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An announcement from Kaili Resources Limited ( (AU:KLR) ) is now available.
Kaili Resources reported that its core activity remains rare earth element exploration, with three wholly owned tenements—Lameroo, Karte and Coodalya—covering 1,989 square kilometres in the Limestone Coast’s Murray Basin, about 200 kilometres east of Adelaide and close to key infrastructure. The projects target ionic clay-style rare earth deposits hosted in Tertiary Loxton/Parilla sands, positioning the company alongside other explorers in a region where Australian Rare Earths has already delineated a significant resource and advanced to pre-feasibility studies, underscoring the strategic potential of Kaili’s ground for future development and value creation for stakeholders.
The most recent analyst rating on (AU:KLR) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Kaili Resources Limited stock, see the AU:KLR Stock Forecast page.
More about Kaili Resources Limited
Kaili Resources Limited is an Australian exploration company focused primarily on rare earth elements, regarded as strategic minerals for future technologies. Through its wholly owned subsidiary Kaili Gold Pty Ltd, the company holds 100% interests in three tenements in South Australia’s Limestone Coast region, and it also maintains an interest in potential copper, gold, silver and base metal projects within Australia.
Average Trading Volume: 93,740
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$25.8M
Learn more about KLR stock on TipRanks’ Stock Analysis page.