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  • Kairos Minerals (KAI) discovers spodumene pegmatite samples during earthmoving activities next to the Mt York Gold deposit in the Pilbara, Western Australia
  • Five pegmatite samples from the Lucky Sump prospect analysed were found to contain spodumene in association with beryl, garnet and micas
  • Managing Director Dr Peter Turner says the spodumene discovery is highly significant for the company
  • Kairos is looking to establish a camp at Mt York ahead of a major drilling campaign for gold and now lithium
  • Shares in Kairos Minerals are up 9.09 per cent, trading at 2.4 cents as of 1:44 pm AEST

Kairos Minerals (KAI) has discovered spodumene-bearing pegmatite samples during earthmoving activities next to the flagship Mt York Gold deposit in the Pilbara, WA.

The pegmatites found were part of a larger interpreted dyke swarm at the Lucky Sump prospect with five pegmatite samples found to contain spodumene in association with beryl, garnet and micas.

Managing Director Dr Peter Turner said the spodumene discovery is highly significant for Kairos.

“Spodumene pegmatites are rare in Australia and this discovery indicates we are in a fertile lithium-caesium-tantalum (LCT) district with potentially significant upside,” he said.

“Whilst we wait for the chemical analysis from the laboratory for these samples, drilling activities at the Lucky Sump lithium discovery will be prioritised as part of the large programme planned for the Mt York Gold Project.”

The Kairos technical team are said to be confident in their view that these samples are derived from pegmatites that underlie the sump.

Currently, the team are planning drill-testing of this sump and other targets once detailed geological mapping has been completed by a geological consultant.

Further, the company is in contract negotiations with consultants for mining engineering studies, geo-metallurgical testwork among geotechnical studies.

Kairos is looking to establish a camp at Mt York ahead of a major drilling campaign for gold and now lithium.

Shares in Kairos Minerals were up 9.09 per cent, trading at 2.4 cents as of 1:44 pm AEST.

KAI by the numbers
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