Krakatoa Starts 1,000m Diamond Drilling Targeting High-Gravity Anomalies
Krakatoa Resources has initiated a pivotal two-hole diamond drilling program at its Stone Tank Nb-REE Prospect in Western Australia, targeting significant gravity anomalies that may reveal valuable rare earth mineralisation.
- Commencement of ~1,000m, two-hole diamond drilling at Stone Tank Prospect
- Focus on Jagger and Richards gravity targets linked to potential carbonatite intrusions
- Drilling partially funded by $220,000 WA Government Exploration Incentive Scheme grant
- Targets represent extensive, high-density gravity anomalies over 1km in length
- Program aims to test shallow intrusive bodies associated with rare earth elements
Drilling Begins at Strategic Rare Earth Prospect
Krakatoa Resources Limited (ASX – KTA) has officially commenced a significant diamond drilling campaign at its 100%-owned Mt Clere Project in Western Australia. The program targets the Stone Tank Nb-REE Prospect, focusing on two key gravity anomalies known as the Jagger and Richards targets. Each drill hole is planned to reach approximately 500 metres, aiming to probe the intense gravity bodies that suggest the presence of rare earth element mineralisation.
Exploring Potential Carbonatite Intrusions
The Jagger and Richards targets are interpreted as shallow intrusive bodies, possibly carbonatite systems, which are known hosts for critical minerals including niobium and rare earth elements. Jagger is notable for its coincident magnetic high anomaly, while Richards aligns with a structural feature but shows limited magnetism. These geological signatures have positioned the Stone Tank Prospect as a compelling exploration target within the Yilgarn Craton margin.
Government Support and Strategic Funding
This drilling initiative benefits from partial funding through a $220,000 grant awarded by the Western Australian Government’s Exploration Incentive Scheme (EIS). The grant underscores the strategic importance of the Stone Tank project and supports Krakatoa’s efforts to advance exploration in a region with promising mineral potential. Executive Chairman Colin Locke expressed optimism about the program’s prospects and committed to keeping shareholders informed as drilling progresses.
Implications for Rare Earth Element Supply
Rare earth elements are critical to emerging technologies and clean energy solutions, making discoveries in this sector particularly valuable. Krakatoa’s targeted drilling at Stone Tank could unlock new sources of these strategic minerals, potentially enhancing the company’s position in the competitive rare earth market. While assay results are pending, the geological indicators and government backing provide a positive backdrop for the project’s advancement.
Looking Ahead
The drilling program is expected to take several weeks, with results eagerly awaited by investors and industry watchers. Success at Stone Tank could catalyse further exploration and development activities, positioning Krakatoa Resources as a notable player in the rare earth element space.
Bottom Line?
As drilling unfolds, Krakatoa’s Stone Tank prospect could soon reveal critical insights that shape its rare earth future.
Questions in the middle?
- What initial assay results will reveal about the grade and extent of rare earth mineralisation?
- Could the Stone Tank targets lead to a significant resource upgrade or new discovery?
- How will Krakatoa leverage government funding to accelerate further exploration?
