Image source: © 2025 Krish Capital Pty. Ltd.

Highlights

  • Kaili Resources’ shares rose 43.6% to 39.5 cents per share on 15 September 2025.

  • The Company completed 54 drill holes totaling 973 metres across three Limestone Coast Project tenements.

  • Assay results for Total Rare Earth Oxide grades are expected by mid-October 2025.

Kaili Resources Limited (ASX:KLR) saw its share price rise sharply by 43.6% to reach AUD 0.395 per share during trading on 15 September 2025. The movement followed the Company’s announcement regarding the completion of Rare Earth Elements (REEs) drilling at its Limestone Coast Project.

Completion of Drilling Program

The Company confirmed that the Aircore drilling campaign, which commenced last Monday, was successfully completed over the weekend. The program targeted three Limestone Coast Project tenements — Lameroo EL 6856, Coodalya EL 6978, and Karte EL 6977.

A total of 54 drill holes, each up to 18 metres in depth, were completed for a combined 973 metres. From this program, 973 samples were collected and will undergo pXRF scanning in the coming days to identify the presence of Rare Earth Elements.

Assay Testing and Next Steps

Kaili Resources stated that samples indicating potential high-grade mineralisation will be sent to ALS Laboratory in Adelaide for further analysis to confirm Total Rare Earth Oxide (TREO) grades. The Company expects final assay results by mid-October 2025 and will release the findings once received.

Project Location and Geological Context

The three tenements are located approximately 200 kilometres east of Adelaide and are easily accessible by highway. They overlie the Loxton/Parilla Sands, a geological setting where REEs are reported to be contained within fine clay fractions of Tertiary Strandlines, an ionic clay-style deposit type.

Kaili Resources also noted that Australian Rare Earths (ASX:AR3), which holds nearby tenements within the same region, has reported an estimated JORC 2012 resource of 236 million tonnes at 748 ppm Total Rare Earth Oxides. Australian Rare Earths is currently advancing its project toward a pre-feasibility study, supported by a AUD 5 million Australian Government co-funding grant, as per its ASX release dated 30 September 2024.