Latest Killi Resources (ASX:KLI) News

Killi Resources has received regulatory approval to launch a major drilling campaign at its newly acquired Lodestone iron ore project, aiming to expand and upgrade a 110Mt inferred resource with a high-purity magnetite concentrate.

A brutal sell-off in a few small caps sat alongside takeover bids, fresh capital raisings and strong gains in medtech. The week split the market in two: buyers chased clear funding and approval news, while weaker stories sank fast after reopening.

Big price swings hit the materials board as deal news, capital raisings and resource updates pulled stocks in opposite directions. Gold M&A stayed busy, while critical minerals names kept feeding the market with drilling, testwork and project studies.

Killi Resources has agreed to acquire an 80% interest in the Lodestone Iron Ore Project, boasting a 110Mt inferred resource with premium 69% Fe concentrate, backed by a $15 million capital raise.

Killi Resources has significantly extended the King Louie Breccia gold-copper-molybdenum anomaly at its Mt Rawdon West Project, setting the stage for imminent drill testing backed by government funding.

Killi Resources has completed surface sampling at its Mt Rawdon West Project, revealing a significant gold-copper-molybdenum breccia linked to a large subvolcanic intrusive centre. Assay results expected in May will shape upcoming drilling plans.

Micro-caps stole the spotlight, led by a boardroom reset at Killi and a blockbuster cancer update from Amplia. Energy explorers and a few big raisings moved the other way, as traders sold hard into fresh dilution and weak price action.

A boardroom shake-up and a fresh placement sparked the week’s biggest move, while critical minerals deals kept drawing buyers. Gold explorers also ran hard on drill hits, but several gapped stocks showed how fast early moves can fade.

Killi Resources Limited has successfully completed the first tranche of its share placement, issuing over 26 million shares to raise just over $1 million. The company confirms full regulatory compliance with no undisclosed information.

Killi Resources has won a Queensland Government grant to co-fund drilling at its Mt Rawdon West copper-gold project, targeting a compelling porphyry system. The planned drilling aims to test significant geochemical and geophysical anomalies in the Baloo prospect.

Killi Resources has appointed former Fortescue CEO Nev Power as Non-Executive Chair and secured $1.4 million through a share placement led by Power and other key executives. The capital will support exploration at Mt Rawdon West and new growth initiatives.

The week was split between big earnings reactions and small-cap rocks-and-rigs rallies. Pro Medicus sank despite record numbers, while a handful of explorers jumped on fresh discoveries and policy wins.