Kairos Minerals - Initiation Report
Kairos Minerals is an Australian exploration company targeting large-scale lithium and gold discoveries in Western Australia’s premier mining districts. The company’s focus is on the 100%-owned Pilbara gold Project, which includes the Mt York deposit, where Kairos holds a prominent and highly prospective land position at the centre of the rapidly emerging Pilbara gold district. At the same time, Kairos has pivoted towards attempting to unlock the vast potential of its highly prospective Lithium tenements in a Tier 1 mining region.The Lithium tenements are next door to Global Lithium’s (ASX:GL1, market cap A$344m) Manna Lithium Project, Pilbara Minerals’ (ASX:PLS, market cap A$12.5bn) world-class Pilgangoora Lithium-Tantalum Mine and Mineral Resources’ (ASX:MIN) large Wodgina Lithium-Tantalum Mine.
Resolve Research initiates coverage of Kairos with a target price of A$0.046, and a Strong Buy stance.
Kairos Minerals is engaged in resource exploration and investments. Co.'s operating segments include: investments, which invests in a portfolio of listed investments for short term gains and liquidity purposes, and in unlisted equities for the purpose of long-term results; and exploration, which invests in exploration activities in areas of interest in order to identify mineral deposits for exploitation through sale of rights or mining activities. As of June 30 2016, Co.'s exploration portfolio had two primary projects that were 100.0% owned and located in Western Australia's gold, lithium and nickel districts of the Eastern Goldfields and the Pilbara.
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