Killi Resources Wins Government Grant to Drill High-Priority Mt Rawdon West Target

Killi Resources Limited ( (AU:KLI) ) has shared an announcement.

Killi Resources has secured a Queensland Government Collaborative Exploration Initiative grant to co-fund drilling at the Baloo prospect within its Mt Rawdon West Project, where a key target lies beneath shallow cover and is defined by coincident soil geochemical and geophysical anomalies. Preparations for drilling, aimed at testing a 1,400-metre Cu-Au-Mo-Bi anomaly with high gold and copper-in-soil values near major intrusive contacts and regional structures, have been delayed by severe wet season conditions but are expected to proceed once access improves, underscoring the project’s potential to host intrusive-related mineralisation similar to nearby operations and to enhance the company’s exploration portfolio.

Killi has advanced its understanding of the Rawdon Fault prospect at Mt Rawdon West by integrating historic and new surface geochemical data, refining drill targets where strong copper, gold and bismuth anomalies coincide with magnetic highs and key lithological contacts. This systematic work, together with government co-funding support, positions the company to test high-priority intrusive-related targets that could materially influence the future value of the project and its standing in Queensland’s mineral exploration sector.

The most recent analyst rating on (AU:KLI) stock is a Hold with a A$0.13 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 exploration company focused on gold and copper targets, with projects including the Mt Rawdon West Project in Queensland’s Bundaberg region near the Mt Rawdon Gold Mine. The company applies geochemical and geophysical techniques to identify intrusive-related mineralisation and advance priority drill prospects in underexplored terrain.

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