‘It’s time to take an aggressive approach’ as Krakatoa adds another 6000m of lithium drilling at King Tamba
Special Report: Lithium explorer Krakatoa Resources is more than tripling its 16-hole, 1,800m RC drilling campaign up to 6,000m at King Tamba.
King Tamba’s Dalgaranga open pit historically mined 6,434kg of tantalum between 2001-2003 and numerous tin, tantalum and niobium workings had been documented at the time.
It’s since been pegged as a rubidium deposit, where Krakatoa Resources (ASX:KTA) defined a maiden resource of 5Mt @ 0.14% rubidium with lithium credits back in March this year, however subsequent exploration indicated that lithium at the 42km2 project is prospective in its own right.
However, subsequent exploration indicated there is additional lithium prospectivity at the 42km2 project in WA’s Dalgaranga region.
KTA has since zeroed in on three target areas – the MGM, Loader and Wilsons prospects – the last of which has a defined mineralised area of 1.3km x 500m with 250m of continuous outcrop.
The RC drill started spinning after rock chip assays returned from the Wilsons prospect and showed further high-grade lithium hits of up to 4.3% Li2O.
KTA then discovered a continuous and up to 39m thick pegmatite underneath those sampled rock chips, so KTA, for the third time, extended its maiden RC drilling campaign – increasing the initial 1,200m program up to 6,000m.
KTA exec chair Colin Locke says that previous drilling had covered a mere fraction of the 3km LCT corridor.
“It’s time to take an aggressive approach and carry out comprehensive drill testing of the high grade anomalous soil zone,” Locke says.
“The planned drilling will cover the entirety of the high-grade soil anomaly on a roughly 200m x 50m basis, down to an average depth of 140m.
“Once complete, we believe the source of widespread anomalous lithium in soils will become clear.”
Drill site preparation and logistical planning has already started, with the intention to commence drilling in early December, led by Topdrill.
This article was developed in collaboration with Krakatoa Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.