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Kaili Resources Limited ( (AU:KLR) ) just unveiled an update.
Kaili Resources Limited has commenced an Aircore drilling campaign across its Lameroo, Coodalya and Karte tenements in the Mallee Project area of South Australia’s Murray Basin to explore for rare earth elements hosted in the fine clay fraction of Tertiary strandline sands. The low-cost, widely spaced 30-hole program, totalling up to 600 metres and focused mainly on the Coodalya tenement, is designed to minimise disruption by utilising roadside verges and will generate geological and assay data to guide larger follow-up drilling within an approved envelope of up to 300 holes. The initiative follows successful rare earth discoveries and resource definition by nearby competitors in the same basin, underscoring the region’s emerging importance for ionic clay-style rare earths and potentially enhancing Kaili’s strategic position in the critical minerals sector if results prove favourable.
The most recent analyst rating on (AU:KLR) stock is a Hold with a A$0.16 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 on mineral projects, including rare earth elements, with tenements in South Australia’s Murray Basin region. The company targets geological formations such as the Loxton/Parilla Sands that are considered prospective for ionic clay-style rare earth deposits, positioning it within the critical minerals and energy transition supply chain space.
Average Trading Volume: 103,191
Technical Sentiment Signal: Buy
Current Market Cap: A$23.58M
Learn more about KLR stock on TipRanks’ Stock Analysis page.