Kairos Minerals Ltd. reported strong results from nine drill holes at the 100%-owned Mt York Gold Project in the Pilbara. Kairos completed 46 drill holes for 11,013.6m of drilling, including 5,945.6m of diamond core drilling, between September and December 2022 with the aim of 1) drilling beyond the current resource model, especially at depth to increase resources and 2) infill drilling within the resources to increase confidence in the resource category along the contiguous Main Trend (Main Hill - The Gap - Breccia Hill - Gossan Hill). Results for 33 of the 46 holes were reported earlier in February, with results of a further nine holes reported here. Results for the remaining 4 holes are pending and expected in March. The holes are shown on the drill plan and incorporated into the long-section. Drillholes KMYD020, KMYD040 and KMYD051 represent some of the deepest
drilling at Main Hill, Breccia Hill and Gossan Hill completed to date and show the open nature
of mineralistion at depth below the current resource. New results from the drilling include 10m @ 4.90 g/t Au from 257m including 7m @ 6.02 g/t Au from 257m in hole KMYD040. This result at Breccia Hill sits approximately 85m below the current resource and has the potential to increase open pit resources at depth, as well as demonstrating the potential for further exceptional widths and grades ameniable to underground mining, with mineralisation remaining completely open at depth . Results from KMYD020 at Main Hill include 12m @ 0.83 g/t Au from 131m, 25m @ 0.47g/t Au from 156m, 19m @ 0.51 g/t Au from 197m, and 21m @ 1.38 g/t Au from 214m including 6m @ 2.80 g/t Au from 225m. These results confirm and demonstrate the significant widths of mineralisation and multiple stacked lodes that characterise the Main Hill deposit . The current mineral resource estimate for the project stands at 28.01 Mt @ 1.23 g/t Au for 1,104,000 Mozs Au including 13.93 Mt @ 1.3 g/t Au for 581,000 ounces (Indicated) and 14.08 Mt @ 1.15 g/t Au for 523,000 ounces (Inferred). The Kairos team are confident that these new results, coupled with bulk density measurements of selected core samples that are currently at Intertek for specific gravity tests, will support a significant increase in the mineral resource. Mineralisation at Main Hill, The Gap and Breccia Hill dip steeply to the SW, SSW & S respectively and forms an arcuate trend towards the east at Gossan Hill. Main Hill mineralisation currently remains relatively undrilled due to
challenges for drill-rig access. Hole KMYD071 was drilled into Main Hill and a 15.4m
hangingwall zone of high-sulphides was reported3 - results are pending, expected in March
2023. Results for holes announced previously can be found in ASX announcement `Successful
Extentional Drilling at the Mt York Gold Project' dated 09 February 2023. Drillhole details of all
holes drilled at Mt York during 2022. Next Steps: Reporting of results on remaining four Mt York drill holes - Assess results of density measurements, application to a new resource estimation - Wireframe adjustment for lithology, mineralisation - Resource estimation, pit optimisation updates - Mining Lease stakeholder negotiations.