Krakatoa Resources Limited updated the market on the exploration activities and resource drilling assays at its 100% owned King Tamba critical metals project located approximately 70km from Mt Magnet, WA. The Company drilled thirty-two RC drillholes for a total of 3045m during May and June 2022. The program targeted a suite of mineralized pegmatites which are enriched in rubidium, tantalum, caesium, niobium and lithium and was designed to infill existing drilling to a nominal 40 x 40m spacing to allow calculation of a maiden mineral resource. Rubidium was the primary target of the drilling with previous work having returned highly anomalous values over a large areal extent. Initial observations during drilling were positive with wide intervals of consistent pegmatite regularly intersected. The Company has now received around 40% of the laboratory assay results (553 of 1416 samples). The
thickness of the intersections, combined with the continuity of mineralised units in geological modelling is very promising. We now have a robust model showing a series of stacked sub-horizontal pegmatites plunging gently to the southwest. The thickest and highest tenor Rubidium intersections such as those from DAL005 and DAL018 have come from a newly modelled pegmatite directly below the existing known occurrences, which presents an excellent exploration opportunity to return to previously drilled areas and add significant
tonnes and grade at depth. The continuous nature of high grade rubidium can been seen in Figure 3 where the detailed individual metre results along with the corresponding geological chip samples are shown. The majority of these intersections are pegmatite hosted as expected, however three instances have been noted where metasedimentary rocks have returned Rubidium assays in excess of the threshold, including the very high-grade result from DAL002. Further work is now underway to study these intersections in-depth and determine the geological controls on sediment-hosted mineralisation as this may unlock significant value within the project.