Kairos Minerals Limited provided High-grade lithium assays confirm significance of spodumene-bearing pegmatite. Results of up to 1.91% Li2O just 4km from Pilbara Minerals' Pilgangoora lithium-tantalum mine; Drilling being planned for September. Highlights: Five pegmatite samples from the Lucky Sump prospect at Mt York have returned exceptional assays including: 1.91% Li2O & 103 ppm Ta (MYR393); 1.56% Li2O & 115 ppm Ta (MYR401); and 0.58% Li2O & 167 ppm Ta (MYR396).

The spodumene-bearing pegmatite samples were discovered during routine earthmoving activities next to the flagship Mt York gold deposit. The spodumene pegmatites are part of a larger interpreted dyke swarm at Mt York. Planning underway to RC drill-test large area of Lucky Sump.

The samples were crushed and pulverised and a 200g subsample selected for Na-peroxide fusion with hydrochloric acid digestion. This method was selected as it is considered to be a complete dissolution of all resistate minerals they may contain the selected elements of interest. The analysis of the samples was conducted using inductively couple plasma mass spectrometry (ICP-MS) with the elements Li, Rb, Cs, Be, Mn, Fe, Ti and Ta selected.

The results from NAGROM are outstanding and are considered high-grade for lithium-bearing pegmatite samples. The results of both the chemical analysis and the hyperspectral work indicating spodumene in the samples has provided the company with the necessary confidence to plan an immediate drill campaign, focussing on drilling the whole `Lucky Sump' Prospect. Initially, 2,000m of drilling is planned to commence in September with a tender process already underway.

The interpreted pegmatite swarm does not crop-out at surface and drilling is required to determine the pegmatite locations and extents. Kairos will update the market on any developments with respect to this exciting new project. Next Steps: Additional pegmatite sample collection at Lucky Sump and pegmatite mapping; Camp establishment at Mt York ahead of major drilling campaign for both gold and now lithium; Drill contract negotiations for 2,000m RC/DDH (lithium); Drill contract negotiations for 20,000m RC and DDH at Mt York H2, 2022 (gold); Contract negotiations with consultants for mining engineering studies, geo-metallurgical testwork, geotechnical studies, environmental and hydrological studies (gold).