KILLI RESOURCES LIMITED — Capital/Financing Update 2025

Aug 17, 2025

MT RAWDON WEST PROJECT ASX ANNOUNCEMENT ASX | KLI

18 August 2025

New Areas of Mineralisation Identified at the Mt Rawdon West Project

+

Priority Drill Target Defined for Baloo

• Results from reconnaissance soil sampling at the King Louie prospect has generated several areas of interest for follow up exploration east of the Kaa Prospect.

• Peak soil assay results of 640ppb Au and 2,499ppm Cu.

• Primary area of interest identified at the Baloo prospect for drill testing.

• The 1,400 metre long Cu-Au-Mo-Bi soil geochemical anomaly occupies the junction of major intrusive bodies and regionally significant structures.

• Peak soil assay results of 1,760ppb Au and 602ppm Cu.

• Coincident with shallow IP chargeability high geophysical anomalies.

• The Company is embarking on an active field season at Mt Rawdon:

• Ground access protocols are underway.

• At King Louie, ground truthing, infill and extension sampling of soil anomalies are proposed

• At Baloo, drill sites will be finalised with preparation for drilling as soon as practicable.

• Current exploration is geared towards drill-testing defined priority targets at Baloo and extending surface geochemical coverage over the large, predominantly un-tested, project area.

• Killi is well funded to complete proposed exploration, with ~$2.4M in cash and investments

Killi Resources Limited (‘ Killi ’ or the ‘ Company ’) (ASX: KLI) is pleased to provide an update on exploration activities at its Mt Rawdon West Project (‘ Project ’), located 20 kilometres northwest of the Mt Rawdon Gold Mine (ASX: EVN) in the Bundaberg region of Queensland, Australia (Figure 2).

The recent exploration at Mt Rawdon West identified two main priorities (refer to Figure 1) –

• Extending regional prospecting and geochemical sampling over the newly defined 5 kilometre by 2.5 kilometre King Louie prospect and along strike of the high-grade copper-gold mineralisation defined at the Kaa Prospect.

• Defining the priority drill targets within the 4 kilometre by 1.7 kilometre copper-gold-molybdenum surface geochemical anomaly at the Baloo prospect.

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The initial stages of this work have been successful and will facilitate an active work program at Mt Rawdon West in the coming months. Killi currently has approximately $1.93 million in cash and $0.46m worth of investments[ (1)] .

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Figure 1 – Mt Rawdon West Project – Area of activity, including prospects, key interpreted structure, King Louie gold in soil results and geochemical areas of interest defined by the soil sampling, over an aeromagnetic image (RTP).

King Louie – New Geochemical Anomalies

Exploration drilling at the Kaa prospect has determined the width and intensity of alteration, mineralised veins and abundance of sulphides within the veins increases towards the southern end of the 1.8 kilometre gold-copper trend (ASX announcement 4 December 2024).

Surface rock chip samples from the southern end of the Kaa trend have returned some of the highestgrade results at the Mt Rawdon West Project, including 238g/t Au, 2.1% Cu, and 513g/t Ag (ASX announcement 9 July 2024). This work highlighted the potential prospectivity of the areas to the east and south of Kaa, previously untested by exploration.

The King Louie prospect manifests in the geophysical data as a circular magnetic feature from which linear structures/faults emanate (ASX announcement 25 June 2025 – Slide 15). Kaa’s working geological model is that the high-grade mineralisation is hosted within a radial structure extending from King Louie.

(1) ~1.29M BCA shares at $0.36/share

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Killi’s first phase of exploration at King Louie included reconnaissance mapping, soil, rock and stream sediment sampling. Laboratory results have been returned for 161 soil samples (Tables 1 and 3), taken on an initial spacing of approximate 200 metre by 400 metre.

Best results from this program occur on the margins of the circular magnetic body (intrusive contact) and linear features interpreted to be intrusive dykes (Figures 1 and 2). Peak soil assay results returned included 640ppb Au and 2,499ppm Cu (MRSL0139) (Table 1). Elevated responses were also returned for molybdenum and zinc, with King Louie displaying a similar geochemical association to that observed at the Baloo prospect (ASX announcement 20 May 2024).

The current sample spacing is broad and the anomaly remains open to the south. Further infill and extension surface sampling is proposed to better define priority areas of interest.

Baloo – Priority Drill Target Area Identified

Killi has identified the Baloo prospect as the highest priority target within the Mt Rawdon West Project. The ~4 kilometre x ~1.7 kilometre copper-gold-molybdenum soil anomaly stretches across the tenement and is interpreted as a linking structure between the Mt Perry and Mt Rawdon Faults (ASX announcement 30[th] October 2023) (Figure 2).

