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Microcap explorer Killi Resources’ (ASX: KLI) share price has jumped +131% on Monday on a number of key appointments, including naming former Fortescue group chief executive Nev Power as non-executive chair.
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The Australian company has today reported successful resources executives Steve Parsons and Michael Naylor are set to become substantial shareholders and consultants to Killi, while highly regarded geologist Hamish Halliday has been appointed as a technical consultant for the company.
Killi also advised it had received firm commitments for $1.4 million in a share placement with Mr Power, Mr Parsons and Mr Naylor corner-stoning the placement and becoming substantial shareholders in the company.
Non-executive director, Richard Bevan, said proceeds will be used to position the company for exploration at Mt Rawdon West, due diligence on new potential growth opportunities and for corporate costs, and general working capital.
“The board is delighted to welcome Mr Power as non-executive chairman, and we look forward to utilising his extensive experience as we unlock the value of our existing assets and identify new opportunities.
“We also welcome Mr Parsons, Mr Naylor and Mr Halliday as consultants,” the company director said. “They will bring extensive corporate and geological experience which will be invaluable as we seek to identify and assess growth opportunities with our existing assets and new opportunities.”
Phil Warren has resigned as a director effective April 1, CY26, and Richard Bevan will remain on the board as a non-executive director.
Mr Power’s career covers more than four decades across mining, minerals processing, construction and steel making. He is credited with leading the transformation of Fortescue Metals Group into one of the world’s major iron-ore producers. Under his leadership, Fortescue tripled its iron ore production and dramatically reduced its production costs. Before joining Fortescue, Mr Power held chief executive positions at Thiess and the Smorgon Steel Group.
Mr Halliday has 30 years corporate and technical experience and was involved in the discovery and funding of multiple large-scale mineral projects across five continents. He has held numerous executive and non-executive roles in the mining industry since CY01.
Notably, he founded Adamus Resources, which he then grew from a $3 million IPO to a multi-million ounce emerging gold producer. He also co-founded a number of other successful junior miners.
KLI is up +131% to 12cps. Mkt cap $7.294M.
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