23 Nov

Mount York Exploration Update

T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI ASX ANNOUNCEMENT 2 3 Nov ember 2 0 2 1 Further high - grade gold zone s intersected at Mt York Latest assay result s define a t hick zone of shallow gold mineralisation at the eastern end of the historical B reccia Hill pit highlighting significant growth potential at Mt York Highlights • Further significant assay results received from Reverse Circulation (RC) drilling at the 873,500oz Mt York Gold Project in the Pilbara Region of WA. • Latest results have identified new high - grade lodes and thick shallow gold mineralisation in areas with m inimal drilling. Best new intercepts include: • 20 m @ 1.58 g/t Au from 28 m in KMYC1 41 , including : o 4 m @ 4.42 g/t Au from 44 m . • 12m @ 1.73g/t Au from 132m in KMYC142, including: o 4m @ 2.89g/t Au from 136 m . • 4m @ 3.38g/t A u from 68m in KMYC140 . • 4m @ 2.51g/t Au from 96m in KMYC139. • T hick zone of shallow mineralisation intersected at the eastern end of the Breccia Hill pit, with assays of up to 4.42g/t Au. • A ssay result s pending for 2 8 drill holes , with several single - metre samples already in the lab oratory a waiting analysis. • Mining studies advancing and diamond drilling program planned for early next year. • RC drilling program now completed for the year at the 873,500oz Mt York Gold Project with a total of 95 holes drilled for 14,988m. Kairos ' Executive Chairman, Terry Topping, said: " I would firstly like to congratulate our team on the successful completion of our 2021 drilling program at Mt York ahead of the onset of the northern wet season. We have been able to drill 95 holes for a total of just under 15,000m – a fantastic result which is testament to the dedication and hard work of our exploration field team. To all of them and the drillers who have supported us this year, a big thank - you. " These latest results have built on our announcement of September, where we reported some exceptional results from ‘The Gap’ zone between the Main Hill and Breccia Hill pits. The latest results include a thick zone of shallow gold mineralisation at the eastern end of the Breccia Hill pit and some deeper extens ions of previously intersected mineralisation, that we were able to target using a specialised track - mounted rig. “We still have assay results pending for 2 8 holes, which should come through over the coming weeks and into early 2022. In addition, we are about to commence the previously announced follow - up in - fill drill air - core program at the Kangan Project. This will follow up the encouraging shallow gold results we reported recently and test some of the recently identified pegmatite targets, which have the potential for lithium mineralisation. With these and other programs in full swing, we expect to maintain a strong level of news - flow through into the New Year.” T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI Figure 1: Schematic Cross - Section showing some of the latest assay results – Mt York deposit . Kairos Minerals Ltd (ASX: KAI; " Kairos " or " the Company " ) is pleased to report further highly encouraging assay results from Reverse Circulation (RC) drilling at its 100% - owned Pilbara Gold Project in WA with the latest assay results continuing to demonstrate the substantial upside and growth potential at the 873,500oz Mt York Deposit. The Company has now completed its major RC drill program at Mt York for the 2021 field season with a total of 95 drill - holes completed for 14,988 m. A track - mounted rig returned to the project in late October to follow up on results received from previously drilled holes. Th is speciali s ed equipment was required to access complex locations , and eight drill holes were drilled to depths of up to 310m to test deeper extensions of the mineralisation down - dip. The program has so far been successful in identifying new high - grade lodes and thick , shallow gold mineralisation in areas with