Australian (ASX) Stock Market Forum

KAI - Kairos Minerals

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Any current thoughts Peter ?
I know it's too early to call a bottom, but I suspect it's close.... needs confirmation though.
Am thinking that if it holds above 4 cent, being a recent support level, it may run again.
Decent volume today noted.

Screenshot_20201103-230612.png
 
Thoughts on KAI? Phew, glad I didn't buy when price was going down. Price has tumbled -50% (0.09 - 0.041).
The question is, are we at a bottom yet? Price is at a significant support level as this was the level that price last rallied from. It's the same company with the same prospects. The only difference is that sentiment for these speculative drillers has changed. Money has been getting out of this sector and going elsewhere for the last few weeks. I'm seeing this across the market and my 20 position spec portfolio.

It appears that KAI is waiting for results of their latest drilling program. KAI has plenty of cash ($12M) to continue to explore it's prospects.
Like before, I need to wait for a chart setup.

0611c.PNG
 
peter2 said:
The only difference is that sentiment for these speculative drillers has changed. Money has been getting out of this sector and going elsewhere for the last few weeks. I'm seeing this across the market and my 20 position spec portfolio.
Click to expand...
I haven't quite fully worked out where the money's going yet ...

(I have noticed quite a lot of trucks and trades style vehicles may be randomly stopped on the side of the road for short periods of time... could they be playing the stocks? )

Thanks for the update Peter. ;):xyxthumbs
 
Have noticed a bit of interest today.
Chart looking much improved and yesterday's announcement indicating a few recent works results announcements should be forthcoming in the next few weeks months.
They seem to be in the same nearology vicinity as DEG, so maybe worth a look at.

3 month daily chart. Yesterday triggered the PSAR indicator to turn and breaking the upper BB

Screenshot_20210602-132556.png
 
Kairos Minerals (ASX: KAI) has defined a new exploration target at its Pilbara gold project south of Port Hedland containing between 4.4 million tonnes to 7.4Mt of gold bearing ore.
The exploration target, which has grades ranging between 1.5 grams per tonne gold and 1.8g/t, is located close to the company’s promising Mt York and Iron Stirrup deposits as well as to the Zakanaka prospect.
It is possible that the new target area contains extensions of the mineralisation from the historical pits at Zakanaka, the company predicts.
 
Not sure if the punters are aware of the 2 nearology plays on this one?,
1. near DeGreys world class Hemi gold deposit and
2. near Mineral Resources’ Tier-1 Wodgina Lithium deposit


ASX ANNOUNCEMENT
28 July 2021

Pilbara exploration accelerates with vast number of assays expected in coming weeks

Assays for +10,000m of RC and 5,000m of AC drilling now in the laboratory

Highlights
• Initial phase of AC (air-core) drilling completed at the Kangan Project, located 20km south of the world-class 6.8Moz Hemi deposit.

• The 5,454m/133-hole program tested a sizeable anomalous gold target adjacent to major structures identified from aeromagnetic and soil geochemistry data.

• The drilling intersected various intrusive lithologies, including mafic intrusions and a significant amount of pegmatites.
Assays are expected in 6-7 weeks.

• First assay results received from the ongoing drilling program at the 873,500oz Mt York Gold Project, with best initial intercepts from the Old Faithful prospect including:
• 28m @ 1.43g/t Au from 72m in MYRC156, including:
➢ 4m @ 2.37g/t Au from 84m

• Airborne magnetic and radiometric survey completed at the Wodgina Project, located immediately adjacent to Mineral Resources’ Tier-1 Wodgina Lithium deposit (Ore Reserve of 151.9Mt grading 1.17% Li2O) to generate exploration targets.

• Ultrafine+ soil sampling program, part of the CSIRO research initiative, also completed at Wodgina, with 1,517 samples submitted for assay.

• Fixed-loop transient electro-magnetic (FLTEM) survey completed at the Tierra prospect, part of the Croydon Project, to evaluate a large conductive body identified in a previous SAM survey adjacent to previous drilling and high-grade copper-gold rock chips.

• Exploration continuing at the Skywell Project, with further mapping, rock chips and soil sampling programs underway.
 
ASX ANNOUNCEMENT
15 September 2021

Exceptional high-grade gold zone intersected at Mt York

Outstanding new high-grade intercept of 32m at 3.79g/t Au including a zone grading up to 15.7g/t is the best gold intercept in the history of the 873,500oz Mt York deposit

Highlights
• Significant new results received from the major Reverse Circulation drilling program at the 873,500oz Mt York Gold Project, with a new high-grade zone identified:
• 32m @ 3.79g/t Au from 124m in KMYC128, including:
• 16m @ 6.62g/t Au from 132m, including:
• 4m @ 15.7g/t Au from 144m

• The new intercept extends the mineralisation 90m down-dip in an area previously named “The Gap”, located between the historic Main Hill and Breccia Hill pits where minimal drilling has been conducted.
• The mineralisation remains open at depth and represents an exciting new target for follow-up drilling.
• The standout intercept in KMYC128 represents the best gold intercept in history for the Mt York deposit, where 1,041 holes have been drilled for more than 46,000 metres.
• To the date of this announcement, Kairos has completed 87 RC drill holes for 12,876m at the Mt York Project.
• Due to the industry-wide turnaround delays in receiving assay results, Kairos has decided to have a month’s break to allow it to receive additional results and plan further drilling. The drill rig is due to be back at the project by the end of this month.
 
