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Killi Resources Limited ( (AU:KLI) ) just unveiled an update.
Killi Resources has advanced exploration at its Mt Rawdon West Project in Queensland, completing reconnaissance mapping and surface sampling around the recently identified King Louie Breccia. Early geological interpretation suggests the breccia is related to a large volcanic or subvolcanic intrusive centre, comparable to known Triassic intrusion-related hydrothermal gold systems in the state.
The King Louie Breccia, now mapped over roughly 1.1 kilometres by 225 metres and still open to the west and south, shows strong gold, copper and molybdenum anomalies despite intense weathering and leaching. A recent program of 116 soil samples and 25 rock chips is expected to deliver assay results in early May, while the company progresses access and permitting for drilling at the King Louie Breccia and the nearby Rawdon Fault copper-gold targets, potentially enhancing the project’s regional prospectivity.
The most recent analyst rating on (AU:KLI) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Killi Resources Limited stock, see the AU:KLI Stock Forecast page.
More about Killi Resources Limited
Killi Resources Limited is an Australian mineral exploration company focused on gold, copper and molybdenum projects. The company’s Mt Rawdon West Project in Queensland targets intrusion-related hydrothermal gold systems near the established Mt Rawdon Gold Mine, aiming to define new large-scale precious and base metal deposits in an underexplored region.
Average Trading Volume: 669,583
Technical Sentiment Signal: Buy
For detailed information about KLI stock, go to TipRanks’ Stock Analysis page.