18th April 2016
KAIROS EXPANDS WA LITHIUM FOOTPRINT WITH APPLICATIONS FOR EIGHT KEY TENEMENTS
IN WA’S PREMIER LITHIUM DISTRICT
Plus strong news pending with ground-based exploration underway immediately adjacent to Pilbara’s world-class Pilgangoora deposit
KEY POINTS
Kairos expands its Pilbara lithium portfolio with applications lodged for 8 new Exploration Licences totalling ~700km2 following an extensive regional targeting exercise by the Company’s Technical Team
This targeting exercise, led by Technical Manager Steve Vallance, expands the Company’s strategic footprint within the preferred East Pilbara Granite Greenstone terrane (EPGG) – the main target corridor for pegmatites in the Pilbara region
New applications are all strategically located proximal to confirmed fertile parental granite plutons with proven rare element Lithium-Cesium-Tantalum (LCT) pegmatite occurrences
New tenement areas lies within a 60km radius of the world-class Pilgangoora Lithium-Tantalum Project, currently being developed by Pilbara Minerals (ASX: PLS)
Complements the Company’s existing Pilbara Lithium-Gold Project (located immediately adjacent to Pilgangoora) and the recently acquired Wodgina East Lithium Project
Excellent access to established road, rail and port facilities
Abundant fresh water supplies secured in historic open pits
Ground-based fieldwork commencing shortly with mapping and rock chip sampling of high-priority targets within the Pilbara Lithium-Gold Project area
Kairos Minerals (ASX: KAI) (previously Mining Projects Group, ASX: MPJ) is pleased to advise that it is set to further strengthen its strategic position in the world-class East Pilbara lithium province of WA with applications lodged for eight highly prospective tenements.
Figure 1: Kairos Minerals expanded Pilbara Projects location
The exploration applications were lodged following a successful regional targeting exercise by the Company’s technical team.
The new tenements, which cover ~700sqkm, will give Kairos access to advanced exploration opportunities within what the Company recognises as the preferred geologic corridor of the East Pilbara Granite Greenstone terrane (EPGG).
The corridor is defined to the east and west by NNE trending craton-scale tectono-stratigraphic domain boundary structures. Major parallel faults, including the Wodgina-Strelley Lineament, control the distribution of many of the largest known rare element pegmatite-hosted deposits in the area, eg Strelley, Tabba Tabba, Wodgina, Mt. Cassiterite, Mt. Francisco and Pilgangoora (see Figure 1).
Importantly the new tenements secure positions on or adjacent to these major structures and proximal to confirmed fertile parental granite plutons with proven rare element LCT pegmatite occurrences
The new additions to Kairos Minerals’ Pilbara lithium portfolio complement its flagship Pilbara Lithium-Gold Project, acquired earlier this year, which lies immediately to the east and south of the world-class Pilgangoora Lithium-Tantalum Project currently being developed by Pilbara Minerals (ASX: PLS).
The recently acquired Wodgina East Project lies further to the south-west within the main Pegmatite Target Corridor and immediately adjacent to Global Advanced Metals’ Wodgina Tantalum Mine (one of the worlds largest tantalum resources).
The Company’s field team is currently mobilising to site to commence evaluation of high priority targets defined from the compilation of historical geological and geochemical data, regional open file multi-client geophysics and the Company’s own ultra-detailed airborne aeromagnetic – radiometric data recently acquired over the Pilbara Lithium-Gold Project.
Initial planned activities include surface mapping and rock chip sampling to firm up targets for drilling, initially at the Pilbara Project before moving onto Wodgina East and some of the newly acquired tenure.
Kairos’ Minerals Managing Director, Mr Joshua Wellisch, said the commencement of ground-based exploration activities at the Pilbara Lithium-Gold Project marked the beginning of an exciting new phase of activity for the Company. The name Kairos comes from the ancient Greek meaning for opportune or supreme moment – "we’re seizing the opportunity and making things happen" said Mr Wellisch.
"Following Thursday’s shareholder meeting which ratified share issues associated with our recent capital raising and lithium acquisitions, as well as the capital consolidation, Kairos is now well placed to deliver growth," he said.
"Over the past two months, we have been able to assemble an enviable portfolio of prospective lithium projects in the heart of one of the world’s most significant emerging mining centres for lithium and tantalum, in close proximity to several existing and emerging strategic metals operations.
"Now, with exploration programs commencing on the ground shareholders can look forward to a period of strong pending news-flow as we test some of the priority targets identified at the Pilbara Project and begin the evaluation of some of our newly acquired ground.
"Our exploration effort in the emerging Pilbara Lithium Province is underpinned by a rigorous technical approach and strong technical capability, led by our exploration manager Steve Vallance, and we are confident that this excellent work will bear fruit in the months ahead."
ENDS
For further information please contact:
Investors: Media:
Mr Joshua Wellisch Nicholas Read/Paul Armstrong
Managing Director Read Corporate
Kairos Minerals Limited Ph: 08 9388 1474
For online Information visit:
www.miningprojectsgroup.com.au
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Reference Source Reference Number
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Source Document
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Blockley, J.G., 1970 & 1980
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Sweetapple, M.T. & Collins L.F., 2002
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