Kairos Minerals

Overview

When it comes to raw materials, the state of Western Australia in Australia stands out as one of the world’s largest exporters of raw materials. The state is the main exporter of minerals and petroleum commodities in Australia, including iron ore, gold, alumina, nickel, liquified natural gas, copper and lithium. Western Australia also produces a significant proportion of these commodities –– including 32 percent of the world’s iron ore and 29 percent of the world’s garnet.

However, Western Australia is considerably well-known for its long and documented history of gold rushes dating back to the late 1800s. In 2021, Australia was the third-largest producer of gold and according to the Annual Survey of Mining Companies for 2021, Western Australia bested other jurisdictions in terms of the Investment Attractiveness Index. Today, Western Australia’s Pilbara region is home to multiple gold-producing mines, including Novo Resources Corp.’s (TSE:NVO) Nullagine Gold project, Northern Star Resources Ltd.’s (ASX:NST) Paulsens Gold mine and Newcrest Mining Ltd.’s (TSE:NCM) Telfer mine.

Kairos Minerals Ltd. (ASX:KAI) is a mineral exploration company focused on advancing a portfolio of highly prospective gold projects in Australia. Kairos Minerals has two key project hubs located in Western Australia's premier mining districts. The company is led by a strong management team with decades of experience in mineral exploration.

The company’s fully-owned Pilbara Gold Project is located at the epicenter of the Pilbara gold rush in Pilgangoora. The project is home to the historical Lynas gold project which produced more than 125,000 ounces of gold from 1994 to 1998. The Pilbara Gold project is prospective for Hemi style intrusive related gold targets. The Hemi gold deposit is one of Australia’s recent major gold discoveries that sparked interest for its intrusive style of geology that was previously not well known for its mineralization.

Kairos Minerals’ Pilbara Gold project features three deposits, including the Mount York, Iron Stirrup and Old Faithful deposits which form the cornerstone of the project. Kairos announced an updated Indicated and Inferred Mineral Resource Estimate for these three centrally located deposits comprising 9 million tonnes at 1.3g/t gold for 873,500 ounces of contained gold which includes a Mineral Resource Estimate for the Mt York deposit of 17.2 million tonnes at 1.26g/t gold for 697,700 ounces of contained gold.

The company’s Pilbara Gold project consists of the Mount York and Pilbara Regional Gold projects. The flagship Mount York project includes an indicated and inferred resource of 17.2 million tonnes at 1.26 g/t of gold for 697,700 thousand ounces. The Mount York deposit is located approximately 100 kilometers southeast of Port Hedland. In January 2022, the company identified a significant new gold target with anomalous rock chip samples of up to 4.6 g/t of gold at the Mount York project.

Kairos Minerals’ Pilbara Regional Gold project is highly prospective for gold and lithium. The project spans 2,026 square kilometers of tenure, including granted and applications. In December 2021, the company confirmed the presence of pegmatites at the Wodgina project. As a part of the company’s review of its exploration portfolio for lithium, new targets were identified in the Pilbara region in 2022. Kairos confirmed a series of significant large-scale Lithium-Caesium-Tantalum (LCT) pegmatite targets prospective for lithium mineralisation within its 100 percent-owned Lalla Rookh Project.

In August 2022, Kairos reported high-grade lithium assays that confirm significant spodumene-bearing pegmatite discovered during routine earthmoving activities next to the flagship Mt York gold deposit. Five pegmatite samples from the Lucky Sump prospect have returned exceptional assays including 1.91 percent Li2O & 103 ppm Ta (MYR393), 1.56 percent Li2O & 115 ppm Ta (MYR401) and 0.58 percent Li2O & 167 ppm Ta (MYR396). The company further plans to conduct RC drill-test within the large area of Lucky Sump in September.

Kairos Minerals’ Eastern Goldfields project is situated in a world-class gold province with more than 130 million ounces of gold produced. The Eastern Goldfields project consists of the Roe Hills project located 120 kilometers east of Kalgoorlie in Western Australia’s Eastern Goldfields.

The fully-owned Roe Hills project comprises an extensive tenement portfolio. The company’s recent exploration work on the Roe Hills project has confirmed the potential for significant discoveries of high-grade gold, nickel, cobalt and lithium mineralization. A review of the soil sampling program conducted in 2020 has identified a coherent lithium and pathfinder elements anomaly in the area. The 2.7 kilometers x 0.4 kilometers northeast-trending lithium anomaly is similar in terms of its interpreted geology, orientation,and geochemistry to the Manna Lithium Prospect, now 80 percent-owned by Global Lithium Resources (ASX: GL1), located ~10km north of the Roe Hills project area.

The company leverages the strategic positioning of its assets. Kairos Minerals' Roe Hill project adjoins the emerging Lake Roe gold discovery that is owned by Breaker Resources (ASX: BRB). The Roe Hills project is also located near Silver Lake Resources’ Mount Monger/Randalls Gold operations and the Aldiss Gold project with million-plus tonne resources each. The company’s Pilbara Gold project is immediately adjacent to Pilbara Minerals’ major lithium-tantalum project which is currently in production.

The company is currently awaiting further assay results from RC drilling on its Mount York project. Going forward, the company is focused on obtaining results from the in-fill AC drilling program at the Kangan project. Kairos Minerals is also putting efforts into gold and lithium target generation from the previous exploration. Additionally, the company also plans to conduct mining studies for the Mount York project and commence analysis of the regional geochemistry sampling from Mount York, Wodgine, Kangan and Skywell projects. The company also hopes to complete additional heritage surveys at the Kangan and Skywell project as well as gold and lithium exploration at Roe Hills.

Company Highlights

• Kairos Minerals Ltd. (ASX:KAI) is a mineral exploration company focused on advancing a portfolio of highly prospective gold projects in premier mining districts in Western Australia, Australia.
• Kairos Minerals’ fully-owned Pilbara Gold project in a prolific district and features a JORC total mineral resource of 20.93 million tonnes at 1.3 g/t of gold for 873,000 ounces.
• The Pilbara Gold project is home to the historical Lynas gold project which produced more than 125,000 ounces of gold from 1994 to 1998.
• The company’s Pilbara Gold project consists of the flagship Mount York and Pilbara Regional Gold projects. The Mount York project includes an indicated and inferred resource of 17.2 million tonnes at 1.26 g/t of gold for 697,700 thousand ounces.
• Kairos Minerals’ Eastern Goldfields project consists of the fully-owned Roe Hills project in a world-class gold province. The Roe Hills project has the potential for significant discoveries of high-grade gold, nickel, cobalt and lithium mineralization.
• The company leverages the strategic positioning of its assets near major mineral discoveries and mineral-producing mines.