Multiple historical copper and gold workings have been identified across the anomaly, with the best rock chip results returning up to 7.2% Cu, 89.9g/t Ag and 1.16g/t Au (ASX announcement 7[th] September 2023). Baloo exhibits a complex metal association which supports the interpretation of multiple mineralising events.

This large geochemical anomaly is coincident with induced polarisation (IP), aeromagnetic and radiometric geophysical anomalies and is a compelling drill target.

The identified priority target area (Figure 1) covers a strike of approximately 1,400 metres along a regional scale structure that is along strike of the 2.5M oz Mt Rawdon Mine, approximately 20 kilometres to the south. This target is a Cu-Au-Mo-Bi soil geochemical anomaly, and hosts peak soil assay results of 1,760ppb Au (AS3972) and 602ppm Cu (AS11655) (ASX announcement 20 May 2024). These are the highest-grade soil geochemical results from Baloo.

This target hosts a complexity of lithologies and structure. The dominant geological unit is identified as the Tenningering Granodiorite. Geochemically there are differences at Baloo which distinguishes the area from the extensive Tenningering Complex to the south and west (ASX announcement 20 May 2024). The target area includes ‘rafts’ of the Curtis Island Group sediments, possibly caught up in the Mt Rawdon Fault zone (and the dominant geological unit on the eastern side of the Mt Rawdon Fault in this area).

The northern end of the target marks the junction between the Tenningering and Wonbah granodiorites, on the Mt Rawdon Fault. At this junction, a previous geophysical study identified a signature typical of blind intrusive porphyry bodies. Such intrusives have strong relationships with copper-gold mineralisation (Centre for Exploration Targeting “CET” tool anomaly - ASX announcement 20 May 2024) (Figure 1).

Areas within the 1,400 metre target also display shallow IP geophysical chargeability highs and heterogenous resistivity/conductivity signatures of interest.

Next Steps at Mt Rawdon West

Exploration to date by Killi at Mt Rawdon has identified the Baloo prospect as currently the highest priority target. The initial drill target (Figure 1) provides Killi the opportunity to test the geochemical anomalism associated with shallow geophysical anomalies. The larger, deeper, high-tenor geophysical anomaly identified by the IP survey (ASX announcement 21 November 2024), has not

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been considered for the initial drill program at Baloo due to its depth, but does provide a focus for future drilling programs at Baloo.

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Figure 2 – Mt Rawdon West Project – Area of activity, including prospects, key interpreted structure and geochemical areas of interest over a satellite image.

KILLI Resources Limited | ASX Announcement | www.killi.com.au | ASX:KLI

Table 1 – King Louie reconnaissance soil sampling results for gold (Au), copper (Cu), molybdenum (Mo) and zinc (Zn). Datum GDA94 Zone 56 S

