Killi Commences Drilling at Lodestone Iron Ore Project
Key points
- Killi Resources Ltd starts drilling at Lodestone Iron Ore Project
- Targeting a 25km-long corridor with known mineralisation
- Aim to grow premium quality iron ore resource
Full summary
Killi Resources Ltd (ASX: KLI) has initiated drilling at the Lodestone Iron Ore Project in Western Australia's Mid-West region. The project aims to grow and upgrade the existing 110Mt JORC Inferred Mineral Resource within a 25km-long corridor. The drilling program, comprising 20,000m of reverse circulation and diamond core drilling, is designed to target high-purity, direct reduction-grade iron ore. This rare product is expected to attract a substantial price premium. The drilling is expected to provide significant updates on the resource size and confidence category.
Outlook
Killi Resources anticipates multiple resource updates as the drilling program matures, with strong news expected to re-rate the project.
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