KM1: Quarterly Activities / Appendix 5B Cash Flow Report
Original announcement by asx on
- Company
- Kali Metals Limited
- Ticker
- KM1
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Gold
- Secondary commodities
- Tin, Tungsten
- Document categories
- Drill results, Agreement transaction, Other
- Extracted
- 2026-10-19 23:12:16 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Kali Metals Limited reported high-grade gold drill results from its Marble Bar Project, including 2.6m at 10.8 g/t Au and 1.8m at 7.4 g/t Au. The company also identified new gold prospects at Marble Bar with exceptional rock chip grades up to 53.1 g/t Au, and advanced tin and tungsten exploration at Mt Cudgewa with results up to 6.0% SnO2. Additionally, Kali Metals signed a binding agreement with JX Advanced Metals Corporation for up to $700,000 in exploration funding for the Southern Lachlan Fold Belt Project.
Reasoning: The report details high-grade gold drill intercepts and exceptional gold rock chip results from new prospects at Marble Bar, alongside significant tin and tungsten rock chip results from Mt Cudgewa. A binding agreement with JX Advanced Metals Corporation provides substantial exploration funding for the Southern Lachlan Fold Belt Project, indicating strong progress across multiple projects.
Positive factors
- high_grade_drill_intercepts
- exceptional_rock_chip_results_from_new_prospects
- exploration_funding_secured
- strategic_partner_agreement
Negative factors
- narrow_drill_intercept_widths
- historical_results_re_reported
Facts used in scoring: 10
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The report states that Mr Mladen Stevanovic, a Competent Person and Member of the AusIMM, compiled and reviewed the data and exploration results.
Evidence · text
“Mr Mladen Stevanovic a Competent Person who is a Member of the AusIMM (membership number 333579) and Exploration Manager at Kali Metals.”
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The Marble Bar Gold Project is positioned as being 'approximately 10km north of the operating Klondyke Gold Project'.
Evidence · text
“approximately 10km north of the operating Klondyke Gold Project”
Extracted facts
Stored fact records: 10. Some facts used in scoring do not have a stored record.
Drill Results (10)
MBDD004Marble Bar · goldGrade: 10.8Grade Unit: g/tIntercept: 2.6 mView all detailsHide details
Identity
- Hole ID
- MBDD004
- Project
- Marble Bar
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- KM1
Geometry
- Grade
- 10.8
- Grade Unit
- g/t
- Intercept
- 2.6 m
- From
- 8.7 m
- To
- 11.3 m
- Intercept Depth
- 8.7 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- MBDD004:8.7-11.3
- Mining Method
- open_pit
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This intercept of 10.8 g/t Au is an exceptional grade for gold, matching the project's best previous result and confirming high-grade mineralization, despite the narrow width.
Positive factors
- exceptional_grade
- good_grade_width_product
Negative factors
- narrow_width
Evidence · text
“2.6m @ 10.8g/t Au from 8.7m in MBDD004”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: The intercept of 10.8 g/t Au is an exceptional grade for gold, matching the project's best previous result.
Evidence · text
“10.8g/t Au”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole width (2.6m) with no true width or drill orientation disclosed.
Evidence · text
“2.6m @ 10.8g/t Au from 8.7m”
Infill DrillingRejected · neutral
Confirmatory drilling to raise resource confidence, not new discovery.
Reason: The Phase II drilling program aimed at 'closing the line spacing to ~40-60m', indicating an infill objective.
Evidence · text
“closing the line spacing to ~40-60m at Sherman, Tiger, Tiger 2, Churchill”
MBDD002Marble Bar · goldGrade: 7.4Grade Unit: g/tIntercept: 1.8 mView all detailsHide details
Identity
- Hole ID
- MBDD002
- Project
- Marble Bar
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- KM1
Geometry
- Grade
- 7.4
- Grade Unit
- g/t
- Intercept
- 1.8 m
- From
- 0 m
- To
- 1.8 m
- Intercept Depth
- 0 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- MBDD002:0-1.8
- Mining Method
- open_pit
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This intercept of 7.4 g/t Au is an exceptional grade for gold, indicating high-grade mineralization from surface, despite the narrow width.
