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Krakatoa Resources (ASX:KTA) - CEO, Mark Major
CEO, Mark Major
Source: Krakatoa Resources
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  • Krakatoa Resources (KTA) begins a 3000-metre aircore drilling program at its Mt Clere Project in Western Australia
  • Drilling will test for potential ionic absorption clay-hosted rare earth element mineralisation and heavy mineral sands
  • Krakatoa’s focus will primarily be the Tower AOI and the alluvial plains over exploration licence E25/3730
  • Drilling will be undertaken over the laterite terraces around the Tower AOI and to test for heavy mineral sands over the alluvial terraces
  • Shares in Krakatoa are steady on the market and are trading at 5.6 cents

Krakatoa Resources (KTA) has begun a 3000-metre aircore drilling program at its Mt Clere Project in Western Australia.

Drilling will test for potential ionic absorption clay-hosted rare earth element (REE) mineralisation and heavy mineral sands (HMS).

Krakatoa’s focus will primarily be the Tower AOI and the alluvial plains over exploration licence E25/3730.

Drilling will be undertaken over the laterite terraces around the Tower AOI, with the laterite and regolith profiles up to 40 metres thick in some areas.

The drilling over the alluvial terraces will test for the presence of heavy mineral sands with the area known to host monazite, zircon, ilmenite and leucoxene.

“This drilling will be the company’s first at Mt Clere. It’s exciting to have seen the project advance into reconnaissance drill testing over some of the thickest regolith profiles encountered in the area thus far,” CEO Mark Major said.

“We will also investigate the alluvial terraces within braided creeks of the Bubbagundry and Wheelo creek areas to determine the extent of the alluvium profile and mineral content.”

Shares in Krakatoa were steady on the market and were trading at 5.6 cents at 1:11 pm AEDT.

KTA by the numbers
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