SiteID	East	North	Au_ppb	Cu_ppm	Mo_ppm	Zn_ppm		Sample ID	East	North	Au_ppb	Cu_ppm	Mo_ppm	Zn_ppm
MRSL0001	368165	7225003	1.6	44.21	0.43	27.1		MRSL0055	372200	7224996	0.7	6.56	0.85	10.4
MRSL0001	368165	7225003	2.1	43.74	0.46	27.5		MRSL0056	371769	7224609	1.8	12.61	0.5	17.1
MRSL0001	368165	7225003	1.9	47.38	0.44	32.1		MRSL0057	371574	7224602	0.3	10.03	0.47	24.1
MRSL0002	368371	7225003	0.4	2.58	0.32	8.2		MRSL0058	368164	7225367	1.8	39.61	1.88	33.3
MRSL0002	368371	7225003	0.3	2.53	0.3	7.4		MRSL0059	368378	7225367	0.3	42.25	0.86	48.2
MRSL0003	368580	7225013	0.4	6.53	0.53	12.2		MRSL0060	368576	7225386	0.9	39.77	0.65	17.5
MRSL0003	368580	7225013	0.3	6.53	0.52	22.1		MRSL0061	368773	7225387	0.5	6.11	0.29	7.4
MRSL0004	368776	7224997	0.3	8.24	0.31	13.1		MRSL0062	368972	7225403	1.2	9.07	0.78	12.4
MRSL0004	368776	7224997	0.9	8.61	0.28	12.1		MRSL0063	369162	7225399	0.5	11.96	0.54	15.7
MRSL0005	368969	7224999	10.6	8.01	0.34	26		MRSL0065	369385	7225401	1.5	15.99	0.51	14.5
MRSL0005	368969	7224999	1.1	7.91	0.31	27.3		MRSL0066	369578	7225407	1.6	23.24	0.6	35
MRSL0006	369174	7225006	1.5	9.08	0.33	13.3		MRSL0067	369776	7225397	0.7	34.71	0.74	39.2
MRSL0006	369174	7225006	4	9.31	0.34	14		MRSL0068	369977	7224590	10.6	25.59	1.68	8.7
MRSL0007	369381	7225000	0.5	26.15	0.35	33.4		MRSL0069	370178	7224601	0.3	8.42	0.63	19.6
MRSL0007	369381	7225000	1.1	26.23	0.36	32.5		MRSL0070	370387	7224607	0.1	3.95	0.48	10.8
MRSL0008	369572	7225001	5.3	8.19	0.66	5.8		MRSL0071	370572	7224602	0.2	4.77	0.37	10.6
MRSL0008	369572	7225001	5.6	8.33	0.68	5.8		MRSL0072	370574	7224999	0.2	1.65	0.59	4.7
MRSL0009	371178	7226198	1.1	2.89	0.25	7.6		MRSL0073	370368	7224997	0.2	2.85	0.37	7.7
MRSL0010	370984	7226198	0.7	3.28	0.5	14.7		MRSL0075	370174	7224998	1.4	6.78	0.52	8.6
MRSL0011	370784	7226202	0.5	9.24	0.49	27.2		MRSL0076	369976	7224989	1.7	18.92	1.68	24
MRSL0012	370777	7225798	0.6	12.93	0.91	24.2		MRSL0077	369777	7224986	0.3	4.05	0.71	10.6
MRSL0013	370959	7225797	2.6	43.98	0.58	32		MRSL0078	370769	7224998	1.2	4.09	0.37	5.8
MRSL0014	371207	7225806	0.3	4.39	0.61	26.1		MRSL0079	370962	7225008	1.2	6.03	0.5	12
MRSL0015	371378	7225805	0.2	2.72	0.34	9.2		MRSL0080	371181	7224998	1	9.77	0.66	26.1
MRSL0016	371374	7226205	8.6	1.55	0.41	4.3		MRSL0081	371367	7224997	0.2	5.54	0.78	29.2
MRSL0017	371578	7226207	3.1	18.49	0.62	27.5		MRSL0082	369767	7224591	22.9	21.44	5.7	6.4
MRSL0018	370778	7226595	0.7	8.19	0.47	28.5		MRSL0083	369577	7224617	92.5	12.9	1.31	9.9
MRSL0019	370982	7226605	0.8	3.83	0.29	17.3		MRSL0084	369390	7224599	45.3	16.63	0.98	6.2
MRSL0020	371163	7226604	1.6	4.68	0.64	30.9		MRSL0085	369178	7224609	1	11.8	1.29	43.5
MRSL0021	371373	7226599	6.5	3.35	0.16	5.2		MRSL0086	369538	7225810	2.1	25.45	0.62	17.1