ASX ANNOUNCEMENT
1 October 2021

Kairos substantially expands Pilbara exploration footprint with new strategic licence applications.

New Exploration Licence Applications covering 479.2 km2 are prospective for lithium-caesium-tantalum (‘LCT’) pegmatites and intrusion-related gold mineralisation

Highlights

• Kairos’ technical team has identified and secured a strategic Project via new applications in the Pilbara district of Western Australia.

• New acquisition increases the size of Kairos’ tenure in the Pilbara by 30% to 2,026km2.

• The Rocklea Project Licences include granitic rocks of the Sisters Supersuite intrusion and volcanic rocks of the Warrawoona Group.

• A new Exploration Licence Application has been added to the Lalla Rookh Project, located next to the Lalla Rookh historic gold mine.

• The Exploration Licences covering the Rocklea and Lalla Rookh Projects are prospective for both Hemi-style, intrusive-related gold discoveries and lithium-caesium-tantalum (‘LCT’)
pegmatite discoveries.

• Kairos is planning an airborne magnetic and radiometric survey for both project areas.

Kairos’ Executive Chairman, Terry Topping, said:
“This is an exciting addition to our Pilbara Gold Project, which already encompasses a very large and strategic footprint in this Tier-1 mining and exploration district."

“The new licence applications will increase our overall ground-holdings by 30% to over 2,000 square kilometres, making us one of the largest land-holders in the central and east Pilbara with ground situated across a number of important strategic geological structures."

“The new Exploration Licences covering the Rocklea and Lalla Rookh Projects are highly prospective for both Hemi-style, intrusive-related gold discoveries and LCT-style pegmatite lithium discoveries."

“This is another demonstration of our commitment as a long-term strategic explorer in the Pilbara region and further strengthens our deep pipeline of exploration opportunities. We look forward to the commencement of initial exploration activities including an airborne magnetic and radiometric survey.”

Held.
 
ASX ANNOUNCEMENT
4 November 2021

Major Lithium-Caesium-Tantalum (LCT) targets identified at Wodgina Project

Two high-priority targets identified from preliminary Ultrafine+ soil geochemistry results less than 3km from the world-class Wodgina Lithium Mine

Highlights
• Coherent and robust LCT anomalies outlined by Ultrafine+™ soil sampling at the 100%-owned Wodgina Project in the Pilbara Region of WA.

• Pegmatites have been mapped within the LCT anomalous areas, with a nearby historical rock chip sample that returned an assay result of 1.6% Li2O.

• The two high-priority LCT targets are located less than 3km from the world-class Wodgina Lithium Mine, which is set to recommence spodumene concentrate production next year.

• Results are still pending for just over one-third of the soil samples collected.

• A follow-up mapping and rock chip program is planned once all the results have been received.

3 year chart (weekly bars)

Screenshot_20211111-122144.png


3 month chart (daily bars)

Screenshot_20211111-122204.png
 
A please explain for yesterday's efforts.
I note, no mention of a decent increase in the POG over the last few days.

"3. No. However, with reference to the Company’s ASX Announcement on 4 November 2021, please note that the Company has an extensive Gold and Lithium exploration program underway in the Pilbara of Western Australia and note also the recent press releases regarding the restart of the Wodgina Lithium Mine which is in close proximity to the Company’s exploration leases."

Looking for continuation on a mid to longer term basis. Held

Screenshot_20211112-090234.png
 

Kairos Minerals (ASX:KAI) hits wide, consistent gold below resource at Mt York, WA​

themarketherald.com.au

Kairos Minerals (ASX:KAI) hits wide, consistent gold below resource at Mt York, WA

Kairos Minerals (ASX:KAI) has recorded wide and consistent gold intersections below the current resource at its Mt York project in Western Australia.
themarketherald.com.au themarketherald.com.au

Assay results for 33 of 46 drill holes completed between September and December last year have returned grades between 0.5 and 4.25 grams per tonne (g/t) of gold over intersections between seven and 80 metres.

Kairos highlighted a top result of five metres at 4.25 g/t gold from Gossan Hill, as well as seven metres at 3.35 g/t gold and eight metres at 3.67 g/t from Breccia Hill.

Live charts: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^KAI&p=0&t=1
 
Positive sentiment ramping up for KAI. Drilling to commence at the Black Cat lithium prospect this week. A big FOMO vibe that I hope will extend into August is pushing the share price higher at the moment. That momentum may make August a good month for KAI.

But knowing my luck, it will retrace starting tomorrow. :D
 
Up to 76 hole, two month long drilling campaign now underway at KAI's Black Cat Lithium Project. I'm not going to make any predictions about the outcome of this campaign but there should be plenty of news flow to come over the next couple of months.

I'm not holding but wish all KAI shareholders the best of luck.

KAI_Drilling_underway_at_large_Black_Cat_lithium_target.jpg
 

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