Gold, copper and rare earths explorer Killi Resources announced on Friday the resumption of share trading, citing the failure to reach agreement on commercial terms for a previously mentioned mineral project acquisition.
The explorer, which has assets in Western Australia and Queensland, clarified that the potential acquisition, while unsolicited, could have complemented its existing exploration assets. However, an agreement on commercial terms proved elusive.
Killi expressed its commitment to ongoing strategic evaluation, emphasising its dedication to reviewing and assessing new projects that could enhance its portfolio.
Killi’s stock traded 7% lower at A$0.066 a share on Friday.