Australia's Krakatoa Resources jumps on striking high-grade rubidium at WA project
12/10/2022 01:07
** Shares of Krakatoa Resources KTA.AX climb as much as
6.3% to A$0.068, eyeing their best day since Oct. 6
** Mineral explorer says it has intersected high-grade
rubidium at its King Tamba project in Western Australia
urn:newsml:reuters.com:*:nASX8tj6qY
** Says multiple broad zones of rubidium mineralisation were
identified across the project, with intersections of 70 metres
at 0.23% rubidium oxide from 82 metres downhole
** Says plans to undertake structural geology modelling &
mineral deportment work at project, before finalising a maiden
mineral resource estimate later this quarter
** KTA up 30.6% YTD, as of last close
(Reporting by Riya Sharma in Bengaluru)
((Riya.Sharma@thomsonreuters.com;))