ASX ANNOUNCEMENT 12 July 2022 Spodumene-bearing pegmatite samples discovered at Mt York Gold Deposit, Pilbara WA Less than 4 km from Pilbara Minerals’ Pilgangoora Lithium-Tantalum Mine Highlights • Spodumene Pegmatite samples have been discovered during routine earthmoving activities next to the flagship Mt York Gold Deposit • Spodumene (lithium pyroxene) is a highly sought after critical raw material used in the manufacture of rechargeable Electric Vehicle (EV) batteries • Five pegmatite samples from ‘Lucky Sump’ analysed at Corescan Pty Ltd in WA found to contain spodumene in association with beryl, garnet and micas • Spodumene pegmatites are part of a larger interpreted dyke swarm at Mt York • Samples will be sent for multi-element analysis to determine their lithium grade Kairos Managing Director, Dr Peter Turner said “The discovery of spodumene pegmatites on our tenements in a World-class spodumene pegmatite district is highly significant for Kairos. “It appears that these samples may be part of a larger pegmatite dyke swarm that is largely under cover. “Spodumene pegmatites are rare in Australia and this discovery indicates we are in a fertile lithium-caesium-tantalum (LCT) district with potentially significant upside. “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”
KAI Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
