Good announcement for beaten down gold stock KLH - Gold ,...

Good announcement for beaten down gold stock KLH - Gold , Bougainville Papua New Guinea

Geophysical Interpretation CompleteKalia Limited (ASX: KLH), (“Kalia” or “the Company”) is pleased toannounce the successful completion of filtering and modelling of theairborne survey data collected over its Tore Joint Venture (“TJV”)properties on Bougainville Island, PNG during Q3 and Q4 2018.Summary• First airborne geophysical survey conducted in Bougainville since1987• Survey covers 100% of the 1,704km2license areas EL03 and EL04• Independent data analysis confirms the intrusive complex is largerthan previously thought, with multiple shallower cupolas thrown upfrom the main dome• 64 porphyry and epithermal targets identified across the areaincluding 12 Priority 1 targets• First time geophysical targets have been generated in the west Torearea including two Priority 1 targets• Independent correlation between geophysics and geochemistryhighlights the robustness of the modelling and high prospectivity ofthe region• Clear geoscientific path to ground follow-up and commencement ofdrilling in Q2 2019