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Kaili Resources Limited ( (AU:KLR) ) has issued an update.
Kaili Resources has reported laboratory assay results from an aircore road-verge drilling campaign completed in February at its Mallee Project tenements of Lameroo, Coodalya and Karte in South Australia. The program, comprising 52 shallow holes and 52 samples above 200 ppm TREE, returned significant TREO intercepts up to 812.5 ppm, confirming REE mineralisation within the targeted Loxton/Parilla Sands stratigraphy.
The results, described by the company’s principal geologist as encouraging, strengthen the exploration case for the Coodalya tenement and support plans for further verge drilling and potential grid-based drilling on freehold land in the eastern sector. Together with prior work and existing approvals for up to 300 drill holes, the assays position Kaili to intensify exploration in a region already validated by neighbouring discoveries, potentially enhancing its strategic footing in the emerging Murray Basin REE province.
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 mineral exploration company focused on rare earth elements within South Australia’s Murray Basin. The company is advancing exploration on the Lameroo, Coodalya and Karte tenements, targeting ionic clay-style REE deposits hosted in the Loxton/Parilla Sands, a region that has attracted peers such as Australian Rare Earths with significant defined resources.
Average Trading Volume: 90,959
Technical Sentiment Signal: Buy
Current Market Cap: A$21.37M
See more insights into KLR stock on TipRanks’ Stock Analysis page.