Highlights

  • Killi reported that it had acquired an 80% interest in the Lodestone Iron Ore Project in Western Australia.
  • The company reported that diamond hole KKDD001 intersected approximately 80.
  • A reverse-circulation rig commenced work in October alongside the diamond rig.
  • At Mt Rawdon West, access and environmental work continued ahead of proposed drilling, with timing potentially extending beyond the summer fire season.

Killi Resources (ASX:KLI) is navigating Lodestone magnetite resource expansion as investors weigh its recent company developments alongside a 5-day-to-one-year market perspective. On 2 November 2026, shares were quoted at AUD 0.235, up 4.44% in the stated session, within a reported range of AUD 0.225 to AUD 0.240. The company’s reported Market Capitalisation was AUD 84.77M, while the one-year share-price change stood at 240.58%. Those figures describe the stock, not the outcome of the underlying projects or strategy.

Lodestone Campaign Targets a Larger Resource

Killi reported that it had acquired an 80% interest in the Lodestone Iron Ore Project in Western Australia. Its maiden 20,000-metre program commenced in August 2026 and was designed to expand and upgrade an existing 110Mt inferred mineral resource. The project is approximately 200 kilometres from the Port of Geraldton.

Step-Out Holes Extend Geological Testing

The company reported that diamond hole KKDD001 intersected approximately 80.2 metres of coarse-grained crystalline magnetite about 100 metres south of the resource boundary. KKDD004, about 600 metres south of that boundary, intersected approximately 50 metres of magnetite and identified a parallel lode about 16 metres wide. These are downhole geological observations, not new resource estimates.

Second Rig Broadens the Work Program

A reverse-circulation rig commenced work in October alongside the diamond rig. Killi also completed a drone magnetic survey across the approximately 25-kilometre Lodestone trend, with results pending in its September quarterly report. Core processing and metallurgical testing were also identified as upcoming technical work.

Further Studies and Other Targets

At Mt Rawdon West, access and environmental work continued ahead of proposed drilling, with timing potentially extending beyond the summer fire season. Killi also retained exposure to West Tanami through its arrangement with Gold Fields. These programs have different timelines and should not be presented as equally advanced.

Share Performance and Outlook

The quoted session high was AUD 0.240 and the low was AUD 0.225; market capitalisation was AUD 84.77M. The 4.44% session gain contrasts with the stated one-year movement of 240.58%. Near-term attention remains on Lodestone magnetite resource expansion, with later disclosures needed to establish whether the reported plans have progressed. The share-price move should not be treated as evidence that any future project milestone is guaranteed.