minimal drilling. Further strong assay results have recently been returned, including: • 20m @ 1.58g/t Au from 28m in KMYC141, including: o 4m @ 4.42g/t Au from 44m . • 12m @ 1.73g/t Au from 132m in KMYC142, including : o 4m @ 2.89g/t Au from 136 m . • 4m @ 3.38g/t A u from 68m in KMYC140 . • 4m @ 2.51g/t Au from 96m in KMYC139. T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI Drill hole KMYC141 returned exceptional gold results close to surface at the eastern end of the historical Breccia Hill open pit ( see Figure 1 for a cross - section and Figure 2 for a plan view ) . This result increase s the Company’s confidence in the potential of the Project to deliver high - grade ore during the first years of mining. Assay results are pending for 2 8 drill holes. A breakdown of the drilling completed during the year is provided in Table 1 below: Table 1: RC drill - holes completed at Mt York Project. All of the a ssay results received to date are from four - metre composite sample s . T he single - metre samples are being collected , according to the results received from the composite samples, and submitted to Intertek Laboratories in Perth for gold and multi - element analysis . The list of drill holes and significant intercepts is located at the end of this announcement in Table 2. Figure 2: Plan view of the area showing the drill holes with the latest assay results . Prospect Drill Holes Total Meters Pending Assays (Holes) Old Faithful 16 2403 0 Green Creek 5 400 0 Iron Stirrup North 6 752 3 Iron Stirrup 7 1337 0 Zakanaka 10 1293 0 Mt York 49 8555 23 Batavia 2 248 2 Total 95 14988 28 T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI Next Steps • Further a ssay results from the Mount York RC drilling . • Commencement of AC drilling program at the Kangan Project. • Mining studies for the Mt York Project. • Geochemistry sampling results from Mt York, Wodgina , Kangan and Skywell P rojects . • Additional h eritage survey s at the Kangan and Skywell P rojects . Figure 3 : Pilbara Gold Project, WA. With the authority of the Board . T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI About Kairos Minerals Kairos Minerals (ASX: KAI) is a diversified West Australian - based exploration company which is focused on the exploration and development of two key project hubs located in WA ' s premier mining districts. The Company ' s 100% - owned Pilbara Gold - Project has its central " hub " located ~100km south of Port Hedland in the world - class Pilgangoora district immediately adjacent to the major lithium - tantalum projects owned by Pilbara Mineral s, which is currently in production. Since acquiring the project in early 2016, Kairos has established a JORC Indicated 8.56Mt at 1.3 g/t for 366,000oz and Inferred 12.36Mt at 1.28 g/t for 507,000oz for a Total Mineral Resource of 20.93Mt @ 1.3g/t Au for 873, 5 00oz (ASX announcement, 4 March 2020). The Project encompasses the historical Lynas Find gold project, which produced over 125,000oz of gold between 1994 and 1998. Kairos ' s 100% - owned Roe Hills Project, located 120km east of Kalgoorlie in WA ' s Ea stern Goldfields, comprises an extensive tenement portfolio where the Company ' s recent exploration work has confirmed the potential for significant discoveries of high - grade gold, nickel and cobalt mineralisation. Kairos ' tenure adjoins the emerging Lake R oe gold discovery, owned by Breaker Resources (ASX: BRB). In the Pilbara, Kairos also holds 2,026 square kilometres of tenure (granted and applications) which is highly prospective for gold discoveries. Kairos has been well recognised for its industry l eading technical team that includes its Chairman Terry Topping (Taipan Resources NL, Cauldron Energy Ltd), Technical Director Neil Hutchison (Poseidon Nickel, Jubilee Mines) and consulting specialists. For further information, please contact: Investors: Media: Mr Terry Topping Nicholas Read/Paul Armstrong Executive Chairman Read Corporate Kairos Minerals