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Killi Resources Limited (ASX:KLI)

ALERT: Price-sensitive ASX Announcement for KLI
Current share price for KLI : $0.185 -0.035 (-15.91%)+
Announcement
Release
23 Jun 2026 8:29AM
Price at Release
$0.220
Full Release
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Summary
Killi Resources Limited has announced the approval for a major drilling program at the Lodestone Iron Project located in Western Australia's Mid-West region. The project, which Killi recently agreed to acquire, offers competitive metallurgical advantages and is well-positioned due to its proximity to Geraldton's port and existing infrastructure. The drill program aims to expand the current inferred resource and potentially upgrade its category. It will involve 155 reverse circulation and 35 diamond core holes aimed at better understanding the geology and metallurgy to support future mining studies. The project holds promise for producing a high-grade magnetite concentrate with significant market demand, promising substantial premiums over standard iron ore prices.
Key Points
  • Killi Resources receives approval for drilling at Lodestone Iron Project.
  • The project is located 200km from Port of Geraldton with existing infrastructure.
  • Drilling program to include 155 reverse circulation and 35 diamond core holes.
  • Objective to expand and upgrade the current 110Mt JORC inferred resource.
  • Lodestone aims to produce a high-grade magnetite concentrate.
  • Project expected to supply high-demand electric arc furnace mills.
  • Killi anticipates substantial premiums over traditional iron ore prices.
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.