Kairos announces promising developments at Mt York lithium gold project
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
In the last three weeks Kairos Minerals (ASX:KAI) has delivered some important news regarding its Roe Hills gold project and the Mt York lithium gold project, both located in Western Australia.
Encouraging exploration news regarding the Roe Hills project released at the end of August resulted in a share price spike of circa 10%, but with sentiment towards the gold price waning in recent weeks the company’s shares have retraced from 4.5 cents to yesterday’s closing price of 4 cents.
However, there is the potential for a significant and more sustained share price kick today with KAI releasing the results of geochemical analysis of soil samples recently taken at its Mt York lithium-gold project in relation to a strong lithium-caesium-tantalum anomaly outlined as southern extensions to the prolific Pilbara/Altura Pilgangoora lithium corridor.
The recently completed geochemical review of this region highlighted numerous significant gold and lithium-tantalum targets. The results have identified major extensions to the Old Faithful, Iron Stirrup, Main Hill, Breccia Hill and Zakanaka South gold deposits.
What comes of these deposits is yet to be determined so if considering KAI for your portfolio, seek professional financial advice.
The outcome of these exploration results is highlighted in the following mapping, but it is also significant that several extensive, previously unrecognised and unexplored gold bearing anomalous trends have been defined as high priority drill targets.
Iron Stirrup is already shaping up as a potentially promising prospect with KAI having recently reported an indicated and inferred mineral resource estimate for the deposit of 714,000 tonnes grading 1.99 grams per tonne gold for 45,000 ounces of contained gold.
Is also important to note that the Old Faithful deposit was part of the initial JORC resource established at that time and it has an indicated and inferred mineral resource of 2069 Kt grading 1.37 grams per tonne gold for 90,000 ounces of contained gold.
Given the relatively shallow resources total 135,000 ounces, management intends to further explore these tenements with drilling at Mt York to commence this month.
A number of near to medium-term share price catalysts are evident with KAI continuing to evaluate the Main Hill and Breccia Hill deposits to define a maiden JORC 2012 compliant gold resource.
As highlighted by management, it is important to note that KAI retains a significant lithium exploration portfolio covering more than 1100 square kilometres in the East Pilbara, including the highly prospective Wodgina East project where maiden exploration programs are continuing. As can be seen below, the company’s tenements are ideally positioned in close proximity to those held by Pilbara Minerals and Altura Mining.
In summing up today’s developments, Managing Director, Joshua Wellisch said, “The continued focus by Kairos’ technical team on advancing Mt York with a methodical, multi-disciplinary approach, has again delivered exceptional gold and lithium targets in the lead up to our maiden drilling program in the Pilbara”.
He also said that the group plans to continue drilling at Mt York through 2017, expanding its known gold JORC resource, as well as drilling the new high priority gold and lithium targets.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.