Kairos Minerals (ASX:KAI)Ever since emerging WA lithium producer...

Kairos Minerals (ASX:KAI)

Ever since emerging WA lithium producer Global Lithium (ASX:GLI) acquired a 10.5% stake in Kairos via ~$4m placement back in June, KAI has been snaking down to a share price position that sees it roughly -14% YTD.

That said, it’s shot up near 30% over the past 24 hours at the time of writing, and it has some news.

Based on assay results, it’s made a high-grade rare earths discovery at the Roe Hills project in the Eastern Goldfields region of WA, not far from Kalgoorlie.

It’s talking thick zones of high-grade, clay-hosted rare earth elements (REE) with assays up to 2.31% TREO – over a large area at the project’s Black Cat prospect.

The results include a standout intersection of 28m at 3854ppm TREO from 32m which includes 4m at 2.31% TREO (23,182ppm) in drillhole RHRC253.

Additionally, more than 90% of holes tested for REEs have returned significant intersections of REE (>500ppm TREO).

The company notes the mineralisation contains “exceptionally high proportions of the high-value neodymium + praseodymium (23% of TREO) and Magnet REO (28% of TREO) elements”.

Kairos believes Black Cat to be a significant clay-hosted REE discovery with scale and potential.

Source: Kairos Minerals

Is that all, then? Actually, here’s something else to keep an eye on:

Additional lithium-bearing pegmatites with highly promising LCT-fertility indicators have reportedly been intersected in an existing pegmatite swarm at the Crystal Palace prospect to the north of Black Cat (see above).

https://unauthorised investment advice/resources/resources-top-5-novo-and-sqm-team-up-for-lithium-n-nickel-mtm-bursts-up-120pc/