Resource Growth Hinges on Pending Agreements and Further Drilling at Mt York

Strong Early Results at Mt York

Kairos Minerals Ltd (ASX – KAI) has delivered promising early results from its ongoing resource expansion drilling at the Mt York Gold Project in Western Australia's Pilbara region. With 36 holes completed ahead of schedule and on budget, the company has reported wide gold intercepts that reinforce the potential scale and quality of the deposit.

The Stage 1 program, targeting an 18,000-metre drilling campaign, has so far returned significant intercepts including 21 metres grading 1.87 grams per tonne gold and 48 metres at 1.03 grams per tonne, with higher-grade zones embedded within these intervals. These results come from multiple prospects along the 3-kilometre Main Trend, notably Gossan Hill, Breccia Hill, and Main Hill.

Extending High-Grade Mineralisation

Importantly, the drilling has confirmed and extended the continuity of higher-grade shoots within the mineralised system. The intercepts demonstrate that these shoots are not only horizontally extensive but also plunge over 300 metres along strike, suggesting a robust structural control on gold distribution. This structural insight is expected to enhance the upcoming mineral resource estimate (MRE) update planned for the second half of 2025.

The addition of a third diamond drill rig, capable of low-angle drilling, has accelerated progress, particularly at the Main Hill Prospect. This area was previously under-drilled due to challenging topography but now shows promising sulphide-bearing banded iron formation (BIF) associated with free-milling gold mineralisation. Historic results at Main Hill, including a 109-metre intercept at 2.09 grams per tonne, underscore its potential.

Looking Ahead – Resource Growth and Development

With over half of the Stage 1 drilling complete, Kairos is poised to significantly grow the current 1.4 million ounce resource base. Managing Director Dr Peter Turner highlighted the company’s confidence that Mt York could become one of the Pilbara’s largest undeveloped gold resources, supported by clean metallurgy and favourable mining conditions.

Further drilling is planned to test extensions of high-grade mineralisation, alongside metallurgical and geotechnical studies. Concurrently, Kairos is advancing negotiations for mining agreements with the Nyamal Aboriginal Corporation and finalising mineral rights access to adjacent tenements, which could unlock additional resource upside.

Environmental baseline studies and pre-feasibility work are also underway, setting the stage for a comprehensive development plan. The company’s methodical approach aims to refine resource confidence and optimise project economics ahead of potential production decisions.