Kairos Minerals (AU:KAI) has released an update.
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Kairos Minerals has struck a deal to sell non-core assets to Pilbara Minerals for $20 million, retaining significant gold resources and rights to a vast area with gold occurrences. This strategic move aims to enhance shareholder value and bolster Kairos’ position in the area through targeted exploration and resource expansion initiatives. The agreement includes a 2% royalty on future sales and provisions for further negotiation of mineral rights over an adjacent 367sqkm land package.
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