Limited Ph: 08 9388 1474 C O M P E T E N T P E R S O N S T A T E M E N T : Competent Person: The information in this report that relates to Exploration Results or Mineral Resources is based on informa tion compiled and reviewed by Mr Terry Topping, who is a Director of Kairos Minerals Ltd and who is also a Member of AusIMM. Mr Top ping has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2012 Edition of the ' Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. ' (the JORC Code 2012). Mr Topping has consented to the inclusion in the report of the matters based on their information in the form and context in which it appears. The Australian Securities Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this r elease. T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI Table 2 : L ist of drilled holes and significant intercepts completed at Mt York Project Prospect Hole MGAE MGAN RL Dip Az Total Depth (m) From (m) Length (m) Au (ppm) Mt York KMYC111A 696959 7665422 180 - 60 45 60 Pending Assays Mt York KMYC121 696996 7665337 180 - 60 45 80 Pending Assays Mt York KMYC122 697055 7665066 179.1 - 60 45 114 Pending Assays Mt York KMYC123 697074 7665094 182 - 60 45 100 NSA Mt York KMYC124 697104 7665122 182 - 60 45 70 NSA Mt York KMYC125 697110 7664976 190 - 60 40 200 96 16 0.56 Mt York KMYC126 697003 7665206 180 - 60 70 192 156 4 1.25 Mt York KMYC127 697576 7664397 177 - 60 45 204 124 36 1.18 including 124 4 2.09 188 4 0.50 Mt York KMYC128 697598 7664387 177.3 - 60 45 220 124 32 3.79 including 132 16 6.62 including 144 4 15.7 including 200 4 0.66 Mt York KMYC129 697652 7664394 175 - 60 40 204 92 4 0.6 136 4 1.17 156 4 1.63 Mt York KMYC130 697697 7664372 176 - 60 45 132 104 8 1.45 including 108 4 2.21 128 4 0.68 Mt York KMYC131 697714 7664349 176 - 60 40 198 104 8 1.06 including 108 4 1.62 Mt York KMYC132 697744 7664334 177 - 60 40 114 100 4 1.03 Mt York KMYC133 698235 7664189 178 - 60 0 180 124 8 2.10 Mt York KMYC134 698274 7664208 181 - 60 0 120 116 4 1.01 Mt York KMYC135 698317 7664194 180 - 55 0 160 124 8 1.18 Mt York KMYC136 698357 7664192 181.3 - 55 0 148 124 4 2.14 Mt York KMYC137 698436 7664195 182 - 55 0 142 100 4 0.81 112 4 1.57 Mt York KMYC138 698401 7664254 187 - 60 0 100 28 4 0.58 44 8 1.04 including 48 4 1.26 60 4 0.66 Mt York KMYC139 698398 7664221 186 - 60 0 118 96 4 2.51 Mt York KMYC140 698357 7664253 187 - 60 0 94 68 4 3.38 Mt York KMYC141 698437 7664268 192 - 60 0 80 16 4 0.76 28 20 1.58 including 44 4 4.42 Mt York KMYC142 698190 7664185 177 - 60 0 190 132 12 1.72 including 136 4 2.90 Mt York KMYC143 698611 7664257 182.3 - 55 0 88 8 4 1.12 40 4 0.52 T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI Prospect Hole MGAE MGAN RL Dip Az Total Depth (m) From (m) Length (m) Au (ppm) Mt York KMYC144 698610 7664224 180 - 60 0 118 84 12 1.34 Mt York KMYC147 697270 7664635 176 - 60 45 262 120 4 0.65 156 4 0.68 184 4 1.09 196 8 1.73 including 196 4 1.79 220 4 1.43 Mt York KMYC148 697306 7664615 175 - 60 45 244 120 4 1.21 132 4 0.54 184 4 0.57 224 4 0.71 Mt York KMYC149 697331 7664588 175.6 - 60 45 280 192 4 1.36 216 4 0.69 232 20 0.97 including 232 4 1.66 Mt York KMYC150 697376 7664559 175 - 60 45 219 44 4 0.51 76 12 0.70 including 84 4 1.27 96 16 0.91 including 96 4 2.18 152 4 1.55 Mount York KMYC183 697401 7664527 177 - 60 45 244 Pending Assays Mount York KMYC184 697449 7664523 175 - 60 45 196 Pending Assays Mount York KMYC185 697480 7664495 174 - 60 45 22 Pending Assays Mount York KMYC186 697562 7664469 175 - 60 45 172 Pending Assays Mount York KMYC187 697836 7664316 176 - 60 45 196 Pending Assays Mount York KMYC188 697872 7664276 175 - 60 45 196 Pending Assays Mount York KMYC189 697827 7664309 181 - 60 0 208 Pending Assays Mount York KMYC190 697864 7664273 180 - 60 0 214 Pending Assays Mount York KMYC191 697899 7664252 179 - 60 0 196 Pending Assays Mount York KMYC192 697435 7664632 218 - 60 45 58 Pending Assays Mount York KMYC193 697413 7664663 215 - 60 45 160 Pending Assays Mount York KMYC194 697388 