• Acquired Lodestone Iron Ore Project in WA with high-purity magnetite deposits
• Initiated a 20,000m drilling program to expand the resource base
• Completed a $15 million share placement to strengthen financial position
• Identified significant gold-copper-molybdenum breccia at Mt Rawdon West Project
• Received a Collaborative Exploration Initiative grant for exploration at Mt Rawdon West

Killi Resources Limited has announced the acquisition of the Lodestone Iron Ore Project in Western Australia, which features high-purity magnetite deposits capable of producing 68-70% Fe concentrates. The company has initiated a 20,000-metre drilling program to expand the current resource base, which stands at 110Mt at 33% DTR MR grading 69% Fe. Additionally, Killi completed a $15 million share placement, raising $10.8 million under Tranche 1 and an additional $4.2 million under Tranche 2 pending shareholder approval. The company also identified significant gold-copper-molybdenum breccia at its Mt Rawdon West Project in Queensland, with a notable geochemical anomaly. Killi has received a Collaborative Exploration Initiative grant to aid exploration efforts at Mt Rawdon West.

Killi Resources is optimistic about the potential of the Lodestone Iron Ore Project to deliver high-purity magnetite concentrates, targeting the premium DR market. The company is also focused on expanding its resource base and exploring the significant mineralisation at Mt Rawdon West.