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PILBARA GOLD LIMITED — Capital/Financing Update 2021
Nov 15, 2021
65554_rns_2021-11-15_cd0d7f9a-9566-4ab3-b5ca-6d1a73506bf7.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
16 November 2021
Anomalous gold and lithium intersected in maiden aircore drilling at Kangan Project
3,000m of follow-up air-core drilling to commence in late November following highly encouraging results from such a wide-spaced program
Highlights
-
Initial assay results received from reconnaissance air-core drilling at the Kangan Project, located 20km south of the world-class 6.8Moz Hemi deposit.
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The 5,454m/133-hole program tested a sizeable anomalous gold target adjacent to major structures identified from soil geochemistry and aeromagnetic data.
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Four wide spaced drill holes returned shallow anomalous gold results above 0.1g/t Au in zones near the mafic/ultramafic intrusions.
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Best gold intercept from the Kangan Project include:
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4m @ 0.18g/t Au from 32m in KNRC011.
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Three holes which returned anomalous gold are located near a 3km long structure which is similar to large regional structures adjacent to the Hemi deposit.
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The drilling intersected various intrusive lithologies, including mafic intrusions and a significant amount of pegmatites, with five holes returning anomalous lithium results.
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Three high-priority lithium-caesium-tantalum (LCT) targets defined from the Ultrafine+ soil sampling program, with heritage approvals in progress to clear these areas for drilling.
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Significant areas of pegmatites identified by field mapping within the Kangan Project.
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3,000m follow up air-core drilling program set to commence later in November.
Kairos’ Executive Chairman, Terry Topping, said: “We are very encouraged by the initial results of this widespaced air-core program at Kangan and subsequent soil sampling and mapping – both from a gold and a lithium perspective. The 5,454m program has returned significant anomalous gold values from initial testing of the largescale gold target – an important outcome considering how widely spaced the holes were. With line spacing of 200m to 600m, there is potential for a significant gold deposit to be located in the bedrock somewhere beneath these drill lines. The location of significant anomalous gold adjacent to a major regional structure that bears strong similarities to the regional structure at Hemi, is an intriguing development.
“We are planning to return with in-fill air-core drilling in late November to further evaluate this potential.
T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI
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“Importantly, the holes also intersected various intrusive lithologies, including mafic intrusions and a significant amount of pegmatite. This adds an exciting new dimension to this project, with the drilling returning significant anomalous lithium values. Previous Ultrafine+ soil sampling and mapping has delineated three large LCT pegmatite targets which we intend to further evaluate when air-core drilling.”
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Figure 1: Pegmatites mapped during the latest reconnaissance field trip to the Kangan project area.
Kairos Minerals Ltd (ASX: KAI; “Kairos” or “the Company”) is pleased to report highly encouraging initial assay results from its reconnaissance air-core (AC) drilling program at the 100%-owned Kangan Project , located 70km south of Port Hedland in Western Australia.
The program comprised 133 holes for 5,454m and was designed to test a sizeable anomalous gold target adjacent to major structures identified from aeromagnetic and soil geochemistry data. Results have been received from four-metre composite samples and single-metre bottom-of-hole samples.
In addition to the AC drilling results, three high-priority LCT targets have been defined from an Ultrafine+ sampling program, with several new areas of pegmatites now identified within the Kangan Project area.
T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI
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Figure 2: Samples from the air-core drilling at Kangan Project.
Air-core drilling results – gold
The AC drilling program has been successful in identifying anomalous gold zones, with four holes returning gold values above 0.1g/t of gold. Three of these holes are located near the north-south structure interpreted from the airborne geophysical survey conducted by Kairos last year (Figure 3).
This structure is at least 3km long within the Kangan Project area and is similar to large regional structures adjacent to the Hemi Deposit with an orientation analogous to the Falcon intrusion.
Most of the assay results received are from four-metre composite samples with best intercepts including:
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4m @ 0.18g/t Au from 32m in KNAC011.
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4m @ 0.13g/t Au from 28m in KNAC007.
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4m @ 0.10g/t Au from 16m in KNAC052.
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• 4m @ 0.10g/t Au from 16m in HNAC074.
Individual one-metre samples have now be submitted for gold and multi-element analysis from all anomalous four-metre composite samples.
Several mafic intrusions were observed in the drilling, adjacent to the large north-south regional structure and near the contact between the Split Rock and the Cleland intrusions (Figure 3).
T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI
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Figure 3: Anomalous gold results from AC drilling at Kangan Project, from four-metre composite samples.
This program was conducted on a 100m to 200m drill-hole spacing and 200m to 600m line spacing and intersected various intrusive lithologies, including mafic intrusions and a significant amount of pegmatites.
The Bostech AC rig is due to return to the project at the end of this month to conduct an in-fill drilling program.
