Kairos Minerals (ASX:KAI) has been granted mining lease M45/1306 by the Western Australian Government, covering the company’s 1.4 million ounce Mt York Gold Project in the Pilbara.
The grant of the mining lease marks an important milestone for the company as it advances Mt York through development. The mining lease was granted on 27 January 2026 and covers an initial 21-year term.
The lease provides Kairos with the rights to mine, treat, and process the gold mineralisation and to build the associated infrastructure needed. This is subject to the granting of further approvals including related to mine planning and closure and environmental studies.
Managing Director Peter Turner says that the mining lease marks an important step in bringing Mt York towards development, just after the company has signed the Native Title Mining Agreement with the Nyamal People.
“Our scoping study in November 2024, based on a conservative gold price of A$3,500 per ounce demonstrated that this project can be a robust, standalone gold mine at a gold price that is approximately half the current gold spot price,” Turner says.
“Our aim is to grow Mt York through a resource increase over the entire 4,200m strike length and demonstrate that this project can easily grow into one of Western Australia’s largest, undeveloped free-milling gold projects. Our updated MRE is the next step in its development and will include all results from the 2025 drill program that is the largest to date over the deposit in the company’s history.”
Kairos is now focused on reviewing and releasing all results from the Main HIll extension drilling program and compiling all data in preparation for an updated mineral resource estimate.
Work is being done as well to progress the Prefeasibility Study work including appointing all necessary personnel and reviewing all key studies and timeframes.
Kairos Minerals is focused on bringing the 1.4 million ounce Mt York Gold Project into development.
Write to Amy Rotman at Mining.com.au
Images: Kairos Minerals
