Drilling Update at Mt York, Pilbara WA

Kairos Minerals (ASX:KAI) owns 100% of the flagship 1.1 Mozs Mt York Gold Project that was partially mined by Lynas Gold NL between 1994 and 1998. Pre-feasibility work is progressing rapidly underpinned by a +20,000m diamond and RC drilling campaign to collect important information for further resource expansion, metallurgical testwork, mining and process engineering to determine viability and optimal pathway to develop a sustainable, long-lived mining project. Current resources at a 0.7 g/t Au cutoff grade are shown in the table below.

Highlights – Lucky Sump

• First hole drilled at Lucky Sump (KMY216) intercepted 5m of pegmatite; Assays pending
  
• Pegmatite intervals of 2-3m drilled in two other holes at Lucky Sump
• In light of these results, further RC holes are being planned at Lucky Sump and at Zakanaka, 2km north of Lucky Sump
• RC samples will be sent for multi-element analysis to determine lithium grade and Hylogger-3 for mineralogy

Highlights – Mt York Gold Project

• Sulphide zones intercepted in all diamond drill holes, extending and expanding interpreted mineralised zones
  
• Spectacular wide and significant sulphide-silicified zones drilled outside of current resource envelope at Main Hill (KMYD070)
• Nine dimond holes for 2,844m completed in the 89-hole programme
• Core cutting and sample preparation to begin this month

“At our flagship Mt York Gold Project, drilling has intersected spectacularly wide silicified- sulphide zones within the mine stratigraphy in both hangingwall and footwall positions to the main mineralised banded iron formation.

“We expect to continue seeing very thick sulphide-silicified zones known to be associated with mineralisation outside the current resource estimate as we have just seen in hole KMYD070, because this deposit is very much untested by drilling.

“We feel extremely confident that our targeting strategy based on 3D modelling and structural interpretation will extend the mineralisation significantly beyond the current 1.1 Mozs resource in preparation for the prefeasibility study”.

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