- Krakatoa Resources (KTA) identifies widespread pegmatites at its Mt Clere project in Western Australia
- The company is carrying out an extensive reconnaissance mapping, soil and rock sampling program and stream sampling over the northern area of the project area
- Pegmatites could be prospective for LCT and NYF mineralisation plus REE
- The northern Mt Clere tenements have seen no previous lithium exploration and limited rare earth exploration
- Krakatoa is up 3.45 per cent, trading at 3 cents at 11:15 am AEST
Krakatoa Resources (KTA) has identified widespread pegmatites at its Mt Clere project in Western Australia.
The company is conducting an extensive reconnaissance mapping, soil and rock sampling program, as well as stream sampling over the northern area of the project.
Krakatoa has uncovered various pegmatite outcrops, ranging from one metre up to 40 metres wide, with strike extensions exceeding 200 metres.
The company believes these pegmatites could hold potential for lithium-caesium-tantalum (LCT) and niobium-yttrium-fluorine (NYF) mineralisation, as well as rare earth elements (REE).
Spanning over 2400 square kilometres, Krakatoa’s Mt Clere project’s northern tenements have seen no prior lithium exploration and limited exploration for REE.
KTA’s Mt Clere project boasts one of the largest clay-hosted REE resources in Western Australia. The Tower deposit alone holds a mineral resource estimate of 101 million tonnes at 840 parts per million total rare earth oxides.
Krakatoa was up 3.45 per cent, trading at 3 cents at 11:15 am AEST.