Kali Metals Limited has returned final assay results from its Phase II drilling program at the Marble Bar Gold Project in Western Australia, confirming an outcropping and shallow-dipping gold system along a 3-kilometre cumulative strike length.

The Phase II campaign comprised 4,059 metres of reverse circulation drilling across 129 holes and 282 metres of diamond drilling across 16 holes, with mineralisation followed to a vertical depth of approximately 50 metres. Best diamond drilling results include 2.6 metres at 10.8 g/t gold from 8.7 metres in hole MBDD004, and 1.8 metres at 7.4 g/t gold from surface in hole MBDD002.

Drilling covered four main prospects—Sherman, Tiger, Tiger 2, and Churchill—using line spacings of 40 to 60 metres, with hole spacings of 10 to 20 metres in outcropping zones and 30 to 50 metres in down-dip extensions.

Kali completed its maiden reverse circulation drill program at Marble Bar in December 2025 before launching the Phase II campaign. The company secured approximately $7.0 million in February 2026 through a share placement to fund ongoing exploration, including drilling and technical work across its projects.

“Diamond drilling has returned high-grade results exceeding 10 g/t Au in the shallow zone, strengthening our confidence in the Marble Bar gold system. We are also continuing to identify new high-grade mineralised outcrops, while the recently completed soil sampling has generated numerous targets for ground-truthing and potential new discoveries. A range of technical and development studies will be required as the project advances. We look forward to keeping the market updated as this work progresses.”

— Paul Adams, Managing Director

Kali is currently designing a follow-up drilling program to test four newly discovered prospects identified by recent rock-chip sampling. Planned activities over the next six months include completing a high-resolution hyperspectral survey over its Pilbara tenements, extending geological mapping, conducting initial reconnaissance over gold-in-soil anomalies, and performing reverse circulation drilling of extensional zones.

The company also schedules a mineral resource estimate and intends to submit an application for a mining license for the project, noting that any eventual resource estimate remains conditional on successful exploration.

Read the full announcement: High-Grade Gold in Phase 2 Drilling at Marble Bar Discovery