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Kaili Resources Limited (ASX:KLR)

ALERT: Price-sensitive ASX Announcement for KLR
Current share price for KLR : $0.066 -0.015 (-18.52%)+
Announcement
Release
31 Jul 2026 12:19PM
Price at Release
$0.081
Full Release
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Summary
During the June 2026 quarter, Kaili Resources Limited's exploration activities were focused on rare earth elements (REEs) in South Australia. The company holds 100% interests in three tenements, Lameroo, Karte, and Coodalya, in the Limestone Coast area, where REEs have been identified in the Loxton/Parilla Sands. Drilling campaigns from 2024 to 2026 showed promising evidence of REEs. The company also decided to withdraw an application for gold and copper exploration in the Northern Territory. Financially, the company's cash flow statement reported a decrease in cash and cash equivalents, with net cash used in operating activities at $243,000 for the quarter. Kaili Resources also secured interest-free loan facilities from its director, with a total available funding of $1.11 million at the quarter's end.
Key Points
  • Exploration focused on REEs in South Australia.
  • Holds 100% interests in Lameroo, Karte, and Coodalya.
  • Drilling campaigns showed promising REE evidence.
  • Decided to withdraw from a Northern Territory project.
  • Net cash used in operating activities was $243,000.
  • Interest-free loans secured from a director.
  • Total available funding at quarter end was $1.11 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.