KILLI RESOURCES LIMITED — Interim / Quarterly Report 2024

Oct 30, 2024

QUARTERLY REPORT SEPTEMBER 2024

ASX: KLI

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31 October 2024

Highlights

• Killi completes a $2.0 million capital raise to further drilling and exploration at the Mt Rawdon West Project, Queensland.

• First drill results at the Kaa prospect confirm a large gold-copper system with mineralisation returned in the first three holes over a 1km strike.

• Cash position at end of the quarter of $3 million, with the Company well-funded to continue exploration activities at Queensland Projects.

• 3D IP survey completed at the Baloo prospect post Quarter end.

Killi Resources Limited (ASX: KLI) (“Killi Resources” or “the Company”) is pleased to report on corporate and exploration activities during the quarter ended 30 September 2024 ( Quarter ).

Killi Resources Chief Executive Officer, Kathryn Cutler said: “We’ve had a very busy and productive Quarter focussing on the Mt Rawdon Project. The first drill program ever at the Kaa target commenced during the Quarter, where the Company completed six diamond holes for ~1,400m. The first results indicate Kaa to be a large epithermal system, with large zones intense alteration and veining observed downhole over the drillholes 1km apart. The first drill assays have been released to the market, with the remaining assays for three drillholes still pending.

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Figure 1. Diamond drill core from MRDD003, sulphide rich breccia, with epithermal veining, returning 2.45m @ 0.44g/t Au, 7.27g/t Ag and 1.1% Cu from 129m in assay.

KILLI Resources Limited | Quarterly Activities Report | www.killi.com.au | ASX:KLI

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Exploration activities

Mt Rawdon West Project (100% owned, Queensland)

The Company controls a 300km[2] land holding inland from Bundaberg, which covers the intersecting mineral structures from the Mt Rawdon Gold Mine (2M oz produced) and the Nickos Reward Gold Deposit. Located within the historical Mt Perry mining district and within a sequence of sediments intruded by multiple granitoids.

Gold and copper mineralisation in the area is associated with the intersection of the regional north-west trending faults, with the cross-cutting east-north-east faults (ASX Announcement 7 September 2023).

In the previous quarter the Company released outstanding surface rock chip results and results of an Induced Polarisation (IP) geophysical survey at the Kaa target.

KAA TARGET – High-grade gold-copper-silver results

Previously the Company announced a 1,700m x 500m gold-copper-molybdenum anomaly in soils at the Kaa prospect. In addition, the first pass rock chip program at the old workings in the north-west of the soil anomaly returned 12.4g/t Au and 4.5% Cu.

Field work completed in June 2024 identified a high-grade gold and copper structure in-situ at surface which extends from the historical ‘Wonbah Copper Mine’ along the soil anomaly to the south-east along a ridge. Rock chips collected during this recent program were taken from outcrop along the ridge which is approximately 200m in width.

Additional old workings, veins and gossan structures were located along the trend and sampled and returned on average 5-6g/t Au, 1-2% Cu, and >100g/t Ag, Figure 2.

One specific gossanous outcrop striking east-southeast and dipping shallowly to the south-west was sampled and returned an outstanding result of 238g/t Au, 2.1% Cu, 513g/t Ag, 2.2% Pb, 0.3% Zn (MRRK074). The outcrop is interpreted as the main Kaa gold-copper trend exposed at surface. Across the majority of the 1.8km trend, rock chips returned 12-14g/t Au from this feature, however at the location of MRRK074, the veining and alteration is more intense with the exposed gossan 40cm in width and 2m in strike.

