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Kaili Resources Limited (ASX:KLR)

ALERT: Price-sensitive ASX Announcement for KLR
Current share price for KLR : $0.082 -0.118 (-59%)+
Announcement
Release
31 Oct 2025 2:11PM
Price at Release
$0.200
Full Release
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Summary
Kaili Resources Limited has continued its exploration efforts in the Limestone Coast region of South Australia, focusing on rare earth elements. The company has a full interest in three exploration tenements and conducted significant drilling activities. Financially, the company's cash flow report for the quarter ending September 2025 shows a net cash used in operating activities of $63,000, with $58,000 spent on exploration. Kaili Resources secured $130,000 from borrowings, ending the period with $24,000 in cash and $870,000 in available financing facilities. Additionally, interest-free financial support was provided by Kaili Holdings Limited to aid in ongoing operations.
Key Points
  • Kaili Resources Limited continued its focus on rare earth element exploration in South Australia.
  • The company holds 100% interest in three tenements in the Limestone Coast region covering a total area of 1,989 km2.
  • Significant exploration activities included drilling programs to explore rare earth elements within ionic clay.
  • The Appendix 5B Cash Flow Report indicated net cash used in operating activities was $63,000 for the current quarter.
  • The company reported $58,000 in payments for exploration and evaluation as investing activities.
  • Proceeds from borrowings amounted to $130,000, contributing to a net positive cash flow from financing activities.
  • At the end of the quarter, Kaili Resources had cash and cash equivalents of $24,000, with $870,000 in unused financing facilities.
  • Kaili Holdings Limited, related to Director Jianzhong Yang, provided interest-free financial support up to $1 million.
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.