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Killi Resources Limited (ASX:KLI)

ALERT: Price-sensitive ASX Announcement for KLI
Current share price for KLI : $0.260 0.045 (20.93%)+
Announcement
Release
5 Aug 2026 9:00AM
Price at Release
$0.215
Full Release
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Summary
Killi Resources Limited has commenced a significant drilling program at the Lodestone Iron Ore Project in Western Australia. The project aims to expand and upgrade the existing inferred mineral resource of 110 million tonnes, targeting a 25km corridor with known mineralisation. The initiative is part of Killi's strategy to supply high-purity iron ore for electric arc steel furnaces, expected to achieve a price premium. The drilling, comprising 20,000m of reverse circulation and diamond core, is designed to not only increase the resource size but also improve its classification in confidence for future economic studies. Continuous updates are planned as drilling progresses.
Key Points
  • Killi starts maiden drilling at Lodestone Iron Ore Project.
  • Targeting resource growth beyond the existing 110Mt inferred resource.
  • Drilling includes a 20,000m program of reverse circulation and diamond core drilling.
  • Aim to supply high-purity iron ore for electric arc steel furnaces.
  • Potential for substantial price premium due to high purity.
  • Updates on drilling and resource estimates will be provided as the program progresses.
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.