Air-core drilling results – lithium anomalies
Five drill holes returned anomalous assay results for lithium, two times above the background value of 80ppm Li. The best lithium result was returned from hole KNAC097, 1m @ 275ppm Li from 32m (bottom-of-hole sample). This hole is located approximately 1km from the interpreted contact between the Cleland and Split Rock supersuites (Figure 4).
The pegmatites encountered in this drilling program could be associated with the Split Rock magmatic event, or the Sisters Supersuite intrusion interpreted further west.
In the Pilbara Craton, lithium-rich pegmatites have a spatial, geochemical and geochronological association with the post-tectonic Split Rock Supersuite. A similar spatial and temporal relationship has also been drawn between the granite suite and later stages of gold mineralisation.
T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI
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Figure 4: Location of AC drill-holes and the lithium anomalies over the interpreted geological map.
LCT Targets and Mapped Pegmatites
Kairos has engaged highly respected consulting geochemist Dr Nigel Brand to conduct a study on the geochemical sampling results from the Kangan Project. A field of LCT anomalies has been defined that lie within 15km of the Wodgina Lithium Mine and within 30km of the Pigangoora Lithium Mine.
Three high-priority LCT anomalies are distributed over ~7 km strike trending NNW-SSE (Figure 5).
T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI
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Figure 5: The LCT targets generated by geochemical sampling programs within the Kangan project area.
A short reconnaissance field trip was conducted to investigate a historical beryl occurrence within the Kangan Project area. Several pegmatite outcrops were mapped (see Figure 1), and a total of 25 rock chip samples were collected and submitted to Intertek Laboratory in Perth for lithium and multi-element analysis.
In July, Kairos requested an additional heritage survey to test these LCT anomalies. The survey was originally booked for October; however, it has been postponed by the Kariyarra Aboriginal Corporation. Kairos expects the survey to be conducted later this year or, at the latest, at the beginning of the 2022 survey season.
The Company has will now ramp up exploration over the last part of the year and conduct further mapping, drone surveys, and rock chip sampling over the prospective areas of pegmatites.
Next Steps
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Drone survey, mapping and rock chip sampling program over the lithium targets.
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Remaining geochemistry sampling results from the Wodgina Project.
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Geochemistry sampling results from the Kangan, Skywell and Croydon Projects.
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Second-stage geochemistry sampling program at Mt York Project.
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Additional heritage surveys at Kangan and Skywell Projects.
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Assay results from the Mt York RC drilling.
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Follow up AC drilling program at the Kangan Project.
T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005
kairosminerals.com.au ABN 84 006 189 331 ASX: KAI
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Figure 6 : Pilbara Gold Project, WA.
With the authority of the Board.
About Kairos Minerals
Kairos Minerals (ASX: KAI) is a diversified west Australian-based exploration company which is focused on the exploration and development of two key project hubs located in WA’s premier mining districts.
The Company’s 100%-owned Pilbara Gold-Project has its central “hub” located ~100km south of Port Hedland in the world-class Pilgangoora district immediately adjacent to the major lithium-tantalum projects owned by Pilbara Minerals, which is currently in production.
Since acquiring the project in early 2016, Kairos has established a JORC Indicated 8.56Mt at 1.3 g/t for 366,000oz and Inferred 12.36Mt at 1.28 g/t for 507,000oz for a Total Mineral Resource of 20.93Mt @ 1.3g/t Au for 873,500oz (ASX announcement, 4 March 2020). The Project encompasses the historical Lynas Find gold project, which produced over 125,000oz of gold between 1994 and 1998.
Kairos’s 100%-owned Roe Hills Project, located 120km east of Kalgoorlie in WA’s Eastern Goldfields, comprises an extensive tenement portfolio where the Company’s recent exploration work has confirmed the potential for significant discoveries of high-grade gold, nickel and cobalt mineralisation. Kairos’ tenure adjoins the emerging Lake Roe gold discovery, owned by Breaker Resources (ASX: BRB).
In the Pilbara, Kairos also holds 2,026 square kilometres of tenure (granted and applications) which is highly prospective for gold discoveries.
Kairos has been well recognised for its industry leading technical team that includes its Chairman Terry Topping (Taipan Resources NL, Cauldron Energy Ltd), Technical Director Neil Hutchison (Poseidon Nickel, Jubilee Mines) and consulting specialists.
T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005
kairosminerals.com.au ABN 84 006 189 331 ASX: KAI
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For further information, please contact:
Investors: Mr Terry Topping Executive Chairman Kairos Minerals Limited
Media:
Nicholas Read/Paul Armstrong Read Corporate Ph: 08 9388 1474
COMPETENT PERSON STATEMENT:
Competent Person: The information in this report that relates to Exploration Results or Mineral Resources is based on information compiled and reviewed by Mr Terry Topping, who is a Director of Kairos Minerals Ltd and who is also a Member of AusIMM. Mr Topping has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ (the JORC Code 2012). Mr Topping has consented to the inclusion in the report of the matters based on their information in the form and context in which it appears.
