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Highlights
Krakatoa Resources initiates drilling at Mt Clere’s Stone Tank Nb-REE targets
WA government backs program through Exploration Incentive Scheme
Targets aligned with broader push for critical minerals including rare earths and niobium
Krakatoa Resources Ltd (ASX:KTA), listed on the ASX 300, has commenced a new diamond drilling program at its wholly owned Mt Clere Project in Western Australia. The exploration effort targets rare earth elements and niobium-bearing systems in the Stone Tank Prospect area, supported by state government funding under the Exploration Incentive Scheme.
The drilling campaign marks a renewed focus on the company's critical mineral strategy across high-priority anomalies, reinforcing its position within Australia's emerging rare earth and battery metals landscape.
Focus on Jagger and Richards Gravity Targets
Drilling has commenced at two key locations: the Jagger and Richards gravity anomalies. These geophysical features are located within the Stone Tank Prospect and are believed by the company to represent dense, possibly intrusive geological structures. The Jagger anomaly is associated with magnetic features, while Richards aligns with structural trends, lacking magnetism but exhibiting strong gravity signals.
Both anomalies are being tested through separate diamond drill holes, with Krakatoa aiming to determine the presence of carbonatite systems, which are known globally as significant hosts of rare earths and niobium.
WA Government Support via Exploration Incentive Scheme
Krakatoa’s drilling program is partly funded through the Western Australian government’s Exploration Incentive Scheme. This initiative is designed to encourage exploration across underexplored regions of the state. The grant was secured to assist with de-risking early-stage drilling at the Mt Clere Project, which is situated on the north-western edge of the Yilgarn Craton.
The region has been drawing increased interest due to its geological profile, with previous fieldwork identifying pegmatites indicative of lithium and associated critical minerals. Krakatoa has flagged Mt Clere as having geological features supportive of large-scale mineralised systems.
Carbonatite System as Exploration Target
The company’s geophysical modelling indicates that the gravity anomalies at Jagger and Richards may reflect the lateral extent of a buried carbonatite system. These types of alkaline intrusions are globally recognised for hosting high concentrations of critical metals including rare earths and niobium.
Krakatoa’s exploration methodology integrates gravity, magnetic, and electromagnetic datasets to refine its targets. The outcomes from this drilling program are expected to provide further insight into the mineral system architecture and guide future work across the broader project area.
Broader Exploration Footprint and Critical Mineral Exposure
While attention turns to Mt Clere, Krakatoa continues to progress other projects including the Zopkhito antimony-gold asset in Georgia and the King Tamba project in Western Australia. The diversified project portfolio spans key commodities such as niobium, rare earths, lithium, antimony, and gold, aligning with global efforts to enhance supply chain security in energy-transition materials.
