KLI: Annual Report to shareholders
Original announcement by asx on
- Company
- KILLI RESOURCES LIMITED
- Ticker
- KLI
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Iron ore
- Secondary commodities
- Gold, Copper, Silver, Molybdenum
- Document categories
- Resource update, Agreement transaction, Other
- Extracted
- 2026-09-30 05:09:38 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Killi Resources Limited's 2026 Annual Report details the acquisition of the Lodestone Iron Ore Project in Western Australia, which hosts an Inferred Resource of 110 Mt at 33% DTR Mass Recovery, grading 69% Fe in concentrate. The company also strengthened its leadership team and completed capital raises, including a $4.2 million placement, to fund an aggressive 20,000-metre drilling program aimed at expanding the Lodestone resource and advancing its gold-copper exploration projects.
Reasoning: Killi Resources Limited's annual report highlights a transformational acquisition of the Lodestone Iron Ore Project, which includes an existing Inferred Resource and clear development pathway. This, combined with capital raises and board strengthening, positions the company for growth, despite some mixed early exploration results at other projects.
Positive factors
- Acquisition of a significant iron ore project with an existing Inferred Resource
- Strengthening of board and management with experienced executives
- Successful capital raises to fund future exploration and development
- Clear plans for aggressive exploration and resource growth at the newly acquired project
Negative factors
- Drilling at Kaa (Mt Rawdon West) did not replicate strongest surface sampling results
- Exploration inherently carries risk, as stated by the company
Facts used in scoring: 14
Classification and evidence
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The resource estimate for the Lodestone Iron Project is entirely classified as Inferred, indicating a lower level of geological confidence.
Evidence · table
“Inferred”
Context: 110
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The resource estimate clearly states a '0% DTR MR lower cut-off' for reporting, enabling transparency and comparability.
Evidence · table
“0% DTR MR lower cut-off”
Context: 110
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate table explicitly uses 'JORC Category' for classification, indicating compliance with the JORC Code.
Evidence · table
“JORC Category”
Context: Inferred
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The Lodestone Iron Ore Project, including its Mineral Resource, was acquired by Killi Resources Limited during the reporting period, making this the first resource estimate for the project under Killi's ownership.
Evidence · text
“The Lodestone Iron Ore Project includes a substantial Mineral Resource”
Extracted facts
Stored fact records: 14. Some facts used in scoring do not have a stored record.
Resource Estimates (14)
inferredLodestone Iron Ore Project · iron_oreTonnes: 110000000Grade: 69Grade Unit: %View all detailsHide details
Identity
- Project
- Lodestone Iron Ore Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- KLI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:1112b32a66cd873b99ba
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 110000000
- Grade
- 69
- Grade Unit
- %
- Cutoff Grade
- 0
- Cutoff Unit
- % DTR MR
Prior Estimate
- Resource Date
- 2026-06-11
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a high-grade inferred iron ore resource, compliant with JORC standards, but its inferred category indicates lower geological confidence.
Positive factors
- JORC compliant
- high grade
Negative factors
- inferred resource
Evidence · table
“69”
Context: 110
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLodestone Iron Ore Project · silicon_dioxideTonnes: 110000000Grade: 3.9Grade Unit: % SiO2View all detailsHide details
Identity
- Project
- Lodestone Iron Ore Project
- Commodity
- silicon_dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- KLI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:1112b32a66cd873b99ba
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 110000000
- Grade
- 3.9
- Grade Unit
- % SiO2
- Cutoff Grade
- 0
- Cutoff Unit
- % DTR MR
Prior Estimate
- Resource Date
- 2026-06-11
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The reported silica content is an important parameter for iron ore concentrate quality, indicating a relatively low impurity level for an inferred resource.
Negative factors
- silica is a common impurity in iron ore
Evidence · table
“3.9”
Context: 110
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLodestone Iron Ore Project · aluminium_oxideTonnes: 110000000Grade: 0.08Grade Unit: % Al2O3View all detailsHide details
Identity
- Project
- Lodestone Iron Ore Project
- Commodity
- aluminium_oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- KLI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:1112b32a66cd873b99ba
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 110000000
- Grade
- 0.08
- Grade Unit
- % Al2O3
- Cutoff Grade
- 0
- Cutoff Unit
- % DTR MR
Prior Estimate
- Resource Date
- 2026-06-11
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The reported alumina content is a key impurity for iron ore concentrate quality, showing a very low level for an inferred resource.
