- Kairos Minerals (KAI) expands its footprint in Western Australia’s Pilbara region by 30 per cent to over 2000 square kilometres
- The exploration company secures three new licences — two of which make up the new Rocklea project and the other adds to the existing Lalla Rookh project.
- Rocklea hosts lithium pegmatite and gold mineralisation potential while the Lalla Rookh licence may be prospective for gold and base metal mineralisation
- Kairos looks forward to undertaking initial exploration which will include an airborne magnetic and radiometric survey
- Company shares are trading up 1.67 per cent at 3.1 cents at 1:06 pm AEST
Kairos Minerals (KAI) has expanded its footprint in Western Australia’s Pilbara region by 30 per cent to over 2000 square kilometres.
The WA-based explorer applied for three new exploration licences — two of which make up the new Rocklea project and the other adds to the existing Lalla Rookh project.
The Rocklea exploration licences span a 376.6-square kilometre area and cover the granitic rocks of the Sister Supersuite intrusion which is displaced by a fault zone. The Sister Supersuite rocks are prospective for lithium-caesium-tantalum (LCT) pegmatites and intrusion-related gold mineralisation.
The new exploration licence at Lalla Rookh contains ultramafic rocks which are prospective for gold and base metal mineralisation. Additionally, the historical Lalla Rookh mine sits just two kilometres south of the new tenement area.
Like the Rocklea project, the three existing tenements within Lalla Rookh are prospective for LCT pegmatites and intrusion-related gold mineralisation.
Executive Chairman Terry Topping was pleased to add new tenements to its strategic footprint in a tier one mining and exploration district.
“The new licence applications will increase our overall ground-holdings by 30 per cent to over 2000 square kilometres, making us one of the largest landholders in the central and east Pilbara with ground situated across a number of important strategic geological structures,” he said.
“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 activities including an airborne magnetic and radiometric survey.”
Moving forward, Kairos Minerals plans to conduct survey work over the new tenements as well as drilling and sampling at its existing projects in he Pilbara region.
Company shares were trading up 1.67 per cent at 3.1 cents at 1:06 pm AEST.