Killi Resources (ASX: KLI) has announced the acquisition of an 80% interest in the Lodestone Iron Ore Project in Western Australia’s Mid-West, adding a maiden Inferred Mineral Resource Estimate of 110 million tonnes and a magnetite product profile that the company says can produce 69% Fe concentrate with low impurities. The project sits approximately 200 km from the Port of Geraldton and is close to road, rail and grid power infrastructure.