Overview of Krakatoa Resources' latest announcement

Krakatoa Resources Limited (ASX: $KTA) has announced the confirmation of multi-element hits at King Tamba, with significant intersections of lithium, caesium, tantalum, and rubidium mineralisation. The assay results from the reverse circulation (RC) drilling have revealed multiple LCT pegmatites underlying the soil anomaly, with notable intersections such as 17m @ 0.24% Li20 from 90m (DAL061) and 6m @ 0.25% Li2O from 4m (DAL086). The mineralised pegmatites remain open to the west, indicating potential for further exploration and development. The company may also seek to update and expand the resource model using the new data from the 2023/24 drilling.

Executive commentary on the assay results

The Company is pleased to report the positive assay results from the RC drilling at King Tamba. The identification of multiple LCT pegmatites and the significant intersections of lithium, caesium, tantalum, and rubidium mineralisation demonstrate the potential of the project. We are encouraged by the high tantalum, niobium, and rubidium zone intersected in drill hole DAL096, which remains open to the west, indicating the possibility of further mineralisation. The collaboration with Topdrill, who provided $600,000 in drilling equity, has been instrumental in advancing our exploration efforts. We remain committed to maximizing the potential of the King Tamba project and look forward to further developments.

Summary of Krakatoa Resources' assay results and future plans

Krakatoa Resources' assay results from the RC drilling at King Tamba have confirmed the presence of multiple LCT pegmatites and significant intersections of lithium, caesium, tantalum, and rubidium mineralisation. The mineralised pegmatites remain open to the west, presenting opportunities for further exploration and potential resource expansion. The company's collaboration with Topdrill has provided valuable support for the drilling program. With an existing JORC 2012 inferred mineral resource estimate and the potential to update and expand the resource model using the new data, Krakatoa Resources is poised to capitalize on the findings. The positive assay results underscore the company's commitment to advancing its exploration activities and maximizing the value of the King Tamba project.