The Australian Securities Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
Appendix 1 – Kairos Minerals – Kangan Project JORC Code, 2012 Edition – Table 1
Section 1 Sampling Techniques and Data
| Criteria | JORC Code explanation | Commentary | ||
|---|---|---|---|---|
| Sampling | • | Nature and quality of sampling (e.g., cut channels, | • |
The samples from AC drilling were split on a 1 metre |
| techniques | random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as |
• | sample interval at rig cyclone. Samples were collected on four meters composites, with individual single meters on the bottom of holes (top of fresh rock). |
|
| limiting the broad meaning of sampling. | • | All samples were delivered by Kairos personnel to | ||
| • | Include reference to measures taken to ensure | RGR Road Haulage in Port Hedland for transport to | ||
| sample representivity and the appropriate | Intertek Minerals Laboratory in Perth WA for final | |||
| calibration of any measurement tools or systems | analysis. | |||
| • | used. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would |
• |
All samples from AC drilling are submitted for Four Acid Multi-Element Analysis (4A/OE33), Fire Assay for Gold (FA/ICP-OES). |
|
| be relatively simple (e.g., ‘reverse circulation | ||||
| drilling was used to obtain 1 m samples from | ||||
| which 3 kg was pulverised to produce a 30 g | ||||
| charge for fire assay’). In other cases, more | ||||
| explanation may be required, such as where there | ||||
| is coarse gold that has inherent sampling | ||||
| problems. Unusual commodities or mineralisation | ||||
| types (e.g., submarine nodules) may warrant | ||||
| disclosure of detailed information. | ||||
| Drilling techniques | • | Drill type (e.g., core, reverse circulation, open- | • | Air Core drilling was carried out by Bostech Drilling |
| hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g., core diameter, triple or standard tube, depth of diamond tails, face- sampling bit, or other type, whether core is oriented and if so, by what method, etc). |
• | Pty using the Drill Rig 3. The hammer was used in some circumstances to drill through the cap rock. In general, the material was recovered as pulverised samples or as small chunks of cored rock with a 20mm diameter. |
||
| • | AC drill holes were not surveyed. |
T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI
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| Criteria | JORC Code explanation | Commentary | |||
|---|---|---|---|---|---|
| Drill sample | • | Method of recording and assessing core and chip | • | AC samples were logged in detail at the drill site by | |
| recovery | sample recoveries and results assessed. | supervising geologists and recorded in the | |||
| • • |
Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of |
• • |
Company’s database. Overall recoveries were excellent and there were no significant sample recovery problems. Sample depths are continually checked against the |
||
| fine/coarse material. | rod string depth during the drilling process by the | ||||
| senior driller. | |||||
| Logging | • | Whether core and chip samples have been | • | Detailed geological logging of the entirety of each | |
| • | geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) |
• | hole by Kairos geologists is carried out on the AC chips and recorded as a qualitative description of colour, lithological type, grain size, structures, minerals, alteration, and various other features. Representative material was sieved and collected as |
||
| photography. | 1m individual samples in number-coded plastic chip | ||||
| • | The total length and percentage of the relevant | trays and stored at the Company’s site storage facility | |||
| intersections logged. | in Perth. | ||||
| • | Photography of chips is not routinely done. | ||||
| • | Detailed petrological studies are planned for selected | ||||
| samples to assist in ongoing evaluation. | |||||
| Sub-sampling | • | If core, whether cut or sawn and whether quarter, | • | Most AC samples were dry. Minor water ingress | |
| techniques and | half or all cores taken. | occurred during rod/bit changes however samples | |||
| sample preparation | • | If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. |
were generally dry once active drilling recommenced. |
||
| • | For all sample types, the nature, quality, and appropriateness of the sample preparation technique. |
• | Samples were collected at 1m intervals via on-board cone splitters then laid out on the ground. |
||
| • | Quality control procedures adopted for all sub- | • | AC samples were collected as 4m composites and 1m | ||
| sampling stages to maximise representivity of | at the bottom of holes from individual 1m samples | ||||
| samples. | from the piles. | ||||
| • • |
Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled. |
• • |
Sampling sheets were prepared and checked by Kairos’ site geologists and field technicians to ensure correct sample representation. Due to the nature of the air-core drilling, no QAQC samples were included. |
||
| Quality of assay | • | The nature, quality and appropriateness of the | • | Kairos AC drilling samples are submitted to Intertek | |
| data and laboratory tests |
• | assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument |
• | laboratory in Perth for Four Acid Multi-Element Analysis ICP-OES (4A/OE33). The gold analysis will be carried out via the FA 25/OE or MS technique being Fire Assay with 25g lead collection fire assay in new pots, analysed by |
|
| make and model, reading times, calibrations | Inductively Coupled Plasma Mass Spectrometry. | ||||
| factors applied and their derivation, etc. | • | Fire Assay is an industry-standard for gold, and it is | |||
| • | Nature of quality control procedures adopted (e.g., | considered appropriate. | |||
| standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e., lack of bias) and precision have been established. |
• • |
Four-acid digest was used for multi-element analysis and is considered acceptable for lithium analysis. No laboratory audits were undertaken. |
|||
| Verification of | • | The verification of significant intersections by | • | Primary data (geological) was collected using | |
| sampling and assaying |
• • |
either independent or alternative company personnel. The use of twinned holes. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. |
• • |
previously defined standard codes and the information uploaded in Excel files on laptop computers by Senior Supervising Geologists. No twin holes were drilled. All data is received and stored securely in digital |
|
| • | Discuss any adjustment to assay data. | format in the Company’s database. | |||
| • | Final data is rigorously interpreted by Kairos’ | ||||
| geoscientific personnel. | |||||
| Location of data | • | Accuracy and quality of surveys used to locate | • | Kairos collars surveyed by handheld GPS with an | |
| points | drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. |
• | accuracy of +/- 5m. All holes are in MGA94 Zone 50 (GDA94). |
||
| • | Specification of the grid system used. |
T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI
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| Criteria | JORC Code explanation | Commentary | ||
|---|---|---|---|---|
| • | Quality and adequacy of topographic control. | |||
| Data spacing and | • | Data spacing for reporting of Exploration Results. | • |
Minimal sample spacing for assay samples is 1m and |
| distribution | • | Whether the data spacing, and distribution is | maximum composite sample spacing is 4m. | |
| sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. |
• | Hole spacing of Kairos’ drilling ranges from 100m- 200m along section lines spaced between 200m and 600m apart in the AC program. |
||
| • | Whether sample compositing has been applied. | |||
| Orientation of data | • | Whether the orientation of sampling achieves | • | All AC holes were drilled at -60 deg varying to the |
| in relation to | unbiased sampling of possible structures and the | east or west direction. | ||
| geological structure | • | extent to which this is known, considering the deposit type. If the relationship between the drilling orientation and the orientation of key mineralised structures is |
• |
Holes are designed to intersect the geological contacts/targets as close to perpendicular as possible in order to provide approximate true width intercepts. |
| considered to have introduced a sampling bias, | ||||
| this should be assessed and reported if material. | ||||
| Sample security | • | The measures taken to ensure sample security. | • | The sample chain of custody is managed by Kairos. |
| • | All samples were collected in the field at the project | |||
| site in number-coded calico bags/secure labelled poly | ||||
| weave sacks by Kairos’ geological and field | ||||
| personnel. | ||||
| • | All samples were delivered directly to the responsible | |||
| laboratory or associated carrier by Kairos personnel | ||||
| before being transported to the laboratory in Perth | ||||
| WA for final analysis. | ||||
| Audits or reviews | • | The results of any audits or reviews of sampling | • | No audits have been completed. |
| techniques and data. |
T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI
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Section 2 Reporting of Exploration Results
| Criteria | JORC Code explanation | Commentary | ||
|---|---|---|---|---|
| Mineral | • | Type, reference name/number, location | • | Kairos Minerals owns the Tenements 100%. |
| tenement and land tenure status |
and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical |
• • |
Kangan Project has one granted Exploration Licence 45/4740. Kairos is not aware of any existing impediments nor of any potential impediments which may impact ongoing exploration and development activities at the project site. |
|
| sites, wilderness or national park and | ||||
| environmental settings. | ||||
| • | The security of thetenure held at the time | |||
| of reporting along with any known | ||||
| impediments to obtaining a licence to | ||||
| operate in the area. | ||||
| Exploration done by | • | Acknowledgment and appraisal of | • | Minimal historical exploration conducted within the Kangan |
| other parties | exploration by other parties. | project area. | ||
| Geology | • | Deposit type, geological setting, and style | • |
Kangan Project is in the eastern Pilbara terrane with potential for |
| of mineralisation. | LCT pegmatites and for intrusion-related gold mineralisation | |||
