Chi is a two system jump from these faction systems: Core, Outcasts, Rheinland. It is a one system jump from Kappa and Delta. It is inhospitable, dangerous, and difficult to navigate, but it has three ways in/out. Six factions have a close interest in it. Core, AI, Nomad, Outcasts, Zoners, and Rheinland (perhaps).
I would suggest Iridium ore would be better placed there, and O-Lost closed. It means multiple opportunities to engage in various ways, less cap ship interdiction, and more snub fighter use. More variety to evade interdiction and an incentive to team mine just to get in and out quickly.
"In view of such harmony in the cosmos which I, with my limited human mind, am able to recognize, there are yet people who say there is no God. But what really makes me angry is that they quote me for the support of such views." Einstein