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Killi Resources Limited (ASX:KLI)

ALERT: Price-sensitive ASX Announcement for KLI
Current share price for KLI : $0.155 -0.08 (-34.04%)+
Announcement
Release
11 Jun 2026 10:13AM
Price at Release
$0.235
Full Release
download
Summary
The document is a presentation about Killi Resources Limited's acquisition of the Lodestone Iron Project. It details the strategic advantages of the Lodestone Project, which includes its high-grade iron concentrate production potential and its prime location in Western Australia's Mid-West Iron Ore District with access to extensive infrastructure. The acquisition structure involves Killi purchasing 80% of Lodestone Iron, with the remaining 20% free carried until Final Investment Decision. The project boasts a maiden JORC resource of 110 million tonnes at 33% mass recovery. Killi Resources plans aggressive drilling and resource growth, with a focus on producing direct reduction grade iron suitable for electric arc furnace steel production. The company is capitalizing on the increasing global demand for high purity iron as electric arc furnace production is expected to rise significantly by 2050.
Key Points
  • Killi Resources Limited acquired 80% of Lodestone Iron Project.
  • Lodestone Project located in Mid-West Iron Ore District, Western Australia.
  • Project capable of producing high-grade iron concentrate (68-70% Fe).
  • Maiden JORC resource of 110mt at 33% mass recovery.
  • Plans for aggressive drilling and resource growth.
  • Focus on direct reduction grade iron for electric arc furnaces.
  • Increasing global demand for high purity iron by 2050.
  • Utilizes existing infrastructure: rail, road, and port access.
  • Capital raise of $15 million at $0.22 per share.
  • Lodestone retains 2.5% royalty and Killi has right of first refusal on remaining 20%.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.