Both maiden drilling for rare earth and a first heliborne pass surveying nickel-copper-platinum group element targets have been completed at Krakatoa’s Mt Clere project in Western Australia.
The project, incorporating over 2300 square kilometres of highly prospective exploration licenses at the north-western margins of the Yilgarn Graton, has been focused on Mt Clere’s known potential with its agile exploration approach yielding dividends during an intensive exploration schedule through much of the year.
Not being the only rare find for Krakatoa, it recently announced the discovery of significant and unexpected intersections of clay-hosted rare earth during an analysis of its Rand gold project in New South Wales.
The company said exploring various commodities was a fulfilling experience.
“We have completed our first pass VTEM geophysical survey, which provides a direct detection method to identify nickel, copper and PGE-bearing sulphides,” chief executive Mark Major said.
“As well as reconnaissance drill testing over several regolith profiles to test for clay hosted REE’s and heavy mineral sands.”
“This is an exciting time for Krakatoa and its shareholders.”
As the company keenly awaits, drilling and survey results planning is underway for ground exploration over generated targets as a critical focus for the new year.
KTA’s Australian Stock Exchange-listed price is trading at 4.8c (9:04 am UTC+8 hours)