14/02/2021/
Killi identifies giant potential for extensive rare earths at West Tanami – Stockhead
Just a few hot days after listing on the ASX, and Killi Resources has already identified rare earths potential over 95km of strike at its West Tanami project.
While the company has been super focused on defining a large gold system in Western Australia’s Tanami region, recent work has determined potential for rare earths mineralisation.
To assess this potential, Killi Resources (ASX:KLI) has started a district-wide geochemical evaluation of the tenement package to determine the project’s critical minerals potential.
Work will focus initially on the Oracle, Bannock and Chickasaw prospects due to their proximity to PVW Resources’ (ASX:PVW) Killi Killi rare earths project and the presence of a geological unconformity.
“Recent success from our neighbours has highlighted the potential for a significant rare earth discovery in the region and particularly within our 100% owned ground,” chief executive officer Kathryn Cutler said.
“With the desired contact extending into Killi tenements further investigation is warranted with ground work to commence shortly.
“Rare earths are becoming more and more important to the supply chain for industry particularly around decarbonisation and electrification of cars, and this commodity pathway provides additional value to our West Tanami Project.”