Killi Resources Acquires Lodestone Iron Ore Project
Key points
- Lodestone Iron Ore Project offers high-purity concentrate at 68-70% Fe
- 25km of iron ore mineralization
- Strategic location in Western Australia with existing infrastructure
- Fully funded through to Prefeasibility Study
- Potential for significant resource growth
Full summary
Killi Resources Ltd has announced the acquisition of the Lodestone Iron Ore Project, which is located in the heart of the Mid-West Iron Ore District in Western Australia. The project boasts high-purity iron ore concentrate at 68-70% Fe, with 25 kilometers of iron ore mineralization. The project is strategically positioned near major steel producers and existing infrastructure, including road, rail, and power networks. Killi Resources is fully funded through to the Prefeasibility Study and plans to conduct aggressive drilling and resource growth activities. The acquisition is expected to provide substantial growth opportunities for the company.
Outlook
Killi Resources plans to conduct aggressive drilling and resource growth activities, aiming for multiple resource upgrades over the next 12 months.
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