The company said in a statement to the ASX on Monday that Mr Power and two other successful resources executives, Steve Parsons and Michael Naylor, would join the company and would also take up shares in a new $1.4 million placement.

Following that, each of the three men would be "substantial" shareholders in the company, Killi said.

Exemplary track record

The company said regarding Mr Power:

Nev Power is an Australian engineer and corporate executive whose career spans more than four decades across mining, minerals processing, construction and steel making. Mr Power led the transformation of Fortescue Metals Group into one of the world's major iron-ore producers. Under his leadership, Fortescue tripled its iron ore productions and dramatically reduced its production costs. Prior to joining Fortescue, Mr Power held Chief Executive positions at Thiess and the Smorgon Steel Group.

The share placement would be made at 3.8 cents per share, and part of the placement will be subject to approval by shareholders.

Killi has also agreed to issue Mr Power with 7 million performance rights in the company, which will vest if the company's volume weighted average price is above 10 cents per share over 20 consecutive trading days following the issue of the rights.

The company also said geologist Hamish Halliday would join the company.

It said further re Mr Halliday:

Mr Halliday is a geologist with 30 years of corporate and technical experience, Mr Halliday has been involved in the discovery and funding of multiple, large scale, mineral projects across five continents. Mr Halliday has held numerous executive and non-executive roles in the mining industry since 2001. Mr Halliday founded Adamus Resources Limited, which he grew from a A$3M IPO to a multi-million ounce emerging gold producer. He also co-founded a number of other successful junior mining companies including: Gryphon Minerals, Venture Minerals, Renaissance Minerals, Alicanto Minerals and most recently Blackstone Minerals.

Shares on a tear

Killi Resources shares jumped 121.2% in early trade on Monday to be changing hands for 11.5 cents.

Killi Resources' main focus is the Mt Rawdon project in Queensland, where it has been exploring for gold, copper, and molybdenum.

The company's most recent exploration update indicates it has been conducting surface sampling at Mt Rawdon with a view to firming up drill targets for further exploration.

Killi also said Director Phil Warren would resign as a Director, effective April 1.

Kill was valued at $7.3 million at the close of trade on Friday.

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It has just gone through an initial public offer (IPO) process to raise $6 million to provide funds to enact its business strategy. The offer price was $0.20 and it finished today at $0.52.

What is Killi Resources?

This company is a new gold and copper explorer in Australia.

It has key projects are located in the Tanami region of Western Australia and Charters Towers/Ravenswood region in Queensland.

The projects

The West Tanami Project covers a 1,600 square kilometre land holding. The tenements cover a 100km strike length of the "well-endowed" Tanami Fault System which has several mines already including: The Granites, Dead Bullock Soak, Buccaneer and Coyote. The company revealed that technical evaluations of the prospects provide similar analogous gold signatures to those gold mines along strike to the south-east.

The Balfour Project is a copper exploration project in WA covering 350 square kilometres of the Proterozoic Rift boundary of the Pilbara. Multiple base metals targets have been identified, and remain untested.

The Mt Rawdon West project is situated next to the Mt Rawdon Mine owned by Evolution Mining Limited (ASX: EVN).

Finally, the Ravenswood North project covers a large tenement package in Queensland, inland from Townsville, covering 590 square kilometres and is along the strike of the Ravenswood Mine.

Killi's operational plans

Killi says that the projects present large-scale exploration opportunities, located in low-risk jurisdictions with excellent access.

These projects are "relatively underexplored" and the ASX share is looking to use "world-class" exploration practices to realise value for stakeholders.

Killi boasts that its board has significant expertise and experience in the mining industry and will aim to ensure that funds raised will be used in a cost-effective way to advance the assets.

Leadership experience

Richard Bevan is the non-executive Chair of Killi. He has been involved in a number of business areas. He has been the managing director CEO and chair of several listed and unlisted companies.

Mr Bevan was the founding managing director of Cassini Resources, which was acquired by OZ Minerals Limited (ASX: OZL). He is currently the non-executive Chair of Nimy Resources Ltd (ASX: NYM), as well as the non-executive director of Cannon Resources Ltd (ASX: CNR).

Greg Miles is a non-executive director and has 25 years of experience in the exploration and delineation of mineral resources.

Killi Resources' CEO, Kathryn Cutler, is a geologist and has 15 years in the resource industry in Australia. For the past five years, Ms Cutler has held the position of exploration manager for two ASX gold miners – Saturn Metals Ltd (ASX: STN) and Aruma Resources Ltd (ASX: AAJ).

Killi Resources share price snapshot

After the explosive start to listed life, the undiluted market capitalisation of the business has increased from $10.4 million to $27 million.

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