| (IRGM). It covers units of the Sisters, Split Rock and Cleland | ||||
| Supersuites. | ||||
| Drill hole Information | • | A summary of all information material to | • | The coordinates and other attributes of all drill holes relevant to |
| the understanding of the exploration results including |
the work performed in Kangan Project is included in Appendix 2 at the end of the release. |
|||
| a tabulation of the following | ||||
| information for all Material drill | ||||
| holes: | ||||
| • easting and northing of the drill |
||||
| hole collar. | ||||
| • elevation or RL (Reduced Level - |
||||
| elevation above sea level in | ||||
| metres) of the drill hole collar | ||||
| • dip and azimuth of the hole |
||||
| • down hole length and |
||||
| interception depth | ||||
| • hole length. |
||||
| • | If the exclusion of this information is | |||
| justified on the basis that the information | ||||
| is not Material and this exclusion does | ||||
| not detract from the understanding of the | ||||
| report, the Competent Person should | ||||
| clearly explain why this is the case. |
T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI
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| Criteria | JORC Code explanation | Commentary | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Data aggregation methods |
• | In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g., cutting of |
• | The result from the Kangan drilling program was reported with 0.1g/t cut-off for Au. |
|||||
| high grades) and cut-off grades are usually | |||||||||
| Material and should be stated. | |||||||||
| • | Where aggregate intercepts incorporate | ||||||||
| short lengths of high-grade results and | |||||||||
| longer lengths of low-grade results, the | |||||||||
| procedure used for such aggregation | |||||||||
| should be stated and some typical examples | |||||||||
| of such aggregations should be shown in | |||||||||
| detail. | |||||||||
| • | The assumptions used for any reporting of | ||||||||
| metal equivalent values should be clearly | |||||||||
| stated. | |||||||||
| Relationship between mineralisation widths |
• | These relationships are particularly important in the reporting of Exploration Results. |
• • |
All intercepts reported are measured in down-hole metres. All holes are oriented to provide intersections that are |
|||||
| and intercept lengths | • | If the geometry of the mineralisation with | orthogonal to the respective targeted horizon. | ||||||
| respect to the drill hole angle is known, its | |||||||||
| nature should be reported. | |||||||||
| • | If it is not known and only the down hole | ||||||||
| lengths are reported, there should be a | |||||||||
| clear statement to this effect (e.g., ‘down | |||||||||
| hole length, true width not known’). | |||||||||
| Diagrams | • | Appropriate maps and sections (with scales) and tabulations of intercepts should |
• | Relevant diagrams have been reported in this document. | |||||
| be included for any significant discovery | |||||||||
| being reported. These should include, but | |||||||||
| not be limited to a plan view of drill hole | |||||||||
| collar locations and appropriate sectional | |||||||||
| views. | |||||||||
| Balanced reporting | • | Where comprehensive reporting of all Exploration Results is not practicable, |
• | All relevant results for this stage have been reported. | |||||
| representative reporting of both low and | |||||||||
| high grades and/or widths should be | |||||||||
| practiced avoiding misleading reporting of | |||||||||
| Exploration Results. | |||||||||
| Other substantive | • | Other exploration data, if meaningful and material, should be reported including |
• | All relevant and meaningful data has been reported. | |||||
| Criteria | JORC Code explanation | Commentary | |||||||
| Exploration data • |
(but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and |
• | The qualitative analysis relies on_in situ_geological observations and correlation with local and regional previous results. |
||||||
| method of treatment; metallurgical test | |||||||||
| results; bulk density, groundwater, | |||||||||
| geotechnical and rock characteristics; | |||||||||
| potential deleterious or contaminating | |||||||||
| substances. | |||||||||
| Further | • | The nature and scale of planned further work | • | Drone survey, mapping and rock chip sampling program over | |||||
| work | • | (e.g., tests for lateral extensions or depth extensions or large-scale step-out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not |
• • |
the lithium targets. Remaining geochemistry sampling results from the Wodgina Project. Geochemistry sampling results from the Kangan, Skywell and Croydon Projects. |
|||||
| commercially sensitive. | • | Second-stage geochemistry sampling program at Mt York | |||||||
| Project. | |||||||||
| • | Additional heritage surveys at Kangan and Skywell Projects. | ||||||||
| • | Assay results from | the Mt York RC drilling. | |||||||
| • | Follow upAC drilling program at the Kangan Project. |
T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI
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Appendix 2 – Kairos Minerals – Kangan Project Air-core drill hole list.
