# KM1: Quarterly Activities / Appendix 5B Cash Flow Report Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/km1-quarterly-activities-appendix-5b-cash-flow-report--fffe3c07-c212-416e-800a-d8122677ce8e Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03154435 Publisher: asx Original announcement: 2026-10-19T22:06:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-19T23:12:15.827Z Atlas analysis updated: 2026-10-19T23:12:15.827Z - 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 Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas 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 factor: high\_grade\_drill\_intercepts - Positive factor: exceptional\_rock\_chip\_results\_from\_new\_prospects - Positive factor: exploration\_funding\_secured - Positive factor: strategic\_partner\_agreement - Negative factor: narrow\_drill\_intercept\_widths - Negative factor: historical\_results\_re\_reported Facts used in scoring: 10 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: 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 Play** Polarity: neutral Definition: 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) ### MBDD004 [Link to this fact](https://atlas-staging.minestarters.com/news/km1-quarterly-activities-appendix-5b-cash-flow-report--fffe3c07-c212-416e-800a-d8122677ce8e#fact-drill-facts-0) Marble Bar · gold #### 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 factor: exceptional\_grade - Positive factor: good\_grade\_width\_product - Negative factor: narrow\_width Evidence · text > 2.6m @ 10.8g/t Au from 8.7m in MBDD004 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: 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 Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Drilling** — Rejected; excluded from scoring Polarity: neutral Definition: 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 ### MBDD002 [Link to this fact](https://atlas-staging.minestarters.com/news/km1-quarterly-activities-appendix-5b-cash-flow-report--fffe3c07-c212-416e-800a-d8122677ce8e#fact-drill-facts-1) Marble Bar · gold #### 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 factor: exceptional\_grade - Positive factor: good\_grade\_width\_product - Positive factor: near\_surface\_mineralization - Negative factor: narrow\_width Evidence · text > 1.8m @ 7.4g/t Au from surface in MBDD002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Drilling** — Rejected; excluded from scoring Polarity: neutral Definition: 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 ### MBRC081 [Link to this fact](https://atlas-staging.minestarters.com/news/km1-quarterly-activities-appendix-5b-cash-flow-report--fffe3c07-c212-416e-800a-d8122677ce8e#fact-drill-facts-2) Marble Bar · gold Historical result Needs review: historical\_restatement #### 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 factor: strong\_grade - Positive factor: moderate\_width - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Drilling** — Rejected; excluded from scoring Polarity: neutral Definition: 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 ### MBRC082 [Link to this fact](https://atlas-staging.minestarters.com/news/km1-quarterly-activities-appendix-5b-cash-flow-report--fffe3c07-c212-416e-800a-d8122677ce8e#fact-drill-facts-3) Marble Bar · gold Historical result Needs review: historical\_restatement #### 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 factor: moderate\_width - Negative factor: weak\_grade\_width\_product - Negative factor: historical\_result Evidence · text > 5m @ 1.0g/t Au from 41m in MBRC082 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: 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 Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Drilling** — Rejected; excluded from scoring Polarity: neutral Definition: 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 5 [Link to this fact](https://atlas-staging.minestarters.com/news/km1-quarterly-activities-appendix-5b-cash-flow-report--fffe3c07-c212-416e-800a-d8122677ce8e#fact-drill-facts-4) Marble Bar Project · gold #### 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 factor: exceptional\_grade - Positive factor: new\_prospect\_identified Evidence · text > Stug Gold Prospect: 53.1 g/t Au #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: 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 6 [Link to this fact](https://atlas-staging.minestarters.com/news/km1-quarterly-activities-appendix-5b-cash-flow-report--fffe3c07-c212-416e-800a-d8122677ce8e#fact-drill-facts-5) Marble Bar Project · gold #### 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 factor: exceptional\_grade - Positive factor: new\_prospect\_identified Evidence · text > Stug Gold Prospect: 53.1 g/t Au, 6.0 g/t Au #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 7 [Link to this fact](https://atlas-staging.minestarters.com/news/km1-quarterly-activities-appendix-5b-cash-flow-report--fffe3c07-c212-416e-800a-d8122677ce8e#fact-drill-facts-6) Marble Bar Project · gold #### 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 factor: exceptional\_grade - Positive factor: new\_prospect\_identified Evidence · text > Vickers Gold Prospect : 5.8 g/t Au #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/km1-quarterly-activities-appendix-5b-cash-flow-report--fffe3c07-c212-416e-800a-d8122677ce8e#fact-drill-facts-7) Mt Cudgewa Prospect · tin #### 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 factor: high\_grade\_result - Positive factor: new\_mineralized\_system\_identified Evidence · text > up to 6.0% SnO2 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 9 [Link to this fact](https://atlas-staging.minestarters.com/news/km1-quarterly-activities-appendix-5b-cash-flow-report--fffe3c07-c212-416e-800a-d8122677ce8e#fact-drill-facts-8) Mt Cudgewa Prospect · tungsten #### 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 factor: good\_grade\_result - Positive factor: new\_mineralized\_system\_identified Evidence · text > 0.38% WO3 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 10 [Link to this fact](https://atlas-staging.minestarters.com/news/km1-quarterly-activities-appendix-5b-cash-flow-report--fffe3c07-c212-416e-800a-d8122677ce8e#fact-drill-facts-9) Southern Lachlan Fold Belt Project #### 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 factor: exploration\_funding\_secured - Positive factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Capital Raise** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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.