# KLI: Annual Report to shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/kli-annual-report-to-shareholders--f6555b13-fb83-498b-b00e-b795d268b628 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146216 Publisher: asx Original announcement: 2026-09-30T04:41:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-30T05:09:37.859Z Atlas analysis updated: 2026-09-30T05:09:37.859Z - 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 Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas 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 factor: Acquisition of a significant iron ore project with an existing Inferred Resource - Positive factor: Strengthening of board and management with experienced executives - Positive factor: Successful capital raises to fund future exploration and development - Positive factor: Clear plans for aggressive exploration and resource growth at the newly acquired project - Negative factor: Drilling at Kaa \(Mt Rawdon West\) did not replicate strongest surface sampling results - Negative factor: Exploration inherently carries risk, as stated by the company Facts used in scoring: 14 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: 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 Disclosed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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 Resource** Polarity: neutral Definition: 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) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/kli-annual-report-to-shareholders--f6555b13-fb83-498b-b00e-b795d268b628#fact-resource-facts-0) Lodestone Iron Ore Project · iron\_ore #### 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 factor: JORC compliant - Positive factor: high grade - Negative factor: inferred resource Evidence · table > 69 Context: 110 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/kli-annual-report-to-shareholders--f6555b13-fb83-498b-b00e-b795d268b628#fact-resource-facts-1) Lodestone Iron Ore Project · silicon\_dioxide #### 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 factor: silica is a common impurity in iron ore Evidence · table > 3.9 Context: 110 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/kli-annual-report-to-shareholders--f6555b13-fb83-498b-b00e-b795d268b628#fact-resource-facts-2) Lodestone Iron Ore Project · aluminium\_oxide #### 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 factor: alumina is a common impurity in iron ore Evidence · table > 0.08 Context: 110 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/kli-annual-report-to-shareholders--f6555b13-fb83-498b-b00e-b795d268b628#fact-resource-facts-3) Lodestone Iron Ore Project · iron\_ore #### 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 factor: JORC compliant - Positive factor: high grade - Negative factor: inferred resource Evidence · table > 69 Context: 110 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/kli-annual-report-to-shareholders--f6555b13-fb83-498b-b00e-b795d268b628#fact-resource-facts-4) Lodestone Iron Ore Project · silicon\_dioxide #### 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 factor: silica is a common impurity in iron ore Evidence · table > 3.9 Context: 110 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/kli-annual-report-to-shareholders--f6555b13-fb83-498b-b00e-b795d268b628#fact-resource-facts-5) Lodestone Iron Ore Project · aluminium\_oxide #### 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 factor: alumina is a common impurity in iron ore Evidence · table > 0.08 Context: 110 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/kli-annual-report-to-shareholders--f6555b13-fb83-498b-b00e-b795d268b628#fact-resource-facts-6) Lodestone Iron Ore Project · iron\_ore #### 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 factor: JORC compliant - Positive factor: high grade - Negative factor: inferred resource Evidence · table > 69 Context: 98 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/kli-annual-report-to-shareholders--f6555b13-fb83-498b-b00e-b795d268b628#fact-resource-facts-7) Lodestone Iron Ore Project · silicon\_dioxide #### 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 factor: silica is a common impurity in iron ore Evidence · table > 3.9 Context: 98 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/kli-annual-report-to-shareholders--f6555b13-fb83-498b-b00e-b795d268b628#fact-resource-facts-8) Lodestone Iron Ore Project · aluminium\_oxide #### 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 factor: alumina is a common impurity in iron ore Evidence · table > 0.07 Context: 98 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/kli-annual-report-to-shareholders--f6555b13-fb83-498b-b00e-b795d268b628#fact-resource-facts-9) Lodestone Iron Ore Project · iron\_ore #### 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 factor: JORC compliant - Positive factor: high grade - Negative factor: inferred resource Evidence · table > 69 Context: 77 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/kli-annual-report-to-shareholders--f6555b13-fb83-498b-b00e-b795d268b628#fact-resource-facts-10) Lodestone Iron Ore Project · silicon\_dioxide #### 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 factor: silica is a common impurity in iron ore Evidence · table > 3.4 Context: 77 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/kli-annual-report-to-shareholders--f6555b13-fb83-498b-b00e-b795d268b628#fact-resource-facts-11) Lodestone Iron Ore Project · aluminium\_oxide #### 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 factor: alumina is a common impurity in iron ore Evidence · table > 0.05 Context: 77 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 13 [Link to this fact](https://atlas-staging.minestarters.com/news/kli-annual-report-to-shareholders--f6555b13-fb83-498b-b00e-b795d268b628#fact-resource-facts-12) Lodestone Iron Ore Project #### 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 factor: Acquisition of a project with an existing resource - Positive factor: Strategic move to diversify and add a bulk commodity project - Positive factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 14 [Link to this fact](https://atlas-staging.minestarters.com/news/kli-annual-report-to-shareholders--f6555b13-fb83-498b-b00e-b795d268b628#fact-resource-facts-13) #### 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 factor: Strengthens Killi’s balance sheet - Positive factor: Provides flexibility for quality opportunities - Positive factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: 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.