Kairos Minerals' Mt York Gold Project overview

Kairos Minerals (ASX:KAI) has announced the results of a scoping study for its Mt York Gold Project in Pilbara. The study indicates the project has strong potential for robust financial returns. It suggests a viable gold operation, with a focus now on resource growth for a pre-feasibility study.

Kairos Minerals' strategic outlook and future plans

Kairos Minerals' scoping study for the Mt York Gold Project highlights its technical and financial viability, with plans for a 4 Mtpa CIL processing plant. The project aims to produce 657,200 ounces of gold over eight years, with an all-in sustaining cost of A$2,205/oz. Financial forecasts include a free cash flow of A$574 million, a net present value of A$410 million, and an internal rate of return of 35.7%, with a payback period of 2.7 years. The company plans an extensive drilling program in early 2025 to enhance resource conversion and growth, and is exploring funding strategies for the required A$276 million capital. The project remains sensitive to gold price fluctuations and other variables, but Kairos is committed to improving through resource growth and potential efficiencies.

Executive insights on Kairos Minerals' strategic focus

The study identifies a 4 Mtpa CIL processing plant with a SAG & ball mill circuit as the optimal pathway for the best return on investment. Options for 2.5 and 5 Mtpa operations also present positive alternatives with varying capital and operating costs.