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KILLI RESOURCES LIMITED — Investor Presentation 2024
Jul 10, 2024
65186_rns_2024-07-10_f161bc1e-2d22-4d25-b5bb-09b8b8902d11.pdf
Investor Presentation
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‘Time for a new Copper Gold
- C O P P E R G O L D
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Killi Resources Ltd
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CEO, Kathryn Cutler
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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, and 9[th] July 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
ASX CODE
KLI
Shares on Issue 120M Market Cap (@ 12c) ~$14.4M Investments (ASX:BCA Shares) $0.5M Cash (March Quarter 2024) ~$0.84M*
Shareholders
Top 20 44.6% Gold Fields 10% Directors and Management 4.8% Board/Advisor Options (@ $0.30) 6,500,000 Entitlement Options (@ $0.20) 14,500,048 Performance Rights 2,413,463
* Market Close (10/07/2024)
** Recent Capital Raise not included
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WEST TANAMI PROJECT
$13M Option & Joint Venture with
Gold Fields Gold
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
BOARD & MANAGEMENT
Richard Bevan Non-Executive Chairman
Greg Miles Non-Executive Director
Phil Warren Non-Executive Director
Kathryn Cutler Chief Executive Officer
Emma Wates Company Secretary
ASX
KLI
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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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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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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
Large-scale fertile system
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Porphyry-Epithermal System?
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Large-scale zoned system
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Core - Cu/Au/Mo
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Proximal - Bi/Ag/W
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Distal - Pb/Zn
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Within strong Cu/Zn ratio envelope
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Legend
Wonbah Cu >20ppb Au in Soils
Mine 0.9 Cu/Zn Ratio
Copper (Z Score)
Molybdenum (Z score)
>1% Cu (rock chip)
VTEM Anomaly
Qtz-Ser-Magnetite Breccia
Wonbah Mo
Mine Geology
Major Regional Structures
Local Structures
( Carboniferous )
Curtis Island Group
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Elements suggest fertile and hydrous porphyry system
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No existing drilling
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ASX Announcement – 20 [th] May 2024
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( Permian )
Tenningering Granodiorite
( Late Triassic )
Hogback Granite
Wonbah Granodiorite
Baloo Killi Prospects
Killi 100% owned tenements
| Slide 7
ASX
KLI
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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 KAA – 1.8km x 0.4km BALOO – 4km x 1.5km
Surface rock chips up to 7% Cu & 12.4g/t Au
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Not one drillhole on the tenement
| Slide 8
KAA Target
1.8km Au-Cu Trend
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Rock Chips returned in assay: • 238g/t Au, 2.1% Cu & 513g/t Ag • 14.3g/t Au, 2.2% Cu & 907g/t Ag • 12.3g/t Au, 0.3% Cu & 60g/t Ag • 12.4g/t Au, 2% Cu & 65.6g/t Ag • 5.89g/t Au, 5.4% Cu & 45.7g/t Ag • 5.81g/t Au, 1.9% Cu & 211g/t Ag • 6.06g/t Au, 1.5% Cu & 585g/t Ag
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Consistent 5-6g/t Au, 1-2% Cu +100g/t Ag
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Pathfinders: Sb, Bi, Hg, Te all present (3.58% Sb, 2,860ppm Bi)
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Not one drillhole at the target to date
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New Copper-Gold Trend Rock Chips This Announcement Previous rock chip results >1% Cu 0.5 - 1% Cu 0.1 – 0.5% Cu Mapped breccia Major Regional Structures ASX Announcement – 9[th] July 2024 Local Structures Killi tenement (EPM 27828) | Slide 9
KAA Target
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MRRK074
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MRRK071
MRRK072
MRRK061
238g/t Au, 2.1% Cu & 513g/t Ag
14.3g/t Au, 2.2% Cu & 907g/t Ag 3.49g/t Au, 2.8% Cu & 195g/t Ag 6.06g/t Au, 1.5% Cu 585g/t Ag & 3.58% Sb
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ASX Announcement – 9 [th] July 2024
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MRRK070 MRRK066 MRRK069
4.38g/t Au, 2.1% Cu & 134g/t Ag 1.41g/t Au, 4.7% Cu & 34.1g/t Ag 1.3% Cu & 7.46g/t Ag
| Slide 10
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EXPLORATION PLAN
Currently Underway
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Mapping and geochemistry
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Induced Polarisation Survey (IP)
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To provide drill targets
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Beneath surface geochemistry anomaly
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Maiden Drill Campaign to follow IP Survey
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IP Survey Crew at Kaa Target
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Legend
20ppb Au in Soils 0.9 Cu/Zn Ratio Copper (Z Score) Molybdenum (Z score)
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1% Cu (rock chip)
VTEM Anomaly Planned IP Survey Area
Geology
Qtz-Ser-Magnetite Breccia Major Regional Structures Local Structures
Baloo Killi Prospects Killi 100% owned tenements
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S Cu-Au N
VTEM
Anomaly
Mo
Mo
300m
?
depth
1.5km width
| Slide 11
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BALOO Target
Copper gold Anomaly
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Copper minerals at surface >7.2% Cu
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Old shafts/mines
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Geophysical anomaly (VTEM)
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Soil up to 1,760ppb Au & 602ppm Cu
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Within large 0.9 Cu/Zn envelope
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Not one drillhole at the
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target
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Legend
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15ppb Au in Soils
200ppm Cu
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500ppm Cu
0.9 Cu/Zn ratio
0.1-0.5% Cu (rock chip) > 1% Cu (rock chip)
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VTEM Anomaly
Geology
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Major Regional Structures
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Local Structures
(Carboniferous) Curtis Island Group
(Permian)
Tenningering Granodiorite
(Late Triassic) Wonbah Granodiorite
Andesite Dykes
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ASX
KLI
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Baloo Cu-Au Target Killi 100% owned tenements
ASX Announcement – 20[th] May 2024
| Slide 12
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West Tanami Project
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WA
WA
| Slide 13
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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
THE COMPANY
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Belt-scale land holdings in major mineral provinces , for gold and copper
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Targeted exploration for a new copper/gold porphyry/epithermal system in Queensland
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Consistent geological review and targeting with a solid exploration pipeline
Time for a new copper gold discovery in Queensland
EXPLORATION FOCUS
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Exploration has commenced at Baloo & Kaa
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Strong exploration pipeline at Copper-Gold targets
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IP Survey has commenced, will generate drill targets for Baloo and Kaa
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Maiden drill campaign to follow
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Experienced Team with a discovery and delivery track record
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Market Cap – On the move
| Slide 14
Registered Office Level 5, 191 St Georges Terrace, Perth WA, 6000 Physical Office 675 Murray Street, West Perth WA, 6005 Phone +61 9299 9690
Website www.killi.com.au Email [email protected]
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ASX KLI