Kairos Minerals Ltd (ASX:KAI) has awoken the sleepy market this afternoon, trading over 62 million shares and gaining 19.4% to $0.037.
There hasn't been any news today, or last Friday, but a day earlier on Thursday the company outlined an initial field assessment of its extensive Pilbara lithium-gold tenement portfolio in Western Australia.
The results both confirmed and enhanced its prospectivity for Paleo-Placer “Witwatersrand-style” conglomerate-hosted gold mineralisation similar to the discoveries reported recently in the region by Novo Resources Ltd (TSX-V:NVO) and Artemis Resources Ltd (ASX:ARV).
Kairos holds 1,158 square kilometres of tenure in this region.
It looks like the market has finally caught up.
Company Name · Code · Last · Change · Volume
Norwest Energy NL · NWE · $0.006 · -25% · 140,601,548
Kairos Minerals Ltd · KAI · $0.037 · 19.36% · 62,203,032
Anson Resources Ltd · ASN · $0.030 · 30.44% · 50,134,590
Boart Longyear Ltd · BLY · $0.020 · -25.93% · 44,829,998
Bass Oil Ltd · BAS · $0.003 · 0% · 30,926,319
88 Energy Ltd · 88E · $0.018 · -10% · 28,531,946
Golden Rim Resources Ltd · GMR · $0.003 · 0% · 26,153,620
Patrys Ltd · PAB · $0.023 · 9.52% · 24,534,271
Thred Ltd · THD · $0.011 · 22.22 · 21,509,539
Invion Ltd · IVX · $0.004 · -20.00 · 16,133,303