Kaili Resources secures two new rare earth exploration tenements

Kaili Resources Limited (ASX: $KLR) has announced the successful grant of two additional tenements for a six-year period each to February 2030 within the Murray Basin, Limestone Coast in South Australia. The new tenements, EL 6977 Karte and EL 6978 Coodalya, have significantly increased the company's combined tenements from 987 km2 to 1,985 km², providing a substantial land position over the Rare Earth Elements (REEs) prospective Loxton/Parilla Sands.

Executive Commentary

The Company is pleased to announce the grant of two additional tenements, EL 6977 Karte and EL 6978 Coodalya, which significantly expand our land position over the REEs prospective Loxton/Parilla Sands. We are looking forward to the results of the aircore drilling program completed within EL 6856 Lameroo and remain optimistic about the exploration potential in the Murray Basin. Our focus on the Murray Basin hosted Loxton/Parilla sands for REE mineralisation aligns with our strategic goals and commitment to exploration excellence.

Summary

Kaili Resources Limited (ASX: $KLR) has secured two new rare earth exploration tenements, EL 6977 Karte and EL 6978 Coodalya, expanding its land position over the REEs prospective Loxton/Parilla Sands in South Australia. The company completed an aircore drilling program within EL 6856 Lameroo and is awaiting the assay results. With a focus on the Murray Basin hosted Loxton/Parilla sands for REE mineralisation, Kaili Resources remains optimistic about the exploration potential and is committed to its strategic goals. The company's expansion of its land holdings reflects its dedication to exploration excellence and its pursuit of opportunities in the rare earth sector.