| HOLE_ID | EAST | NORTH | RL | DIP | AZI | DEPTH | GRIDNAME |
|---|---|---|---|---|---|---|---|
| KNAC001 | 663002 | 7676807 | 106 | -60 | 270 | 33 | MGA94_50 |
| KNAC002 | 663200 | 7676802 | 104 | -60 | 270 | 42 | MGA94_50 |
| KNAC003 | 663402 | 7676802 | 115 | -60 | 270 | 57 | MGA94_50 |
| KNAC004 | 663602 | 7676801 | 111 | -60 | 270 | 39 | MGA94_50 |
| KNAC005 | 663805 | 7676804 | 109 | -60 | 270 | 23 | MGA94_50 |
| KNAC006 | 663900 | 7676800 | 110 | -60 | 270 | 27 | MGA94_50 |
| KNAC007 | 664001 | 7676801 | 109 | -60 | 270 | 33 | MGA94_50 |
| KNAC008 | 664102 | 7676803 | 108 | -60 | 270 | 36 | MGA94_50 |
| KNAC009 | 664200 | 7676802 | 112 | -60 | 270 | 38 | MGA94_50 |
| KNAC010 | 664402 | 7676792 | 100 | -60 | 270 | 81 | MGA94_50 |
| KNAC011 | 664599 | 7676804 | 121 | -60 | 270 | 60 | MGA94_50 |
| KNAC012 | 664800 | 7676805 | 123 | -60 | 270 | 30 | MGA94_50 |
| KNAC013 | 665001 | 7676805 | 120 | -60 | 270 | 39 | MGA94_50 |
| KNAC014 | 665200 | 7676796 | 111 | -60 | 270 | 29 | MGA94_50 |
| KNAC015 | 665403 | 7676797 | 107 | -60 | 270 | 36 | MGA94_50 |
| KNAC016 | 665602 | 7676804 | 105 | -60 | 270 | 68 | MGA94_50 |
| KNAC017 | 665809 | 7676798 | 100 | -60 | 270 | 55 | MGA94_50 |
| KNAC018 | 665997 | 7676802 | 129 | -60 | 270 | 32 | MGA94_50 |
| KNAC019 | 666204 | 7676807 | 100 | -60 | 270 | 34 | MGA94_50 |
| KNAC020 | 666402 | 7676805 | 104 | -60 | 270 | 37 | MGA94_50 |
| KNAC021 | 666605 | 7676803 | 110 | -60 | 270 | 35 | MGA94_50 |
| KNAC022 | 666799 | 7676803 | 110 | -60 | 270 | 48 | MGA94_50 |
| KNAC023 | 666600 | 7677003 | 114 | -60 | 90 | 52 | MGA94_50 |
| KNAC024 | 666399 | 7677003 | 110 | -60 | 90 | 54 | MGA94_50 |
| KNAC025 | 666203 | 7677009 | 133 | -60 | 90 | 48 | MGA94_50 |
| KNAC026 | 666002 | 7677001 | 106 | -60 | 90 | 35 | MGA94_50 |
| KNAC027 | 665799 | 7677003 | 103 | -60 | 90 | 36 | MGA94_50 |
| KNAC028 | 665600 | 7677002 | 103 | -60 | 90 | 55 | MGA94_50 |
| KNAC029 | 665401 | 7677002 | 107 | -60 | 90 | 31 | MGA94_50 |
| KNAC030 | 665191 | 7676998 | 110 | -60 | 90 | 25 | MGA94_50 |
| KNAC031 | 664999 | 7677006 | 113 | -60 | 90 | 47 | MGA94_50 |
| KNAC032 | 664802 | 7677004 | 115 | -60 | 90 | 37 | MGA94_50 |
| KNAC033 | 664598 | 7677003 | 110 | -60 | 90 | 41 | MGA94_50 |
| KNAC034 | 664398 | 7677001 | 106 | -60 | 90 | 70 | MGA94_50 |
| KNAC035 | 664196 | 7677001 | 103 | -60 | 90 | 60 | MGA94_50 |
| KNAC036 | 664094 | 7677002 | 106 | -60 | 90 | 40 | MGA94_50 |
| KNAC037 | 664000 | 7677001 | 108 | -60 | 90 | 23 | MGA94_50 |
| KNAC038 | 663900 | 7677004 | 100 | -60 | 90 | 24 | MGA94_50 |
| KNAC039 | 663803 | 7677004 | 104 | -60 | 90 | 21 | MGA94_50 |
| KNAC040 | 663596 | 7677002 | 108 | -60 | 90 | 21 | MGA94_50 |
| KNAC041 | 663397 | 7677002 | 103 | -60 | 90 | 44 | MGA94_50 |
| KNAC042 | 663199 | 7676997 | 104 | -60 | 90 | 53 | MGA94_50 |
T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI
==> picture [595 x 76] intentionally omitted <==
| KNAC043 | 663001 | 7676995 | 103 | -60 | 90 | 41 | MGA94_50 |
|---|---|---|---|---|---|---|---|