In addition to the high-grade gold-copper rock chip multiple samples along the trend returned stellar results of:

• 5.89g/t Au, 5.4% Cu & 45.7g/t Ag (MRRK073)

• 4.38g/t Au, 2.1% Cu & 134g/t Ag (MRRK070)

• 14.3g/t Au, 2.2% Cu & 907g/t Ag (MRRK061)

• 12.3g/t Au, 0.3% Cu & 60.0g/t Ag (MRRK061)

• 1.41g/t Au, 4.7% Cu & 34.1g/t Ag (MRRK066)

• 5.81g/t Au, 1.9% Cu & 211g/t Ag (MRRK068)

• 6.06g/t Au, 1.5% Cu & 585g/t Ag (MRRK072)

• 3.49g/t Au, 2.8% Cu & 195g/t Ag (MRRK071)

This trend remains open along strike to the northwest and southeast where it goes undercover, and beyond soil sampling coverage. Further soil sampling is planned to test the trend along strike.

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KILLI RESOURCES LIMITED | September 2024 Quarterly Report | ASX: KLI

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Figure 2. Kaa, gold-copper trend, with rock chip results (Refer ASX Announcement 9 July 2024).

FIRST RESULTS FROM KAA DRILL CAMPAIGN

Results from the first three diamond drill holes of the six completed at the Kaa prospect to date, from the first ever drill campaign, were released post-Quarter end.

Drill results have returned significant assays with maximum values of 5.9g/t Au, 40.8g/t Ag and 3.7% Cu , extending mineralisation beneath surface rock chips, Figure 3. Significant gold, copper and silver results have been returned for the first holes, associated with shear zones and sulphide bearing quartz veins, they include:

• 0.5m @ 5.9g/t Au, 21.1g/t Ag & 0.7% Cu from 136m (MRDD002)

• 1.1m @ 0.1g/t Au, 20.3g/t Ag & 1.8% Cu from 23m, Inc. 0.5m @ 0.24g/t Au, 40.8g/t Ag & 3.7% Cu (MRDD003)

• 0.6m @ 0.3g/t Au, 37g/t Ag & 1.6% Cu from 34m (MRDD003)

• 2.45m @ 0.44g/t Au, 7.27g/t Ag & 1.1% Cu from 129m (MRDD003)

Killi has completed six diamond drill holes for 1,402m for the first drill holes ever along the 1.8km gold-copper-silver trend at the Kaa prospect, and the wider the Mt Rawdon West Project. Drill holes were designed to test both IP targets and beneath the old workings and mineralised trend in the first instance, Figure 4.

All three holes intersected wide zones up to 150m, of intense potassic, silica and sericite alteration, with quartzcarbonate veining within the granodiorite. Structures within these wide zones of alteration contained sulphide bearing quartz veins, with visible pyrite, chalcopyrite, malachite, azurite and arsenopyrite. The broad zones of intense potassic and silica alteration are very encouraging as they indicate significant movement of hydrothermal fluids and are often indicators of proximity to an epithermal copper-gold system.

Assays returned anomalous pathfinder elements of antimony, bismuth, tungsten and mercury with elevated goldcopper-silver values.

Veins intercepted in core, align with surface veins and old workings, which on average returned 5-6g/t Au, 30-100g/t Ag and 1-2% Cu at surface along the 200m wide and 1.8km long trend. As these are the first holes at the project, the optimal hole location and drill direction is yet to be determined at this early stage of exploration.

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KILLI RESOURCES LIMITED | September 2024 Quarterly Report | ASX: KLI

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Figure 3. Location of drill holes completed, along 1.8km mineralised trend, with existing rock chip samples. (Refer- ASX Announcement 21 October 2024).

The width of veins and sulphide content within the veins increases with proximity to the main trend and towards the south-eastern end of the trend. Providing the first vector point to use for future targeting to assist in unlocking the potential of Kaa as a new epithermal system.

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Figure 4. Long-section of the 1.8km Kaa Gold-Copper-Silver trend, with surface rock chip samples, drill hole pierce points for the first two holes into the trend, overlaying the IP geophysical results.