MRSL0022	371386	7226990	0.6	7.23	1.67	15.7		MRSL0087	369384	7225805	0.7	13.66	0.53	16.1
MRSL0023	371191	7227003	1.4	9.01	1.22	19.6		MRSL0088	369183	7225816	0.6	18.71	0.37	30.2
MRSL0024	370985	7226999	0.4	3.47	0.56	13.8		MRSL0089	368975	7225792	0.6	10.15	0.47	12.2
MRSL0025	370764	7226996	77.7	192.97	0.56	47.4		MRSL0090	368770	7225851	1	20.61	0.46	11.9
MRSL0026	370510	7226586	16.3	35.15	0.83	52.1		MRSL0091	368574	7225862	2.9	105.09	1.18	13.4
MRSL0027	370360	7226596	1.4	14.85	0.62	26.1		MRSL0092	368382	7225805	0.8	7.91	0.38	4.8
MRSL0028	370181	7226594	0.8	7.52	0.69	22.8		MRSL0093	368159	7225792	1.2	36.08	1.16	17.5
MRSL0029	370182	7226203	0.6	6.02	0.45	5.5		MRSL0094	367981	7225806	0.7	34.16	0.7	24.2
MRSL0030	370375	7226208	1.3	8	0.74	15.5		MRSL0095	367793	7225779	2.6	55.12	0.85	22.3
MRSL0031	370569	7226205	3	25.49	0.56	42.9		MRSL0096	371346	7224631	0.3	12.92	0.64	23.5
MRSL0032	370579	7225804	0.3	3.41	0.36	8.5		MRSL0097	371171	7224604	0.5	12.29	0.72	18.5
MRSL0033	370383	7225799	1	11.08	0.39	8.4		MRSL0099	370974	7224608	0.2	12.47	0.53	22.5
MRSL0034	370179	7225802	1.9	11.66	0.42	41.9		MRSL0100	370780	7224602	0.4	8.18	0.47	17.6
MRSL0035	369983	7225810	19.6	52.7	0.88	39.8		MRSL0101	369970	7227008	0.7	3.55	0.74	10.8
MRSL0036	369776	7225837	1.6	14.04	0.82	11.7		MRSL0102	369856	7227008	0.6	2.51	0.35	9.5
MRSL0037	369969	7225407	0.6	13.21	0.62	45.2		MRSL0103	369592	7226927	0.9	9.34	0.58	18
MRSL0038	370175	7225398	0.3	7.25	0.64	10.2		MRSL0104	368176	7224595	1.3	18.74	0.73	32.5
MRSL0039	370378	7225402	0.3	5.25	0.38	8.8		MRSL0105	368391	7224617	0.1	6.03	1.06	8
MRSL0040	370574	7225408	0.9	8.21	0.64	16.9		MRSL0106	368596	7224605	0.1	12.56	0.93	27
MRSL0041	370774	7225402	0.5	4.87	0.54	11.3		MRSL0107	368782	7224581	0.3	8.03	0.66	17.4
MRSL0042	370975	7225396	0.2	1.96	0.67	9		MRSL0108	368975	7224577	0.1	41.1	1.02	31.9
MRSL0043	371172	7225387	0.5	16.34	0.49	42.4		MRSL0109	367979	7225423	0.6	11.6	0.43	11.5
MRSL0044	372169	7225801	0.8	24.24	1.23	48.8		MRSL0110	367780	7225401	5.7	17.55	0.79	64.5
MRSL0045	371890	7225404	0.3	3.62	0.4	14.8		MRSL0111	367778	7225594	4.3	48.47	0.65	19.1
MRSL0046	371576	7225398	1.2	5.64	0.69	9.9		MRSL0112	367457	7225593	0.3	2.18	0.47	6
MRSL0047	371380	7225398	0.4	2.95	0.47	16.5		MRSL0113	367951	7226210	0.7	5.44	0.7	3.7
MRSL0048	370573	7226996	0.4	1.89	0.79	6.5		MRSL0115	368154	7226144	0.4	13.98	0.47	8.8
MRSL0049	370377	7226999	1.6	6.25	0.36	27.1		MRSL0116	368406	7226170	1	25.73	0.42	8.1
MRSL0051	370180	7227000	0.4	3.15	0.36	7.2		MRSL0117	368578	7226206	2.4	9.96	0.53	6.8
MRSL0052	371628	7224992	0.4	15.26	1.1	45.8		MRSL0118	368778	7226206	2	46.9	0.98	29.4
MRSL0053	371785	7224996	0.3	2.2	0.71	8.3		MRSL0119	368988	7226602	0.2	5.02	0.26	6.2
MRSL0054	371982	7225003	0.5	23.15	0.38	32.3		MRSL0120	369171	7226605	0.3	27.04	0.44	31.9

