Killi Resources (ASX: KLI) has been awarded a $275,000 grant under the Queensland government’s collaborative exploration initiative (CEI) to drill targets within the Baloo prospect at the Mt Rawdon West copper-gold project.
The proposed campaign will include two holes for a total of 900 metres of core drilling to test the prospect’s geochemical anomalism and shallow geophysical features along the Mt Rawdon Fault.
Preferred drill targets have already been defined for the co-funded campaign.
To qualify for the grant, drilling must commence by 1 October 2026 and be completed by 4 December 2026, while exploration activities must be completed and reported by 1 February 2027.
Early-Stage Exploration Play
Mt Rawdon West covers 309 square kilometres of prospective ground, between Evolution Mining’s (ASX: EVN) Mt Rawdon gold mine and SolGold’s Mt Perry project near Bundaberg in the state’s southeast.
The early-stage exploration play hosts the Baloo prospect over an area dominated by shallow transported cover with a 1,400m copper-gold-molybdenum-bismuth soil anomaly at the junction of major intrusive bodies and regionally-significant structures, with peak soil assays of 1,760 parts per billion gold and 602ppm copper.
The project’s anomalies are reported to contain elements associated with copper-gold (specifically molybdenum), with lead and zinc on the periphery.
Other characteristics include the presence of blind intrusive features adjacent to the geochemical anomalies, and strongly mineralised veins and shears with a large alteration halo.
Outcropping Mineralisation
Historical exploration at Mt Rawdon West focused on outcropping mineralisation in the form of regional extensional quartz sulphide veins (bearing copper-gold).
However, it failed to consider buried mineralised intrusive bodies (such as the Mt Rawdon deposit, 20km to the south) that may be heavily weathered and leached.
Killi has gained an advanced the understanding of Mt Rawdon West’s high-priority areas through the analysis and interrogation of extensive historic and new surface geochemical sampling.
The company identified geochemical signatures consistent with intrusive-related mineralisation during a 2024 exploration program and more recent results have refined these anomalies for drilling.
