https://www.engineeringnews.co.za

Kairos raises cash for lithium and gold hunt

20th January 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Junior Kairos Minerals has raised A$7.1-million through the exercise of options to fund gold and lithium exploration in Western Australia.

The company on Thursday announced that it had exercised more than 285.2-million options, at a price of 2.5c each.

“The success of the option exercise and underwriting leaves Kairos with a very healthy cash position to pursue our exploration objectives over the year ahead. Building on the high-quality work completed last year, we are ready to hit the ground running in 2022 to test a range of high-priority gold and lithium targets and strive for the breakthrough discovery we are all working towards,” said executive chairperson Terry Topping.

“With the recent exciting discovery of extensive lithium pegmatite targets and the Steamboat gold prospect outside of the current 873 500 oz mineral resource inventory at Mt York and the ramp-up of exploration for gold and lithium targets across our prospective Pilbara tenement package, we are gearing up for another very active exploration season.”

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Monitor Distributors
Monitor Distributors

We at Hawk High Pressure Pumps specialise in industrial pumps and pumping systems. Our high pressure washing equipment is locally manufactured and...

VISIT SHOWROOM 
The Steel Tube Export Association of South Africa
Steel Tube Export Association of South Africa

The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.049 1.025s - 140pq - 2rq
Subscribe Now