churchill, and 19.2 grams per tonne at Tiger. These encouraging figures highlight the prospectivity of the area and set the stage for Kali's inaugural drilling campaign, now possible following the securing of heritage clearances.
Advancing Towards Drilling and Further Exploration
With reconnaissance activities complete and heritage approvals in place, Kali is progressing towards its first-ever drilling program across the Marble Bar gold prospects. Preparations include access track and drill pad construction, alongside a drone magnetic survey over newly granted tenements to refine target areas. The company’s exploration strategy is focused on delineating mineralisation continuity and expanding the known gold zones, with drilling expected to provide critical data on resource potential.
Lithium Exploration Expands at Higginsville
Parallel to its gold efforts, Kali has ramped up exploration at the Higginsville Lithium Project, located in a region rich with lithium-bearing pegmatites. The soil sampling program, initially planned for around 7,400 samples, has been expanded to over 10,000 samples covering approximately 150 square kilometres. This extensive campaign aims to generate new drill-ready lithium targets, with results anticipated by the end of October 2025.
Strong Financial Position Supports Growth
Financially, Kali Metals concluded the quarter with a solid cash position of A$5.13 million, bolstered by a successful A$1.2 million capital raising through a placement to institutional and sophisticated investors. The company remains debt-free, providing a stable platform to fund ongoing exploration and development activities. Corporate updates include the appointment of Silfia Morton as Company Secretary, reinforcing the management team ahead of the upcoming Annual General Meeting scheduled for November 12, 2025.
Overall, Kali Metals is advancing its dual-commodity strategy with promising gold discoveries and expanded lithium exploration, positioning itself as a notable player in Western Australia's resource sector.
Bottom Line?
Kali Metals’ upcoming drilling results at Marble Bar will be pivotal in defining the scale and quality of its gold resources, setting the tone for its next growth phase.
Questions in the middle?
- How will the first drilling results at Marble Bar influence Kali Metals’ resource estimates and valuation?
- What are the prospects for converting the extensive lithium soil sampling at Higginsville into viable drill targets?
- How might Kali Metals balance its dual focus on gold and lithium exploration in terms of capital allocation and strategic priorities?