I wouldn't get your hopes up for a quick turn around for...

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Jimmy1977

107 Posts.

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19/12/21

09:24

Post #: 58392222
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Originally posted by antonist: ↑

KAI has 2 very prospective lithium projects. Most holders are aware of the Wodgina project but not much has been discussed about their other lithium prospect at their Kangan project. Here is a slide from their recent announcement in November which highlights the pegmatite visual discoveries on this lease.

The drilling campaign at Kagan was primarily focused on gold.
However, 5 of the 133 drill holes returned elevated lithium results. Here are the highlights:
The drilling intersected various intrusive lithologies, including mafic intrusions and asignificant amount of pegmatites, with five holes returning anomalous lithium results.
The best lithium result was returned from hole KNAC097, 1m @ 275ppm Li from 32m .
Three high-priority lithium-caesium-tantalum (LCT) targets defined from the Ultrafine+ soilsampling program, with heritage approvals in progress to clear these areas for drilling.
Significant areas of pegmatites identified by field mapping within the Kangan Project.
3,000m follow up air-core drilling program set to commence later in November.

I guess we should see these results sometime in late January. I am very excited about KAI's lithium prospects as they have some of the best land holding in the lithium belt.

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I wouldn't get your hopes up for a quick turn around for drilling results. The last two campaigns Fuergo was 16 weeks and Kangan was around 20 weeks. This was from when they announced drilling was completed to putting out the report. With Kairos when they say the results will be out in 8 to 10 weeks double the number and you get a more acurate time frame. I was thinking March at he earliest possibly April. It is frustrating for all holders but the labs are swamped and are understaffed at the moment.

KAI Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
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