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KTA - KRAKATOA RESOURCES LIMITED


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there seems to be a change of focus, towards Rare Earth elements. Mt Clere may be showing some good RTEO numbers but these are stream samples, and the next step is to prove up that the clays are ionic .... bearing REEs.. Need a drilling program.

 

The presentation is worth a few minutes.

 

 

Meantime , still has a low Market Cap around $20 million.

 

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Major Developments at Dalgaranga Critical Metals Project, WA

 

ï‚· Successful ballot win significantly expands Dalgaranga project

ï‚· Project highly prospective for Tantalum, Lithium, Niobium, Tungsten, Tin, and Rubidium

ï‚· Recent geophysical targeting has identified over 30 areas of interest, including abundant pegmatites

 

The Company was granted an additional exploration license E 59/2389 in June and was recently first drawn in a ballot over numerous graticular blocks within the application of exploration license 59/2503. Both areas significantly expand the exploration potential around the historic Dalgaranga tantalum mine including the known (previously mapped) pegmatite swarms to the south.

The Company recognised the projects potential back in 2016 when it acquired the initial Dalgaranga asset which is known to have significant remnant material outside the historical shallow pit and discovered the presence of other critical metals. Since then, we have been securing additional ground which is all prospective.

We now have a perfect storm. The Rubidium market is currently selling at around $1.4 million per tonne; tin, lithium and niobium have all increased significantly in price over the last 5 years and tantalum is still holding strong. Mix this with the Dalgaranga pegmatites having some of the highest, if not highest rubidium grade material in Australia, shareholders are set to be substantially rewarded.

 

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with the new focus on Rare Earths (Mt Clere) the company is going back over old cuttings

Krakatoa is pleased to announce the discovery of ionic type rare earth elements at the Rand project, NSW. The Company initially reported encouraging assay results for a large Intrusive Related Gold System from the maiden aircore drilling program at the Rand Bullseye Magnetic targets in June 2021 (see ASX Announcement 30 June 2021), The Bullseye targets are located 2.5 kilometres northeast of Rand township within EL9000 in the NSW Riverina district.

Krakatoa CEO Mark Major commented

We are excited with the recent rare earth element reconnaissance assay results. The review on the initial assay results identified anomalous REEs within the multi-element program on many of the AC samples. As such a more detailed investigation was required to ascertain the significance of this find.
We can now report we have identified significant levels of rare earth elements within the regolith profile of the bullseyes area; both within the metasediments and over the intrusives. We are still very early in this investigation and can only speculate on the origins of the rare earths, but it is clear they have concentrated in the clay rich saprolite zones above the intrusives as well as within the metasediments surrounding these.
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