Spodumene-Bearing Pegmatite Samples Discovered at Mt York Gold Deposit, Pilbara Wa

Kairos Minerals Limited (‘KAI’) Managing Director, Dr Peter Turner said “The discovery of spodumene pegmatites on our tenements in a World-class spodumene pegmatite district is highly significant for Kairos.

Highlights

• Spodumene Pegmatite samples have been discovered during routine earthmoving activities next to the flagship Mt York Gold Deposit
• Spodumene (lithium pyroxene) is a highly sought after critical raw material used in the manufacture of rechargeable Electric Vehicle (EV) batteries
• Five pegmatite samples from ‘Lucky Sump’ analysed at Corescan Pty Ltd in WA found to contain spodumene in association with beryl, garnet and micas
• Spodumene pegmatites are part of a larger interpreted dyke swarm at Mt York
• Samples will be sent for multi-element analysis to determine their lithium grade

“It appears that these samples may be part of a larger pegmatite dyke swarm that is largely under cover.

“Spodumene pegmatites are rare in Australia and this discovery indicates we are in a fertile lithium-caesium-tantalum (LCT) district with potentially significant upside.

“Whilst we wait for the chemical analysis from the laboratory for these samples, drilling activities at the Lucky Sump lithium discovery will be prioritised as part of the large programme planned for the Mt York Gold Project”.

Figure 1. Kairos Geologist Campbell Watts holding a piece of pegmatite containing large crystals interpreted to be spodumene, discovered at ‘Lucky Sump’ during routine earth moving activities.

Figure 2. with Kairos Managing Director and Geologist Peter Turner examining pegmatite samples from recent earthmoving activities at the Lucky Sump Prospect. Host rocks to the pegmatites appear to be basaltic-gabbroic rocks. The pegmatite samples have been excavated from their source below the sump and are not considered transported.

Figure 3. Location of the Lucky Sump Prospect in relation to Pilbara Minerals’ Pilgangoora Lithium Mine.

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