WA’s next premium iron ore opportunity, backed by proven leadership
KEY HIGHLIGHTS
- Infrastructure nearby. Rail, road and grid power sit alongside Lodestone, about 200km from Geraldton Port.
- Processing potential. Coarse magnetite and low impurities could support premium concentrate economics.
- Funded drilling. Approximately A$18.5m in pro forma cash supports resource definition.
Investment view
Peer-based EV/contained concentrate iron valuation yields A$0.56–0.65 per share. Drilling, metallurgical validation and planned Scoping/Pre-Feasibility Studies are potential catalysts. Resource growth, processing cost advantages and DR-grade production remain conditional.
Proven leadership strengthens Killi’s development capability
Killi appointed Nev Power, former Fortescue Metals Group Managing Director and CEO, as Chairman. He brings over 40 years’ experience in mining, mineral processing, infrastructure and steelmaking, having led Fortescue from 2011 to 2018. Geologist Hamish Halliday adds approximately 30 years’ exploration, project development and corporate experience. Consultants Steve Parsons and Michael Naylor add expertise in resource discovery, project advancement, corporate strategy and capital markets. Together, they strengthen Killi’s capability to advance Lodestone through resource expansion, technical studies and potential development.