Kaili Resources Limited ( (AU:KLR) ) has shared an announcement.
Kaili Resources Limited has announced the selection of drill sites for its upcoming rare earth elements exploration program across its Lameroo, Karte, and Coodalya tenements in South Australia. The company has strategically chosen roadside locations for drilling to minimize public disruption and is in discussions with local councils to prepare for the exploration activities. The drilling program aims to explore the Loxton Parilla Sands for rare earth mineralization, with the company seeking necessary environmental approvals from the South Australian Department of Energy and Mining. This initiative could enhance Kaili Resources’ positioning in the rare earths market, especially considering recent successful exploration results by Australian Rare Earths in nearby areas.
More about Kaili Resources Limited
Kaili Resources Limited is a company involved in the exploration and development of mineral resources, focusing primarily on rare earth elements. The company operates in the Murray Basin, Limestone Coast, South Australia, and is engaged in activities that potentially position it within the rare earths sector, which is crucial for various high-tech industries.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.18M
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