Positive factors
- exceptional_grade
- good_grade_width_product
- near_surface_mineralization
Negative factors
- narrow_width
Evidence · text
“1.8m @ 7.4g/t Au from surface in MBDD002”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole width (1.8m) with no true width or drill orientation disclosed.
Evidence · text
“1.8m @ 7.4g/t Au from surface”
Infill DrillingRejected · neutral
Confirmatory drilling to raise resource confidence, not new discovery.
Reason: The Phase II drilling program aimed at 'closing the line spacing to ~40-60m', indicating an infill objective.
Evidence · text
“closing the line spacing to ~40-60m at Sherman, Tiger, Tiger 2, Churchill”
MBRC081Marble Bar · goldGrade: 3.6Grade Unit: g/tIntercept: 3 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MBRC081
- Project
- Marble Bar
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- KM1
Geometry
- Grade
- 3.6
- Grade Unit
- g/t
- Intercept
- 3 m
- From
- 41 m
- To
- 44 m
- Intercept Depth
- 41 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- MBRC081:41-44
- Mining Method
- open_pit
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-09-09T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a previously reported result, confirming strong gold grades over a moderate width, but it is not new information.
Positive factors
- strong_grade
- moderate_width
Negative factors
- historical_result
Evidence · text
“Previously reported Phase II RC results included 3m @ 3.6 g/t Au from 41m in MBRC081”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Stale Data Re-releaseRejected · negative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Reason: This result was previously reported in an ASX announcement dated 9 September 2026.
Evidence · text
“Previously reported Phase II RC results included 3m @ 3.6 g/t Au from 41m in MBRC081”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole width (3m) with no true width or drill orientation disclosed.
Evidence · text
“3m @ 3.6 g/t Au from 41m”
Infill DrillingRejected · neutral
Confirmatory drilling to raise resource confidence, not new discovery.
Reason: The Phase II drilling program aimed at 'closing the line spacing to ~40-60m', indicating an infill objective.
Evidence · text
“closing the line spacing to ~40-60m at Sherman, Tiger, Tiger 2, Churchill”
MBRC082Marble Bar · goldGrade: 1Grade Unit: g/tIntercept: 5 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MBRC082
- Project
- Marble Bar
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- KM1
Geometry
- Grade
- 1
- Grade Unit
- g/t
- Intercept
- 5 m
- From
- 41 m
- To
- 46 m
- Intercept Depth
- 41 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- MBRC082:41-46
- Mining Method
- open_pit
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-09-09T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a previously reported result, showing moderate gold grades over a moderate width, but it is not new information and the grade-width product is weak.
Positive factors
- moderate_width
Negative factors
- weak_grade_width_product
- historical_result
Evidence · text
“5m @ 1.0g/t Au from 41m in MBRC082”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Stale Data Re-releaseRejected · negative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Reason: This result was previously reported in an ASX announcement dated 9 September 2026.
Evidence · text
“5m @ 1.0g/t Au from 41m in MBRC082”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole width (5m) with no true width or drill orientation disclosed.
Evidence · text
“5m @ 1.0g/t Au from 41m”
Infill DrillingRejected · neutral
Confirmatory drilling to raise resource confidence, not new discovery.
Reason: The Phase II drilling program aimed at 'closing the line spacing to ~40-60m', indicating an infill objective.
Evidence · text
“closing the line spacing to ~40-60m at Sherman, Tiger, Tiger 2, Churchill”
Fact 5Marble Bar Project · goldGrade: 53.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Marble Bar Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- KM1
Geometry
- Grade
- 53.1
- Grade Unit
- g/t
Classification
- Sample Type
- surface
Location
- Location
- Stug Gold Prospect
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: An exceptional rock-chip grade of 53.1 g/t Au was returned from the newly identified Stug Gold Prospect, indicating significant high-grade gold potential.
