Killi Resources Starts Geophysical Survey at Queensland Project; Shares Decline 19%

Killi Resources (ASX:KLI) started an induced polarization geophysical survey at the Baloo prospect within its Mt Rawdon West Project in Queensland, according to a Thursday filing with the Australian Securities Exchange.

The survey aims to determine drill targets beneath the copper-gold-molybdenum geochemical anomaly and will be completed by mid-October.

Meanwhile, the maiden drill campaign at the Kaa prospect is progressing, with two diamond drill holes completed so far. Six more holes are planned, with additional holes being designed based on drilling results.

First diamond core samples are in the laboratory, with assay results expected within four weeks, the filing said.

Shares declined 19% in midday trade.

Price (AUD): $0.13, Change: $-0.030, Percent Change: -18.75%