Kairos Secures $27M, Unveils New 'Monster' Gold Zone at Mt York

Landmark Mineral Rights Agreement Boosts Mt York

Kairos Minerals (ASX, KAI) has taken a significant step forward in its quest to develop one of Western Australia's largest undeveloped gold projects by finalising a landmark Mineral Rights Agreement (MRA) with Pilbara Minerals (PLS). This agreement grants Kairos exclusive rights to all minerals except lithium and tantalum across 367 kilometres of PLS exploration licences in the Mt York and Pilgangoora region. The deal follows a previous sale of non-core assets to PLS and sets the stage for Kairos to extend its gold resources along a mineralised zone historically known but previously inaccessible.

Drilling Expansion and the 'Monster' Discovery

Building on this strategic acquisition, Kairos has expanded its Stage 1 drilling program at Mt York from 20,000 metres to 30,000 metres, completing 72 holes for 18,615 metres to date. Early results have been promising, including a standout intercept of 53 metres at 1.45 grams per tonne gold from 212 metres depth in a newly identified area dubbed the 'Monster' zone. This discovery is interpreted as a large-scale structural fold likely to host significant gold mineralisation, with drilling confirming extensions both deeper and along strike. The ongoing program aims to validate a new structural model predicting horizontal extensions of gold mineralisation, potentially supporting both open pit and underground mining scenarios.

Roe Hills Project, New Targets and Upcoming Drilling

Meanwhile, Kairos is advancing exploration at its Roe Hills Gold Project in Western Australia's Goldfields region. A recent review highlighted two key prospects; Terra and Caliburn; where historic and recent drilling has identified substantial gold mineralisation over significant strike lengths. Terra, located near Vault Minerals’ French Kiss deposit, shows consistent mineralisation open in multiple directions, while Caliburn offers attractive widths and grades with further drilling needed to understand structural controls. Kairos plans a 3,000-metre reverse circulation drilling campaign in early 2026 to infill and extend these targets, leveraging a seasonal lull in Mt York activities.

Capital Raising and Financial Position

Supporting these operational advances, Kairos successfully completed a $27 million share placement in October, attracting strong demand from both domestic and international institutional investors. The placement was priced at a slight premium to recent trading averages, reflecting market confidence in Kairos’ projects and management. Proceeds will fund ongoing drilling, feasibility studies, and regional exploration at Mt York and Roe Hills, as well as corporate costs. At the end of September, the company held $5.4 million in cash, positioning it well to execute its near-term development plans.

Looking Ahead

Kairos is progressing heritage agreements with traditional owners and preparing for updated Mineral Resource Estimates that could further underpin the economic potential of Mt York. The company’s methodical approach to exploration and resource definition, combined with its strengthened financial base, sets a promising trajectory as it moves towards development milestones. Investors will be watching closely for upcoming drill results and regulatory progress that could unlock further value in this emerging gold project.