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Kaili Resources Limited ( (AU:KLR) ) has shared an update.
Kaili Resources Limited has received approval from the South Australian Department of Energy and Mining to commence a drilling program at its Lameroo, Karte, and Coodalya tenements. This initiative aims to explore for rare earth elements within the region’s Tertiary Strandlines. The company plans to conduct shallow Aircore drilling to test for REE mineralization, building on previous encouraging assay results from initial drilling at Lameroo. This development positions Kaili Resources to potentially enhance its resource base, aligning with industry trends of increasing interest in rare earth elements, crucial for various high-tech applications.
More about Kaili Resources Limited
Kaili Resources Limited operates in the mining industry, focusing on the exploration and development of rare earth elements (REEs). The company is engaged in identifying and evaluating potential mineral deposits, particularly within the Murray Basin in South Australia.
Technical Sentiment Signal: Buy
Current Market Cap: A$884.4K
Learn more about KLR stock on TipRanks’ Stock Analysis page.