KILLI RESOURCES LIMITED — Investor Presentation 2024

Jun 19, 2024

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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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–
Gold Coast Investment Showcase
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Company Presentation
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Kathryn Cutler, Chief Executive Officer
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ASX | KLI

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Disclaimer

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The Company has prepared the Presentation based on information available to it at the time of preparation. No representation or warranty, express or implied, is made as to the currency, accuracy, reliability, completeness or fairness of the information, opinions and conclusions contained in this Presentation. Neither Killi, its related bodies corporate, shareholders or affiliates, nor any of their respective officers, directors, employees, affiliates, agents or advisers (guarantee or make any representations or warranties, express or implied, as to or take responsibility for, the currency, accuracy, reliability, completeness or fairness of the information, opinions and conclusions contained in this Presentation. Killi does not represent or warrant that this Presentation is complete or that it contains all material information about Killi or which a prospective investor or purchaser may require in evaluating a possible investment in Killi or acquisition of shares. To the maximum extent permitted by law, Killi and its agents expressly disclaim any and all liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of information contained in this Presentation, or otherwise arising in connection with it.

The information contained in this Presentation is for information purposes only, does not constitute investment or financial product advice (nor taxation, accounting or legal advice) and is not intended to be used as the basis for making an investment decision. In providing this Presentation, Killi has not considered the objectives, financial position or needs of any particular recipients. Before making an investment, investors should consider the appropriateness of the information in this Presentation having regard to their own objectives, financial situation and needs, and seek legal, taxation and financial advice appropriate to their jurisdiction and circumstances.

Any forward looking statements in this Presentation, including projections, forecasts and estimates, are provided as a general guide only and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties, assumptions, contingencies and other important factors, many of which are outside the control of Killi and which are subject to change without notice and could cause the actual results, performance or achievements of Killi to be materially different from the future results, performance or achievements expressed or implied by such statements. Past performance is not necessarily a guide to future performance and recipients of this Presentation are cautioned not to place undue reliance on such forward-looking statements.

Compliance Statement

The information in this Presentation that relates to prior Exploration Results for the West Tanami Project and the Ravenswood North Project is extracted from the following ASX Announcements lodged with ASX on 4[th] October 2022, 25[th] October 2022, 15[th] November 2022, 1[st] December 2022, 1[st] February 2023, 7[th] March 2023, 21[st] March 2023, 13[th] July 2023, 7[th] September 2023, 30[th] October 2023, 29[th] November 2023, 13[th] February 2024, 15[th] May 2024, and 20[th] May 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

ASX CODE	KLI
Shares on Issue(Proforma)*	120M
Market Cap(Proforma)(@ 4c)*	~$4.8M
Investments (ASX:BCA Shares) Cash(Proforma)*	$0.5M ~$2.05M
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

* Assume shareholder approval obtained in General Meeting, refer to ASX Announcement 15 May 2024

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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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West Tanami Project

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WA
WA
| Slide 4
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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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Queensland
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Queensland Copper-Gold Project

Exploring for a NEW high grade copper old de osit g p

• 60kms inland of Bundaberg

• Within highly fertile New England Fold Belt –

• Major Mineral Province, host to:

• Mount Morgan - 8Moz Au, 420,000t Cu (porphyry)

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QLD
QLD
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• -

• Gympie 5Moz Au (epithermal)

• Cracow - 3Moz Au (epithermal)

• Mt Rawdon - 2Moz Au (IRG)

Mt Rawdon West Project

• 100% owned , 300km[2] between Mt Rawdon Gold Mine (Evolution) and Mt Perry Project (SolGold)

• 8km along strike from Mt Rawdon Gold Mine

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Por phyry-Epithermal Systems

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WHAT ARE WE LOOKING FOR?

• New Cu + Au deposit

• System of size and scale

• Large tonnage

• Low grade

• Long mine life

• From surface

HOW DO WE EXPLORE FOR IT?

• Existing Cu/Au mineral belt

• Cu/Au mineralisation at surface

• Identification of veins and alteration at surface

• Identify a target below surface – using geophysics

• –

• IP SURVEY instrumental method for finding Cadia (Newcrest) Optimises drill direction and forms solid drill target

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Ex ploring for copper/gold deposit

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1.8km x 0.4km Cu-Au-Mo soil anomaly

Covers intersection of two main mineral corridors

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4km x 1.5km
Cu-Au-Mo soil anomaly
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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 7% Cu & 12.4g/t Au

Not one drillhole on the tenement

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| Slide 8
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Large-scale fertile system

Porphyry-Epithermal System?

