Kali Metals Expands Marble Bar Gold Project With Strategic Acquisition

Strategic Acquisition Bolsters Marble Bar Gold Project

Kali Metals Limited (ASX: KM1) has significantly strengthened its position in Western Australia's gold-rich Pilbara region through a strategic acquisition that expands its Marble Bar Gold Project by 28.8km². The company has entered into a binding agreement to acquire exploration license E45/6389, bringing its total project area to approximately 96km².

This strategic move comes at an opportune time, with gold prices reaching record highs in April 2025, reinforcing the company's focus on the gold potential of its 100%-owned Marble Bar Project.

"Kali is very pleased to have finalized negotiations to acquire exploration licence E45/6389. With gold prices reaching record highs in April, Kali is maintaining a key focus on the gold prospectivity of its 100%-owned Marble Bar Project in the Pilbara," said Paul Adams, Managing Director of Kali Metals.

The newly acquired tenement strategically abuts Kali's existing tenure on three sides and is positioned immediately north and along strike of the company's previously announced 9.5km-long gold-in-soil anomaly, which has already produced rock chip results of up to 4.0g/t gold.

High-Potential Extension of Gold Mineralization

What makes this acquisition particularly compelling is the high likelihood that the existing gold mineralization trend extends into the newly acquired E45/6389 tenement. Based on exploration results to date, Kali's technical team is optimistic about the continuity of this gold trend.

With heritage arrangements already in place, the company plans to commence exploration activities on the new tenement immediately, demonstrating its commitment to aggressive but responsible development of the project.

Additionally, Kali has collected an impressive 299 rock chip samples on its existing Marble Bar tenements, with results expected to be announced in the coming weeks.

Transaction Details: A Cost-Effective Acquisition Strategy

In line with Kali's expenditure conservation strategy, the acquisition has been structured with minimal cash outlay and primarily scrip-based consideration:

This structure aligns the interests of both parties, with significant upside for the vendors if substantial gold resources are defined within the next four years, while Kali preserves its cash reserves for high-impact exploration activities.

Understanding JORC Resources and Their Significance

For investors new to mining exploration, a JORC resource refers to mineral resources that have been reported according to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). This is a professional code of practice that sets minimum standards for public reporting of minerals exploration results.

The performance milestones in this acquisition are tied to discovering JORC-compliant gold resources of specific sizes and grades. A resource of >100,000 ounces of gold (first milestone) would represent a significant discovery, while >250,000 ounces (second milestone) would place the project among the more substantial gold resources in the region.

The 0.5g/t cut-off grade mentioned in the milestones refers to the minimum concentration of gold that would be considered economically viable. This is a reasonable cut-off for open-pit mining operations in the current gold price environment.

Strategic Rationale and Operational Efficiency

The acquisition delivers two key strategic benefits to Kali Metals:

1. Resource Expansion Potential: The company believes the 9.5km gold-in-soil anomaly identified on existing tenements likely continues into the newly acquired area.

2. Operational Efficiency: The acquisition makes Kali's entire Marble Bar Project contiguous, creating significant advantages for exploration access and operational efficiency.

"The strategic rationale for the acquisition is not only that our exploration team is hopeful our 9.5km gold-in-soil anomaly continues into this new tenement, but also that it makes Kali's entire Marble Bar Project contiguous, which has obvious advantages for exploration access and efficiency," explained Paul Adams.

Kali's Broader Asset Portfolio

While this announcement focuses on gold exploration at Marble Bar, Kali Metals maintains a diversified portfolio of assets:

• One of Australia's largest hard-rock lithium exploration packages spanning approximately 4,009km²
• Strategic tenements near existing and emerging lithium and critical minerals regions in Western Australia
• Additional prospective gold and tin projects
• Exploration footprint across the Pilbara, Eastern Yilgarn, and the Southern Lachlan Fold Belt in NSW and Victoria

Upcoming Catalysts and Investor Outlook

Investors should watch for several near-term catalysts that could drive value for Kali Metals:

1. Imminent Rock Chip Results: Results from the 299-sample rock chip program at Marble Bar are expected in the coming weeks.

2. Exploration Commencement: With heritage arrangements in place, Kali plans to begin exploration on the newly acquired tenement immediately.

3. Resource Definition: Progress toward the JORC resource milestones outlined in the acquisition terms.

4. Rising Gold Environment: The company's expanded gold focus comes amid record gold prices, potentially enhancing project economics.

Why Investors Should Follow Kali Metals

Kali Metals represents a compelling opportunity for investors interested in both gold and battery minerals exposure:

• Strategic Landholdings: With this acquisition, Kali has established a significant and contiguous land position in a proven gold-producing region of Western Australia.

• Dual-Commodity Exposure: The company offers investors exposure to both gold and lithium, two commodities with strong fundamental outlooks.

• Efficient Capital Deployment: The primarily scrip-based acquisition demonstrates management's commitment to preserving cash for value-adding exploration activities.

• Experienced Leadership: The company is led by a team of well-credentialed professionals focused on generating shareholder value through exploration and development.

• Near-term News Flow: With exploration activities ramping up and pending results from extensive sampling, investors can expect regular updates and potential value-driving announcements.

For investors seeking exposure to Western Australia's resource sector with a focus on both traditional precious metals and new-economy battery minerals, Kali Metals represents a unique opportunity with multiple pathways to value creation.

Want to Capitalise on Kali's Expanding Gold Presence?

With gold prices hitting record highs and Kali Metals strategically expanding its Marble Bar Gold Project footprint to 96km², now is the perfect time to learn more about this dual-focus company. Discover how Kali's strategic acquisition could extend their impressive 9.5km gold-in-soil anomaly and what this means for potential investors. For complete details on Kali Metals' gold and lithium assets across Western Australia, watch their latest presentation here.