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KILLI RESOURCES LIMITED | September 2024 Quarterly Report | ASX: KLI

TECHNICAL UNDERSTANDING OF KAA

Mineralised veins have been intersected from the first holes which are spread over 1km along the trend, from the north to south. The width of mineralised veins and abundance of sulphides within the veins increases towards the southern end of 1.8km gold-copper the trend. This observation suggests the source of mineralisation may be controlled in the south-east of the trend, providing the first vector for the Company to use in exploration campaigns.

The southern end of the trend is where the highest-grade surface rock chip samples were returned which included 238g/t Au, 2.1% Cu, and 513g/t Ag . MRDD003 drilled beneath the high-grade rock chip sample and intercepted three quartz-veins and a 3m wide mineralised shear zone. The orientation of the mineralised veins and the controls on them are yet to be determined, however intercepting visible veined copper mineralisation in the first holes is a strong signal to the potential and scale of this project, Figure 5.

Structural measurements have been collected from the veins and shears observed, and along with pXRF data and multi-element assays, will be used to vector future drilling towards the source of the gold and copper mineralisation.

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Figure 5. Left to Right. MRDD001, 227.3m strong potassic alteration of granodiorite with sulphide bearing quartzvein (0.6m @ 10ppb Au, 0.5g/t Ag & 857ppm Cu). MRDD002, 136.15m quartz-sulphide vein within shear of strong sericite alteration of granodiorite (0.5m @ 5.89g/t Au, 21.1g/t Ag & 0.7% Cu). MRDD003, 34.9m strong silica and sericite alteration in granodiorite, quartz veins with visible chalcopyrite (0.6m @ 0.3g/t Au, 37g/t Ag & 1.6% Cu).

Two holes have been drilled off the main trend, targeting IP anomalies, with the anomaly represented by intense potassic alteration zones. From the drilling it is determined the chargeable targets generated from the IP survey represent deep-set regional faults.

Epithermal deposits are typically narrow, high-grade only a few metres in width, and extend over a few hundred metres. The drill position of the first few holes has been dictated by the topography of the region, as the Kaa ridge is 200m in width and increases with significant vertical elevation of 130m from the north-west end to the south-east end. The optimal drill direction is yet to be determined given the limited positions for drill platforms.

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KILLI RESOURCES LIMITED | September 2024 Quarterly Report | ASX: KLI

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Figure 6. Schematic of Epithermal and Porphyry style gold-copper-silver systems. The current understanding of Kaa indicates a potential epithermal system, and the geochemistry of Baloo indicates a porphyry Cu-Au-Mo target.

THE BALOO CU-AU TARGET

Geochemical data was evaluated using metal and element zonation’s. Each soil sample has a calculated dominant metal or element, which is then grouped to understand the zones within an intrusion-style deposit. The Baloo area shows a considerable copper-gold-molybdenum anomaly extending consistently 2.5km east-west across the tenement on the north-east corner of an interpreted caldera-like feature, Figure 7. The anomaly has a copper-goldmolybdenum core, flanked by bismuth-silver-tungsten, and more distally lead-zinc.

The anomaly is located at the intersection of the Permian-Triassic granodiorites with the Curtis Island sediments, a favourable geological setting for intrusion style copper-gold systems, on the east coast of Australia. Within Queensland Permian aged rocks are dominantly the hosts rocks for porphyry-style copper-gold systems.

The existing geophysical VTEM data was processed using the Centre for Exploration Targeting (CET)- intrusive tool to identify blind-intrusive features. A 500m[2] blind-intrusion has been identified at the intersection of the regional fault structures, on the margin of the copper-gold-molybdenum soils anomaly.

At the Baloo target 16 rock chip samples have been collected to date with 10 samples returning >250ppm Cu, and 4 samples returning >50ppb Au. The peak gold value in soils is 1,760ppb Au which sits in the centre of the VTEM anomaly at Baloo, and 602ppm Cu, located 600m south of the VTEM anomaly.

Field mapping at Baloo identified highly strained sediments associated with the Mt Rawdon Fault on the eastern edge of the copper-gold-moly anomaly. Within the sediments, 1-2mm wide chalcopyrite veins were observed.

