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The latest announcement is out from Kali Metals Limited ( (AU:KM1) ).
Kali Metals Limited has begun a Phase II drilling program at its Marble Bar Gold Project in Western Australia’s Eastern Pilbara, following encouraging Phase I results completed in late 2025. The campaign will comprise 4,000 metres of reverse circulation and diamond drilling across the Sherman, Churchill and Tiger prospects to refine understanding of near-surface mineralisation and assess the potential for extensions at depth.
The program aims to tighten drill spacing from roughly 200 metres to about 40 metres to better define surface gold zones and to test down-dip continuity where high-grade assays were previously recorded, particularly at Tiger and Sherman. Drilling is expected to run for four to six weeks, with assay results anticipated shortly after, marking a key step in assessing the broader scale and development potential of Marble Bar for Kali and its investors.
More about Kali Metals Limited
Kali Metals Limited is an Australian exploration company listed on the ASX that holds about 4,029 square kilometres of tenements in Western Australia and the Southern Lachlan Fold Belt in New South Wales and Victoria. Its portfolio is prospective for gold, lithium, tin and other critical minerals, and the company focuses on exploring and developing commercial resources to generate shareholder value.
Average Trading Volume: 182,979
Technical Sentiment Signal: Sell
Current Market Cap: A$28.92M
Learn more about KM1 stock on TipRanks’ Stock Analysis page.