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An update from Killi Resources Limited ( (AU:KLI) ) is now available.
Killi Resources has overhauled its leadership, appointing former Fortescue Metals Group chief executive Nev Power as non-executive chair from 1 April 2026 and engaging prominent resources figures Steve Parsons and Michael Naylor as consultants, alongside geologist Hamish Halliday as technical consultant. The board changes, including the resignation of director Phil Warren and the ongoing role of Richard Bevan as non-executive director, aim to strengthen strategic, corporate and technical capability as the company seeks to unlock value from its portfolio.
To support its growth plans, the company has secured firm commitments for a $1.424 million equity placement at $0.038 per share, cornerstoned by Power, Parsons and Naylor, who will become substantial shareholders. Funds will be directed to exploration at Mt Rawdon West, due diligence on new growth opportunities and working capital, while Power will also receive performance rights tied to a share price hurdle, aligning his incentives with shareholder value creation.
Killi will issue the placement in two tranches under its current placement capacity and subject, in part, to shareholder approval at a general meeting expected in early May 2026. The company has also updated its registered address to new offices in West Perth and appointed Jamie Byrde as company secretary, signalling a broader corporate reset alongside its refreshed board and capital structure.
The most recent analyst rating on (AU:KLI) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Killi Resources Limited stock, see the AU:KLI Stock Forecast page.
More about Killi Resources Limited
Killi Resources Limited is an Australian mineral exploration company listed on the ASX under the ticker KLI. The company focuses on identifying and advancing mineral projects, including its Mt Rawdon West exploration activities, targeting growth opportunities in the resources sector through both existing assets and new prospects.
Average Trading Volume: 131,651
Technical Sentiment Signal: Hold
See more insights into KLI stock on TipRanks’ Stock Analysis page.