An additional 1.8km anomaly has also been determined south-west of Baloo and is interpreted as an offset of the original Baloo anomaly. Understanding the timing of the structures at the project indicates that the three copper-gold anomalies, may have once been from a single source.

Two additional targets were identified along the Mt Rawdon Fault, between the Kaa and Baloo targets, from the CET porphyry tool, which require ground-truthing and mapping.

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KILLI RESOURCES LIMITED | September 2024 Quarterly Report | ASX: KLI

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Figure 7. Metal zones, copper-gold-molybdenum anomaly, bismuth-silver-tungsten, and zinc-lead-antimony outwards. Copper-gold at Baloo in north-east corner of caldera feature and aligns with the geophysics anomaly determined from CET processing tool.

EXPLORATION PROGRAM FOR KAA & BALOO

From the work completed to date the Kaa and Baloo targets will remain the highest priority for the Company. This anomaly is significant due to the following characteristics:

• The size and scale of the copper-gold anomalies.

• The grade of copper and gold in soils (>250ppm Cu and >50ppb Au).

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

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

• The presence of blind intrusive features adjacent the geochemical anomalies.

• The addition of mineralised veins and shears in downhole.

Field Exploration recommenced in May 2024, with further reconnaissance, mapping and soil sampling. The ground IP geophysical survey for the Kaa target commenced in June and was completed in July 2024, Figure 8. The ground IP geophysical survey for Baloo commenced in September, with results pending at the end of the Quarter.

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KILLI RESOURCES LIMITED | September 2024 Quarterly Report | ASX: KLI

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Figure 8. Baloo and Kaa targets, with the area planned for the ground IP Survey.

KILLI RESOURCES LIMITED | September 2024 Quarterly Report | ASX: KLI

West Tanami Project (100% owned, Western Australia – Joint Venture with Gold Fields Limited)

The project covers 1,600km[2] of the Tanami Geological Belt, and 100kms strike of the main gold mineralising structures, located 120kms along strike from the 14-million-ounce Callie Gold Mine, Figure 9. The Tanami Geological Province is cut in half by the Western Australian and Northern Territory border, with 19 million gold ounces attributed on Northern Territory ground, and only ~700,000oz in Western Australia.

Killi entered into an Earn-in Joint Venture arrangement with Gold Fields Limited which ensures the project will be adequately and systematically explored in the coming years leveraging the Company to the current market gold price.

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Figure 9. Location of the West Tanami Project; Regional setting and gold deposits within the Tanami Belt.

Option and Joint Venture Summary

Pursuant to the option and joint venture agreement, Gold Fields has the right, but not the obligation to earn up to an 85% interest in the West Tanami Project by incurring total expenditure of $13 million over the next 7 years. The material terms and conditions of the Agreement are set out below:

Earn-in Period

- - Option 1 A$5 million earn in to acquire an initial 60% interest

Gold Fields can exercise this option by incurring at least A$5 million in expenditure on the Project within three years with a minimum commitment of A$2 million required to be spent within 24 months. During the earn-in period, Gold Fields is to assume all costs and management of the project from execution of the agreement.

- - Option 2 A$8 million earn in to increase joint venture interest to 85%

Subject to the exercise of Option 1, Gold Fields may earn a further 25% interest in West Tanami Project (therefore increase its interest in the Project to 85%) by incurring an additional A$8 million in expenditure within 84 months of the date of execution of the Agreement.

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KILLI RESOURCES LIMITED | September 2024 Quarterly Report | ASX: KLI

Exploration forecast for Quarter 4, 2024:

The Company has worked through the projects in the portfolio to further develop avenues for opportunity, with the focus remaining on a new copper-gold discovery in Queensland.

The short-term exploration strategy will continue to focus on the Baloo and Kaa targets already identified and reported, as a priority at the Mt Rawdon West Project .