7664706 203 - 60 45 148 Pending Assays Mount York KMYC195 697608 7664375 177 - 60 45 240 Pending Assays Mount York KMYC196 697584 7664378 176 - 60 45 260 Pending Assays Mount York KMYC197 697568 7664361 197 - 60 45 256 Pending Assays Mount York KMYC198 697610 7664407 173 - 55 45 202 Pending Assays Mount York KMYC199 697542 7664331 173 - 60 45 310 Pending Assays Mount York KMYC200 697545 7664376 175 - 60 45 292 Pending Assays Mount York KMYC204 697357 7664531 175 - 60 45 274 Pending Assays Mount York KMYC205 697355 7664573 175 - 60 45 280 Pending Assays T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI Prospect Hole MGAE MGAN RL Dip Az Total Depth (m) From (m) Length (m) Au (ppm) Green Creek KMYC112 699410 7670920 202 - 60 90 80 NSA Green Creek KMYC113 699440 7670920 200 - 60 90 80 NSA Green Creek KMYC114 699435 7671000 203 - 60 90 80 NSA Green Creek KMYC115 699446 7671040 204 - 60 90 80 NSA Green Creek KMYC167 699411 7671001 205 - 60 90 80 16 4 2.51 Iron Stirrup North KMYC116 699440 7670402 193 - 60 105 100 NSA Iron Stirrup North KMYC117 699480 7670395 195 - 60 105 112 NSA Iron Stirrup North KMYC118 699535 7670257 195 - 60 105 124 Pending Assays Iron Stirrup North KMYC119 699490 7670268 192 - 60 105 124 Pending Assays Iron Stirrup North KMYC120 699715 7670194 202 - 60 285 172 Pending Assays Iron Stirrup North KMYC168 699560 7670375 199 - 60 285 120 NSA Old Faithful KMYC151 700113 7671617 217 - 60 270 99 NSA Old Faithful KMYC152 700191 7671754 226 - 60 270 105 36 8 0.58 Old Faithful KMYC153 700316 7671717 226 - 60 270 180 128 8 1.19 including 128 4 1.71 172 8 1.26 including 172 4 1.77 Old Faithful KMYC154 700341 7671714 227 - 60 270 100 16 8 1.91 including 16 4 2.58 Old Faithful KMYC155 700394 7671707 229 - 60 270 180 24 4 0.77 172 4 0.51 Old Faithful KMYC156 700226 7671606 221 - 60 270 160 72 28 1.43 including 76 4 1.13 including 80 4 1.63 including 84 4 2.37 including 88 4 1.67 including 92 4 1.65 Old Faithful KMYC157 700272 7671605 221 - 60 270 119 NSA Old Faithful KMYC158 700128 7671607 227 - 60 270 120 NSA Old Faithful KMYC159 700181 7671360 215.5 - 60 270 240 44 8 0.72 76 4 0.54 176 4 0.70 Old Faithful KMYC160 700000 7671166 208 - 60 270 140 16 4 0.58 Old Faithful KMYC161 700048 7671166 209 - 60 270 160 16 4 0.57 Old Faithful KMYC162 700076 7671165 211 - 60 270 180 104 8 0.58 Old Faithful KMYC163 700102 7671168 214 - 60 270 180 40 36 0.58 including 72 4 1.47 T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI Prospect Hole MGAE MGAN RL Dip Az Total Depth (m) From (m) Length (m) Au (ppm) Old Faithful KMYC164 700043 7671116 212 - 60 270 120 NSA Old Faithful KMYC165 700143 7671160 218 - 60 270 180 NSA Old Faithful KMYC166 700083 7671113 216 - 60 270 140 12 4 8 0.65 including 12 4 1. 22 Iron Stirrup KMYC169 699264 7669558 215 - 60 100 80 72 4 2.19 Iron Stirrup KMYC170 699259 7669502 224 - 55 90 120 NSA Iron Stirrup KMYC171 699242 7669497 224 - 55 90 150 NSA Iron Stirrup KMYC172 699112 7669319 200 - 55 110 273 NSA Iron Stirrup KMYC201 699135 7669218 204 - 50 90 238 28 16 0.86 including 28 4 1.17 184 4 0.74 Iron Stirrup KMYC202 699423 7668782 215 - 60 90 238 NSA Iron Stirrup KMYC203 699401 7668730 209 - 60 90 238 NSA Zakanaka KMYC173 698008 7666281 195 - 60 270 207 NSA Zakanaka KMYC174 697973 7666447 198 - 60 270 260 NSA Zakanaka KMYC175 697928 7666454 198 - 60 270 197 NSA Zakanaka KMYC176 697971 7666284 196 - 60 270 120 36 4 2.61 68 8 1.27 including 72 4 1.74 Zakanaka KMYC177 698117 7666219 194 - 60 45 60 4 4 0.58 Zakanaka KMYC178 698105 7666209 194 - 60 45 60 NSA Zakanaka KMYC179 698098 7666199 194 - 60 45 69 52 8 0.60 Zakanaka KMYC180 697798 7666401 195 - 60 45 150 NSA Zakanaka KMYC181 698046 7666007 190 - 60 45 58 NSA Zakanaka KMYC182 698087 7666191 190 - 60 45 112 NSA Batavia KMYC145 701578 7661555 204 - 60 270 130 Pending Assays Batavia KMYC146 701480 7661553 204 - 60 90 118 Pending Assays Selected intercepts at 0.5g/t Au lower cu t , 4m maximum internal waste (except for KMYC163 – 8m and KMYC166 – 1 2 