Killi Resources Reports $167K Exploration Spend, $1.28M Cash, Assays Due Feb 2026
Killi Resources has intensified exploration at its Mt Rawdon West and West Tanami projects, with detailed soil and rock sampling underway and assay results expected soon. The company remains well-funded to pursue its copper and gold ambitions in Australia’s underexplored mineral provinces.
- Extensive soil and rock-chip sampling at Baloo and King Louie prospects
- Ground magnetic surveys refine drill targets at Mt Rawdon West
- Gold Fields progressing regional soil sampling at West Tanami JV
- Assay results anticipated in February 2026
- Strong cash position with A$1.28 million at quarter end
Exploration Momentum at Mt Rawdon West
Killi Resources Limited (ASX, KLI) has reported steady progress in its copper and gold exploration activities for the December 2025 quarter, focusing primarily on its flagship Mt Rawdon West Project in Queensland. The company has concentrated efforts on delineating drill targets within two significant geochemical anomalies, the Baloo and King Louie prospects.
At Baloo, a sizeable 4km by 1.5km soil geochemical anomaly rich in copper, gold, molybdenum, and bismuth has been the focus of detailed infill soil and rock-chip sampling. Notably, the Wonbah anomaly on Baloo’s northern margin, adjacent to the historic Wonbah Molybdenum Mine, has been targeted with a comprehensive ground magnetic survey. This geophysical data, combined with geochemical results, is being used to refine priority drill targets, with assay results expected in February 2026.
King Louie Prospect Shows Promise
The King Louie prospect, characterised by a circular magnetic feature and emanating fault structures, has also undergone targeted geochemical programs. Initial reconnaissance sampling revealed elevated copper and gold levels, with infill soil and rock-chip sampling completed during the quarter. These results will further inform exploration strategies once assays are received.
West Tanami Joint Venture Advances
In Western Australia, Killi’s West Tanami Gold Project continues to benefit from the earn-in agreement with Gold Fields Limited. Gold Fields has conducted extensive regional soil sampling across the 75km by 50km project area, alongside airborne geophysical surveys completed in previous quarters. The data is currently under assessment to identify targets for detailed infill sampling and potential drilling in the 2026 field season.
Financial Position and Corporate Updates
Killi Resources closed the quarter with a solid cash balance of A$1.28 million and investments valued at approximately A$0.5 million. Exploration expenditure for the quarter was modest at $167,000, reflecting a disciplined approach to advancing key projects. No mining or production activities were reported during the period, consistent with the company’s early-stage exploration status.
The company also disclosed details of performance rights outstanding, tied to share price milestones and continued employment, which could influence future equity structure depending on market performance.
Looking Ahead
With assay results from recent sampling campaigns expected imminently, Killi Resources is poised to refine its exploration targets further. The combination of geochemical and geophysical data at Mt Rawdon West, alongside the systematic exploration under the West Tanami JV, positions the company well to unlock value from its Australian copper and gold assets.
Bottom Line?
As assay results loom, Killi Resources’ next moves will be critical in defining its copper-gold potential and shaping investor sentiment.
Questions in the middle?
- Will the upcoming assay results confirm the high-grade mineralisation suggested by initial sampling?
- How will Gold Fields’ exploration progress influence the pace and scale of drilling at West Tanami?
- What impact could performance rights vesting have on Killi’s share structure and capital raising plans?
