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Kaili Resources Limited ( (AU:KLR) ) just unveiled an update.
Kaili Resources Limited has reviewed its exploration investment strategy, leading to the disposal of certain high-risk tenements in Western Australia due to high exploration costs and weak investor interest. The company is now concentrating on rare earths and precious metals, with plans to seek approvals for drilling at its tenements in South Australia and Western Australia, while also exploring new opportunities for gold exploration to diversify its portfolio.
More about Kaili Resources Limited
Kaili Resources Limited is involved in the exploration industry, focusing primarily on rare earths and precious metals. The company holds 100% interests in tenements in South Australia and is currently targeting regions known for successful rare earth element exploration, driven by the positive market outlook for critical minerals.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$884.4K
See more data about KLR stock on TipRanks’ Stock Analysis page.