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Table 1 Continued – King Louie reconnaissance soil sampling results for gold (Au), copper (Cu), molybdenum (Mo) and zinc (Zn). Datum GDA94 Zone 56 S

Sample ID	East	North	Au_ppb	Cu_ppm	Mo_ppm	Zn_ppm
MRSL0121	369375	7226591	0.4	13.84	0.35	21.9
MRSL0122	369573	7226599	0.2	6.48	0.47	16.6
MRSL0123	369781	7226600	0.4	6.79	0.45	23
MRSL0124	369972	7226593	2.6	8.45	0.4	33.1
MRSL0125	369982	7226200	1.3	7.7	0.31	12.6
MRSL0126	369777	7226193	1.5	11.81	0.74	26.6
MRSL0127	369581	7226195	1.3	18.33	0.34	17.9
MRSL0128	369382	7226190	0.4	4.6	0.31	6.5
MRSL0129	369216	7226195	6.4	22.7	0.48	7.5
MRSL0130	368775	7226597	0.9	14.59	0.58	15.6
MRSL0131	368578	7226603	0.3	3.07	0.5	4.9
MRSL0132	369335	7227039	1.3	11.76	0.35	11.4
MRSL0133	369175	7227005	0.4	3.51	0.54	20.2
MRSL0134	368964	7226998	0.6	5.39	0.3	11.6
MRSL0135	368783	7226996	0.3	1.57	0.42	4.6
MRSL0136	368622	7226940	0.3	10.62	0.46	16.8
MRSL0137	368334	7227070	17.4	464.73	1.21	19.9
MRSL0138	368219	7227000	2.3	33.36	0.69	17.9
MRSL0139	368013	7226911	640.3	2498.93	3.04	52.4
MRSL0140	367795	7226793	0.2	11.45	0.6	3.1
MRSL0141	367609	7226754	1.1	11.55	0.7	7
MRSL0142	371186	7227410	7.6	92.24	1.91	65.1
MRSL0143	371385	7227395	0.7	33.16	5.2	30.7
MRSL0144	371578	7227795	0.5	16.7	0.38	18
MRSL0145	371392	7227796	2.7	58.02	0.86	21.1
MRSL0146	367550	7226157	0.3	5.39	0.67	12
MRSL0147	367432	7225876	0.2	3.73	0.23	10.3
MRSL0148	366984	7225486	1.2	7.38	0.28	9.8
MRSL0149	367013	7225638	0.7	8.74	0.47	18.1
MRSL0150	371774	7229065	2.1	45.22	1.23	46.7
MRSL0152	371937	7229013	2.4	62.4	0.66	39
MRSL0153	372168	7229013	2	15.18	0.39	38
MRSL0154	371997	7228486	X	12.13	0.17	16.4
MRSL0155	371775	7228439	2.7	109.76	0.97	37
MRSL0156	371598	7228443	1.1	73.23	0.21	33.6
MRSL0157	371573	7228230	14.7	187.02	0.43	55.6
MRSL0158	371755	7228177	0.5	20.58	0.23	28.6

About Killi Resources Limited

Killi Resources Ltd (‘Killi” (ASX: KLI) is an Australia-based and focused explorer employing a methodical and disciplined approach to exploring for gold and copper in forgotten mineral provinces (Figure 3). Its 100% owned projects include the West Tanami Gold Project in Western Australia, and two goldcopper exploration projects in Queensland - the Mt Rawdon West Project near Bundaberg and the Ravenswood Project in the Charters Towers region - both well-endowed mineral provinces that are significantly underexplored and amenable to new large-scale discoveries.

The Company also retains copper rights to the Balfour Project in the Pilbara of Western Australia (tenure held by Black Canyon (ASX: BCA)).

The Mt Rawdon West Project is Killi’s flagship exploration asset, comprising of tenement EPM27828 which covers 309km[2] of prospective gold and copper ground between Evolutions Mt Rawdon Gold Mine and SolGold’s Mt Perry Project, located inland 60 kilometres from Bundaberg in Queensland

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(Figure 3). The project is an early-stage exploration play and hosts a large Cu-Au-Mo soil geochemical anomaly at the intersection of major structural breaks, extending from the Mt Perry and Mt Rawdon deposits. This geochemical anomaly is coincident with compelling geophysical features.

The geochemical and geophysical anomalies at Mt Rawdon West are significant due to the following characteristics:

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• The size and scale of the surface copper-gold anomalies;

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• The grade of copper and gold in soils;

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• The elements associated with the gold and copper, specifically molybdenum, and the zones of pathfinder elements, with lead and zinc on the periphery;

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• The geophysical features (IP, magnetics, radiometrics and VTEM) that are coincident with geochemistry;

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• The location of the anomalism at the intersection of key geological units, Curtis Island sediments, with the Triassic and Permian Granodiorites;

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• The presence of blind intrusive features adjacent to the geochemical anomalies; and The existence of strongly mineralised veins and shears with a large alteration halo in drilling.

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Figure 3. Location of all Killi Resources Projects in Australia.

The Ravenswood North Project consists of five granted tenements totalling ~580km[2] , mostly covering the prospective Ravenswood-Charter Towers gold corridor, host to Ravenswood Gold Mine, Charter Towers, Golden Valley, Kitty O’Shea, Mt Success and Piccadilly. The Company believes this project has the potential to host an Intrusive-Related Gold System.

The West Tanami Project in Western Australia includes 100% ownership of 1,634km[2] in granted tenure, hosting over 100 kilometre strike of major gold corridor. The existing gold endowment of the Tanami Gold Province is greater than 19M oz Au and includes the Callie, Tanami, Twin Bonanza, Coyote and Kookaburra mines.

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Exploration at West Tanami is being undertaken by Gold Fields Limited (JSE: GFI), who have the right to earn up to an 85% interest in the project by spending $13 million within five years. The Joint Venture agreement between Killi and Gold Fields ensures the project will be adequately and systematically explored in the coming years, leveraging it to the financial market’s sentiment for gold.

