Kairos Capital (KRS.V) (to be renamed ‘Lithium Chile’)has increased its land package in Chile where it will be exploring for lithium brines to 134,200 hectares after adding approximately 80,000 hectares at the Salar de Helados, Salar de Llamara and the Salar de Pintadas.
The company’s portfolio now consists of 15 projects, and initial exploration results at some of the salars have yielded outstanding results. An initial sampling program at the Salar de Helados returned lithium values of up to 1280 mg/l, which is almost three times as high as the average grade at Millennial Lithium’s (ML.V) the Pastos Grandes salar.
Chile isn’t as easy to work in as Argentina due to existing export restrictions, but we do expect some changes in the next few years as Chile undoubtedly wants to monetize its lithium-bearing salars as well.
Kairos/Lithium Chile seems to be serious about moving forward, and it is now planning to appoint Andy Bowering as a director at the upcoming AGM. Bowering is a founder and director of Millennial Lithium which recently published a true world class resource estimate at Pastos Grandes which now contains in excess of 3 million tonnes of LCE. It will be interesting to see if more key people of Millennial Lithium will be making the switch to Lithium Chile.
The author has a long position in Kairos Capital. Please read the disclaimer