Major Drill Program Approved at Iron Ore Project
| Stock | Killi Resources Ltd (KLI.ASX) |
|---|---|
| Release Time | 23 Jun 2026, 8:29 a.m. |
| Price Sensitive | Yes |
Killi Resources Announces Major Drill Program Approval at Lodestone Iron Ore Project
- Killi Resources has received all regulatory approvals for a major drill program at the Lodestone Iron Ore Project
- The program aims to grow the existing 110Mt JORC Inferred Resource
- Lodestone deposit is highly valuable due to its high-purity iron ore characteristics
- Strong global demand for high-purity iron ore is expected to attract significant price premiums
Killi Resources Ltd. has received all necessary regulatory approvals to commence a major drilling program at the Lodestone Iron Ore Project in Western Australia's Mid-West region. The program, which includes 155 reverse circulation and 35 diamond core holes, aims to significantly expand the existing 110Mt JORC Inferred Resource. The Lodestone deposit is highly valuable due to its high-purity iron ore characteristics, which are well-suited for electric arc furnace steel mills. There is strong global demand for this high-purity iron ore feedstock, meaning Killi can expect to attract a significant price premium for its product. Additionally, the project's location just 200km from the Port of Geraldton and access to adjacent, under-utilized power and rail infrastructure further enhance its appeal.
The company expects the drilling program to significantly grow the existing resource and attract a substantial premium for its high-purity iron ore product due to strong global demand.