Enquires

Brett Smith Chief Executive Officer admin@killi.com.au

Compliance Statement

The information in this report that relates to prior Exploration Results are extracted from the ASX Announcements listed below which are available on the Company’s website www.killi.com.au and the ASX website (ASX code: KLI):

Table 2 – KLI ASX Announcements referenced in this report

Table 2– KLI ASX Announc	ements referenced in this report
Date	Announcement title
7 September 2023	Mt Rawdon – High-grade Cu-Au at surface, at Baloo Prospect
30 October 2023	Mt Rawdon – Large-scale Cu-Au porphyry targets defined
20 May 2024	Mt Rawdon – Exploration recommences
9 July 2024	Mt Rawdon – Confirmed high-grade Au-Cu at Kaa
21 October 2024	Mt Rawdon – Drilling confirms large-scale Au-Cu system
21 November 2024	Mt Rawdon – Significant IP target identified at Baloo
4 December 2024	Mt Rawdon – Drill results indicate large epithermal at Kaa
25 June 2025	Corporate – Company Presentation

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 Mr Brett Smith. Mr Smith is a Member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr Smith 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. Mr Smith is a consultant to Killi Resources Limited and consents

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KILLI Resources Limited | ASX Announcement | www.killi.com.au | ASX:KLI

to the inclusion in this report of the matters based on this information in the form and context in which it appears.

Forward Looking Statements

This ASX announcement contains certain statements that may constitute “forward looking statement”. Such statements are only predictions and are subject to inherent risks and uncertainties, which could cause actual values, results, performance achievements to differ materially from those expressed, implied or projected in any forward looking statements.

Forward looking statements are statements that are not historical facts. Words such as “expect(s)”, “feel(s)”, “believe(s)”, “will”, “may”, “anticipate(s)” and similar expressions are intended to identify forwardlooking statements. These statements include, but are not limited to statements regarding future production, resources or reserves and exploration results. All such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements.

These risks and uncertainties include, but are not limited to: (i) those relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations, (ii) risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined, (iii) the potential for delays in exploration or development activities or the completion of feasibility studies, (iv) risks related to commodity price and foreign exchange rate fluctuations, (v) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities, and (vi) other risks and uncertainties related to the Company’s prospects, properties and business strategy. Our audience is cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof, and we do not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.

The Company believes that it has a reasonable basis for making the forward-looking Statements in the announcement based on the information contained in this and previous ASX announcements.

KILLI Resources Limited | ASX Announcement | www.killi.com.au | ASX:KLI

Table 3: Checklist of Assessment and Reporting Criteria

18[th] August 2025

Soil Sampling Program – Mt Rawdon West Project – King Louie Prospect

Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	JORC Code explanation	Commentary
Sampling techniques		Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals	Soil samples MRSL0001 – MRSL0158 were collected and sieved with 80um mesh in the field, placed in boxes in order and delivered by courier to Intertek-Genalysis at Maddington, Perth, Western
		under investigation, such as down hole gamma sondes, or handheld XRF	Australia.
		instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representivity and the	The samples were tested for gold and multi-elements utilising the Triple Quad 53 Element Aqua Regia ICP-MS package.
		appropriate calibration of any measurement tools or systems used.	Including duplicate samples, a total of 161 samples were collected, submitted for analysis and
		Aspects of the determination of mineralisation that are Material to the Public	recorded in the Company’s Database.
		Report.
		In cases where ‘industry standard’ work has been done this would be relatively
		simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from
		which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases
		more explanation may be required, such as where there is coarse gold that has
		inherent sampling problems. Unusual commodities or mineralisation types (e.g.
		submarine nodules) may warrant disclosure of detailed information.
Drilling techniques		Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth	N/A–no drilling program has been undertaken
		of diamond tails, face-sampling bit or other type, whether core is oriented and if
		so, by what method, etc.).
Drill sample		Method of recording and assessing core and chip sample recoveries and results	N/A – no drilling program has been undertaken
recovery		assessed.
		Measures taken to maximise sample recovery and ensure representative nature of
		the samples.
		Whether a relationship exists between sample recovery and grade and whether
		sample bias may have occurred due to preferential loss/gain of fine/coarse
		material.
Logging		Whether core and chip samples have been geologically and geotechnically logged	Soils were logged for colour and depth within the regolith profile, recorded on a GPS, and later loaded
		to a level of detail to support appropriate Mineral Resource estimation, mining	into the Company’s database.
		studies and metallurgical studies.
		Whether logging is qualitative or quantitative in nature. Core (or costean, channel,
		etc.) photography.
		The total length andpercentage of the relevant intersections logged.
Sub-sampling techniques and	 	If core, whether cut or sawn and whether quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled	For the soil samples a 100 – 200 gram sample of –80um mesh sieved soil, was collected for submission to the laboratory. The sample size is deemed appropriate for the rock type intersected
sample preparation	 	wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all sub-sampling stages to maximise	and the method of analysis. At the laboratory the samples were again dry-sieved to –80um mesh, as part of the sample preparation process.
		representivity of samples.
		Measures taken to ensure that the sampling is representative of the in-situ

