Krakatoa Resources Limited (ASX:KTA) is a diverse critical and precious metal company that is making metal discoveries for electrification, decarbonisation and defence applications.
Mt Clere: High Value Ionic Magnetic Rare Earths
In April 2022, KTA announced a major ionic clay hosted REE discovery at its Mt Clere property that is situated on the northern margins of the Yilgarn Craton in Western Australia. Resource drilling will ensue asap.
Heavy Mineral sands
According to previous explorers in including BHP (that were looking for diamonds 30 years ago), Mt Clere also contains vast alluvial fields of heavy mineral sands containing zircon, ilmenite, rutile, leucoxene, and monazite. Maiden reconnaissance drilling carried out in April.
In April, results of a VTEM survey identified several sizable discreet, late time geophysical signatures akin to Nova Bollinger and Julimar which were discovered on the south eastern margins of the Yilgarn Craton. KTA’s Mt Clere is located on the northern margins of same craton. Ground “moving loop” completed in April. Interpretations pending.
Dalga Tech & Critical Metals Project
Also in Western Australia, resource drilling will commence on KTA’s critical and tech metal project for Rubidium, Lithium, Tin, Tantalum and Niobium at and around a previous tantalum mine at Dalgaranga near Mt Magnet.
HELMSDALE INVESTMENTS PTY LTD – 6.07%
MR LAFRAS LUITINGH – 5.45%
PETERS INVESTMENTS PTY LTD – 4.35%
CITICORP NOMINEES PTY LIMITED – 1.61%
NATIONAL NOMINEES LIMITED – 1.31%
Management Ownership – 5%