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Source: Kairos Minerals
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  • Kairos Minerals (KAI) identifies an extensive swarm of pegmatites within the previously identified lithium caesium tantalum (LCT) target at its Wodgina project
  • Soil sampling has reportedly returned peak assays for lithium up to 238 parts per million (ppm), caesium up to 293ppm and rubidium up to 582ppm
  • A total of 15 pegmatite rock chip samples were collected and a high-resolution drone survey completed over the area
  • The company says assay results are expected in late-January or early-February from laboratory testing in Perth
  • KAI shares have been up 4 per cent trading at 2.6 cents

Kairos Minerals (KAI) has identified an extensive swarm of pegmatites within the previously identified lithium caesium tantalum (LCT) target at its Wodinga project.

The company says it mapped two prominent pegmatite outcrops near the western end of the LCT anomaly.

Soil sampling reportedly returned peak assays for lithium up to 238 parts per million (ppm), caesium up to 293 ppm and rubidium up to 582 ppm.

Near the eastern end of the anomaly, the company said a historical rock chip sample returned an assay result of 1.6 per cent lithium oxide.

A high-resolution drone survey has confirmed the presence of pegmatites and validated the soil geochemistry as an in-situ anomaly.

Additionally a total of 15 pegmatite samples were reportedlyt collected over the LCT soil anomaly area and submitted for analysis, with assay results expected early next year.

Kairos’ Executive Chairman Terry Topping said the company was eagerly awaiting the assay results.

“Subject to those results, we will be seeking to progress the heritage approvals process and obtain clearances for drilling as soon as we can in the New Year,” he said.

Shares were up 4 per cent trading at 2.6 cents at 11:41 am AEDT

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