Exploration Pipeline:

1. Remaining drilling results to be released.

2. Further mapping and surface geochemistry programs to assist zoning of pathfinder elements for a coppergold system at Baloo and Kaa prospects.

3. Geophysical Results from the Ground IP Survey at Baloo to be released.

Compliance Statement

The information in this report that relates to Exploration Results for the Mt Rawdon West Project is extracted from the ASX Announcements listed below which are available on the Company website www.killi.com.au and the ASX website (ASX code: KLI):

Ref	Date	Announcement title
1	9 July 2024	Confirmed high-grade gold-copper at Kaa
2	24 July 2024	Parallel gold structures identified at Kaa
3	5 August 2024	Gold-copper drill targets confirmed at Kaa
4	19 August 2024	$2 Million placement as drilling set to commence
5	12 September 2024	Drilling continues at Kaa and IP survey commences at Baloo
6	21 October 2024	Drilling confirms large-scale Au-Cu system

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.

Corporate

Killi Resources held cash reserves of $3.07M as at 30 September 2024.

During the Quarter the Company completed the second tranche of a placement to raise $1.5m (before costs) with the first tranche of $0.76 million received during the previous quarter. The second tranche of $0.76 million including $0.50 million from Gold Fields Limited was received during the Quarter.

The Company issued 20,000,000 fully paid ordinary shares at $0.10 to raise $2m (before costs). under a placement completed on 23 August 2024.

In accordance with Listing Rule 5.3.1, details of the Company's group exploration activities for the Quarter, comprised exploration and evaluation costs associated with the rock chip and soil sample program and analysis undertaken at the Mt Rawdon Project. In addition, geological consulting, database and tenement management and administration overheads. The exploration expenditure for the Quarter was $529,000.

In accordance with ASX Listing Rule 5.3.2, the Company advise that no Mining Development of Production activities were conducted during the Quarter.

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KILLI RESOURCES LIMITED | September 2024 Quarterly Report | ASX: KLI

Related Party Transactions

In accordance with ASX Listing Rules 4.7C.3 payments to related parties of the entity and their associates outlined in the Company’s Appendix 5B for the quarter relate to Directors fees of $42,000.

Performance Rights

A summary of the Performance Rights currently on issue is outlined below.

Class	Milestone	Expiry	Number	Vested (Yes/No)
Class B Performance Rights	Each Class B Performance Right will vest and convert (at the election of the holder) into one Share upon the Company achieving a 20 Day VWAP exceeding $0.60.	Five (5) years from the date of issue.	1,850,0001	No
Class C Performance Rights	Each Class C Performance Right will vest and convert (at the election of the holder) into one Share upon the Company achieving a 20 Day VWAP exceeding $0.70.	Five (5) years from the date of issue.	510,0001	No
Class A1 and A2 Performance Rights	Continued employment	7 Feb 2026	53,4632	Yes
Total			2,413,463
1Allotted prior to the Company’s ASX admission. 2Issued during the December 2022 Quarter

Tenement Schedule

Table 1. Killi Resources Tenement Holding September 2024 quarter end

As required by listing rule 5.3.3 Iron Bull Bangemall Pty Ltd (a wholly owned subsidiary company of Killi Resources Limited) Access Australia Mining Pty Ltd (a wholly owned subsidiary company of Killi Resources Limited)

			Killi
	Tenement		Ownership	Change in
Project		Holder
	Number		(at end of	Ownership
			quarter)
West Tanami – Gold Fields Joint Venture (Western Australia)	E80/5100	Iron Bull Bangemall Pty Ltd	100%	Nil
	E80/5101	Iron Bull Bangemall Pty Ltd	100%	Nil
	E80/5102	Iron Bull Bangemall Pty Ltd	100%	Nil
	E80/5103	Iron Bull Bangemall Pty Ltd	100%	Nil
Ravenswood Nth (Queensland)	EPM26889	Access Australia Mining Pty Ltd	100%	Nil
	EPM26890	Access Australia Mining Pty Ltd	100%	Nil
	EPM26892	Access Australia Mining Pty Ltd	100%	Nil
	EPM26908	Access Australia Mining Pty Ltd	100%	Nil
	EPM26909	Access Australia Mining Pty Ltd	100%	Nil
	EPM28413	Access Australia Mining Pty Ltd	100%	Nil
Mt Rawdon West (Queensland)	EPM27828	Access Australia Mining Pty Ltd	100%	Nil

This Announcement has been authorised by the Board of Directors.