m) . NSA: No Significant Assays. T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI Appendix 1 – Kairos Minerals – Pilbara Gold Project JORC Code, 2012 Edition – Table 1 Section 1 Sampling Techniques and Data Criteria JORC Code explanation Commentary Sampling techniques • Nature and quality of sampling (e.g., cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ' industry standard ' work has been done this would be relatively simple (e.g., ' reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay ' ). In other cases, more explanation may be required, such as wher e there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g., submarine nodules) may warrant disclosure of detailed information. • In Mount York Project the samples from RC drilling were split on a 1 metre sample interval at the rig cyclone. • Samples from this initial drilling program were collected on four meters composites . • Additional individual single meters samples will be collected if significant results return from the four meters composites. • All samples were delivered by Kairos personnel to RGR Road Haulage in Port Hedland for transport to Intertek Minerals Laboratory in Perth WA for final analysis. • All samples from RC drilling are submitted for Four Acid Multi - Element Analysis (4A/OE33), Fire Ass ay for Gold (FA/ICP - OES). • Drilling techniques • Drill type (e.g., core, reverse circulation, open - hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g., core diameter, triple or standard tube, depth of diamond tails, face - sampling bit, or other type, whether core is oriented and if so, by what method, etc). • Reverse Circulation drilling is being carried out by Orlando Drilling company using a track - mounted rig . In general, the material is recovered as pulveri s ed and roc k chip samples. • All the holes are surveyed by the d rilling s upervisor/ s enior d riller at regular intervals downhole, approximately 1 0 meters, using a Gyroscope survey instrument. • Drill sample recovery • Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferentia l loss/gain of fine/coarse material. • RC samples were logged in detail at the drill site by supervising geologists and recorded in the Company ' s database. • Overall recoveries were excellent and there were no significant sample recovery problems. • Sample depth s are continually checked against the rod string depth during the drilling process by the senior driller. Logging • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the relevant intersections logged. • Detailed geological logging of the entirety of each hole by Kairos geologists is carried out on the RC chips and recorded as a qualitative description of colour, lithological type, grain size, structures, minerals, alteration, and various other features. • Same geological loggi ng workflow was executed in Kangan Project samples along the field campaign. • Representative material wa s sieved and collected as 1m individual samples in number - coded plastic chip trays and stored at the Company ' s site storage facility in Perth. • Photograph y of chips is not routinely done. • Detailed petrological studies are planned for selected samples to assist in ongoing evaluation . T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI Criteria JORC Code explanation Commentary Sub - sampling techniques and sample preparation • If core, whether cut or sawn and whether quarter, half or all cores taken. • If non - core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. • For all sample types, the nature, quality, and appropriateness of the sample preparation technique. • Quality control procedures adopted for all sub - sampling stages to maximise representivity of samples. • Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second - half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled. • Most RC samples wer e dry . Minor water ingress occurred during rod/bit changes however samples were generally dry once active drilling