- Krakatoa Resources (KTA) launches a resource drilling program at the Tower prospect, within the Mt Clere project in Western Australia
- The work program includes around 3000 metres of aircore drilling to infill and expand the areas which contain extensive laterite regolith development
- The drilling is expected to be complete within four weeks, with the results to be used for a resource estimation of the area
- Additionally, the Krakatoa team plans to take on additional reconnaissance drilling of other highly prospective rare earth element targets once a more portable rig becomes available
- Krakatoa Resources last traded at 5.3 cents on June 21
Krakatoa Resources (KTA) has launched a resource drilling program at the Tower prospect, within the Mt Clere project in the north-western margins of the Yilgarn Craton, Western Australia.
The program will include around 3000 metres of aircore drilling, which is considered fast and relatively cheap. The company hopes the planned drilling will help with future resource estimation work.
Following this, Krakatoa has scheduled to undergo step-out drilling over the Tower West prospect in conjunction with additional reconnaissance exploration.
“It’s fantastic we have been able to get back into the next phase of drilling after only recently discovering the clay hosted rare earth elements (REE) within the thick laterite regolith around the Tower area of the Mt Clere project,” Krakatoa CEO Mark Major said.
“This drilling will allow the company to work towards completing a resource estimation of the area.
“We are looking forward to completing this infill and extensional drilling as we work on completing the initial metallurgical review,” Mark Major said.
The drilling program is expected to be complete within four weeks.
Additionally, the Krakatoa team said it plans to take on additional reconnaissance drilling of other highly prospective REE targets once a more portable rig becomes available. The company will also require regulatory permits and access passes to make this plan feasible.
The program will include drilling of downslope areas of the hard capped breakaways, like the DEW area, where the company believes the REE mineralisation is closer to surface.
Krakatoa Resources last traded at 5.3 cents on June 21.