Killi Targets Rapid Resource Growth with Aggressive Drilling

• Killi Resources plans a 20,000m drilling program to expand the Lodestone Iron Ore resource
• The project aims to identify parallel zones and deliver multiple resource updates
• The company has received government approvals and is finalizing contracts to start drilling by the end of the month

Killi Resources Limited (ASX: KLI) has announced a multi-pronged exploration program at its Lodestone Iron Ore Project in Western Australia, aiming to substantially expand the current 110Mt JORC Inferred resource. The company plans a 20,000m drilling program, including reverse circulation (RC) and diamond core (DD) drilling, to extend the resource along a 25km-long mineralized corridor and identify parallel zones. Government approvals have been received, and Killi is finalizing contracts with its preferred drilling contractor to start drilling by the end of July. The program also includes geological mapping, surface sampling, and a drone-based magnetic survey to better define the potential for parallel zones and covered BIF extensions. The project's unique, recrystallized magnetite mineralization offers the potential to produce a high-purity, high-value direct-reduction (DR) grade iron ore concentrate, which can attract substantial premiums in the electric arc furnace steelmaking market.

Killi Resources is optimistic about the potential for substantial value creation through resource growth and the ability to realize a significant price premium for its high-purity, high-value DR grade magnetite concentrate.