Slide 1: Lodestone Iron Ore Project
ASX | KLI Lodestone Iron Ore Project LOCATION & INFRASTRUCTURE Western Australia home of Iron Ore GRADE High purity concentrate 68 - 70% Fe (DTR) SCALE 25km of iron ore mineralization TEAM Industry leading team with exceptional track record
Slide 2: Disclaimers
Disclaimers The Company believes that it has a reasonable basis for making the forward-looking statements in this presentation based on the This presentation has been prepared by Killi Resources Limited (ACN 647 322 790) (“Killi” or "Company") and its subsidiaries. The information contained herein a
Slide 3: Team with Proven Track Record
TEAM WITH PROVEN TRACK RECORD Neville Power Hamish Halliday Steve Parsons Michael Naylor Stuart Owen Chairman Founder Founder Consultant Major Shareholder Major Shareholder Major Shareholder Major Shareholder Chief Geologist • From 2011 to 2018, Mr Power was • Geologist with over 25 years of • Over
Slide 4: Lodestone Iron Ore Project
LODESTONE IRON ORE PROJECT LOCATION Broome Located in the heart of the Mid - West Iron Ore District Only ≈200km to the Port of Geraldton Port Hedland Karratha INFRASTRUCTURE Leveraging off extensive existing infrastructure Newman Road, Rail, Grid Power, Port Carnarvon WESTERN GRADE AUSTRALIA High pu
Slide 5: Exceptional Location
EXCEPTIONAL LOCATION THE LODESTONE COMPETITIVE ADVANTAGE Immediately adjacent to the worlds largest steel producers (ANSTEEL and Baowu Steel) Existing road network ≈200km to the Port of Geraldton Existing rail network to the Port of Geraldton Existing 132kV power (WA State Government) Geraldton Port
Slide 6: Leverage to Midwest (WA) Infrastructure
LEVERAGE TO MIDWEST (WA) INFRASTRUCTURE THE LODESTONE COMPETITIVE ADVANTAGE Infrastructure Underutilised Port Road Rail Port of Geraldton 2030 Plan ASX KLI 6
Slide 7: A High Value Premium Product
A HIGH VALUE PREMIUM PRODUCT THE LODESTONE COMPETITIVE ADVANTAGE Lodestone Iron Ore Body – Geologically Blessed Sub - euhedral magnetite ranging in size from 0.1mm – COARSE GRAINED fully recrystallized magnetite 5mm ore body, 10 to 100 x coarser than typical BIF deposit in Western Australia HIGH PUR
Slide 8: A Standout Premium High-Value Product Compared to Other Australian Peers
A STANDOUT PREMIUM HIGH - VALUE PRODUCT COMPARED TO OTHER AUSTRALIAN PEERS CONCENTRATE GRADE VS GRIND SIZE 180 Lodestone Iron Coarse Grained Nature Drives Value 160 140 Allows for a simple circuit design 120 Substantial savings in operating costs Grind Size (microns) 100 Potential for major reductio
Slide 9: Unique Geological Setting
UNIQUE GEOLOGICAL SETTING A unique geological setting resulted in a fully recrystallized magnetite ore body “Contact metamorphism either side of Lodestones ore body has fully re - crystallized the magnetite body over 25km of strike” ASX KLI
Slide 10: Maiden JORC Resource
MAIDEN JORC RESOURCE 110mt @ 33% Mass Recovery – for 69% Fe concentrate 1 Broad zones of mineralization from surface (30m - 60m true width) Opportunity for Immediate step out growth drilling Commencement of 20,000m RC program Multiple resource upgrades anticipated over the next 12 months No drilling
Slide 11: Substantial Resource Growth Planned
SUBSTANTIAL RESOURCE GROWTH PLANNED Northern Zone Current JORC Resource Resource Growth 110Mt @ 33% MR – 69% Fe Current resource covers less than 20% of identified mineralization Central Zone Resource Growth Drilling to target additional 20km of crystalline magnetite Southern Zone Parallel zones alr
Slide 12: Simple Low-Cost Flow Sheet
SIMPLE LOW - COST FLOW SHEET Lodestone Preliminary Flowsheet Design Typical WA Magnetite Flowsheet Primary Crush Primary Crush Secondary Crush Secondary Crush Ball Mill (coarse grind size) High Pressure Grind (HPGR) Rougher + Cleaner Mag Sep Rougher Mag Sep Concentrate (69% Fe) 2 Ball Milling Cleane
Slide 13: Why Target DR Grade & Electric Arc Furnace
WHY TARGET DR GRADE & ELECTRIC ARC FURNACE STEEL PRODUCTION Direct Reduction (DR) pallets attract a substantial premium ( ≈40%) over the 62% Fe Index Electric Arc Furnace (EAF) predicted to account for half of all steel production by 2050 Projects capable of producing high purity magnetite are rare
Slide 14: The Global Rise of EAF Steel Production
THE GLOBAL RISE OF EAF STEEL PRODUCTION AND DEMAND FOR DR GRADE FEED An additional 100mt of DR grade feed needed by 2030 Bloomberg estimates by 2035, DR - grade pellets will face a supply deficit of 67Mt S&P Global expects deficit of 70- 85Mt by 2035. Wood McKenzie estimates a supply gap of 200mt by
Slide 15: What's Next?
