Lithium

Kairos confirms more lithium exploration opportunities

Tue 22 Feb 22, 3:27pm (AEST)
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Key Points

  • There are 8 potential lithium targets at Roe Hills in a desktop study for follow up
  • 2.7km long lithium and pathfinder elements anomaly found at the Roe Hills project
  • Findings at Lalla Rookh add to Kairos’s emerging lithium exploration opportunities

Diversified WA-based explorer, Kairos Minerals (ASX: KAI) today “confirmed” the presence of significant, large-scale lithium-caesium-tantalum (LCT) pegmatite targets within its 100%-owned Lalla Rookh project located 75 kilometres south of Port Hedland in WA’s East Pilbara region.

The Lalla Rookh Project comprises one granted Exploration Licence (E45/4741) and four applications (ELAs 45/5486, 45/6018, 45/5960), covering a total area of 342skm.

Executive Chairman Terry Topping noted that the strategic location of the Lalla Rookh tenements - 25 kilometres away from Pilbara Minerals’ (ASX: PLS) world-class Pilgangoora Lithium Mining Centre - one of the largest lithium deposits in the world -  added further momentum to the review of the lithium potential of this area.

“We have planned an extensive heliborne mapping and sampling program that will commence next month to fast-track our evaluation of these extensive targets,” he said.

“Subject to the results, we will move quickly to refine areas for potential drilling as part of our 2022 exploration field season.” 

Management notes that today announced findings at Lalla Rookh add to the company’s emerging lithium exploration opportunities in the Pilbara.

Roe Hill

Last week the company notified the market it had found an extensive 2.7km long lithium and pathfinder elements anomaly at its Roe Hills project in WA.

The significance of this extending north-east trending anomaly, explained Topping, has been further enhanced by the discovery of the Manna lithium prospect, located 10km to the north, by Breaker Resources (ASX: BRB).

“Breaker has recently transacted on this exciting emerging discovery in a deal with Global Lithium Resources (ASX: GL1), which has acquired an 80% interest in the tenements,” noted Topping.

The company has embarked on a detailed mapping and rock chip sampling program, with air-core and potentially follow-up RC drilling planned as the number one priority.

There are also eight potential lithium targets at Roe Hills in a desktop study which Kairos intends to follow up.

Next Steps for Kairos

  • Field exploration at Roe Hills Project

  • Soil geochemistry sampling results from Mt York, Kangan, Skywell and Croydon Projects

  • Additional heritage surveys at Kangan and Skywell Projects

  • Assay results from the Mt York RC drilling

  • Assay results from the Kangan AC in-fill drilling

  • Field exploration of regional LCT pegmatite targets

Two hours out from the close, Kairos was down -8%.

 

Written By

Mark Story

Editor

Mark is an investigative financial journalist and editor who started his career working for Marathon Oil in London. He has a degree in politics/economics and a diploma in journalism. Mark has worked on 70-plus newspapers and financial publications across Australia, NZ, the US, and Asia including: The Australian Financial Review, Money Magazine, Australian Property Investor and Finance Asia. Mark is passionate about improving the financial literacy of all Australians through the highest quality content. Email Mark at [email protected].

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