recommenced. • Samples were collected a t 1m intervals via on - board cone splitters then laid out on the ground in the case of RC work collected in large, numbere d calic o bags . • S ample quality was ensured by monitoring sample volume and by regularly cleaning the rig cyclone & sample splitters (RC). • Sampling sheets were prepared and checked by Kairos ' site geologists and field technicians to ensure correct sample representation. • In RC drilling QAQC samples are included at the rates 1: 25 as certified reference material (standard). Duplicate samples were collected, and blan ks were also included. • The QAQC samples will be analysed, and the results compared with the original sample to provide an assessment of the sampling procedures and laboratory results . Quality of assay data and laboratory tests • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrume nt make and model, reading times, calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (e.g., standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e., lack o f bias) and precision have been established. • Kairos RC drilling samples are submitted to Intertek laboratory in Perth for Four Acid Multi - Element Analysis ICP - OES (4A /OE33). The g old analys i s will be carried out via the FA 25/OE or MS technique being Fire Assay with 25g lead collection fire assay in new pots, analysed by Inductively Coupled Plasma Mass Spectrometry. • Fire Assay is an industry - standard for gold, and it is considered appropriate. • Certified Reference Material s (CRM or standards) are inserted every 25 th sample to assess the assaying accuracy of the external laboratories. • No laboratory audits were undertaken. Verification of sampling and assaying • The verification of significant inter sections by either independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data. • Primary data (geological) was collected using previously defined standard codes and the information uploaded in Excel files on laptop computers by Senior Supervising Geologists. • No twin holes were drilled. • All data is received and stored securely in digital format in the Company ' s database. • Final data is rigorously interpreted by Kairos ' geoscientific personnel. • All RC holes were surveyed down - hole with north - seeking gyroscopic survey instruments by the s upervising/ s enior driller . Location of data points • Accuracy and quality of surveys used to locate drill holes (collar and down - hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • Specification of the grid system used. • Quality and adequacy of topograph ic control. • Kairos collars surveyed by handheld GPS with an accuracy of +/ - 5m . • All holes are in MGA94 Zone 5 0 (GDA94). Data spacing and distribution • Data spacing for reporting of Exploration Results. • Whether the data spacing, and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • Whether sample compositing has been applied. • Minimal sample spac ing for assay samples is 1m and maximum composite sample spacing is 4m. • In RC drilling at Mount York Project , the hole spacing varies according to the target and geological setting along section lines. Orientation of data in relation to geological structure • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • If the relationship between the drilling orientation and the orientation of key mineralised structures is • Most RC holes are drilled at - 60 deg to provide true width intersections of the targeted horizon. • Holes are designed to intersect the geological contacts/targets as close to perpendicular as possible in order to provide approximate true width intercepts. T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI Criteria JORC Code explanation Commentary considered to have introduced a sampling bias, this should be assessed and reported if material. Sample security • The measures taken to ensure sample security. • The sample chain of custody is managed by Kairos. • All samples were collected in the field