Killi Resources JV with Gold Fields to deliver $13 million exploration boost

Proactive - Interviews for investors

Killi Resources Ltd (ASX:KLI) CEO Kathryn Cutler sits down with Proactive’s Jonathan Jackson to discuss the company’s projects and a recently signed option and joint venture agreement with a subsidiary of Gold Fields Ltd. This agreement enables Gold Fields to spend up to $13 million to acquire an 85% interest in Killi's West Tanami Project in the Kimberley region of Western Australia. Cutler talks about the partnership, highlighting the expertise and funding it brings, which will support the ongoing development of a potential new orogenic gold system in the Tanami region. The West Tanami Project, which encompasses 1,600 square kilometres within the Tanami Geological Belt and includes 100 kilometres of the main gold mineralising structures, is 120 kilometres from the Callie Gold Mine. Currently, the West Tanami Project is valued at $15 million, representing one of three major copper-gold assets wholly owned by Killi. The joint venture will focus on systematic exploration in the Tanami area while allowing Killi to concentrate on exploring the Mt Rawdon West Project near Bundaberg in 2024. The aim here is to discover a new copper-gold system. This strategic move leverages the current favourable market conditions for gold. #ProactiveInvestors #KilliResources #ASX #GoldFields, #JointVenture, #WestTanamiProject, #KimberleyRegion, #WesternAustralia, #CopperGoldExploration, #MiningPartnerships, #OrogenicGoldSystem, #GoldExploration, #SystematicExploration, #GeologicalBelt, #MiningIndustry, #ResourceDevelopment, #ExplorationGoals, #CorporatePartnership, #GoldMining, #NaturalResources, #EconomicDevelopment, #StrategicInvestments #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews