77 Holes Drilled at Marble Bar; 13,326 Soil Samples Collected at Higginsville

Exploration Milestones Achieved

Kali Metals Limited (ASX, KM1) has closed out 2025 with significant progress on two key fronts, its maiden drilling program at the Marble Bar Gold Project and an extensive soil sampling campaign at the Higginsville Lithium Project. Both initiatives mark important steps in advancing the company’s exploration portfolio in Western Australia’s highly prospective mineral belts.

The maiden reverse circulation (RC) drilling at Marble Bar comprised 77 holes totalling 1,086 metres, targeting shallow, flat-lying gold mineralisation across three prospects; Tiger, Churchill, and Sherman. This drilling represents the first-ever gold drilling undertaken by Kali at Marble Bar, following encouraging surface mapping and rock-chip sampling that identified a cumulative strike length of approximately 3 kilometres with gold grades averaging 2.2 grams per tonne and peak values up to 87.9 g/t at Sherman.

Lithium Soil Sampling Expansion

Meanwhile, at Higginsville, Kali completed a large-scale soil sampling program covering roughly 150 square kilometres, collecting 13,326 samples. This survey is one of the most comprehensive lithium-focused soil programs conducted in the region to date. The campaign was designed using an integrated approach combining geophysics, geochemistry, and in-house 3D geological modelling to identify drill-ready lithium targets, particularly focusing on LCT pegmatite mineralisation known to host lithium deposits.

Both projects are strategically located near established mining operations and advanced development projects, positioning Kali to leverage regional infrastructure and geological knowledge. The Higginsville Lithium Project lies close to operating mines such as Mt Marion and Bald Hill, while Marble Bar is situated near the historic gold mining centre of Marble Bar and the active Klondyke Gold Project.

Financial and Corporate Position

Financially, Kali Metals reported a robust cash position of $3.07 million at the end of December 2025, with no debt on its balance sheet. The company’s expenditure on exploration was slightly below prospectus estimates, primarily due to the postponement of some planned drilling activities. Operational costs, including staff and administration, remained in line with projections.

The company held its Annual General Meeting in November 2025, where all resolutions were passed, reflecting shareholder support for its strategic direction. Kali also confirmed payments to related parties, including directors’ fees and executive remuneration, consistent with prior disclosures.

Looking Ahead

The coming quarter will be pivotal as Kali awaits assay results from the Marble Bar drilling and soil geochemistry data from Higginsville. These results will be critical in assessing the scale, continuity, and grade of mineralisation and will guide follow-up exploration programs throughout 2026. Investors and analysts will be watching closely for these updates to gauge the company’s potential to delineate commercially viable resources.