- Krakatoa Resources has been progressing well with the exploration program across its project portfolio.
- KTA has recently initiated an IP survey across its Rand project and is on track to undertake additional activities across the project portfolio.
- KTA has also made changes to its technical team and has onboarded highly experienced personnel to lead the Company forward.
The recent announcements from Krakatoa Resources Limited (ASX:KTA) have highlighted the all-round advancement that the Company is making to achieve its objectives. KTA is an exploration company, focused on gold through three projects, located in the globally-renowned Lachlan Fold Belt in New South Wales.
Lately, the Company has witnessed significant progress on every front, including exploration, expanding the tenements, as well as leadership team building.
IMPORTANT DISCUSSION AT: Jackpot! Will this be a turning point for Krakatoa Resources? Co Granted Historic Rand Gold Project
KTA Walks Out of a Busy December Quarter
The three wholly owned projects, Belgravia Project, Turon Project, and Rand Project have undergone notable exploration work. KTA’s exploration efforts have helped to produce encouraging results, which are strengthening the Company’s understanding of the area and are also forming a base for further exploration programs.
Location of Magnetic Bullseye Targets (Source: ASX Announcement 19 January 2021)
KTA had successfully concluded several activities across its project portfolio in the quarter ended 31 December 2021.
DETAILED DISCUSSION AT: Krakatoa Resources (ASX:KTA) Closes A Rocking December Quarter
IP Survey Initiated at Rand Project
Now, the Company looks forward to undertaking various drilling and other activities in the ongoing quarter and the upcoming one. Moreover, the Company has already initiated high-resolution induced polarisation (IP) surveys at its bullseye priority targets. This program was initiated subsequent to the finalisation of a highly successful detailed aeromagnetic survey over the Rand project.
Over the majority of the Bulgandra Goldfield area, KTA looks forward to implementing broad mapping, rock and soil geochemical surveys in the coming times.
DETAILED DISCUSSION AT: Exciting Bullseye Gold Targets, Krakatoa Resources (ASX:KTA) Prioritises Rand
Additions to the Leadership Team
Further, the Company had also fortified its technical team by appointing highly experienced geologist to the role of Exploration Manager. KTA appointed Mr Erik Conaghan to drive its projects ahead and assist the Company in the advancement of its exploration efforts.
Overall, KTA is looking to deliver on its strategy to develop its projects and capitalise on their potential.
Exploration Activities Planned Across Project Portfolio
Furthermore, the Company looks forward to surveying, sampling, and mapping accessible underground workings, and intends to constantly map the area and review further known historical mined systems at the Turon Gold Project.
Over the prospects like Bell Valley and Sugarloaf areas at Belgravia Project, KTA intends to consider the viability of conducting an IP survey to locate zones of sulphide mineralisation. The Company is presently progressing with further exploration, such as mapping across areas where it has been granted land access.
KTA exploration licence and applications within the Narryer Terrane (Source: ASX Announcement 29/01/2021)
At the Mt Clere Project, KTA has been discussing heritage agreements with corresponding native title parties, and now anticipates initiating field activities upon securing approval for 2019 exploration licence applications and approval for statutory programs of works by the regulators.
On 11 February 2021, KTA share price was noted at $0.067, with a market capitalisation of $18.13 million.