Killi Resources Inks JV with Gold Fields on West Tanami Project

THE BOURSE WHISPERER: Killi Resources (ASX: KLI) announced the execution of an Option and Joint Venture Agreement with Gold Fields for the company’s West Tanami project in the Kimberley region of Western Australia.

Killi Resources reached the deal with Gold Fields via an indirect wholly owned subsidiary of that company, under which $13 million will be spent to earn an 85 per cent interest in the West Tanami project.

“We are thrilled to have a partner in Gold Fields at the West Tanami project,” Killi Resources chief executive officer Kathryn Cutler said in the company’s ASX announcement.

“This partnership allows access to expertise and funding for the longer-term and will ensure the project continues its progress in pursuit of a new orogenic gold system in the Tanami.

“Importantly, this $15 million valuation of the West Tanami project, represents just one of Killi’s three 100 per cent-owned belt-scale copper-gold assets.

“Whilst the JV enables systematic exploration to continue in the Tanami, it also enables Killi to focus exploration at the Mt Rawdon West project where the company will continue to explore in 2024 for a new copper-gold system near Bundaberg.”

Killi Resources’ project portfolio also holds two wholly-owned projects in Queensland, based near Townsville in the Charters Towers region and Bundaberg in the Mt Rawdon district, where the company is focused on finding a new gold and/or copper deposit.

The two projects are belt-scale land holdings, located in well-endowed mineral provinces, that are significantly underexplored and amenable to a new large-scale discovery.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE