Australia's Krakatoa Resources jumps on identifying multiple conductors at WA project

Krakatoa Resources

25/01/2022 03:06

** Mineral explorer Krakatoa Resources  KTA.AX  climbs as
much as 15.4% to A$0.06, marking best intraday pct jump since
Dec. 8
    ** Co says it has identified multiple conductors at its Mt
Clere rare earth project, north of the Yilgarn Graton in Western
Australia  urn:newsml:reuters.com:*:nASXcDgM5 
    ** Says out of 52 targets, 20 high priority targets were
defined, which have potential to host significant massive
sulphide mineralisation
    ** KTA says it will now undertake a survey to define
conductor plates & surface geochemical outcrops for drill target
selection
    ** Stock up 6.1% YTD, as of last close 
    


 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))