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KILLI RESOURCES LIMITED | September 2024 Quarterly Report | ASX: KLI

For enquiries contact:

Kathryn Cutler Chief Executive Officer +61 8 9322 7600 admin@killi.com.au

ABOUT KILLI RESOURCES

Killi is an Australian based mineral exploration Company focussed on projects in Western Australia and Queensland. The Company is actively exploring for gold and rare-earth elements in the Tanami region of WA, and for copper and gold mineral systems in Queensland, Figure 10.

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Figure 10. Location of all Killi Resources Projects in Australia.

West Tanami Project

The Company owns 100% of the West Tanami Gold Project in the north-east of Western Australian. The land holding totals 1,634km[2] of granted tenure over 100km strike of the major gold corridor, Tanami Fault System, with existing gold endowment of the Tanami Gold Province greater than 19M oz Au. Within the district there are multiple gold deposits which include Callie Gold Mine (Newmont, ~13Moz Au), the Tanami Goldfields (3M oz Au), Twin Bonanza (1.5M oz Au) and the Coyote and Kookaburra mines (Black Cat Syndicate, ~1M oz Au), Figure 11.

As of April 2024, Killi entered into and Earn-in Joint Venture Agreement with Gold Fields Limited at this project.

Ravenswood North

The Company owns 100% of the Ravenswood North Project located near Charter Towers in Queensland. The project consists of five granted tenements totalling ~580km[2] . The majority of the land holding covers the prospective Ravenswood-Charter Towers gold corridor, host to Ravenswood Gold Mine, Charter Towers, Golden Valley, Kitty O’Shea, Mt Success and Piccadilly, Figure 12.

The Company believes this project has the potential for an Intrusive-Related Gold System.

Mt Rawdon West

The Mt Rawdon West Project consists of one tenement currently in application, which covers 309km[2] of prospective gold and copper ground between Evolutions Mt Rawdon Gold Mine and SolGold’s Mt Perry Project, located inland 60km from Bundaberg (QLD), Figure 13. The Nicko’s Reward and Mt Rawdon structures intersect in the centre of the tenement and coincide with and existing 1.5km[2] geochemical soil anomaly of Cu-Au-Mo.

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KILLI RESOURCES LIMITED | September 2024 Quarterly Report | ASX: KLI

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Figure 11. Location of West Tanami Gold and REE Project in relation to existing Gold and REE Mines in the Tanami Province.

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Figure 12. Location of Ravenswood North Gold and Copper Project in relation to existing Gold Mines in the Charter Towers Province, Queensland.

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KILLI RESOURCES LIMITED | September 2024 Quarterly Report | ASX: KLI

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Figure 13. Location of Mt Rawdon West Project, in relation to major gold deposits nearby, and towns.

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KILLI RESOURCES LIMITED | September 2024 Quarterly Report | ASX: KLI

Rule 5.5

Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Name of entity Killi Resources Limited ABN Quarter ended (“current quarter”) 74 647 332 790 30 September 2024

Consolidated statement of cash flows	Current quarter $A’000	Year to date (3 months) $A’000
1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) staff costs (e) administration and corporate costs 1.3 Dividends received 1.4 Interest received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Government grants and tax incentives 1.8 Other 1.9 Net cash from / (used in) operating activities	- (529) - - (67) (219) - 4 - - - -	- (529) - - (67) (219) - 4 - - - -
	(811)	(811)
2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities (b) tenements (c) property, plant and equipment (d) exploration & evaluation (e) investments (f) other non-current assets	- - - - - -	- - - - - -

ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

Page 1

Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Consolidated statement of cash flows	Current quarter $A’000	Year to date (3 months) $A’000
2.2 Proceeds from the disposal of: (a) entities (b) tenements (c) property, plant and equipment (d) investments (e) other non-current assets 2.3 Cash flows from loans to other entities 2.4 Dividends received 2.5 Other (provide details if material) 2.6 Net cash from / (used in) investing activities	- - - - - - - -	- - - - - - - -
	-	-
3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 3.2 Proceeds from issue of convertible debt securities 3.3 Proceeds from exercise of options 3.4 Transaction costs related to issues of equity securities or convertible debt securities 3.5 Proceeds from borrowings 3.6 Repayment of borrowings 3.7 Transaction costs related to loans and borrowings 3.8 Dividends paid 3.9 Other (provide details if material) 3.10 Net cash from / (used in) financing activities	2,760 - - (139) - - - - -	2,760 - - (139) - - - - -
	2,621	2,621
4. Net increase / (decrease) in cash and cash equivalents for the period
4.1 Cash and cash equivalents at beginning of period 4.2 Net cash from / (used in) operating activities (item 1.9 above) 4.3 Net cash from / (used in) investing activities (item 2.6 above) 4.4 Net cash from / (used in) financing activities (item 3.10 above)	1,262 (811) - 2,621	1,262 (811) - 2,621

ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter $A’000	Year to date (3 months) $A’000
4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period		-	-
		3,072	3,072
5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts		Current quarter $A’000	Previous quarter $A’000
5.1 Bank balances 5.2 Call deposits 5.3 Bank overdrafts 5.4 Other (provide details) 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above)		3,072 - - -	1,262 - - -
		3,072	1,262
6. Payments to related parties of the entity and their associates			Current quarter $A'000
6.1 Aggregate amount of payments to related parties and their associates included in item 1 42 6.2 Aggregate amount of payments to related parties and their associates included in item 2 - Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments.			42
			-
7. 7.1 7.2 7.3 7.4 7.5 7.6	Financing facilities Note: the term “facility’ includes all forms of financing arrangements available to the entity. Add notes as necessary for an understanding of the sources of finance available to the entity. Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 Loan facilities - - Credit standby arrangements - - Other (please specify) - - Total financing facilities - - Unused financing facilities available at quarter end - Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.	Total facility amount at quarter end $A’000	Amount drawn at quarter end $A’000
		-	-
		-	-
		-	-
		-	-
	N/A

ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

8.	Estimated cash available for future operating activities	$A’000
8.1 8.2 8.3 8.4 8.5 8.6 8.7 8.8	Net cash from / (used in) operating activities (item 1.9) (811) (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) - Total relevant outgoings (item 8.1 + item 8.2) (811) Cash and cash equivalents at quarter end (item 4.6) 3,072 Unused finance facilities available at quarter end (item 7.5) - Total available funding (item 8.4 + item 8.5) 3,072 Estimated quarters of funding available (item 8.6 divided by item 8.3) 3.79 Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7. If item 8.7 is less than 2 quarters, please provide answers to the following questions: 8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?	(811) - (811) 3,072 -
		3,072
	N/A
	8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?
	N/A
	8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?
	N/A
	Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered.

Compliance statement

1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

• 2 This statement gives a true and fair view of the matters disclosed.

Date: 31 October 2024

Authorised by: The Board of Killi Resources Limited.........................

(Name of body or officer authorising release – see note 4)

Notes

1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.

2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.

ASX Listing Rules Appendix 5B (17/07/20)

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• See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

1. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.

2. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [ name of board committee – eg Audit and Risk Committee ]”. If it has been authorised for release to the market by a disclosure committee, you can insert here: “By the Disclosure Committee”.

3. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations , the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.

ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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