Lead managed by Canaccord Genuity, the company will look to place 30 million shares at 20c per share.
The company raised $600,000 in a pre-IPO raising last month.
Former Cassini Resources managing director Richard Bevan is chairing Killi, with former Cassini director and current Caspin Resources CEO Greg Miles as a non-executive director along with Grange Consulting executive director Phil Warren.
Former Saturn Metals exploration manager Kathryn Cutler is CEO.
Killi holds the 1634sq.km district-scale West Tanami project in Western Australia prospective for gold.
More than a third of the funds raised will be spent on West Tanami, with a VTEM survey planned initially.
The company also holds the Ravenswood North project in the Charters Towers-Ravenswood region of Queensland, Mt Rawdon West surrounding Evolution Mining's Mt Rawden mine and SolGold's Mt Perry project and the Balfour base metals project in the Pilbara.
Killi hopes to list in January.
