Killi Resources Limited (ASX:KLI) Reports December 2024 Quarter Results
Exploration Achievements
Killi Resources Limited (ASX:KLI) has confirmed a significant gold-copper system at the Kaa prospect, with promising drill results showcasing mineralisation over a 1km strike. The company successfully completed its maiden drill campaign, returning high-grade gold and copper values, including a peak of 9.35g/t Au and 3.7% Cu.
During the quarter, detailed exploration activities were conducted at the Mt Rawdon West Project, revealing a strong mineralised structure. The Kaa target yielded rock chip samples with exceptional assays, including a notable 238g/t Au, contributing to a highly prospective exploration zone.
Cash Position and Future Outlook
Killi Resources reported a cash position of $2.03 million at the end of December 2024, positioning the company well to continue its exploration efforts in Queensland. The forthcoming exploration strategies for the first quarter of CY2025 will focus primarily on the Kaa and Baloo targets, leveraging the recently completed ground IP survey results.
Upcoming Exploration and Activities
Looking ahead, Killi Resources plans to release the results of the 3D IP survey at Baloo in Q1 2025. Further mapping and surface geochemical programs are also in the pipeline to complement the ongoing exploration campaigns. The company remains committed to identifying and unlocking the potential of its mineral systems in Queensland.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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