KTA - Krakatoa Resources

[mullokintyre]

got my 0.003 cents and then some.
Out at 0.076.
Don't know what the rise is for today, most other things in the red, but I will take the profit and run.
Will make up for the losses I took on 3DA.
Mick

 

[Sean K]

got my 0.003 cents and then some.
Out at 0.076.
Don't know what the rise is for today, most other things in the red, but I will take the profit and run.
Will make up for the losses I took on 3DA.
Mick

Well done. I made about $5 on the breakout trade. Didn't follow through as liked.

Forming a nice little flag/pennant thingy now. Potential break up play perhaps.

 

[Sean K]

Forming a nice little flag/pennant thingy now. Potential break up play perhaps.

Seems to have followed through on that potential. Wasn't watching close enough on Friday arvo and missed it...

 

[mullokintyre]

Might be time to have another crack at KTA.
Bit of momentum building, they announced that the driling of two cores has completed.
Might be worth a punt on good core analysis.
mick

 

[Dona Ferentes]

It used to be , in the old days, that no matter what the geologists were out there searching for, that they "should always look for gold". That's how Boddington was revealed.

Now it seems the pattern is to go back over the drill cuttings and look for anything, especially the harder to find well-dispersed Lithium, PGE and RE stuff. Rule #1; don't throw out any samples.

Krakatoa is pleased to announce the discovery of ionic type rare earth elements at the Rand project, NSW. The Company initially reported encouraging assay results for a large Intrusive Related Gold System from the maiden aircore drilling program at the Rand Bullseye Magnetic targets in June 2021 (see ASX Announcement 30 June 2021), The Bullseye targets are located 2.5 kilometres northeast of Rand township within EL9000 in the NSW Riverina district.

Krakatoa’s CEO Mark Major commented

“We are excited with the recent rare earth element reconnaissance assay results. The review on the initial assay results identified anomalous REEs within the multi-element program on many of the AC samples. As such a more detailed investigation was required to ascertain the significance of this find.

"We can now report we have identified significant levels of rare earth elements within the regolith profile of the bullseyes area; both within the metasediments and over the intrusives. We are still very early in this investigation and can only speculate on the origins of the rare earths, but it is clear they have concentrated in the clay rich saprolite zones above the intrusives as well as within the metasediments surrounding these.

 

[mullokintyre]

Market obviously liked it.
Up 18% on the open.
Mick

 

[mullokintyre]

KTA put one of those announcements for the sake of an announcement.

Highly successful VTEM survey identifies multiple conductors at Mt Clere  Interpretation of 1,966-line kilometre Versatile Time-domain Electro-Magnetic (VTEM) survey results is complete  Identification of 20 strong discrete late time high priority targets along regional structural trends highly prospective for Julimar type discoveries  Processing of the high priority targets has delineated: o localised focal clusters of discrete priority targets congregating within a central area, and o multiple discrete priority targets clustered along extensive structural lineaments  Planning and approvals process underway for ground EM and future drilling over priority targets

Meaningless until the prove it with a bit of drilling.
To fill it out and make it look really technical, they added all the techy bits about the survey Transmitter.

The data was collected using the following VTEMTM
Max system specification:  Transmitter - Transmitter loop diameter: 34.6 m 
Effective Transmitter loop area: 3761 m2 
Number of turns: 4 
Transmitter base frequency: 25 Hz 
Peak current: 172.4 A – Pulse width: 7.36 ms 
Wave form shape: trapezoid – Pea
k dipole moment: 648,394 nIA 
Average transmitter-receiver loop terrain clearance: 35 metres 
Receiver X Coil diameter: 0.32 m 
Number of turns: 245 
Effective coil area: 19.69 m2 
Y-Coil diameter: 0.32 m 
Number of turns: 245 
Effective coil area: 19.69 m2 
Z-Coil diameter: 1.2 m 
Number of turns: 100 
Effective coil area: 113.04 m2

Knowing that give the whole thing even more importance.
Mick the Cynic

 

[Sean K]

This sounds interesting. Must be very good results. Or, they're just ramping it.

 

[Sean K]

Sounds like high TREO with key elements Nd, Pr, Dy, Tb included, but not sure of how high those values are comparatively. Any TREO experts out there? Not sure what a good ppm on NdPr is. One of their drill hole table below and ann here.

 

[mullokintyre]

Crikey, up 45% after the announcement.
Thats is far too good a profit to ignore, so I will take it and exit.
May go back in once the Euphoria has died down.
Mick

 

[mullokintyre]

Well, I left a fair bit on the table.
Still going up.
Now 11 , some 87% above yesterdays price.
Been on a steady climb since the march low of .04 so obviously a few folks in the know been getting on it.
Mick

 

[Sean K]

Well, I left a fair bit on the table.
Still going up.
Now 11 , some 87% above yesterdays price.
Been on a steady climb since the march low of .04 so obviously a few folks in the know been getting on it.
Mick

Selling is the hardest thing to get 100% right. Better to lock in the profit most of the time I think. Depends on your trading style and plans I suppose. Will be interesting to see how this goes longer term. Looks very, very frothy at the moment.

 

[mullokintyre]

Another trading halt today, but this time for a cap raising.
Depending on the standard company propensity to screw existing shareholders in the hope of attracting new ones, I may get a chance to buy back in if the price comes in at .09.
Mick

 

[Dona Ferentes]

Another trading halt today, but this time for a cap raising.

And in a TH , but this time ....
pending the announcement of a material exploration target at the 100% owned Mt Clere REE Project.

 

[peter2]

KTA, my "kracker" selection for the Oct comp. You've all had your chance. Save the weeping and gnashing of teeth until the end of Oct.

KTA has drilled their REE proj and may expect results in Oct. Now they've mentioned seeing Li pegmatites on their property. Price spiked.
KTA has the double barreled chance to shine in Oct, REE and Li. Nice target at 0.125 if they go boom.

 

[peter2]

The old Krakatoa didn't erupt last month so I'm sticking with it for another one. Price remains in it's sideways range between 0.06 - 0.07.

 

[debtfree]

Krakatoa formally expands known REE mineralisation at Mt. Clere to over 8km of target area ​

Krakatoa formally expands known REE mineralisation at Mt. Clere to over 8km of target area

Company to explore untested areas at Mt. Clere in 2023; right now, it's working on a maiden JORC

www.marketindex.com.au

 

[Garpal Gumnut]

I'm watching KTA.

It could be a runner @peter2

gg

 

[peter2]

KTA delivers maiden mineral resource estimate at Tower rare earth deposit of 101MT @840ppm TREO.

The news failed to generate much demand but it represents progress in the development of the RE project.

 

[Dona Ferentes]

looks like KTA blew its top a year ago;

Will current and future work be enough to restore anything like a recovery? Probably not, for a while at least:

MT CLERE EXPLORATION UPDATE
• 2023 to focus on systematic exploration with key objectives to expand the current REE resource and continue to make new discoveries
• Tower deposit boasts a Mineral Resource estimate (MRE) of 101MT @ 840ppm TREO, with only 20% of landholding explored to date
• Results from reconnaissance auger drilling program south of Tower deposit returned positive REE grades from surface potentially expanding the reach of the Tower MRE
• Natural Gamma Survey results from an area immediately west of ‘Tower West’ provides a compelling drill target to expand the Tower MRE
• Historical data and recent exploration work have identified and supports large scale potential for carbonatite hard rock REE bodies across the large Mt Clere landholding
• High conductance EM targets have been successfully drill-tested with discovery of REE enriched felsic granitoid.