WHAT’S NEXT? DRILLING AND RESOURCE GROWTH Aggressive infill and extensional drilling 40,000m Multiple Resource Upgrades Completion of further detailed Metallurgy Programs Fully funded through to Prefeasibility Study Management fully focused on growth and a pathway to FID ASX KLI 15
Slide 16: Killi Resources Corporate Summary
KILLI RESOURCES CORPORATE SUMMARY CAPITAL STRUCTURE SUBSTANTIAL SHAREHOLDERS Current 1,2 Pro - Forma 3 Current 1 Pro - Forma Ordinary Shares on Issue 197.9 358.9 Neville Power 8.58% 4.60% Unlisted Options (ex 10 - 20c) and Steve Parsons 4.82% 14.61% 8.3M 51.3M Performance Rights Hamish Halliday 3.23
Slide 17: Catalyst Rich
CATALYST RICH FULLY FUNDED THROUGH PFS 2026 2027 2028 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Growth Drilling Resource Updates Metallurgy Scoping Study/PFS Environmental & Permitting ASX KLI 17
Slide 18: Lodestone Iron Ore Project
LODESTONE IRON ORE PROJECT LOCATION & INFRASTRUCTURE Broome Exceptional location in the heart of the Mid - West Iron Ore District Port Hedland Karratha GRADE Newman Capable of producing high purity high value concentrate 68 - 70% Fe Based on DTR testing Carnarvon WESTERN AUSTRALIA SCALE Meekatharra
Slide 19: Contact Us
CONTACT US E: hamish@lodestoneiron.com.au Media W: www.killi.com.au Paul Armstrong A: Level 2, 8 Richardson Street Read Corporate West Perth WA 6005 E: paul@readcorporate.com.au ASX KLIASX KLI 19
Slide 20: Appendix A - Deal Structure
Appendix A - DEAL STRUCTURE Killi to purchase 80% of Lodestone Iron Lodestones remaining 20% free carried until FID Killi to have first right of refusal over Lodestone’s remaining 20% Lodestone to retain a 2.5% royalty ASX KLI 21
Slide 21: Appendix B Resource Estimate Summary Table
Appendix B RESOURCE ESTIMATE SUMMARY TABLE Lodestone Iron Project Inferred Resources (Fresh zone) for key elements by DTR Mass Recovery cut - offs. DTR Concentrate Lower cut - off DTR Million DTR Mass Class Mass Recovery % Tonnes Recovery % Fe % SiO2 % Al2O3 % 0 110 33 69 3.9 0.08 10 110 33 69 3.9 0
Slide 22: Appendix C – Peer Comparison Support
Appendix C – Peer Comparison Support Concentrate Project Company Grind Size Grade Reference Grade derived from resource model & Grind size from DTR Lodestone Iron Killi Resources 150 microns 69% Fe composites AusIMM - Fine Grinding Circuit Process Improvement at the Karara Mine Concentrator. Accesse