Kinross Resources Limited has raised AU$2 million for gold-copper exploration

Killi Resources Limited (ASX: KLI) announced that it had garnered strong support from new, existing, and significant shareholders to raise AU$2 million by issuing 20,000,000 fully paid ordinary shares for AU$0.10 per share. This Placement, scheduled around August 21, 2024, represents a strategic move to strengthen its financial position and unlock the potential of the high-grade Kaa gold-copper target.

The funds raised will enable the company to undertake a comprehensive program at the Kaa site, including drilling five approximately 200-meter-deep diamond holes to test beneath surface mineralization and targets identified from its recent IP survey. With the drill program set to commence imminently and the necessary groundwork already completed, the company is fully prepared and excited to share that it is poised to make significant progress.

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