Killi identifies giant potential for extensive rare earths at West Tanami
Link copied to
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.”
The West Tanami project covers 1,600sqkm and recent developments – and successes – in the region have identified the potential for hydrothermal-related REE deposits within the sediments of the Tanami Group – an unconformity located between the Pargee Sandstone and the Killi Killi Formation.
Historical rock chip programs targeting the unconformity for uranium also tested for rare earth elements while geological mapping provided by the Geological Survey of Western Australia confirms the consistency of the proposed contact across the tenement package.
Of the three prospects identified as a starting point for the company’s REE efforts, Bannock occurs along strike to the west from the PVW’s Killi Killi East and Watts Rise prospects where rock chip sampling has recently returned high-grade rock chip results.
This structure/unconformity is interpreted to carry on from the tenement boundary with PVW for a further 45km into Killi’s ground.
Killi plans to complete ground reconnaissance, geological mapping and surface rock chip sampling in the first half of 2022 at all three prospects.
Satellite and airborne spectral and radiometric data will also be utilised and evaluated to further qualify the potential for a hydrothermal REE mineral system.
This article was developed in collaboration with Killi Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.