Negative factors
- alumina is a common impurity in iron ore
Evidence · table
“0.08”
Context: 110
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLodestone Iron Ore Project · iron_oreTonnes: 110000000Grade: 69Grade Unit: %View all detailsHide details
Identity
- Project
- Lodestone Iron Ore Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- KLI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:1112b32a66cd873b99ba
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 110000000
- Grade
- 69
- Grade Unit
- %
- Cutoff Grade
- 10
- Cutoff Unit
- % DTR MR
Prior Estimate
- Resource Date
- 2026-06-11
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a high-grade inferred iron ore resource, compliant with JORC standards, but its inferred category indicates lower geological confidence.
Positive factors
- JORC compliant
- high grade
Negative factors
- inferred resource
Evidence · table
“69”
Context: 110
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLodestone Iron Ore Project · silicon_dioxideTonnes: 110000000Grade: 3.9Grade Unit: % SiO2View all detailsHide details
Identity
- Project
- Lodestone Iron Ore Project
- Commodity
- silicon_dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- KLI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:1112b32a66cd873b99ba
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 110000000
- Grade
- 3.9
- Grade Unit
- % SiO2
- Cutoff Grade
- 10
- Cutoff Unit
- % DTR MR
Prior Estimate
- Resource Date
- 2026-06-11
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The reported silica content is an important parameter for iron ore concentrate quality, indicating a relatively low impurity level for an inferred resource.
Negative factors
- silica is a common impurity in iron ore
Evidence · table
“3.9”
Context: 110
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLodestone Iron Ore Project · aluminium_oxideTonnes: 110000000Grade: 0.08Grade Unit: % Al2O3View all detailsHide details
Identity
- Project
- Lodestone Iron Ore Project
- Commodity
- aluminium_oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- KLI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:1112b32a66cd873b99ba
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 110000000
- Grade
- 0.08
- Grade Unit
- % Al2O3
- Cutoff Grade
- 10
- Cutoff Unit
- % DTR MR
Prior Estimate
- Resource Date
- 2026-06-11
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The reported alumina content is a key impurity for iron ore concentrate quality, showing a very low level for an inferred resource.
Negative factors
- alumina is a common impurity in iron ore
Evidence · table
“0.08”
Context: 110
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLodestone Iron Ore Project · iron_oreTonnes: 98000000Grade: 69Grade Unit: %View all detailsHide details
Identity
- Project
- Lodestone Iron Ore Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- KLI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:26c38a84ace9c4fc56f1
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 98000000
- Grade
- 69
- Grade Unit
- %
- Cutoff Grade
- 20
- Cutoff Unit
- % DTR MR
Prior Estimate
- Resource Date
- 2026-06-11
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a high-grade inferred iron ore resource, compliant with JORC standards, but its inferred category indicates lower geological confidence.
Positive factors
- JORC compliant
- high grade
Negative factors
- inferred resource
Evidence · table
“69”
Context: 98
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLodestone Iron Ore Project · silicon_dioxideTonnes: 98000000Grade: 3.9Grade Unit: % SiO2View all detailsHide details
Identity
- Project
- Lodestone Iron Ore Project
- Commodity
- silicon_dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- KLI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:26c38a84ace9c4fc56f1
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 98000000
- Grade
- 3.9
- Grade Unit
- % SiO2
- Cutoff Grade
- 20
- Cutoff Unit
- % DTR MR
Prior Estimate
- Resource Date
- 2026-06-11
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The reported silica content is an important parameter for iron ore concentrate quality, indicating a relatively low impurity level for an inferred resource.
Negative factors
- silica is a common impurity in iron ore
Evidence · table
“3.9”
Context: 98
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLodestone Iron Ore Project · aluminium_oxideTonnes: 98000000Grade: 0.07Grade Unit: % Al2O3View all detailsHide details
Identity
- Project
- Lodestone Iron Ore Project
- Commodity
- aluminium_oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- KLI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:26c38a84ace9c4fc56f1
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 98000000
- Grade
- 0.07
- Grade Unit
- % Al2O3
- Cutoff Grade
- 20
- Cutoff Unit
- % DTR MR
Prior Estimate
- Resource Date
- 2026-06-11
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The reported alumina content is a key impurity for iron ore concentrate quality, showing a very low level for an inferred resource.
