Killi Hits Coarse Magnetite 600m Outside Current Resource

Key points

• Killi's latest drill hole KKDD004 intersects a 50m zone with 35% to 50% crystalline magnetite
• Drilling confirms continuity of high-grade magnetite, 600m south of current resource boundary
• High-purity magnetite suitable for green steel production, attracting substantial price premiums

Full summary

Killi Resources Ltd has reported successful drilling results from its Lodestone Iron Ore Project in Western Australia. The fourth diamond core hole, KKDD004, successfully intersected a 50m wide zone containing 35% to 50% crystalline magnetite, 600m south of the current resource boundary. Initial logging confirms the presence of massive, recrystallized, coarse-grained magnetite similar to that found in previous holes, with assays pending. The drilling program aims to grow and upgrade the existing 110Mt JORC Inferred Mineral Resource within the substantial 25km-long Lodestone system.