Killi Resources' exploration advancements

Killi Resources (ASX:KLI) has made notable advancements in its exploration projects during the quarter ending 30 September 2024. The company focused on the Mt Rawdon West Project in Queensland, confirming a large gold-copper system at the Kaa prospect. Killi successfully raised $2 million to fund further exploration, maintaining a strong cash position of $3 million.

Killi Resources' strategic outlook

Killi Resources has reported significant progress in its exploration initiatives, particularly at the Mt Rawdon West Project. With the confirmation of a substantial gold-copper system at the Kaa prospect, the company is well-positioned for future exploration success. The recent $2 million capital raise will support ongoing drilling and exploration activities. Killi maintains a strong cash position of $3 million, enabling continued focus on its ambitious exploration plans. Looking forward, the company aims to release remaining drill results and further geophysical survey findings, while also advancing mapping and geochemical programs to delineate copper-gold systems. Additionally, the West Tanami Project joint venture with Gold Fields Limited presents further strategic exploration opportunities.

Executive insights on exploration progress

The initial drill results at the Kaa prospect have confirmed a significant gold-copper system, which is a promising development for our Mt Rawdon West Project. We are eagerly awaiting further assay results to continue advancing our exploration efforts. The completion of the capital raise ensures we have the necessary funds to pursue these opportunities.