The Pick News

Killi confirms Gold Fields earn-in has commenced at West Tanami

Written by Colin Hay | Nov 27, 2024 7:10:07 AM

Killi Resources (ASX: KLI) has confirmed that its Joint Venture partner Gold Fields has commenced an airborne gravity survey, at the West Tanami Project in the Kimberley region of Western Australia.

The JV Agreement was entered into in May 2024, with Gold Fields taking over the operation and management of the project, for the duration of the agreement.

The West Tanami Project

The Project covers 1,600 sq. km of the Tanami Geological Belt, and 100km strike of the main gold mineralising structures and is located 120kms along strike from the 14-million-ounce Callie Gold Mine.

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 700,000 oz in Western Australia.

Killi said this Joint Venture arrangement between Killi and Gold Fields ensures the project will be adequately and systematically explored in the coming years leveraging the Project to the current market gold price.