Kairos Minerals drills for expansion at Mt York

Core Viewpoint - The Mt York Gold Project is a significant opportunity for growth, with a current resource of 1.4 million ounces of gold and potential for expansion through ongoing drilling and strategic partnerships [2][4][6]. Project Overview - The Mt York Gold Project is located in the Pilbara region and features a single open pit containing the majority of its mineralization, which is noted for its clean metallurgy [2]. - The project has a consistent mineralization over a length of three kilometers, which is unusual for gold projects, enhancing its development potential [3]. Financial Position - The company is fully funded with A$12.4 million in the bank and expects an additional A$10 million from a deal with Pilbara Minerals by the end of 2024, supporting a 20,000 to 30,000 meter drilling program [4][6]. Drilling Program - The upcoming drilling program aims to expand the resource base beyond the current 1.4 million ounces and convert lower confidence resources into higher confidence categories [6]. - A priority area for drilling is the Main Hill extension, where negotiations are ongoing to access an additional 1.5 kilometers of mineralization on Pilbara Minerals' ground [7]. Future Outlook - The company anticipates a busy year ahead with significant news flow expected, which could change market perceptions of Kairos Minerals [8]. - A new resource estimation is planned for 2025, which is viewed as a pivotal moment for the company [9][10].