| KNAC044 | 662802 | 7677593 | 105 | -60 | 270 | 49 | MGA94_50 |
| KNAC045 | 663002 | 7677593 | 104 | -60 | 270 | 49 | MGA94_50 |
| KNAC046 | 663202 | 7677595 | 101 | -60 | 270 | 105 | MGA94_50 |
| KNAC047 | 663404 | 7677599 | 101 | -60 | 270 | 15 | MGA94_50 |
| KNAC048 | 663604 | 7677599 | 100 | -60 | 270 | 7 | MGA94_50 |
| KNAC049 | 663792 | 7677603 | 106 | -60 | 270 | 16 | MGA94_50 |
| KNAC050 | 663903 | 7677608 | 107 | -60 | 270 | 21 | MGA94_50 |
| KNAC051 | 664004 | 7677611 | 108 | -60 | 270 | 25 | MGA94_50 |
| KNAC052 | 664099 | 7677614 | 105 | -60 | 270 | 40 | MGA94_50 |
| KNAC053 | 664202 | 7677611 | 106 | -60 | 270 | 44 | MGA94_50 |
| KNAC054 | 664400 | 7677612 | 118 | -60 | 270 | 58 | MGA94_50 |
| KNAC055 | 664408 | 7678003 | 105 | -60 | 90 | 58 | MGA94_50 |
| KNAC056 | 664206 | 7678003 | 101 | -60 | 90 | 60 | MGA94_50 |
| KNAC057 | 664003 | 7678001 | 101 | -60 | 90 | 74 | MGA94_50 |
| KNAC058 | 663804 | 7677999 | 105 | -60 | 90 | 40 | MGA94_50 |
| KNAC059 | 663604 | 7677999 | 107 | -60 | 90 | 22 | MGA94_50 |
| KNAC060 | 663402 | 7677998 | 125 | -60 | 90 | 10 | MGA94_50 |
| KNAC061 | 663208 | 7677997 | 115 | -60 | 90 | 24 | MGA94_50 |
| KNAC062 | 663005 | 7677999 | 105 | -60 | 90 | 69 | MGA94_50 |
| KNAC063 | 662803 | 7677999 | 107 | -60 | 90 | 48 | MGA94_50 |
| KNAC064 | 662600 | 7678001 | 101 | -60 | 90 | 29 | MGA94_50 |
| KNAC065 | 662405 | 7677997 | 108 | -60 | 90 | 28 | MGA94_50 |
| KNAC066 | 662405 | 7678402 | 111 | -60 | 270 | 40 | MGA94_50 |
| KNAC067 | 662604 | 7678401 | 113 | -60 | 270 | 35 | MGA94_50 |
| KNAC068 | 662800 | 7678399 | 106 | -60 | 270 | 45 | MGA94_50 |
| KNAC069 | 663002 | 7678398 | 103 | -60 | 270 | 39 | MGA94_50 |
| KNAC070 | 663199 | 7678398 | 100 | -60 | 270 | 31 | MGA94_50 |
| KNAC071 | 663402 | 7678399 | 102 | -60 | 270 | 28 | MGA94_50 |
| KNAC072 | 663604 | 7678398 | 104 | -60 | 270 | 33 | MGA94_50 |
| KNAC073 | 663790 | 7678394 | 107 | -60 | 270 | 37 | MGA94_50 |
| KNAC074 | 664006 | 7678400 | 107 | -60 | 270 | 38 | MGA94_50 |
| KNAC075 | 664202 | 7678407 | 119 | -60 | 270 | 45 | MGA94_50 |
| KNAC076 | 664402 | 7678406 | 109 | -60 | 270 | 30 | MGA94_50 |
| KNAC077 | 662403 | 7677604 | 101 | -60 | 270 | 51 | MGA94_50 |
| KNAC078 | 662603 | 7677594 | 107 | -60 | 270 | 29 | MGA94_50 |
| KNAC079 | 664799 | 7676600 | 110 | -60 | 90 | 38 | MGA94_50 |
| KNAC080 | 664599 | 7676601 | 108 | -60 | 90 | 47 | MGA94_50 |
| KNAC081 | 664398 | 7676604 | 108 | -60 | 90 | 60 | MGA94_50 |
| KNAC082 | 664197 | 7676604 | 99 | -60 | 90 | 41 | MGA94_50 |
| KNAC083 | 663999 | 7676605 | 99 | -60 | 90 | 35 | MGA94_50 |
| KNAC084 | 663812 | 7676603 | 103 | -60 | 90 | 33 | MGA94_50 |
| KNAC085 | 663602 | 7676605 | 111 | -60 | 90 | 41 | MGA94_50 |
| KNAC086 | 663401 | 7676604 | 107 | -60 | 90 | 35 | MGA94_50 |
| KNAC087 | 663200 | 7676600 | -60 | 90 | 43 | MGA94_50 | |
| KNAC088 | 663005 | 7676599 | 107 | -60 | 90 | 37 | MGA94_50 |
T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI
==> picture [595 x 76] intentionally omitted <==
