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Kairos Minerals Limited (ASX:KAI)

ALERT: Price-sensitive ASX Announcement for KAI
Current share price for KAI : $0.710 0.672 (1,768.42%)+
Announcement
Release
13 Apr 2026 8:26AM
Price at Release
$0.038
Full Release
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Summary
On April 13, 2026, Kairos Minerals Limited announced an updated Mineral Resource Estimate (MRE) for the Mt York Gold Project in Western Australia, increasing the resource to 61.7 million tonnes at a grade of 1.05 g/t gold, totaling 2.08 million ounces. This represents a 50% increase in resources, primarily due to a 27,000-meter drilling program completed in 2025. The updated MRE reflects a significant conversion of inferred resources to indicated resources, and the project is expected to continue growing as additional drilling is planned for 2026. The gold resource optimization, based on a gold price of A$5500/oz, indicates the potential for further expansion. The company is well-funded with a cash balance of $35 million to support ongoing drilling and feasibility studies, aligning with its goal to develop one of Australia's largest undeveloped gold projects.
Key Points
  • Updated Mineral Resource Estimate (MRE) for Mt York Gold Project increases to 61.7Mt @ 1.05 g/t Au for 2.08Moz Au.
  • 50% resource increase achieved through 27,000m of drilling at a discovery cost of $13.40/oz.
  • Indicated resources now make up 66% of total MRE.
  • Resource optimization conducted using A$5500/oz gold price.
  • 2026 drill program will target further resource extension and new discoveries.
  • Project remains open at depth and along strike, paving the way for future growth.
  • Cash balance of $35.0M to fund ongoing activities and support feasibility work towards Final Investment Decision (FID).
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.