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KILLI RESOURCES LIMITED — AGM Information 2023
Nov 21, 2023
65186_rns_2023-11-21_f170d671-1e51-4179-8e16-aae62863cadf.pdf
AGM Information
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ANNUAL GENERAL MEETING
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22 November 2023
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Kathryn Cutler
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Exploring for the next copper
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gold discovery in Queensland
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Disclaimer
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The Company has prepared the Presentation based on information available to it at the time of preparation. No representation or warranty, express or implied, is made as to the currency, accuracy, reliability, completeness or fairness of the information, opinions and conclusions contained in this Presentation. Neither Killi, its related bodies corporate, shareholders or affiliates, nor any of their respective officers, directors, employees, affiliates, agents or advisers (guarantee or make any representations or warranties, express or implied, as to or take responsibility for, the currency, accuracy, reliability, completeness or fairness of the information, opinions and conclusions contained in this Presentation. Killi does not represent or warrant that this Presentation is complete or that it contains all material information about Killi or which a prospective investor or purchaser may require in evaluating a possible investment in Killi or acquisition of shares. To the maximum extent permitted by law, Killi and its agents expressly disclaim any and all liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of information contained in this Presentation, or otherwise arising in connection with it.
The information contained in this Presentation is for information purposes only, does not constitute investment or financial product advice (nor taxation, accounting or legal advice) and is not intended to be used as the basis for making an investment decision. In providing this Presentation, Killi has not considered the objectives, financial position or needs of any particular recipients. Before making an investment, investors should consider the appropriateness of the information in this Presentation having regard to their own objectives, financial situation and needs, and seek legal, taxation and financial advice appropriate to their jurisdiction and circumstances.
Any forward looking statements in this Presentation, including projections, forecasts and estimates, are provided as a general guide only and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties, assumptions, contingencies and other important factors, many of which are outside the control of Killi and which are subject to change without notice and could cause the actual results, performance or achievements of Killi to be materially different from the future results, performance or achievements expressed or implied by such statements. Past performance is not necessarily a guide to future performance and recipients of this Presentation are cautioned not to place undue reliance on such forward-looking statements.
Compliance Statement
The information in this Presentation that relates to prior Exploration Results for the West Tanami Project and the Ravenswood North Project is extracted from the following ASX Announcements lodged with ASX on 4[th] October 2022, 25[th] October 2022, 15[th] November 2022, 1[st] December 2022, 1[st] February 2023, 7[th] March 2023, 21[st] March 2023, 13[th] July 2023, 7[th] September 2023, and 30[th] October 2023 which are available on the Company’s website www.killi.com.au and the ASX website (ASX code: KLI). The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the market announcements continue to apply and have not materially changed. The Company confirm that form and context in which the Competent Person’s finding are presented have not been materially modified from the original market announcements.
Competent Person’s Statement
The information in this report that relates to Exploration Results is based on information compiled by Ms Kathryn Cutler. Ms Cutler is a Member of The Australasian Institute of Mining and Metallurgy. Ms Cutler has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Ms Cutler consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.
W| www.killi.com.au E |[email protected]
ASX : KLI | Slide 2
Corporate Structure
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| ASX CODE | KLI |
|---|---|
| Current Shares on Issue | 78M |
| Market Cap(November 2023 @ 0.071) | ~$5.5M |
| Cash(September end 2023) | $1.4M |
| Top 20 Shareholders | 41.5% |
| Directors and Management | 4.8% |
| Board/Advisor Options (@ $0.30) | 6,500,000 |
| Entitlement Options (@ $0.20) | 14,500,048 |
| Performance Rights | 5,163,463 |
| Total Options and Performance Rights | 11,799,752 |
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WEST TANAMI PROJECT RAVENSWOOD NORTH
(Kimberley, 100% owned 1,634km [2] ) (Charters Towers, 100% owned)
Gold, REE & Copper Gold & Copper
NT
QLD
MT RAWDON WEST
WA
(Mt Perry, 100% owned)
SA Gold & Copper
NSW
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Board of Directors
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Richard Bevan
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Greg Miles
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Phil Warren
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Management
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Kathryn Cutler
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Emma Wates
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-Executive Chairman
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-Executive Director
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-Executive Director
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Chief Executive Officer
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Company Secretary
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ASX
KLI
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Queensland Copper-Gold Projects
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Killi owns two belt-scale projects in Queensland and is actively exploring for:
Mt Rawdon West Project
Exploring for a New Copper-Gold deposit in the Mt Perry/Mt Rawdon region
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Surface rock chips up to 7.2% Cu and 12.4g/t Au
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Not one drillhole on the project
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Discovery opportunity
Ravenswood North Project
Exploring for a New Gold deposit in the Charters Towers/Ravenswood region
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Identified 3km[2 ] surface geochemical Au-Ag Target.
