KAI (ASX) Conference presentation must be price sensitive

Originally posted by STRUTH ↑

This wasnt a tree shake.........more like a forest shake. Lots of other companies down at the same time.

ARV hit 55c or so , and now about 40c,

same with DEG.

EYM is up 21% but very difficult in my opinion to find any MRB on their tenements .

From the announcement.

Most amazing is the MESA with up to 30M thick conglom on one side.

The 7 to 8 M conglom was observed in a creek exposure so it is at least 7 to 8M and probably more.

“This is the same stratigraphic position as the Purdy’s Reward discovery and is considered to be the preferred target horizon for conglomerate-hosted gold in the Pilbara.

What is even more exciting is that these shallow-dipping units are beneath the Mt Roe Basalt in a number of areas, opening up vast additional areas for exploration.

Overall, this has significantly increased the prospective footprint for conglomerate-hosted gold in the Pilbara.”

.....pleased to advise that it has identified a significant exposure of previously un-mapped conglomerates at the base of the Mount Roe Basalt.

Four discrete conglomerate targets were identified over a strike length of ~10km. At Target 1, the conglomerate package has been mapped continuously over a strike length of ~2km.

Within this target area a 10kg stream sediment sample (-2mm) was panned which returned 28 pieces of gold

Target 1
The Satirist 1:100,000 published geological map (GSWA) highlights a triangular fault bounded wedge of Mount Roe Basalt at this locality.

The recent field work has identified a previously unrecognized extensive conglomerate exposure trending north-northeast and measuring approximately 2km in length and up to 250m in width (refer to Plate 2.)

The thickness of this conglomerate package is uncertain although in a creek exposure it appears to be at least 7-8 metres thick.

The conglomerate is composed of reworked gravel to boulder size granitic and mafic clasts in a siliceous and mafic matrix.

This significant exposure appears to represent the dip surface of a conglomerate package.

Several small outliers of Mount Roe Basalt are preserved and rest on top of the conglomerates units in places, although some local fault structures are present.

Target 2
At this locality, the conglomerate unit is exposed immediately below a mesa approximately 300 metres long and 150 metres wide.

On the western side of the mesa, the outcropping conglomerate is approximately 5 metres thick, rests on granitic basement and overlain by the Mount Roe Basalt.

On the eastern side (Plate 4-5), the conglomerate package is approximately 30 metres thick and is exposed immediately beneath the Mount Roe Basalt and extends down to the valley floor with granitic basement in the vicinity.

The variation in the thickness of the conglomerate package from east to west is most likely attributed to basement faulting.

The conglomerate is comprised predominately of mafic cobbles (+/- granite/quartz) in a siliceous/mafic matrix.

Target 3
Located approximately 1.5km north-northwest of Target 2, a conglomerate dip surface is exposed in subtle topographic highs and in creeks.

Conglomerate was observed over a strike length of at least 1.5km and down-dip for a minimum of 200 metres before being obscured by colluvium.

The thickness of the conglomerate package is unclear but is several metres thick.

The conglomerate comprises cobble to boulder granite, quartz and volcanic clasts in a coarse sandy matrix.

The clasts are predominantly well rounded with moderate to high sphericity.

Several stream sediments and rock chips samples were collected for geochemical analysis (laboratory assays are pending) as well as stream sediment samples for panning.

Target 4
The exposure at this locality is subtle and dominated by deflated conglomerate material.

This deflated conglomerate material comprises sub-rounded cobbles and boulders of chert and quartz and may be up to 1m thick.

Adjacent to and along strike of this deflated conglomerate material is sandstone and pebbly sandstone.

The entire package is overlain by the Mount Roe Basalt and underlain by granitic lithologies. This entire sedimentary package has been mapped over strike length of approximately 1.7km.

A stream sediment sample was collected for geochemical analysis (laboratory assays are pending) as well as a stream sediment sample for panning.

Target 5
The conglomerates at this location are found within the Hardey Formation which is equivalent in age to the gold-bearing Beaton Creek conglomerates held by Novo Corporation in the Nullagine district, East Pilbara.

The exposure has a true thickness of approximately 20 metres and was observed for approximately 200 metres along strike.

The conglomerate was not traced in detail either side of this exposure although conglomerate material was observed along strike from the helicopter.

The conglomerate comprises well rounded cobbles and boulders of chert and quartz in a sandy matrix.

Target 6
Situated ~20km north east of Target 1 (refer Figure 1), Target 6 defines a thick sedimentary package comprising predominately sandstone to pebbly sandstone.

The occurrence was identified stratigraphically below the Mount Roe Basalt during helicopter reconnaissance (refer Plate 9) of the northern portion of the tenement package.

Although conglomerate units have not yet been identified at this location, the full thickness of the sequence remains unknown as the basal portion appears obscured by basalt scree.

Target 7
Located ~2km north of Target 6 (refer Figure 1), Target 7 represents fault repeated blocks of Mount Roe Basalt with mapped underlying sediments (refer to GSWA 1:100,000 Satirist Geology Sheet) and is currently being reviewed.

Expand

As discussed during AGM the conglomerate is very thick more like 30 metres so more gold across 22km

No.	Vol.	Price($)
10	7472178	1.1¢

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7472178

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Price($)	Vol.	No.
1.2¢	3741200	13

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3741200

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10	7472178	0.011
23	6609899	0.010
13	2649583	0.009
9	2950000	0.008
7	3930317	0.007

No.

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7472178

0.011

6609899

0.010

2649583

0.009

2950000

0.008

3930317

0.007

Price($)	Vol.	No.
0.012	3741200	13
0.013	5406364	15
0.014	1781000	5
0.015	1922741	5
0.016	2755112	7

Price($)

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No.

0.012

3741200

0.013

5406364

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1781000

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1922741

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2755112

(20min delay)
Last 1.2¢		Change 0.001(9.09%)		Mkt cap ! $31.45M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.1¢	$3.273K	289.3K


Last 1.1¢		Change 0.001 ( 0.00 %)
Open	High	Low	Volume
1.1¢	1.2¢	1.1¢	166666
Last updated 13.02pm 29/05/2024 ?

Conference presentation must be price sensitive, page-16

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