Kairos Minerals (ASX: KAI)
Since the early 1990s, the Laverton gold field has exploded from a sub 3 million ounce gold province, to over 28 million ounces of gold.
Household gold stocks such as Dacian Gold, Saracen Mineral Holdings and Anglogold Ashanti have all enjoyed success in the region as a result of continued exploration.
Currently there is a band of explorers searching for the southern extension of this greenstone belt, in an effort to unlock the next multi-million ounce WA gold discovery.
The first stock to ‘break out’ was Breaker Resources, which has grown to a $75M capped company on the back of its gold discoveries in the Roe Hills region.
Kairos Minerals (ASX: KAI), currently capped at just $12M, has recently confirmed shallow mineralised ground right next door to its bigger brother Breaker…
With a steady stream of drill results confirming the presence of shallow, high potential prospects, is it only a matter of time before KAI breaks out also?
Another interesting fact about KAI is that its gold project is also right near the $375M capped gold producer Silver Lake Resources.
KAI appears to have an extension of Silver Lake’s resource, so if Silver Lake runs out of gold to feed its production, it may well need to look elsewhere.
Enter its neighbour KAI – which would certainly be looking to strike a deal as it continues to quickly push its exploration to a stage where commercial viability is on the table.
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KAI has released impressive drill results re0cently from its Mt York and Roe Hills Projects, with more results on the way and further drilling to be conducted in the coming weeks and months.
KAI is now fast tracking its progress in the hope that it can start catching up to its much higher capped neighbours.