• Large-scale zoned system

• Core - Cu/Au/Mo

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Wonbah Mo
Mine
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• Proximal - Bi/Ag/W

• Distal - Pb/Zn

• Within strong Cu/Zn ratio envelope

• Elements suggest fertile and hydrous porphyry system

• No existing drilling

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Legend
>20ppb Au in Soils
0.9 Cu/Zn Ratio
Copper (Z Score)
Molybdenum (Z score)
>1% Cu (rock chip)
VTEM Anomaly
Qtz-Ser-Magnetite Breccia
Geology
Major Regional Structures
Local Structures
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Wonbah Cu
Mine
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(Carboniferous) Curtis Island Group

(Permian) Tenningering Granodiorite (Late Triassic) Hogback Granite Wonbah Granodiorite Baloo Killi Prospects Killi 100% owned tenements | Slide 9

ASX Announcement – 20[th] May 2024

KAA Target

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Copper-gold Breccia

• Rock Chips returned 12.4g/t Au & 2% Cu , 4.5% Cu & 3.3% Cu in assay

• 1.8km x 0.4km Cu-Au-Mo soil anomaly.

• Peak copper of 1,595ppm Cu

• • Peak gold of 460ppb Au

• 120m quartz-sericitemagnetite breccia extends across a single ridge parallel to old workings

• • Not one drillhole at the target

Qtz-Ser-Mag

Tonalite

ASX Announcement – 20[th] May 2024

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ASX
KLI
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BALOO Target

Copper gold Anomaly

• Copper minerals at surface >7.2% Cu

• Old shafts/mines

• Geophysical anomaly (VTEM)

• Soil up to 1,760ppb Au & 602ppm Cu

• Within large 0.9 Cu/Zn envelope

• Not one drillhole at the

• 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

Baloo Cu-Au Target Killi 100% owned tenements | Slide 11

ASX Announcement – 20[th] May 2024

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EXPLORATION PLAN

Field Work to commence

• Mapping and geochemistry

• Induced Polarisation Survey (IP) commenced

• To provide drill targets

• Beneath surface geochemistry anomaly

• Maiden Drill Campaign

• Baloo Schematic of IP Survey

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S Cu-Au N
VTEM
Anomaly
Mo
Mo
300m
?
depth
1.5km width
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Legend
>20ppb Au in Soils
0.9 Cu/Zn Ratio
Copper (Z Score)
Molybdenum (Z score)
>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
| Slide 12
ASX
KLI
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Queensland
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Queensland Gold-Copper Project

90km from Townsville ~660km[2 ] RavenswoodCharters Towers Gold District (Au Cu target) Multi-million-ounce gold - province (Au Ag target) Potential for a large-scale 43km Intrusive Related Gold (IRG) System, like Ravenswood or Mt Wright Renewed area of exploration

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ASX
KLI
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Rock y – Au-Ag target

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• Gold Mineralisation at surface (1.5km[2] )

• Drilling completed on 300m x 300m spaced grid across the target

• Results from first 11 holes ever returned in assay:

  • 10m @ 0.66g/t Au fr 174m

  • 12m @ 0.31g/t Au fr 15m

• & 5m @ 0.31g/t Au fr 160m

• 5m @ 0.68g/t Au fr 51m

Plan view of the Rocky Prospect drilling with gold in soil results, and location of drillholes (ASX Announcement 13[th] July 2023).

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West Branch – Au-Cu target

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• High-grade surface results:

• 6.18% Cu, 8.93g/t Au, & 10.1g/t Ag

• 5.21% Cu, 8.47g/t Au, & 27.3g/t Ag

• Preliminary magnetics interpretation identifies potential intrusive feature beneath alluvial cover

• Processing underway to provide drill targets

Plan view of the West Branch Prospect with GSQLD geology, geophysical anomaly, and Killi Rock Chip results (ASX Announcement 4[th] October 2022). | Slide 16

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Balfour Project - Copper rights

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• 350km[2 ] tenement

• Potential for sedimentary hosted copper systems.

• Within Proterozoic sub-basin.

• Killi Retains copper rights, with no annual tenement expenditure or rent commitments.

• Issue of $200,000 worth of BCA Shares at settlement ( completed )

• Issue of $300,000 worth of BCA Shares upon estimation of a JORC compliant Mineral Resources from E46/1383 equal to, or greater than 50Mt grading at least 10% Mn ( completed )

WA

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ASX
KLI
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| Slide 17

Investment Proposition

THE COMPANY

• Belt-scale land holdings in major mineral provinces , for gold and copper

• Targeted exploration for a new copper/gold porphyry/epithermal system in Queensland

• Consistent geological review and targeting with a solid exploration pipeline

• Experienced Team with a discovery and delivery track record

Time for a new copper gold discovery in Queensland

EXPLORATION FOCUS

• Exploration to recommence in May/June 2024 at Baloo & Kaa

• Strong exploration pipeline at Copper-Gold targets

• IP Survey has commenced, will generate drill targets for Baloo and Kaa

• Maiden drill campaign to follow

• Market Cap – poised for discovery

| Slide 18

Registered Office Level 5, 191 St Georges Terrace, Perth WA, 6000 Physical Office 675 Murray Street, West Perth WA, 6005 Phone + 61 2 9299 9690 Website www.killi.com.au Email admin@killi.com.au

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ASX KLI