Krakatoa Resources Samples Niobium, Rare Earth At Mt Clere

Krakatoa Resources Ltd (ASX: KTA) is upbeat after identifying niobium and REE (rare earth element) mineralisation from an infill soil sampling program.

The results are from Krakatoa’s new Stone Tank target at the Mt Clere Project in the Yilgarn Craton of Western Australia.

Read: Krakatoa Resources Uncovers Niobium and Rare Earth Potential at Mt Clere; Shares See Positive Re-Rating

Soil geochemistry

Soil samples were collected over the Stone Tank and Bullbadger prospect areas in late 2023.

A second follow-up phase was completed in May after the initial survey showed positive results.

The results show several zones of enriched known carbonatite pathfinder element (niobium-REE-titanium-phosphorus) signatures.

Next steps

The results from both sampling phases have delineated zones of higher enrichment paving the way for additional infill sampling.

Going forward, Krakatoa will complete additional soil sampling work over the larger surrounding target catchment area.

The company has engaged with a geophysical contractor to undertake an initial ground-based gravity geophysical survey.

This, along with the help of the geochemical data, will assist with defining areas to be targeted for possible drill testing.

Krakatoa held around $1.6 million in cash at the end of March 2024.

 

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