{"id":2699,"date":"2023-12-05T01:06:30","date_gmt":"2023-12-05T01:06:30","guid":{"rendered":"https:\/\/economicherald.net\/?p=2699"},"modified":"2023-12-05T01:06:30","modified_gmt":"2023-12-05T01:06:30","slug":"krakatoa-revs-up-the-drill-bit-to-test-high-grade-lithium-potential-at-king-tamba","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=2699","title":{"rendered":"Krakatoa revs up the drill bit to test high-grade lithium potential at King Tamba"},"content":{"rendered":"

A 6,000m Phase 2 drilling campaign has started at King Tamba, north-west of Mount Magnet in WA
\nThe program will be following up a recently identified continuous thick pegmatite of up to 30m below a series of high-grade rock chips such as 4.3% Li2O
\nDrilling will take place over the December 2023 and January 2024 <\/p>\n

\u00a0<\/p>\n

Special Report<\/em>: Phase 2 drilling has kicked off at Krakatoa\u2019s King Tamba project in WA\u2019s Mid West region after the company hit a connected pegmatite running underneath three key prospects carrying high-grade lithium at surface. <\/strong>\u00a0<\/strong><\/p>\n

Krakatoa Resources (ASX:KTA)<\/a> was once seen a rubidium play following the identification of a 5Mt resource grading 0.14% rubidium at King Tamba, but further exploration work has since proven the project\u2019s lithium credits are worth chasing.<\/p>\n

A 16-hole for 1,806m reverse circulation (RC) campaign in November discovered pegmatites up to 39m thick below the 4.3% lithium rock chip at the targeted Wilsons prospect, which has a mineralised area of 1.3km by 500m.<\/p>\n

Of these 16 holes, 13 intersected pegmatites. This included a significant pegmatite with thickness up to 39m from a depth of \u00a070m, underlying the full extent of the target area.<\/p>\n

Investors responded positively to the news, with KTA\u2019s shares surging some 31% in early morning trade.<\/p>\n

\u00a0<\/p>\n

6,000m RC drilling takes off <\/strong><\/h2>\n

The results have led to the expansion of drilling with a 6,000m RC program for 45-50 holes to test the full extent of high-grade lithium in soil anomalies within a 500m by 1.3km halo.<\/p>\n

Drill rig operations at King Tamba. Pic via Krakatoa Resources<\/p>\n

KTA says the drilling campaign will be carried out over the course of December 2023 and January 2024 with a small break during the festive season.<\/p>\n

Samples will be taken and submitted to a laboratory in Perth.<\/p>\n

\u00a0<\/p>\n

\u2018Tip of the iceberg\u2019 <\/strong><\/h2>\n

\u201cThis drilling campaign may just be the tip of the iceberg,\u201d KTA executive chair Colin Locke tells Stockhead<\/em><\/a>.<\/p>\n

\u201cKing Tamba contains a 3km mineralised corridor with very high elevated soil samples of lithium, caesium, tantalum, rubidium and niobium.<\/p>\n

\u201cWe\u2019re excited to finally be drilling underneath this massive soil anomaly.\u201d<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with Krakatoa Resources, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n

\u00a0<\/em><\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post Krakatoa revs up the drill bit to test high-grade lithium potential at King Tamba<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

A 6,000m Phase 2 drilling campaign has started at King Tamba, north-west of Mount Magnet in WA The program will be following up a recently [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":2700,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nKrakatoa revs up the drill bit to test high-grade lithium potential at King Tamba - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=2699\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Krakatoa revs up the drill bit to test high-grade lithium potential at King Tamba - 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