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Kali Metals Limited (ASX:KM1)

ALERT: Price-sensitive ASX Announcement for KM1
Current share price for KM1 : $0.082 -0.068 (-45.33%)+
Announcement
Release
16 Apr 2026 8:18AM
Price at Release
$0.150
Full Release
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Summary
Kali Metals Limited has announced the commencement of its Phase II drilling program at the Marble Bar Gold Project in the Eastern Pilbara Region of Western Australia. This phase consists of a total of 4,000 meters of drilling, combining Reverse Circulation and diamond drilling techniques. The program aims to infill the previous Phase I drilling line spacing, reducing it from approximately 200 meters to 40 meters, focusing on surface gold mineralization at the Sherman, Churchill, and Tiger Prospects. Additionally, the program will explore the potential for down-dip extensions, particularly at Tiger and Sherman, which showed promising high-grade assay results in Phase I. The drilling is expected to last about 4-6 weeks, with assay results anticipated 3-4 weeks post-submission to the laboratory.
Key Points
  • Phase II drilling commenced at Marble Bar Gold Project.
  • 4,000 meters of drilling: 3,500m RC and 500m diamond drilling.
  • Infill drilling to reduce spacing from 200m to 40m.
  • Targets surface gold mineralization at Sherman, Churchill, and Tiger Prospects.
  • Explores down-dip extensions, especially at Tiger and Sherman.
  • Drilling expected to complete in 4-6 weeks, assay results 3-4 weeks later.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.