Kaili Resources Limited (AU:KLR) has released an update.
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Kaili Resources Limited is refocusing its exploration efforts on rare earths and precious metals, particularly in South Australia’s Limestone Coast and Western Australia’s Yilgarn Craton, following the end of its parent company’s debt financing. The company has surrendered several high-cost tenements and is seeking new opportunities with gold potential to enhance its portfolio. Despite the challenges, Kaili remains committed to its strategic pivot and anticipates future exploration activities, contingent on securing necessary funding.
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