| KNAC089 | 662801 | 7676600 | 108 | -60 | 90 | 50 | MGA94_50 |
|---|---|---|---|---|---|---|---|
| KNAC090 | 662600 | 7676600 | 107 | -60 | 90 | 33 | MGA94_50 |
| KNAC091 | 662468 | 7676596 | 106 | -60 | 90 | 41 | MGA94_50 |
| KNAC092 | 663804 | 7676396 | 109 | -60 | 270 | 33 | MGA94_50 |
| KNAC093 | 663997 | 7676398 | 109 | -60 | 270 | 39 | MGA94_50 |
| KNAC094 | 664198 | 7676402 | 109 | -60 | 270 | 45 | MGA94_50 |
| KNAC095 | 664399 | 7676402 | 101 | -60 | 270 | 52 | MGA94_50 |
| KNAC096 | 664597 | 7676401 | 108 | -60 | 270 | 31 | MGA94_50 |
| KNAC097 | 664794 | 7676400 | 108 | -60 | 270 | 33 | MGA94_50 |
| KNAC098 | 665001 | 7676401 | 108 | -60 | 270 | 59 | MGA94_50 |
| KNAC099 | 665196 | 7676399 | 107 | -60 | 270 | 66 | MGA94_50 |
| KNAC100 | 665399 | 7676397 | 107 | -60 | 270 | 70 | MGA94_50 |
| KNAC101 | 665602 | 7676402 | 107 | -60 | 270 | 77 | MGA94_50 |
| KNAC102 | 665797 | 7676403 | 106 | -60 | 270 | 76 | MGA94_50 |
| KNAC103 | 665996 | 7676402 | 106 | -60 | 270 | 67 | MGA94_50 |
| KNAC104 | 666200 | 7676400 | 107 | -60 | 270 | 45 | MGA94_50 |
| KNAC105 | 666399 | 7676402 | 107 | -60 | 270 | 54 | MGA94_50 |
| KNAC106 | 666599 | 7676402 | 106 | -60 | 270 | 69 | MGA94_50 |
| KNAC107 | 666798 | 7676404 | 106 | -60 | 270 | 39 | MGA94_50 |
| KNAC108 | 667001 | 7676405 | 106 | -60 | 270 | 48 | MGA94_50 |
| KNAC109 | 667194 | 7676405 | 106 | -60 | 270 | 46 | MGA94_50 |
| KNAC110 | 667792 | 7675998 | 117 | -60 | 90 | 31 | MGA94_50 |
| KNAC111 | 667603 | 7675995 | 115 | -60 | 90 | 23 | MGA94_50 |
| KNAC112 | 667402 | 7675998 | 115 | -60 | 90 | 26 | MGA94_50 |
| KNAC113 | 667204 | 7676001 | 114 | -60 | 90 | 31 | MGA94_50 |
| KNAC114 | 667003 | 7675998 | 114 | -60 | 90 | 46 | MGA94_50 |
| KNAC115 | 666802 | 7675997 | 111 | -60 | 90 | 65 | MGA94_50 |
| KNAC116 | 666609 | 7675978 | 114 | -60 | 90 | 55 | MGA94_50 |
| KNAC117 | 666402 | 7675996 | 114 | -60 | 90 | 38 | MGA94_50 |
| KNAC118 | 666206 | 7675999 | 114 | -60 | 90 | 49 | MGA94_50 |
| KNAC119 | 666004 | 7676003 | 114 | -60 | 90 | 33 | MGA94_50 |
| KNAC120 | 665804 | 7676000 | 111 | -60 | 90 | 34 | MGA94_50 |
| KNAC121 | 665604 | 7676002 | 112 | -60 | 90 | 45 | MGA94_50 |
| KNAC122 | 665404 | 7676002 | 114 | -60 | 90 | 42 | MGA94_50 |
| KNAC123 | 666594 | 7675600 | 121 | -60 | 270 | 22 | MGA94_50 |
| KNAC124 | 666797 | 7675598 | 123 | -60 | 270 | 33 | MGA94_50 |
| KNAC125 | 667000 | 7675604 | 126 | -60 | 270 | 45 | MGA94_50 |
| KNAC126 | 667193 | 7675599 | 128 | -60 | 270 | 34 | MGA94_50 |
| KNAC127 | 667394 | 7675602 | 135 | -60 | 270 | 35 | MGA94_50 |
| KNAC128 | 667800 | 7674800 | 146 | -60 | 90 | 24 | MGA94_50 |
| KNAC129 | 667600 | 7674800 | 143 | -60 | 90 | 24 | MGA94_50 |
| KNAC130 | 667400 | 7674800 | 119 | -60 | 90 | 24 | MGA94_50 |
| KNAC131 | 667200 | 7674800 | 123 | -60 | 90 | 19 | MGA94_50 |
| KNAC132 | 667000 | 7674800 | 124 | -60 | 90 | 30 | MGA94_50 |
| KNAC133 | 663790 | 7677098 | 129 | -60 | 90 | 21 | MGA94_50 |
T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI