- Krakatoa Resources has restarted phase 2 drilling at the King Tamba lithium project in WA
- To date 27 out of a planned 49 holes for 6,000m program have been completed
- Drilling is testing a high-grade lithium in soil anomaly
Special Report: Krakatoa Resources has resumed its Phase 2 pegmatite exploration drilling at the ex-tantalum mine King Tamba in WA.
The project was once seen as a tantalum project – and even a rubidium play following the identification of a 5Mt resource grading 0.14% Rb – yet further exploration work has since proven the project’s lithium credits are worth chasing.
King Tamba contains a 3km-long mineralised corridor with high, elevated soil samples of lithium, caesium, tantalum, rubidium and niobium.
Krakatoa Resources’ (ASX:KTA) 49-hole, 6,000m Phase 2 drilling is delving underneath the soil anomaly to prove up the endowment.
Chasing thick pegmatites
Work carried out in December saw 27 RC drillholes for just under 4,000m completed on the project, and returned significant pegmatite intersections from multiple drillholes with thick intersections up to 39m in width downhole.
KTA says the pegmatites showed variable proportions of quartz, feldspar and mica, along with traces of accessory minerals such as fluorite and tourmaline in places – all the hallmarks of fractionated igneous rocks associated with lithium-caesium-tantalum (LCT) pegmatites.
The exploration team is now back on site to restart drilling, with 22 RC holes for 2,000m to be completed over the three southernmost drill lines.
The company expects the program to be complete within 14 days.
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.