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Kairos Minerals ( (AU:KAI) ) has shared an announcement.
Kairos Minerals has released a promising scoping study for its Mt York Gold Project, revealing significant financial potential with a projected free cash flow of $574 million and a net present value of $410 million. The study indicates a strong internal rate of return and a short payback period, supported by a well-funded drilling program to expand resources. The company holds $12.36 million in cash and expects an additional $10 million, which will help fund further exploration activities. The project is progressing with the support of the Nyamal Aboriginal Corporation, as Kairos prepares to commence a major drilling program in early 2025, aiming to enhance gold resource classification and complete a prefeasibility study.
More about Kairos Minerals
Kairos Minerals operates in the mining industry, focusing primarily on gold exploration and development. The company is engaged in the Mt York Gold Project in the Pilbara region, aiming to expand its resources and maximize economic returns for its stakeholders.
YTD Price Performance: 30.0%
Average Trading Volume: 146,972
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $21.34M
Learn more about KAI stock on TipRanks’ Stock Analysis page.
