Big bet on lithium power, page-3

The newly named Kairos Minerals (KAI) is one of them.
Formerly known as the Mining Projects Group with a nickel focus, Kairos first got ready for the push into the lithium space by undergoing a share consolidation and a corporate makeover in which veteran mining executive Ian Finch became chairman.

Nickel is still part of the Kairos story, but a January deal saw it snare some prime pieces of lithium real estate in the Pilgangoora area, and the broader East Pilbara region. Its Pilbara lithium project area comes with a gold leg courtesy of the old Lynas Find, and adjoins Pilbara Minerals’ and Altura Mining’s (AIM) Pilgangoora deposits.

Initial field work program commenced recently comprising reconnaissance field evaluation, mapping/rock chip sampling, airborne geophysics and interrogation of the project’s extensive drilling database.
Targets aplenty were identified and given their address, demand a follow up drilling program. When it gets going, probably around midyear, it will be closely watched.

Kairos also recently acquired Wodgina East Project located adjacent to Global Advanced Metals’ Wodgina tantalum operation, some 17km south of Pilbara Minerals’ Pilgangoora project.

The project area contains extensive pegmatite (a source of spodumene) swarms previously mapped by iron ore producer Atlas Iron and from which rock sampling returned good grades.

Kairos has a relatively modest market capitalisation compared with some of its lithium peers and will be one to watch as it gets busy with drilling campaigns.