Core Viewpoint - Kairos Minerals Ltd has successfully received the final $10 million payment from PLS Group Ltd, increasing its cash balance to approximately $35 million, which will support further development and exploration activities at the Mt York Gold Project [2][3][6]. Financial Transactions - The final payment is part of a total consideration of $20 million for six prospecting licenses and the mining lease application M45/1307 related to the Mt York Gold Project, with the first payment of $10 million received on September 5, 2024 [3]. - The final payment was triggered by the grant of PLS' mining lease M45/1307 on January 22, 2026, and a royalty deed has been executed, granting Kairos a 2% gross revenue royalty on products sold from the lease [4]. Strategic Development - The chairman of Kairos stated that the strengthened balance sheet will facilitate continued de-risking of the Mt York project, including pre-feasibility work and an updated resource estimate [5][6]. - The additional funds will enable a significant exploration budget for the enlarged Mt York area, covering 367 km² of PLS tenements and 168 km² of the Pincunah licenses and application [7]. Future Plans - Kairos has outlined several next steps, including reviewing and releasing results from the Main Hill Extension drilling program, compiling geological and assay data for an updated Mineral Resource Estimate, and completing mineral resource estimation over the entire 4,200m-long Mt York Gold Project [7]. - The company plans to engage with PLS regarding a mining lease application for the Main Hill Extension and continue exploration over the specified tenements [7].