Positive factors
- exceptional_grade
- new_prospect_identified
Evidence · text
“Stug Gold Prospect: 53.1 g/t Au”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: A rock-chip grade of 53.1 g/t Au is exceptionally high, well above the typical exceptional threshold for gold.
Evidence · text
“53.1 g/t Au”
Fact 6Marble Bar Project · goldGrade: 6Grade Unit: g/tView all detailsHide details
Identity
- Project
- Marble Bar Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- KM1
Geometry
- Grade
- 6
- Grade Unit
- g/t
Classification
- Sample Type
- surface
Location
- Location
- Stug Gold Prospect
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: An exceptional rock-chip grade of 6.0 g/t Au was returned from the newly identified Stug Gold Prospect, indicating significant high-grade gold potential.
Positive factors
- exceptional_grade
- new_prospect_identified
Evidence · text
“Stug Gold Prospect: 53.1 g/t Au, 6.0 g/t Au”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 7Marble Bar Project · goldGrade: 5.8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Marble Bar Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- KM1
Geometry
- Grade
- 5.8
- Grade Unit
- g/t
Classification
- Sample Type
- surface
Location
- Location
- Vickers Gold Prospect
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: An exceptional rock-chip grade of 5.8 g/t Au was returned from the newly identified Vickers Gold Prospect, indicating significant high-grade gold potential.
Positive factors
- exceptional_grade
- new_prospect_identified
Evidence · text
“Vickers Gold Prospect : 5.8 g/t Au”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 8Mt Cudgewa Prospect · tinGrade: 6Grade Unit: % SnO2View all detailsHide details
Identity
- Project
- Mt Cudgewa Prospect
- Commodity
- tin
- Region
- australia_vic
- Reported Region
- Victoria
- Ticker
- KM1
Geometry
- Grade
- 6
- Grade Unit
- % SnO2
Classification
- Sample Type
- surface
Location
- Location
- Mt Cudgewa
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: High-grade rock-chip results of up to 6.0% SnO2 were returned from the Mt Cudgewa Prospect, indicating a significant tin system.
Positive factors
- high_grade_result
- new_mineralized_system_identified
Evidence · text
“up to 6.0% SnO2”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 9Mt Cudgewa Prospect · tungstenGrade: 0.38Grade Unit: % WO3View all detailsHide details
Identity
- Project
- Mt Cudgewa Prospect
- Commodity
- tungsten
- Region
- australia_vic
- Reported Region
- Victoria
- Ticker
- KM1
Geometry
- Grade
- 0.38
- Grade Unit
- % WO3
Classification
- Sample Type
- surface
Location
- Location
- Mt Cudgewa
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Significant tungsten credits of up to 0.38% WO3 were returned from the Mt Cudgewa Prospect, indicating a polymetallic system.
Positive factors
- good_grade_result
- new_mineralized_system_identified
Evidence · text
“0.38% WO3”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 10Southern Lachlan Fold Belt ProjectView all detailsHide details
Identity
- Project
- Southern Lachlan Fold Belt Project
- Region
- australia_nsw
- Reported Region
- New South Wales and Victoria
- Ticker
- KM1
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: A binding agreement with JX Advanced Metals Corporation secures up to $700,000 in exploration funding for the Southern Lachlan Fold Belt Project, providing capital for future work and a potential farm-in/JV.
Positive factors
- exploration_funding_secured
- strategic_partner_agreement
Evidence · text
“Binding agreement signed with JX Advanced Metals Corporation for up to $700,000 of exploration funding”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Capital RaiseRejected · positive · Story-specific tag
No canonical definition is currently available.
Reason: The binding agreement secures up to $700,000 in exploration funding, which is a form of capital raise for project activities.
Evidence · text
“Binding agreement signed with JX Advanced Metals Corporation for up to $700,000 of exploration funding”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.