Kaili Resources Limited Group (Kaili) holds 100% ownership of the following:
- one (1) Exploration Permit for Coal (EPC) – Maryvale Coal Project – covering 169.6 km2 within the Surat and Clarence Moreton Basins in Queensland.
- five (5) mineral exploration licences targeting gold – Gindalbie and Kookynie Gold Projects – covering a total of 422.4 km2 within the Yilgarn Craton of Western Australia.
- Three (3) iron mineral exploration licences targeting iron – Pilbara Iron Project – covering a total of 236.8 km2 within the Pilbara Craton of Western Australia.
The tenements are situated in close proximity to operating mines, rail/road infrastructure and coal exploration areas that have the potential to yield economically viable coal, gold and iron deposits.
Key Project Highlights:
- Maryvale Coal Project has one (1) tenement located in the coal endowed Surat and Clarence Moreton Basins approximately 140 km from the deep-water port of Brisbane. Drilling in 2016 has defined a JORC2012 Inferred ISG (Insitu Gasification) Resource of 97 Mt in addition to an Open Cut Exploration Target of 80-105 Mt and a ISG Exploration Target of 90-126 Mt. Follow up resource drilling is planned to extend the current ISG Resource. A small 5 drill hole program is planned to upgrade a portion of the exploration target to JORC2012 status;
- Gindalbie and Kookynie Gold Projects are located in the gold rich Yilgarn Craton of Western Australia which hosts several multi-million-ounce gold mining operations. Mafic lithologies have been targeted which elsewhere host the bulk of the gold mineralisation. The Gindalbie Project is located 60 km north east of the Kalgoorlie Super pit gold mining operation while the Kookynie Project is located 50 km south of the Sons of Gwalia underground gold mining operation. Both the Kalgoorlie Super pit and Sons of Gwalia underground mines are multi million ounce gold mining operations. The projects comprise five (5) granted tenements.
- Pilbara Iron Project comprises three (3) tenements covering outcropping Channel Iron Formation (CID) mineralisation with targeted Fe grades of between 55% and 58% and close to existing rail and road infrastructure. A 2016 field trip to the areas confirmed the presence of surface iron mineralisation;