TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An announcement from Kaili Resources Limited ( (AU:KLR) ) is now available.
Kaili Resources Limited has commenced an Aircore drilling program at the Limestone Coast Project in South Australia, targeting rare earth elements within the Loxton/Parilla Sands. This initial program, consisting of 55 holes, aims to identify potential areas with minimal disruption to private land, leveraging local council approvals. The exploration is strategically positioned to cover a large area, with the potential to expand to 300 holes as approved by the Department of Energy and Minerals. The initiative follows successful exploration by Australian Rare Earths in the region, highlighting the area’s potential for significant rare earth element deposits.
More about Kaili Resources Limited
Kaili Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in the exploration of rare earth elements, which are critical components in various high-tech and clean energy applications.
Average Trading Volume: 2,589,177
Technical Sentiment Signal: Buy
Current Market Cap: A$81.07M
See more insights into KLR stock on TipRanks’ Stock Analysis page.