Drilling Permits Pending as Killi Targets High-Grade Breccia at Mt Rawdon West

Significant New Discovery at King Louie

Killi Resources Limited (ASX, KLI) has announced the discovery of a substantial gold-copper-molybdenum geochemical anomaly hosted within a large intrusive breccia at its Mt Rawdon West Project in Queensland. The anomaly, located at the King Louie prospect, extends approximately 1,100 metres east-west and 225 metres north-south, with peak soil assay results showing 154 parts per billion (ppb) gold, 374 parts per million (ppm) copper, and 22 ppm molybdenum. These values represent multiples of the background levels, indicating a robust mineralised system.

The breccia itself exhibits signs of multiple high fluid-flow intrusive events, a geological setting often associated with significant porphyry and epithermal copper-gold deposits. The discovery is particularly noteworthy given the intense leaching and depletion observed at surface, suggesting deeper mineralisation may be preserved below.

Baloo Prospect, Defining Priority Drill Targets

Complementing the King Louie findings, Killi has refined two priority drill targets within the Baloo geochemical anomaly, the Rawdon Fault and Wonbah Shaft. The Rawdon Fault target lies at the contact between two late Triassic granodiorite intrusions and includes rafts of Carboniferous sediments caught in a regionally significant fault zone. The Wonbah Shaft target is situated along an irregular intrusive contact intersected by multiple structural features.

Infill soil sampling and ground magnetic surveys have enhanced the understanding of these targets, revealing coincident geochemical and geophysical anomalies that strengthen their prospectivity. Notably, the Allendale Lode within Baloo has been extended to approximately 1,470 metres in strike length, with rock chip samples returning up to 5.5% copper and soil assays peaking at 1,548 ppm copper and 129 ppb gold.

Next Steps and Funding Position

Killi Resources plans to recommence field activities focused on the King Louie Breccia area in March 2026, weather permitting. Efforts to secure access and drilling permits for King Louie and the Baloo targets are underway, reflecting the company’s commitment to advancing these high-priority prospects towards drilling.

The company is well-positioned financially, holding $1.28 million in cash and approximately $500,000 in liquid investments, providing a solid foundation to support upcoming exploration phases. While no drilling has yet been conducted at Mt Rawdon West, the extensive surface sampling and geophysical data provide a compelling case for the potential scale and quality of mineralisation.

Strategic Context and Exploration Model

The Mt Rawdon West Project is strategically located near Evolution Mining’s Mt Rawdon Gold Mine and SolGold’s Mt Perry Project, within a mineral-rich corridor in Queensland. The exploration model targets porphyry and epithermal copper-gold systems, supported by the presence of molybdenum and pathfinder elements such as lead and zinc on the anomaly peripheries.

Killi’s methodical approach, combining detailed geochemical sampling with ground magnetics, has successfully delineated multiple targets that warrant drilling. The discovery of the King Louie breccia anomaly adds a new dimension to the project’s prospectivity, potentially unlocking a significant mineralised system in a historically underexplored region.