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PILBARA GOLD LIMITED AGM Information 2021

Nov 24, 2021

65554_rns_2021-11-24_4c7273db-1e03-4925-9ec0-ab081f30970f.pdf

AGM Information

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AGM Perth November 2021

TERRY TOPPING – EXECUTIVE CHAIRMAN

Corporate Summary

ASX Shares onIssue Options onIssueKAIOG UnlistedOptions onIssue SharePrice Market Cap 12-MonthRange Cash andliquid assetson hand
KAI 1,675M 285M** 248M 2.8cps 47M 1.0-9.1c ~$5.1M *
BOARD OF DIRECTORS * 30 Sept 2021
Terry ToppingExecutive Chairman Bruno SenequeChief Financial Officer Neil HutchisonNon-executive Director ** Options 31 Dec 2021, 2.5cps
Fully underwritten for $7.1M

  • 13,400 soil samples taken covering over 1,000-line km.
  • 17,980m of RC drilling
  • 5,454m of AC drilling

Field Exploration 2021 Pilbara West Australia

Mount York Project

  • 873,000 oz gold Resource
  • 14,988m of RC completed in 2021
  • Scoping studies initiated (ongoing)
  • New targets generated for follow up drilling

Pilbara Regional Gold Exploration

  • 2,026 sq km of tenure in the Pilbara WA
    • Recent land increases with a focus on gold and lithium
    • 5,454m AC drilling completed at Kangan gold and lithium project.
    • Regional Mapping and CSIRO Ultrafine Soil sampling continuing, Hemi target generation
  • Roe Hills WA Goldfields
    • Prospective strike length of +40km – Gold and Nickel exploration
    • RC drilling for 3,000m completed.

Australia – Expanded tenure in the Pilbara WA

Pilbara Gold Project – 3 Deposits 873,000 ounces

  • The JORC Mineral Resource will underpin the commencement of open pit mining studies for the Pilbara Gold Project.
  • The deposits are adjacent to the Lithium mines held by Pilbara Minerals some 120km south of Port Hedland and 75 south of the 6.8M oz DEG Hemi deposit.
  • 15,000m of infill and extensional RC drilling completed, designed to expand the current resources and to bring a significant portion of the resources to Indicated and Measured.
Deposit Indicated Inferred Total
Tonnes (kt) Au (g/t) Ounces (koz) Tonnes (kt) Au (g/t) Ounces (koz) Tonnes (kt) Au (g/t) Ounces (koz)
Mt York 6,844 1.29 284 10,419 1.23 413 17,263 1.26 698
Iron Stirrup 797 1.63 41 843 1.65 45 1,639 1.64 86
Old Faithful 925 1.33 39 1,102 1.41 50 2,027 1.37 89
Total 8,565 1.33 366 12,364 1.28 507 20,929 1.30 873

Note: Numbers may not total due to rounding

(1) Resources are constrained by depths determined by a whittle shell that assumed basic economic parameters

  • (2) Mt York comprises of the Breccia Hill, Main Hill and Gossan Hill deposits
  • (3) Resource was previously released to the ASX on 4 March 2020

Mount York Deposit – best hole recently intersected

  • Kairos completed 95 RC drill holes for a total of 14,988m at Mt York deposit. Results have been received from 67 holes to date, with best intercepts including:
  • 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
  • 36m @ 1.18g/t Au from 124m in KMYC127
  • 8m @ 1.45g/t Au from 104m in KMYC130
  • 20m at 1.58g/t from 28m in KYMC141

Pilbara Regional - Hemi style intrusive related gold targets

Kangan Project – 5,000m AC just 20km from Hemi discovery

  • 5,545m of AC completed following a detailed review of 2020 work utilising CSIRO Ultrafine Geochem has highlighted numerous Intrusive Related Gold targets.
  • More detailed Geochem has been completed during 2021
  • Heritage surveys for follow up RC and further AC drilling on track.
  • Follow up AC drilling underway.

Kangan Project – new gold target for follow up AC drilling

Wodgina Airport

Kangan Project – new lithium pegmatite targets

Page: 10

Wodgina Project – Significant unlocked Lithium potential

  • Located between the Wodgina Tantalum Mine and Pilgangoora Lithium Mine, 100km south of Port Hedland.
  • A new 1.7km long target area was defined by coherent and robust LCT anomalies, with values of up to 238ppm Li, 293ppm Cs and 78ppb Ta returned from Ultrafine+™ soil analysis .

Skywell Project – large Intrusive Related gold potential

Skywell Project – large Intrusive Related gold potential

Page: 13

KAIROS MINERALS (ASX:KAI) – Key milestones

  • The Company has remained focussed exploration over the last 4 years in the Pilbara and Goldfields of West Australia.
  • Strong cash balance of $5.31M at 30 September 2021
  • $7.1M fully underwritten options due 31 December 2021
  • 873,000 oz Resource and mining studies underway at Mount York.
  • 17,980m RC program completed in 2021 at Mount York and Roe Hills.
  • Over 13,400 soil samples collected in 2021 over 1,000-line km for new CSIRO Ultrafine analysis.
  • 5,454m of AC drilling completed at Kangan.
  • $US gold price of $US 1790/oz.
  • Market Capitalisation of $51 million