Krakatoa Resources (ASX: $KTA) March 2024 Quarterly Activities Report

Krakatoa Resources Limited (ASX: $KTA) has released its Quarterly Activities Report for March 2024, highlighting the completion of Phase 2 drilling at the King Tamba project. The company's capital structure consists of 472,107,220 fully paid shares, and its directors are Colin Locke, David Palumbo, and Timothy Hogan. Krakatoa Resources reported cash on hand at the end of the quarter to be $1.596M, with half yearly accounts released on 8 March 2024.

Executive Commentary on King Tamba Project

The Phase 2 drilling program at the King Tamba project has provided encouraging results, with significant mineralised intersections identified. The multi-element assay results revealed enrichments in lithium, caesium, rubidium, tantalum, niobium, and other minerals. These findings indicate the potential for an updated and expanded resource model based on the new data from the 2023/24 drilling. The company remains optimistic about the prospects of the King Tamba project and is committed to further exploration and evaluation activities.

Summary of March 2024 Quarterly Activities

Krakatoa Resources' March 2024 Quarterly Activities Report showcases the completion of Phase 2 drilling at the King Tamba project, revealing significant mineralised intersections and open pegmatite. The company also reviewed field data and geochemical assay data from the Mt Clere project, discovering numerous areas of interest. Additionally, assay results from the Turon project and land access negotiations at the Rand Project are ongoing. With $1.596M cash on hand, the company continues to focus on exploration and evaluation activities, aiming to capitalize on the potential of its projects. Krakatoa Resources remains committed to providing updates on its progress and further developments in its exploration endeavors.