at the project site in number - coded calico bags/secure label l ed poly weave sacks by Kairos ' geological and field personnel. • All samples were delivered directly to the responsible laboratory or associated carrier by Kairos personnel before being transported to the l aboratory in Perth WA for final analysis. Audits or reviews • The results of any audits or reviews of sampling techniques and data. • No audits have been completed . T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI Section 2 Reporting of Exploration Results Criteria J ORC C o de ex p l a nat i on C o mm e n t a r y M in e r a l ten e m e nt and l a nd tenure s tatus • T y p e , refer e n c e n a m e /n u m b er, l o ca t io n a nd own ershi p i n clu d i ng a gr e e m e nts or material issues w it h thir d p art i es s u c h as joi nt ve nt ur e s , p ar tn ershi p s , ov er ri d i ng r o y a l t i e s , n a tiv e titl e i nt er e s t s , h is tor ica l sit e s , w ild erne s s or n a t i o na l p ark a n d e nvir o n m en tal s et ti n gs . • The s e c uri t y o f t h e t e n u r e h e l d a t the t i m e o f re p or t i n g a l o ng w i th a n y k n o wn i m p e d i m e nts to o b t a i n i n g a li c e n c e to o p er a te i n t he a r e a . • Kairos Minerals owns the Tenements 100%. • The Mount York Project has eleven granted Prospecting Licenses • 45/2987 to 2989 and 45/2991 to 45/2998. • Kairos is not aware of any existing impediments nor of any potential impediments which may impact ongoing exploratio n and development activities at the project site. E x plor a tion done by other parti e s • A ck n o w l e d g m e n t a nd a p pr a i s al of e x p l or a t i o n b y ot h er p art i e s . • In Mount York Project s ignificant historical gold exploration including surface geochemical sampling, airborne and ground electromagnetic surveys, RAB, AC, RC, and DD drilling was already acknowledged in previous ASX announcements. G e ology • Dep o si t typ e , g e o l o g i c a l s et ti n g, a n d s t y l e of m i n era l i s at i o n . • Mount York Project is in the Strelley greenstone belt of Pilbara Craton. The local style indicates that the gold mineralisation is hosted mainly by the banded iron formation associated with quartz - veins and breccias. Drill hole Information • A s u m m a r y of a l l i nf o r m at i o n m a te r i al to t he u n d er s ta n d i ng of t h e e x p l ora t i on re s u l ts i n c l u d i ng a t a b u l at i on of t h e fo l l o w i ng i n f orma t i o n f or a l l M a te r i al dr i l l h o l e s : • e a s t i n g a nd n ort h i ng of t he dri l l h o l e c o l l ar. • e l e v a t i o n o r R L (Re d u c ed L e v el - e l e v a t ion a b o v e s ea l e v e l i n m e tre s ) of the dri l l h o l e c o l l ar • d i p a n d a z i m u th of t he h o l e • d o wn h o l e l e n gth a n d i nt e rc e p t i on d e p t h • h o l e l e n g t h. • If t he e xc l u si on o f t h i s i nf o r m a t i on i s j u s t i f i ed on th e b a s i s t h at t h e i nf o r m at i on i s n o t M a te r i al a n d t h i s e xc l u s i on d o es n o t d e tra c t from t h e u n d er s t a n d i ng of t he r e p ort, t he C o m p et e nt P er s on s h o u l d c l e arly e x p l a i n w hy th i s i s t he c a s e. • The coordinates and other attributes of the drill holes relevant to the work performed at Mt York Project is included in Table 2 at the end of the release. T +61 (0)8 6380 1904 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI Criteria J ORC C o de ex p l a nat i on C o mm e n t a r y Data a ggregation m e t h ods • In r e p or t i n g E x p l ora t i o n Re s u l t s , w e i g h t i ng a v era g i n g tech n i q u e s , m a xi m u m a n d / or m i n i m um grade tru n c a t i o n s ( e.g., c ut t i ng of h i g h g r a d e s ) a n d cut - o ff g r a d e s are usu a ll y M a te r i al a n d sh o u l d be s ta t e d . • W h e r e a g g r e g a te i nt e rc e p t s i n c orpor a te s h o r t l e n g t hs of h i g h - grade re s