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Drilled first 11 holes, which returned gold and silver assays downhole.
W| www.killi.com.au E |[email protected]
ASX : KLI | Slide 4
QLD
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MT RAWDON WEST PROJECT
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Queensland Copper-Gold Project
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100km inland of Bundaberg
Project 5km along strike from Mt Rawdon (Evolution) 2Moz gold mine.
District scale project – 305km[2]
Within main gold and copper rich geological belt Historical Copper Gold and Molybdenum Mining region on tenement
Project located in back-arc basin (Esk Basin), geological setting prime position for a porphyry copper-gold deposit.
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W| www.killi.com.au E |[email protected]
ASX : KLI | Slide 6
Queensland Copper-Gold Project
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Intersection of two major mineralised corridors – combined 35km of strike
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Copper discovered in 1862 at Mt Perry. Historical workings extend 50m into the hillside. Historical Molybdenum mine and Mt Perry Copper Smelter on tenement.
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Historical rock chip samples 2.1% Cu, and 1.4% Cu outcrop and existing Cu-Mo-Au soil anomaly
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Extension of mineralisation into Killi tenement, where intercepts on the boundary returned:
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56m @ 1.0g/t Au from surface
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26m @ 1.41g/t Au from surface
Not one drillhole on the tenement
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Location of the two geochemical targets, Baloo and Kaa on the Mt Rawdon West Project (ASX Announcement 30th October 2023).
W| www.killi.com.au E |[email protected]
ASX : KLI | Slide 7
Baloo – a new porphyry deposit?
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Assay results of rock chip & soil samples at Baloo and Baloo North. Soil assays have been contoured for copper, gold and molybdenum at >10 x background. Field mapping completed in September also saw copper mineralisation at outcrops and a gold-copper porphyry dyke was identified at Baloo North, overlaying the Total Magnetic Intensity image (ASX Announcement 30th October 2023).
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First field program returned high-grade rock chip results: (ASX announcement 7[th] September 2023)
7.2% Cu & 27.2 g/t Ag
4.2% Cu, 1.16 g/t Au , 75.8 g/t Ag
4.5% Cu, 0.09g/t Au & 83.7 g/t Ag
3.5% Cu & 85.9 g/t Ag
3.3% Cu, 0.37 g/t Au & 31.1 g/t Ag
2.4% Cu, 0.48 g/t Au & 22.3 g/t Ag 2% Cu, 12.4 g/t Au & 65.6 g/t Ag 0.6% Cu, 4.26 g/t Au & 32.9 g/t Ag
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Copper mineralisation at surface occurs as bornite, malachite, & azurite. Bornite is a strong indicator for proximity to intrusiveporphyry copper-gold systems .
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Two copper-gold targets:
Baloo – 4.5km x 1.5km Cu-Au-Mo anomaly
Kaa – 2km x 0.4m Cu-Au-Mo anomaly
ASX : KLI | Slide 8
W| www.killi.com.au E |[email protected]
Kaa
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This program is the first modern exploration program at the Project since historical mining operations ended in the early 1900’s , representing a significant discovery opportunity for the Company.
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Historical Workings, haven’t been touched for 100
years.
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0.42% Cu, 0.15% Cu, 0.11g/t
0.02g/t Au & Au & 19.7g/t Ag
4.5% Cu,
1.96g/t Ag
0.09g/t Au &
83.7g/t Ag
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2.4% Cu,
0.48g/t Au &
22.3g/t Ag
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- No existing drilling at old workings.
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Old Copper Workings, A. Mineralised copper vein within wall of old working with visible malachite, azurite and bornite. B. Altered limestone, pitted, sugary quartz dominant unit within the waste pile at the winze. C. Intense K-feldspar alteration of granodiorite. D. Weathered copper sample found at the winze (ASX Announcement 7[th] September 2023).
