Krakatoa Resources says the smart money wants in on the stock
November 10, 2023 at 04:16 am IST
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Krakatoa Resources Ltd (ASX:KTA) chair Colin Locke speaks with Proactive soon after announcing the company has completed a reverse circulation (RC) drilling program testing lithium-caesium-tantalum (LCT) prospective pegmatites at the former King Tamba tantalum mine. A total of 16 holes were drilled beneath high-grade lithium oxide rock samples, with 1,806 metres completed over seven days. Of the 16 holes, 13 intersected pegmatites with consistent intersections of flat-lying pegmatite logged from 70 metres deep.
Krakatoa Resources Limited (KTA) are committed to the acquisition and value addition of mineral and energy projects with a focus on high value metals.
Krakatoa’s mission is to emerge into a prominent electrical energy, precious metal and critical elements producer. The board is committed to significantly increasing shareholder value by aggressively, acquiring and developing projects containing gold, copper and critical elements essential for technology and defence applications.
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Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Krakatoa Resources Limited is an Australia-based company, which is engaged in the mineral exploration and evaluation of acquisition opportunities. Its projects include Mt Clere Rare Earth Project, King Tamba Speciality Metals Project, Belgravia Porphyry Project, Turon Gold Project, Rand Gold Project and Mac Well Project. The Mt Clere Rare Earth Project is located approximately 200 kilometers (km) northwest of Meekatharra. Belgravia Porphyry Project is located in the central division of the Molong Volcanic Belt (MVB) and covers an area of over 80 square kilometers (km2) located in the tier 1 mining jurisdiction of the Lachlan Fold Belt, New South Wales, Australia. The Turon Project covers 120 km2 and is positioned approximately 50km east of the Companyâs Belgravia Project and 60km northeast of Newcrest Miningâs Cadia Valley Mine in the central tableland region, NSW. The Rand Gold Project covers a substantial area of 580 km2 in the Central Lachlan Fold Belt, New South Wales.