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Criteria	JORC Code explanation	JORC Code explanation	Commentary
		material collected, including for instance results for field duplicate/second-half
		sampling.
		Whether sample sizes are appropriate to the grain size of the material being
		sampled.
Quality of assay data and laboratory tests	 	The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc., the	Soil samples were analysed for gold and multi elements via Triple Quad 53 Element Aqua Regia ICP- MS (AR005/MSQ53), which is a 0.5 gram mini Aqua-Regia digest analysed by Inductively Coupled Plasma Mass Spectrometry.
		parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.. Nature of quality control procedures adopted (e.g. standards, blanks, duplicates,	Within this announcement results are reported for Au, Cu, Mo and Zn. Elements reported by the laboratory (with the detection limits in brackets) include:
		external laboratory checks) and whether acceptable levels of accuracy (ie lack of	Au (0.1 ppb) Ag (0.1 ppm), Al (0.0001 %), As (0.03 ppm), B (0.5 ppm), Ba (0.05 ppm), Be (0.005 ppm),
		bias) and precision have been established.	Bi (0.005 ppm), Ca (0.0001 %), Cd (0.002 ppm), Ce (0.002 ppm), Co (0.01 ppm), Cr (0.1 ppm), Cs
			(0.01 ppm), Cu (0.05 ppm), Fe (0.0002 %), Ga (0.005 ppm), Ge (0.01 ppm), Hf (0.002 ppm), Hg (0.002
			ppm), In (0.002 ppm), K (0.0005 %), La (0.002 ppm), Li (0.02 ppm), Mg (0.0005 %), Mn (0.2 ppm), Mo
			(0.01 ppm), Na (0.0005 %), Nb (0.002 ppm), Ni (0.04 ppm), P (2 ppm), Pb (0.005 ppm), Pd (1 ppb), Pt
			(2 ppb), Rb (0.005 ppm), Re (0.0002 ppm), S (2 ppm), Sb (0.005 ppm), Sc (0.005 ppm), Se (0.01 ppm),
			Sn (0.02 ppm), Sr (0.01 ppm), Ta (0.005 ppm), Te (0.002 ppm), Th (0.001 ppm), Ti (1 ppm), Tl (0.005
			ppm), U (0.001 ppm), V (0.02 ppm), W (0.01 ppm), Y (0.001 ppm), Zn (0.02 ppm), & Zr (0.01 ppm).
			As per internal Company procedures, standard certified reference material was submitted with the
			samples.
Verification of sampling and assaying	 	The verification of significant intersections by either independent or alternative company personnel. The use of twinned holes.	The assays and multi-element associations were interrogated to determine areas of interest for follow- up infill and extension sampling. For this report the results of gold, copper, molybdenum and zinc are reported in Table 1, with the gold values provided as ranges in Figure 1.
		Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.	All assays have been loaded into the Company’s database and QAQC passes internal procedures.
		Discuss any adjustment to assay data.	No adjustments have been applied to the assay data.
Location of data points		Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource	The location of the soil samples was recorded using a hand-held GPS and field notebook. Waypoints were recorded at each location within the MGA94_56S grid-system and reconciled with the database
		estimation.	and via GIS programs.
		Specification of the grid system used.
		Quality and adequacy of topographic control.
Data spacing and distribution	 	Data spacing for reporting of Exploration Results. Whether the data spacing and distribution is sufficient to establish the degree of	The spacing of soil samples of 400 metres by 200 metres is adequate as a first-pass test for this style of mineral system across a large area. No compositing of samples has been applied.
		geological and grade continuity appropriate for the Mineral Resource and Ore
		Reserve estimation procedure(s) and classifications applied.
		Whether sample compositing has been applied.
Orientation of data in relation		Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.	No bias due to the orientation of samples is assumed.
to geological		If the relationship between the drilling orientation and the orientation of key
structure		mineralised structures is considered to have introduced a sampling bias, this
		should be assessed and reported if material.
Sample security		The measures taken to ensure sample security.	The soil samples were delivered by the field assistants, who collected the samples directly from site
			to the Terrasearch office in Townsville, before being couriered to Perth for analysis.
Audits or reviews		The results of any audits or reviews of sampling techniques and data.	The Company has completed an internal audit on the data to confirm the Company QAQC guidelines are followed.

