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KILLI RESOURCES LIMITED — AGM Information 2024
Nov 20, 2024
65186_rns_2024-11-20_7ce85b59-d149-4c88-91ba-8577aef75629.pdf
AGM Information
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‘Time for a new Copper Gold
- C O P P E R G O L D
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Annual General Meeting Presentation
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Chief Executive Officer
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ASX | KLI
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, 30[th] October 2023, 29[th] November 2023, 13[th] February 2024, 15[th] May 2024, 20[th] May 2024, 9[th] July 2024, 24[th] July 2024, 5[th] August 2024, 21[st] October 2024, and 21[st] November 2024 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.
| Slide 2
Cor orate Structure p
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| ASX CODE | KLI |
|---|---|
| Shares on Issue | 140M |
| Market Cap(@ 6.6c, 20/11/24) | ~$9M |
| Investments (ASX:BCA Shares) | $0.3M |
| Cash(September Quarter-end) | ~$3.0M |
| Shareholders | |
| Top 20 Gold Fields Directors and Management |
44.6% 11% 4.8% |
| Board/Advisor Options (@ $0.30, | 9,500,000 |
| $0.20, $0.10) | |
| Entitlement Options (@ $0.20) | 14,500,061 |
| Performance Rights | 2,413,463 |
| BOARD & MANAGEMENT | |
| Richard Bevan Greg Miles Phil Warren Kathryn Cutler Emma Wates |
Non - Executive Chairman Non - executive Director Non - executive Director Chief Executive Officer Company Secretary |
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WEST TANAMI PROJECT
$13M Option & Joint Venture with
Gold Fields
RAVENSWOOD NORTH
Charters Towers, 100% owned
Gold & Copper
MT RAWDON WEST
BALFOUR PROJECT NT
Mt Perry, 100% owned
(Pilbara, 350km [2] )
QLD Gold & Copper
Copper Rights
WA
SA
NSW
ASX
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| Slide 3
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Queensland
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Queensland Copper-Gold Project
Exploring for a NEW high grade copper old de osit g p
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60kms inland of Bundaberg
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Within highly fertile New England Fold Belt –
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Major Mineral Province, host to:
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Mount Morgan - 8Moz Au, 420,000t Cu (porphyry)
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QLD
QLD
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-
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Gympie 5Moz Au (epithermal)
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Cracow - 3Moz Au (epithermal)
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Mt Rawdon - 2Moz Au (IRG)
Mt Rawdon West Project
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100% owned , 300km[2] between Mt Rawdon Gold Mine (Evolution) and Mt Perry Project (SolGold)
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8km along strike from Mt Rawdon Gold Mine
| Slide 5
Por phyry-Epithermal Systems
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WHAT ARE WE LOOKING FOR?
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New Cu + Au deposit
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System of size and scale
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Large tonnage Long mine life
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From surface
HOW DO WE EXPLORE FOR IT?
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Existing Cu/Au mineral belt
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Cu/Au mineralisation at surface
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Identification of veins and alteration at surface
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Identify a target below surface – using geophysics
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–
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IP SURVEY instrumental method for finding Cadia (Newcrest) Optimises drill direction and forms solid drill target
| Slide 6
Ex ploring for copper/gold deposit
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Covers intersection of two main mineral corridors
35km of mineral potential strike
Historical Copper-Gold-SilverMolybdenum mining on tenement (~1900’s) – occur on major fault structures
Two copper-gold soil targets determined BALOO – 4km x 1.5km KAA – 1.8km x 0.4km
Surface rock chips up to 238g/t Au & 7.2% Cu & 907g/t Ag
Not one drillhole on the tenement
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Location of current maiden
drill campaign
IP Survey
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| Slide 7
KAA Target
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Gold-Copper Target
Rock Chips returned:
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238g/t Au, 2.1% Cu & 513g/t Ag MRRK074
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14.3g/t Au, 2.2% Cu & 907g/t Ag MRRK061
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12.3g/t Au, 0.3% Cu & 60g/t Ag MRRK065
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12.4g/t Au, 2% Cu & 65.6g/t Ag MMRK
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5.89g/t Au, 5.4% Cu & 45.7g/t Ag MRRK073
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5.81g/t Au, 1.9% Cu & 211g/t Ag MRRK068
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6.06g/t Au, 1.5% Cu & 585g/t Ag MRRK072
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Pathfinders – Sb, Bi, Hg, Te
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1.8km mineralised trend
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120m quartz-sericite-magnetite breccia
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First drillholes ever at the target
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0.5m @ 5.9g/t Au, 21.1g/t Ag & 0.7% Cu fr 136m
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1.1m @ 0.1g/t Au, 20.3g/t Ag & 1.8% Cu fr 23m, Inc. 0.5m @ 0.24g/t Au, 40.8g/t Ag & 3.7% Cu
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0.6m @ 0.3g/t Au, 37g/t Ag & 1.6% Cu fr 34m
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2.45m @ 0.44g/t Au, 7.27g/t Ag & 1.1% Cu fr 129m
ASX Announcement – 16[th] October 2024 | Slide 8
KAA Target
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Gold-Copper Target
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ASX Announcement – 16[th] October 2024
| Slide 9
Technical Understanding
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Gold-Copper Target
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ASX Announcement – 16 [th] October 2024
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| Slide 10
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| Slide 11
BALOO Target
Gold-Copper Target
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Significant shallow IP Anomaly identified.
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Potentially represents a unit of high sulphides.
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Beneath Au-Cu 2.5km x 1.7km soil anomaly.
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Stockwork veining identified at surface.
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Qtz, Chalcedony ±
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hematite
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ASX Announcement – 21[st] November 2024
EXPLORATION PLAN
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Field Work
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Drilling Program completed at the Kaa with assays from three holes pending (epithermal target).
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IP Survey completed at Baloo (porphyry copper-gold target).
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Working towards a heritage survey for Baloo.
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IP Survey Crew Kaa – Diamond Drilling
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| Slide 12
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West Tanami Project
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WA
WA
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Killi Enters $13M Option and Joint Venture with Gold Fields Option 1 - $5 million earn-in to acquire 60% interest
- Minimum $2 million spend within 24 months
Option 2 - $8 million earn-in to acquire 85% interest
Gold Fields to manage project, relieving Killi of administrative costs Gold Fields subscribe for $500,000 worth of Killi shares.
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ASX
KLI
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Investment Proposition
Time for a new copper gold discovery in Queensland
THE COMPANY
News flow
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Belt-scale land holdings in major mineral province , for gold and copper
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Targeted exploration for a new copper/gold porphyry/epithermal system in Queensland
- **Final Drill program results from Kaa** - **3D IP survey results at Baloo** -
Consistent geological review and targeting with a solid exploration pipeline
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Experienced Team with a discovery and delivery track record
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–
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Market Cap poised for discovery
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| Slide 14
Registered Office Level 5, 191 St Georges Terrace, Perth WA, 6000 Physical Office Ground Floor, 675 Murray Street, West Perth WA, 6005 Phone 9299 9690
Website www.killi.com.au Email [email protected]
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ASX KLI