Next Investors logo grey

Shares in Kairos Minerals surge more than 20%


Published 13-JUL-2017 10:42 A.M.


2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

Shares in Kairos Minerals (ASX:KAI) resumed from a trading halt in startling fashion on Wednesday.

The release of maiden air core drilling results, confirming extensive shallow high grade cobalt-nickel-manganese oxide mineralisation at the group’s Roe Hills project resulted in its share price increasing from 1.4 cents when it entered a trading halt on Monday to hit an intraday high of 1.7 cents, representing a gain of more than 20%.

It is also worth noting that this share price surge occurred under the second-highest daily trading volumes registered in the last five years.

It should be noted that share trading patterns should not be used as the basis for an investment as they may or may not be replicated. Those considering this stock should seek independent financial advice.

The Roe Hills project is located in the highly prospective Eastern Goldfields region of Western Australia. Commenting on the success of the drilling campaign, KAI’s Chairman, Terry Topping said, “This exceptional grade, combined with the near surface nature and extent of the mineralisation and the prime location of the Roe Hills project in the Eastern Goldfields makes this an exciting emerging opportunity for the company”.

Roe hills project map

A significant zone of near surface mineralisation was intersected over a continuous strike of at least 700 metres in length and up to 150 metres in width at the ROE-1 prospect. While the 59-hole drilling program was cobalt focused, as is often the case, robust levels of nickel and copper mineralisation were identified.

The following assay results indicate that the cobalt and manganese grades were high compared to most other nickel cobalt oxide deposits in Western Australia and globally. This has prompted KAI to undertake a 2000 metre follow-up air-core drilling program later this year with a view to testing extensions and identifying other high priority targets.

Roe hills deposit results

KAI is also awaiting assay results from a gold focused drilling program which comprised 34 air-core/reverse circulation holes over a 2.8 kilometre distance. This has tested a number of high priority gold targets including Terra, Lady of the Lake and Ginger Kiss.

Consequently, further exploration results could maintain share price momentum.

General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.