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Kairos Minerals Limited (ASX:KAI)

ALERT: Price-sensitive ASX Announcement for KAI
Current share price for KAI : $0.710 0.67 (1,675%)+
Announcement
Release
9 Feb 2026 9:56AM
Price at Release
$0.040
Full Release
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Summary
Kairos Minerals Limited (ASX: KAI) announced that it has received the second and final payment of $10 million from PLS Group Ltd, completing the terms of the Tenement Sales Agreement (TSA) related to the Mt York Gold Project in Western Australia. This payment boosts the company's cash balance to $35 million, enabling further resource growth and feasibility studies for its Mt York Mining Lease. Additionally, a royalty deed has been executed with PLS for the granted mining lease M45/1307, allowing Kairos to receive a 2% Gross Revenue royalty from sales of minerals extracted from the lease. The funds will also support exploration activities in the surrounding Mt York area.
Key Points
  • Kairos receives $10M payment from PLS Group Ltd.
  • Cash balance increased to $35M.
  • Completion of TSA related to Mt York Gold Project.
  • Royalty deed executed for mining lease M45/1307.
  • 2% Gross Revenue royalty from M45/1307 sales.
  • Exploration budget boosted for the Mt York area.
  • Further resource growth and feasibility studies planned.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.