Killi Resources has won a Queensland Government grant to co-fund drilling at its Mt Rawdon West copper-gold project, targeting a compelling porphyry system. The planned drilling aims to test significant geochemical and geophysical anomalies in the Baloo prospect.
- Queensland Government awards $275,000 CEI grant for drilling
- Drilling to test Rawdon Fault prospect with strong Cu-Au-Mo-Bi anomalies
- Two holes totaling 900 metres planned, drilling by December 2026
- Exploration delayed by severe wet season, access works pending
- King Louie Breccia identified as a secondary priority target
Government Backing Boosts Mt Rawdon West Exploration
Killi Resources Limited (ASX:KLI) has secured a significant boost for its Mt Rawdon West Project in Queensland, with the Queensland Government approving a Collaborative Exploration Initiative (CEI) grant of up to A$275,000. This funding will co-finance drilling at the Rawdon Fault prospect within the Baloo area, a site marked by promising copper, gold, molybdenum, and bismuth soil geochemical anomalies alongside supportive geophysical signatures indicative of a porphyry mineral system.
Targeting a Buried Porphyry System
The Rawdon Fault prospect stands out due to its location at the intersection of major intrusive bodies and regional structures, where a 1,400-metre-long soil anomaly exhibits peak gold assays of 1,760 parts per billion and copper levels reaching 602 parts per million. Ground magnetic surveys reveal circular magnetic highs and lows characteristic of hydrothermal porphyry systems, suggesting the potential for significant mineralisation beneath shallow transported cover.
Drilling Plans and Timing
The CEI grant supports a planned drilling program comprising two core holes totaling 900 metres. Drilling is scheduled to commence by 1 October 2026 and be completed by 4 December 2026, with results to be reported by 1 February 2027. However, the project has faced delays due to Queensland's severe wet season, which has hindered site access and preparation. Killi is working with land-use stakeholders to establish practical access routes, aiming to begin drilling during the upcoming drier winter months.
Expanding Exploration Horizons
Beyond the Rawdon Fault, Killi is advancing exploration at the King Louie Breccia prospect, where a newly identified 1,100 by 225-metre soil and rock-chip anomaly shows elevated gold, copper, and molybdenum levels. This breccia-hosted target exhibits signs of multiple intrusive events and remains only partially defined due to weather-related delays. Both prospects represent early-stage but compelling targets within Killi's flagship Mt Rawdon West Project, which covers 309 square kilometres of prospective ground between Evolution Mining's Mt Rawdon Gold Mine and SolGold's Mt Perry Project.
Strategic Positioning in Underexplored Provinces
Killi Resources continues to focus on underexplored mineral provinces in Queensland and Western Australia, with additional projects including the Ravenswood Project near Charters Towers and the West Tanami Gold Project in Western Australia. The company’s methodical approach aims to unlock value in forgotten gold and copper provinces, leveraging government partnerships and joint ventures, such as the agreement with Gold Fields Limited at West Tanami.
Bottom Line?
As Killi prepares to drill its most advanced target yet, investors will watch closely for results that could redefine the Mt Rawdon West project's potential.
Questions in the middle?
- Will drilling confirm the presence of a significant porphyry copper-gold system at Rawdon Fault?
- How will ongoing wet season conditions affect the drilling timeline and exploration progress?
- What is the potential scale and grade of mineralisation at the King Louie Breccia prospect?