Killi Resources announced an option and joint venture agreement with Gold Fields, marking a milestone for the West Tanami Project in Western Australia's Kimberley region.

Gold Fields will commit $13 million across two stages to earn up to an 85% interest, leading project management and covering associated costs. Gold Fields will also invest $500,000 in Killi shares.

Kathryn Cutler, CEO of Killi Resources, noted access to expertise and funding through the joint venture.

The company also completed an oversubscribed share placement, raising $1 million for exploration at the Mt Rawdon West Project.