Section 2 Reporting of Exploration Results

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Criteria	JORC Code explanation	JORC Code explanation	Commentary
Mineral tenement and land tenure status	(a)	Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental	The tenements relating to this announcement are held within Access Australia Mining Pty Ltd, which is a wholly owned subsidiary of Killi Resources limited. The results in this announcement are on granted tenement EPM 27828.
		settings.	At this point the Company is not aware of any reasons that inhibit it to operate on the tenement in the future.
	(b)	The security of the tenure held at the time of reporting along with	There are no overriding royalties, joint ventures or partnerships over this ground.
		any known impediments to obtaining a licence to operate in the
		area.
Exploration done by other parties	(c)	Acknowledgment and appraisal of exploration by other parties.	Exploration has taken place on the tenements by Equigold NL, Solgold and Acapulco. Exploration has included the collection and analysis of stream, soil, and rock chip samples across the tenement, and an airborne VTEM survey was completed by Solgold.
			Killi have completed rock chip, soil sampling and geophysical surveys at the Baloo and Kaa prospects. A small
			drilling program was also completed at the Kaa prospect in 2024.
Geology	(d)	Deposit type, geological setting and style of mineralisation.	Tenement EPM 27828 is prospective for intrusion-related gold deposits and porphyry copper gold systems. This
			tenement is immediately adjacent to the New Moonta and Nicho’s reward copper/goldfields and along strike
			from the 2.5M oz Mt Rawdon Gold Mine owned by Evolution.
Drill hole	(e)	A summary of all information material to the understanding of the	Soil sample details have been compiled and reported within the text of the document, tables and diagrams.
Information		exploration results including a tabulation of the following
		information for all Material drill holes:
		(i) easting and northing of the drill hole collar
		(ii) elevation or RL (Reduced Level – elevation above sea
		level in metres) of the drill hole collar
		(iii) dip and azimuth of the hole
		(iv) down hole length and interception depth
		(v) hole length.
	(f)	If the exclusion of this information is justified on the basis that the
		information is not Material and this exclusion does not detract
		from the understanding of the report, the Competent Person
		should clearly explain why this is the case.
Data	In reporting Exploration Results, weighting averaging techniques, maximum		No weighting has been applied to the assay results. No cut-offs were applied to the assays.
aggregation	and/or minimum grade truncations (e.g. cutting of high grades) and cut-off		No metal equivalents were reported.
methods	grades are usually Material and should be stated.
	Where aggregate intercepts incorporate short lengths of high-grade results
	and longer lengths of low-grade results, the procedure used for such
	aggregation should be stated and some typical examples of such
	aggregations should be shown in detail.
	The assumptions used for any reporting of metal equivalent values should be
	clearly stated.
Relationship	These relationships are particularly important in the reporting of Exploration		As there are no drill holes into the area and there is limited outcrop at surface to delineate a specific
between	Results.		lithological orientation, the specific geometry of the mineralisation is not known and remains an interpretation
mineralisation			of the results.

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Criteria	JORC Code explanation	Commentary
widths and	If the geometry of the mineralisation with respect to the drill hole angle is
intercept	known, its nature should be reported.
lengths	If it is not known and only the down hole lengths are reported, there should be
	a clear statement to this effect (e.g. ‘down hole length, true width not known’).
Diagrams	Appropriate maps and sections (with scales) and tabulations of intercepts	Diagrams have been provided within the text of this announcement to provide context and location of the soil
	should be included for any significant discovery being reported These should	results in relation to the tenement boundaries.
	include, but not be limited to a plan view of drill hole collar locations and
	appropriate sectional views.
Balanced	Where comprehensive reporting of all Exploration Results is not practicable,	All results relevant to this document can be found in Table 1 & Figure 1.
reporting	representative reporting of both low and high grades and/or widths should be
	practiced to avoid misleading reporting of Exploration Results.
Other	Other exploration data, if meaningful and material, should be reported	No other substantive exploration data to report
substantive	including (but not limited to): geological observations; geophysical survey
exploration data	results; geochemical survey results; bulk samples – size and method of
	treatment; metallurgical test results; bulk density, groundwater, geotechnical
	and rock characteristics; potential deleterious or contaminating substances.
Further work	The nature and scale of planned further work (e.g. tests for lateral extensions	Killi Resources plans to conduct further exploration work programs on the tenement, including geophysics,
	or depth extensions or large-scale step-out drilling).	further geochemical sampling and drilling.
	(g) Diagrams clearly highlighting the areas of possible extensions,	Diagrams have been completed as interpretation of the geology from existing geophysical data and observations
	including the main geological interpretations and future drilling	from the field.
	areas, provided this information is not commercially sensitive_._

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