- Krakatoa Resources (KTA) has begun drilling at its Dalgaranga critical metals project in Western Australia
- Between 30 and 35 reverse circulation holes will be drilled to calculate a mineral resource, but the company is uncertain if this drilling will result in the estimation of one
- Based on data from historical holes, an exploration target of between 1.47 million and 3.18 million tonnes has been identified
- The exploration target came from data from 156 historical holes and 11 holes drilled by Krakatoa in 2017
- Shares in Krakatoa are steady on the market and are trading at 8.4 cents at 1:51 pm AEST
Krakatoa Resources (KTA) has begun drilling at its Dalgaranga critical metals project in Western Australia.
Between 30 and 35 reverse circulation (RC) holes, for 3500 metres, will be drilled to calculate a mineral resource.
There has been insufficient exploration to calculate a mineral resource and Krakatoa is uncertain if this upcoming drilling will result in the estimation of one.
Based on data from historical holes, an exploration target of between 1.47 million and 3.18 million tonnes has been identified.
This target contains 500 to 2000 parts per million (ppm) rubidium, 50 to 300 ppm lithium, 100 to 500 ppm niobium, 25 to 100 ppm tantalum, 50 to 700 ppm tin, and 10 to 100 ppm tungsten.
The exploration target came from data from 156 historical holes and 11 holes drilled by Krakatoa in 2017.
“With buoyant prices of the project’s critical and tech metals fuelled by demand, we look forward to announcing the nature and extent of this potential maiden resource,” CEO Mark Major said.
Shares in Krakatoa were steady on the market and were trading at 8.4 cents at 1:51 pm AEST.