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Kali Metals Limited ( (AU:KM1) ) has provided an update.
Kali Metals reported that its maiden drilling program at the Marble Bar Gold Project in Western Australia intersected shallow, high-grade gold mineralisation from surface over a strike length of about three kilometres, with 60% of reverse circulation holes hitting gold. The company has commenced a 4,000-metre Phase II program of reverse circulation and diamond drilling to infill spacing and test down-dip extensions, with assay results expected in the June quarter of 2026.
Kali also consolidated 100% ownership of the DOM’s Hill and Pear Creek projects by acquiring SQM’s remaining 30% interest, adding about 441 square kilometres of gold exploration tenure containing multiple high-grade historical drill and rock-chip results. To support its expanded exploration program, the company raised $7 million through a share placement, finishing the quarter with $8.47 million in cash and no debt, underpinning ongoing work across its Pilbara portfolio.
More about Kali Metals Limited
Kali Metals Limited is an Australia-based exploration company focused on gold projects in Western Australia’s Pilbara region. The company is advancing the Marble Bar Gold Project near the historic Marble Bar mining centre and has expanded its footprint through full ownership of the DOM’s Hill and Pear Creek gold exploration tenements.
Average Trading Volume: 184,295
Technical Sentiment Signal: Sell
Current Market Cap: A$29.91M
For an in-depth examination of KM1 stock, go to TipRanks’ Overview page.