Kairos Minerals (AU:KAI) has released an update.
Kairos Minerals Ltd has completed the sale of non-core tenements to Pilbara Minerals for a total deal of $20 million, with the initial $10 million payment already received. The deal includes a future $10 million payment and rights to negotiate mineral rights over a vast 367sqkm area, excluding lithium and tantalum. The funds bolster Kairos’s financial position, enabling further growth of its Mt York Gold Project, with a 5,000m drilling program planned to expand gold resources.
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