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KTA - KRAKATOA RESOURCES LIMITED


omegaoil
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Krakatoa Resources Ltd (KTA) is a sister company to WMN which has smashed it of late....and should get some momentum on the back of the big WMN move..

 

Krakatoa Resources Ltd was incorporated on January 19 2012 for the purposes of identifying exploration projects in Indonesia and internationally, and discovering commercially viable mineral deposits.

 

Due to its Indonesian constituents, the management team is regularly introduced to gold, copper, iron ore, coal and base metal projects.

 

KTA is also aggressively pursuing all projects that have economic potential.

 

On November 20 2013, Krakatoa announced that the exploration licence covering its 80pc-owned Donggala Project had been extended by the Regency of Donggala until April 8 2016.

 

On December 10 2013, Krakatoa signed a share purchase and sale agreement with PT Sitasa Resources to acquire 99.8pc of the issued shares of PT Bina Citra Sawita, which holds a 100pc interest in Izin Usaha Pertambangan Eksplorasi No 540/23/IUP/DESDM/Bup-2010, dated July 7 2010, issued by the Regent of South Solok.

 

PT Sitasa Resources, is a holding company for the Sitasa Group of Companies, a well-established and highly successful explorer and miner with a track record of success in Indonesian resource projects.

 

Specifically, Sitasa Group is one of Indonesia's largest high-grade iron ore producers.

 

Krakatoa will gain exclusive access to Sitasa Group's pipeline of iron ore projects over the next two years

 

One to watch also imo :biggrin:

 

 

 

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from the homepage

https://www.sharecafe.com.au/2020/07/01/sha...n-lachlan-fold/

When you’re hunting an elephant, it pays to keep an eye on the rest of the country around you – you never know what you might miss.

 

Explorer Krakatoa Resources has kept its eyes open, and now has a second project just as promising – if not more so – than its “elephant,†the potential deep porphyry copper/gold system it appears to have at the Belgravia prospect, in the prolific Lachlan Fold belt in New South Wales.

 

About 50 kilometres east of the Belgravia Project is Krakatoa’s wholly owned Turon Project, which it was granted in February following a licence application, in a beautifully non-dilutive deal for shareholders. The Turon Project covers an area of 120 square kilometres in the Hill End Trough area of the Lachlan Fold Belt, a ground package liberally sprinkled with historical workings that centred on high-grade gold mineralisation.....

 

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Sp living up to its name.... are you going to do another DEG Nipper ?

MC still looks cheap for where they are, so much going on in Lachlan Ford beltKeep an eye on ERM, currently drilling at Kiola about 100km south of Cadia, not as cheap as KTA but

you have to factor in what they already have at Tennant Creek.First drilling report from Kiola says visible copper sulphides.

 

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KTA definitely going off with a bang. ....3c to 6c in just a few days, but coming off a bit today.

 

I even had it in a tipping competition, elsewhere, a few month ago. But did I buy any? NO !! :(

But sometimes the buy and sell response can come from too much manipulative info leaking to media. Not saying its a pump n dump, but with speccies taking care is a good approach.

 

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