1. Historical copper workings of the mine from the early 1900’s, includes three adits into the hill, and one winze for hauling copper ore out of the mine.
2. Photograph of the historical copper mine winze (1920’s), with view down to old adits which extend into the hill over a strike of 370m. This is just one of eight old mines identified (ASX Announcement 7[th] September 2023)
W| www.killi.com.au E |[email protected]
ASX : KLI | Slide 9
QLD
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RAVENSWOOD NORTH PROJECT
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10
Queensland Gold-Copper Project
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90km inland from Townsville.
~660km[2 ] Ravenswood-Charters Towers Gold District.
Multi-million-ounce gold province.
Potential for a large-scale Intrusive Related Gold (IRG) System, like Ravenswood or Mt Wright.
Renewed area of exploration with exploration Companies realising the opportunity that remains in Queensland.
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W| www.killi.com.au E |[email protected]
ASX : KLI | Slide 11
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Ravenswood North Gold Project
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Au Cu target
Au Ag target 43km
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ASX
KLI
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– - Rocky Au Ag target
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Gold Mineralisation at surface (1.5km[2] )
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Drilling completed on 300 x 300m spaced grid across the targets
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Results from first 11 holes:
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10m @ 0.66g/t Au fr 174m
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12m @ 0.31g/t Au fr 15m
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5m @ 0.31g/t Au fr 160m
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5m @ 0.68g/t Au fr 51m
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75m @ 0.25g/t Ag fr 65m
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35m @ 0.32g/t Ag fr 42m
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Plan view of the Rocky Prospect drilling with gold in soil results, and location of drillhole which intersected multiple breccia units (ASX Announcement 13[th] July 2023).
W| www.killi.com.au E |[email protected]
ASX : KLI | Slide 13
– - Rocky Au Ag target
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Cross-section of the Rocky Prospect drilling with gold and silver drill results, geological interpretation, and geophysical anomaly (ASX Announcement 13[th] July 2023).
W| www.killi.com.au E |[email protected]
ASX : KLI | Slide 14
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West Branch
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Cu target
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6.18% Cu, 8.93g/t Au, & 10.1g/t Ag
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• 5.21% Cu, 8.47g/t Au, & 27.3g/t Ag
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interpretation identifies potential
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Processing underway to provide
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WA
West Tanami Project
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Western Australia
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WA
• Belt scale project - 1,634km[2] tenement package • Adjacent +20M oz goldfield • Exploring for large scale sedimenthosted orogenic gold systems, like Callie.
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ASX
KLI
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West Tanami – Geology & Deposits
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•
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Remains an under explored
geological terrane which could easily
be hiding another Callie deposit.
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ASX KLI
Gold Controlling
Feature
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West Tanami – Why underexplored?
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Remote location, exploration still within the first
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Heritage issues
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limiting exploration for
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Under alluvial cover
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All historical drilling
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Average spacing of hole 500m x 500m or greater
2
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Receive all heritage & environmental approval. Determine our location within the stratigraphy – find the most prospective formation (The Dead Bullock Formation). Rank targets and get on the ground.
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25km
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All approvals
Heritage
received to Relationships
Agreement
access the built and All within 6
affirmed &
major future months of
operational,
corridors programs listing
4-day survey
across the supported.
completed.
project.
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20
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1. Anticlines thrust zones and structural jogs
2. Dead Bullock Formation is the focus
3. Geochemical anomalies, believed to be arsenic/gold – now understand bismuth/gold far more useful as a pathfinder.
7 Areas to be the focus, with exploration programs to include:
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25km
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FOX
DEVA
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Target Target
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Target
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ASX
KLI
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Target
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Bullock.
Target ASX : KLI | Slide 23
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Investment Summary
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Belt scale land holdings in major mineral provinces, for gold, copper and rare earth elements
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– Exploration currently ongoing at the Mt Rawdon West Copper Gold Project developing and exploring for a new porphyry system in Queensland
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Uncovering a potentially large scale mineral system
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Experienced Team with a discovery and delivery track record
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– Market Cap poised for discovery
RAVENSWOOD NORTH (Charters Towers, 100% owned, ~600km[2] )
WEST TANAMI PROJECT (Kimberley, 100% owned 1,634km[2] )
WA
NT QLD
SA
NSW
MT RAWDON WEST (Mt Perry, 100% owned, ~300km[2] ) 24 ASX : KLI | Slide 24
ASX KLI