Negative factors
- alumina is a common impurity in iron ore
Evidence · table
“0.07”
Context: 98
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLodestone Iron Ore Project · iron_oreTonnes: 77000000Grade: 69Grade Unit: %View all detailsHide details
Identity
- Project
- Lodestone Iron Ore Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- KLI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:98802e2f799bd333f42f
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 77000000
- Grade
- 69
- Grade Unit
- %
- Cutoff Grade
- 30
- Cutoff Unit
- % DTR MR
Prior Estimate
- Resource Date
- 2026-06-11
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a high-grade inferred iron ore resource, compliant with JORC standards, but its inferred category indicates lower geological confidence.
Positive factors
- JORC compliant
- high grade
Negative factors
- inferred resource
Evidence · table
“69”
Context: 77
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLodestone Iron Ore Project · silicon_dioxideTonnes: 77000000Grade: 3.4Grade Unit: % SiO2View all detailsHide details
Identity
- Project
- Lodestone Iron Ore Project
- Commodity
- silicon_dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- KLI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:98802e2f799bd333f42f
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 77000000
- Grade
- 3.4
- Grade Unit
- % SiO2
- Cutoff Grade
- 30
- Cutoff Unit
- % DTR MR
Prior Estimate
- Resource Date
- 2026-06-11
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The reported silica content is an important parameter for iron ore concentrate quality, indicating a relatively low impurity level for an inferred resource.
Negative factors
- silica is a common impurity in iron ore
Evidence · table
“3.4”
Context: 77
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLodestone Iron Ore Project · aluminium_oxideTonnes: 77000000Grade: 0.05Grade Unit: % Al2O3View all detailsHide details
Identity
- Project
- Lodestone Iron Ore Project
- Commodity
- aluminium_oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- KLI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:98802e2f799bd333f42f
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 77000000
- Grade
- 0.05
- Grade Unit
- % Al2O3
- Cutoff Grade
- 30
- Cutoff Unit
- % DTR MR
Prior Estimate
- Resource Date
- 2026-06-11
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The reported alumina content is a key impurity for iron ore concentrate quality, showing a very low level for an inferred resource.
Negative factors
- alumina is a common impurity in iron ore
Evidence · table
“0.05”
Context: 77
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 13Lodestone Iron Ore ProjectView all detailsHide details
Identity
- Project
- Lodestone Iron Ore Project
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- KLI
Resource scope
- Reporting standards
- jorc
- Resource group id
- resource:608e03ec7730071545aa
- Mining method
- open_pit
Prior Estimate
- Resource Date
- 2026-06-11
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The acquisition of an 80% interest in the Lodestone Iron Ore Project is a highly material and novel event, providing Killi with an existing resource and a clear pathway to production, funded partly by equity and a royalty.
Positive factors
- Acquisition of a project with an existing resource
- Strategic move to diversify and add a bulk commodity project
- Vendors free carried until final investment decision
Evidence · text
“Killi has entered into agreement to acquire 80% of the issued capital of Yukon Resources Pty Ltd (ACN 609 082 591) (Yukon), the holder of the Lodestone Iron Ore Project. The consideration payable by Killi to the Vendors for the Acquisition comprises: (a) 92,727,273 fully paid ordinary shares in Killi (Consideration Shares), having a total value of $20,400,000 based on a deemed issue price of $0.22 per share; and (b) A 2.5% gross revenue production royalty.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 14View all detailsHide details
Identity
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- KLI
Resource scope
- Reporting standards
- jorc
- Mining method
- open_pit
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The capital raise provides significant funding for the company's operations and growth initiatives, demonstrating investor confidence.
Positive factors
- Strengthens Killi’s balance sheet
- Provides flexibility for quality opportunities
- Reflects confidence in the Company’s growth
Evidence · text
“On 20 August 2026, the Company completes placement of Tranche 2 of 19,108,235 shares at $0.22, raising approximately $4.2 million.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.