Kairos Completes A$27M Placement at Premium to Fund Mt York and Roe Hills
Kairos Minerals has raised approximately A$27 million through a premium share placement to fund drilling and development at its Mt York and Roe Hills gold projects in Western Australia, attracting robust demand from institutional investors.
- A$27 million share placement at A$0.04 per share with a premium to recent VWAP
- Funds earmarked for drilling and feasibility studies at Mt York and Roe Hills projects
- Strong institutional demand from domestic and international investors
- Additional A$10 million expected from sale of non-core Pilgangoora ground
- Placement shares to settle and allot in late October 2025
Capital Raise Highlights Investor Confidence
Kairos Minerals Ltd (ASX – KAI) has successfully completed a share placement raising approximately A$27 million at a price of A$0.04 per share. Notably, this price represents no discount to the last closing price and a slight premium to the recent volume weighted average price, signaling strong market confidence in the company’s assets and growth prospects.
The placement attracted exceptional demand from both new and existing institutional investors, spanning domestic and international markets. This robust support underscores the perceived value of Kairos’ portfolio, particularly its flagship Mt York Gold Project in Western Australia’s Pilbara region and the Roe Hills Gold Project in the Kalgoorlie area.
Advancing Key Gold Projects
The capital raised will be deployed primarily to advance drilling and feasibility studies at Mt York, where Kairos is targeting a 1.4 million ounce gold resource. This includes a planned 1,500-metre extension of mineralisation recently secured from Pilbara Minerals Limited (PLS). Additionally, funds will support regional exploration across a substantial 367-kilometre licence area surrounding Mt York, as well as resource drilling at Roe Hills aimed at delivering a maiden resource estimate.
These activities are critical steps toward transitioning Kairos from exploration to production, enhancing the company’s asset base and potentially increasing its market valuation. The company’s leadership has expressed optimism about the opportunities ahead, highlighting the strategic importance of these projects in positioning Kairos as a multi-million ounce gold developer.
Strategic Financial Positioning
Beyond the placement, Kairos anticipates receiving a second payment of A$10 million in 2025 related to the sale of non-core ground near Pilgangoora, either in cash or shares at the seller’s discretion. This additional inflow will further bolster the company’s financial flexibility as it pursues its development objectives.
Petra Capital led the placement as sole Lead Manager and Bookrunner, supported by Bell Potter Securities and Evolution Capital as Co-Managers, reflecting strong institutional engagement and confidence in the transaction structure.
Looking Ahead
With the placement shares expected to settle by 22 October and allot shortly thereafter, Kairos is well-positioned to accelerate its exploration and development programs. The company’s management emphasizes the importance of this capital raise in unlocking the value of its WA gold assets and advancing toward production milestones.
Bottom Line?
Kairos’ successful capital raise sets the stage for a pivotal year of exploration and development in Western Australia’s goldfields.
Questions in the middle?
- How will the drilling results at Mt York and Roe Hills influence Kairos’ resource estimates and project timelines?
- What are the potential impacts of the anticipated A$10 million payment from the Pilgangoora ground sale on Kairos’ balance sheet and strategy?
- How might the increased share count from the placement affect shareholder value and market perception in the near term?