u l ts a n d l o n g er l e n gt h s of l o w - grade re s u l t s , the pro c e d u r e u s ed f or s u c h a g gr e g a t i on s h o u l d b e st at ed a n d s o me t y p i c al exa m p l es of s u c h a g g r e g a t i o n s s h o u l d b e s h o wn i n d et a il . • The as s u m pt i o n s used f o r a n y re p or t i ng of m e t al e q u i v a l e nt v a l u e s s h o u l d b e c l e a r l y s ta t e d . • The result from the Mount York drilling program was reported with 0.5g/t cut - off for Au. With a maximum internal dilution of 8 m. Re la tion s hip betwe e n min e r a li sa tion w i d t hs a nd inter ce pt l e ng t hs • Th e s e re l at i o n s h i ps are p a r t i c u l arly i m p ortant i n t h e r e p ort i ng o f E x p l ora t i o n Re s u l t s . • If t he g e o m etry o f t h e m i n era l i sa t i on w i t h re s p e c t to the d r i l l h o l e a n g l e i s k n o w n, i ts n a t ure s h o u l d b e re p or t e d . • If i t i s n o t k n o w n a n d o n l y t he d o wn h o l e l e n gt h s are r e p orte d , t h ere s h o u l d be a c l e a r s ta t e m e nt to t h i s e f fe c t ( e.g., ' d own h o l e l e n gt h , true w i d t h n o t k n o wn ' ) . • All intercepts reported are measured in down - hole metres. • All holes are oriented to provide intersections that are orthogonal to the respective targeted horizon. Di a gr a ms • A p p r o pri a te m a p s a nd s e c t i o n s (w i t h s c a l e s ) a n d ta b u l a t i o n s of i nt e rc e p ts s h o u l d b e i n c l u d ed f or any s i g n i f i c a n t d i sc o v ery b ei n g r e p orted . The s e s h o u l d i n c l u d e , b u t n o t be l i m i t ed t o a p l a n v i ew of dri l l h o l e co l l ar l o c a t i o n s a nd a p pr o pri a te s e c t i o n a l vi ew s . • R elevant diagrams have been reported in this document. Ba la nced r e por t ing • W h e r e co m preh e n s i v e r e p ort i ng o f a l l E x p l ora t i on Re s u l ts i s n o t pra c t i c a b l e , r e p r e s e n t a t i v e r e p o r t i ng of b o th l ow a n d h i gh gra d es a n d / or w i dt h s s h o u l d be pra c t i c ed avoiding misleading r e p ort i ng o f E x p l ora t i o n Re s u l t s . • All relevant results for this stage have been reported . Other substant i ve • O th e r exp l ora t i on d a t a, i f m e a n i n gf u l a nd m at e r i a l , s h o u l d b e re p or t ed i n cl u d i n g • All relevant and meaningful data has been reported. Criteria J ORC C o de ex p l a nat i on C o mm e n t a r y E x plor a tion data • ( b u t n o t l i m i t e d t o): g e o l o g ic al o b s er v at i o n s ; g e o p h ys i c al s ur v ey re s u l t s ; g e o c h e m i c a l s ur v ey re s u l t s ; b u l k s a m p l e s – si z e a nd m et h od of tre a t m e n t; m e t a l l ur g i c al t e s t r e s u l t s ; b u l k d e n s i t y , grou n dwa t er, g e ot e c h n i c a l a n d ro c k c h a r a c te r i s t i cs ; p o t e nt i al d e l et e r i o u s or c o n ta m i n at i ng s u b s t a n c e s . • The q ualitative analysis relies on in situ geological observations and correlation with local and regional previous results. Fur t her work • The n a ture a n d s c a l e o f p l a n n e d f ur t h e r work (e.g., t e s ts for l a t eral exte n s i o n s or d e pth e x te n s i o ns or l arg e - sc a l e s tep - o u t dri l l i n g ) . • D i a g r a m s c l e arly h i g h l i g h t i n g the ar e as of p o ss i b l e e x te n s i o n s , i n c l u d i n g t h e m a i n g e o l o g i c al i nt e r p r et a t i o n s a n d fu t u r e dri l l i ng ar e a s , p r o vi d e d t h i s i nf o r m a t i on i s n o t c o m m e rci a l l y s e n s i t i v e. • Assay results from the Mount York RC drilling. • AC drilling program at Kangan Project. • Mining studies for the Mt York Project. • Geochemistry sampling results from Mt York, Wodgina, Kangan and Skywell projects. • Additional heritage surveys at Kangan and Skywell projects.
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