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Killi Resources Limited (ASX:KLI)

ALERT: Price-sensitive ASX Announcement for KLI
Current share price for KLI : $0.295 0.115 (63.89%)+
Announcement
Release
14 Jul 2026 8:26AM
Price at Release
$0.180
Full Release
download
Summary
Killi Resources Limited is advancing the Lodestone Iron Project in Western Australia. With a strong cash position of $18.5 million, the company is embarking on an intensive exploration campaign at Lodestone, targeting rapid resource growth. Recent government approvals allow for a 20,000-meter drilling program, designed to enhance the existing inferred mineral resource of 110 million tonnes and explore new mineralized zones. The project is strategically located close to high-quality infrastructure, allowing the potential production of a high-purity, direct-reduction grade magnetite concentrate. This product is expected to attract premium pricing in the electric arc furnace steelmaking market. Killi's efforts are supported by a highly experienced management team aiming to unlock the full potential of the Lodestone deposit.
Key Points
  • Killi Resources Limited targets rapid resource growth at the Lodestone Iron Project.
  • The company has a strong cash position of $18.5 million.
  • A 20,000-meter drilling program is planned to expand the resource base.
  • Lodestone has an inferred mineral resource of 110 million tonnes.
  • The project aims to produce a high-purity, direct-reduction grade magnetite concentrate.
  • This concentrate is expected to attract premium pricing from steel producers.
  • The project benefits from proximity to high-quality infrastructure.
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.