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Krakatoa Resources Ltd (KTA)

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A Deep Dive profile provides ASX listed companies with an opportunity to tell their story in plain English.

Company Deep Dive

Krakatoa Resources Limited (KTA) are committed to the acquisition and value addition of mineral and energy projects with a focus on high value metals.

Krakatoa’s mission is to emerge into a prominent electrical energy, precious metal and critical elements producer. The board is committed to significantly increasing shareholder value by aggressively, acquiring and developing projects containing gold, copper and critical elements essential for technology and defence applications.

Highlights

Diversified portfolio of future metal focused projects including REE, Ni-PGE, Cu and Au

On the verge of potential major discoveries after 18 months of defining exploration

Safe jurisdictions, close to known mineralised camps and world class discoveries

Systematic yet aggressive exploration within geology with synergies to major discoveries

All projects are 100% owned by Krakatoa

Showcase your ASX company to 500k+ investors

See Corporate Services

People

Board and Management

Colin Locke

Executive Chairman

Mr Locke has 30 years’ experience in business management, mining and financial services. From 1984 to 1993, Mr Locke worked in the mining industry processing base and precious metals. During this time, he traded resource stocks and international futures contracts.

Profile

Colin Locke

Executive Chairman

Mr Locke has 30 years’ experience in business management, mining and financial services. From 1984 to 1993, Mr Locke worked in the mining industry processing base and precious metals. During this time, he traded resource stocks and international futures contracts.

In 1993, Mr Locke joined an Australian commodity broking firm as an Investment Advisor and became a Director in 1994. In 1998 Mr Locke founded the boutique Australian Financial Services firm, CK Locke & Partners where he held the role of Managing Director from 1999 until 2010.

In 2007 Mr Locke acted as Corporate Advisor during the acquisition process for the Mayoko iron ore project in the Republic of Congo that was subsequently taken over in 2010 for ~ AUD 50mi and later on sold for over 300mi.

From 2008 to 2015, Mr Locke focused on natural resources exploration thought the Indonesian archipelago and founded Western Mining Network Ltd, (now European Cobalt, EUC) where he held the role of Executive Director from 2010 until 2012.

In 2015, Mr Locke became Executive Chairman of Krakatoa Resources Limited, a position he currently holds.

During his career, Mr Locke has been directly involved in capital raisings, and/or mineral exploration expeditions in Indonesia, Russia, Republic of Congo, Garbon, Namibia, Malawi, Madagascar, Uganda and Zimbabwe.

Accordingly, Mr Locke brings to stake holders a mining related background with business management, capital markets and international exploration success spanning over 30 years.

Timothy Hogan

Non-Executive Director

Mr Hogan has approximately 25 years’ experience in the stockbroking industry in Australia, initially as a founding private client advisor at Hogan and Partners. Mr Hogan has provided corporate and execution services for a wide variety of corporate and private clients.

Profile

Timothy Hogan

Non-Executive Director

Mr Hogan has approximately 25 years’ experience in the stockbroking industry in Australia, initially as a founding private client advisor at Hogan and Partners. Mr Hogan has provided corporate and execution services for a wide variety of corporate and private clients. Mr Hogan is currently a Director of Barclay Wells Limited, a boutique advisory firm that specialises in Australian resource stocks, and has assisted many companies from their initial raising and flotation on the ASX through to production. Mr Hogan brings extensive experience and a wide range of contacts that benefits the company.

David Palumbo

Non-Executive Director

Mr Palumbo is a Chartered Accountant and graduate of the Australian Institute of Company Directors with over fourteen years’ experience across company secretarial, corporate advisory and financial management and reporting of ASX listed companies.

Profile

David Palumbo

Non-Executive Director

Mr Palumbo is a Chartered Accountant and graduate of the Australian Institute of Company Directors with over fourteen years’ experience across company secretarial, corporate advisory and financial management and reporting of ASX listed companies. Mr Palumbo is Head of Corporate Compliance at Mining Corporate Pty Ltd, where he has been actively involved in numerous corporate transactions. Mr Palumbo has recently become Krakatoa's principal corporate advisor, leading the identification and acquisition of both the Mt Clere Rare Earth Project and Belgravia Porphyry Project.

Mr Palumbo is currently company secretary for several ASX listed companies and a non-executive director of Kaiser Reef Limited.

Mark Major

CEO

Mr Major has more than 25 years of international mineral exploration and development experience ranging from grassroots programs to mine development and has extensive experience working with corporate transactions, project acquisitions and project generation

Profile

Mark Major

CEO

Mr Major has more than 25 years of international mineral exploration and development experience ranging from grassroots programs to mine development and has extensive experience working with corporate transactions, project acquisitions and project generation. He has previous held Managing Director, Country Manager, senior operational management roles and been a technical consultant for various private and listed companies throughout his professional career. Mr Major has been involved with a many major and junior level companies having worked for Barrick, BHP, Glencore, Rio Tinto, WMC and various successful junior and mid-level resource companies.

He has extensive experience within Australia and internationally, worked in various countries though out South America, Asia and Africa. Mr. Major holds a degree in geology from Ballarat University and an MBA from La Trobe University. He is a Member of the AUSIMM.

Projects

NSW Projects

Belgravia Porphyry Project

In late 2019, the company acquired a 100% interest in EL 8153 being the Belgravia Project covering an area of 80km² (Figure 1) located in the tier 1 mining jurisdiction of the Lachlan Fold Belt, New South Wales, Australia. The project lies 7km east from the town of Molong and around 20km NE of the major regional centre of Orange, providing excellent road, rail, power, gas and water infrastructure.  Terrain covering the Project is mostly undulating and mainly consists of open grazing land, providing excellent access. The Bell River passes through the northern and eastern parts of the licence.

Geologists have concluded that Belgravia is highly prospective for:

  • Porphyry Cu-Au;

  • Associated skarn Cu-Au;

  • Orogenic Au; and,

  • VMS-Au mineralization

There are currently seven initial Cu‐Au targets for immediate consideration by the Company:

  • Bell Valley (Copper Hill NE)

  • Larras Lake

  • Guanna Hill

  • Sugarloaf Creek

  • Shades Creek

  • Strathmore

  • Nandillyan

Turon Gold Project

Krakatoa was granted the Turon Project in the East Lachlan Fold Belt, NSW, following direct licence application in February 2020. Both Alkane Resources Limited and Freeport McMoran Exploration Australia Pty Ltd have pegged large landholdings near Turon.

The Turon area has been the site of significant alluvial and hard rock gold production, dominantly in the 19th Century.  The area contains four main groups of historical mineral occurrences. These being the Quartz Ridge group, Turondale Group, Millah Murrah group and the Dam Creek group.

The major gold domains are located in the two separate dominant north-trending reef systems of the Quartz Ridge and Turondale Groups; comprising numerous workings and quartz reefs that strike over 1.4km and 2.4km respectively.

Rand Gold Project

The Rand Gold project, covers a substantial area of 580km2 in the central lachlan fold belt, new south wales and is 100% owned by Krakatoa resources. Highlights from aeromagnetic survey (Nov 2020) :

  • an 8km length of previously unrecognised NE-trending magnetic lineaments, associated with the prospective gold locations at Bulgandry;

  • a cluster of magnetic anomalies northwest of the Bulgandry historical workings (which includes several mines that produced gold at very high grades, up to 265g/t gold);

  • the possible alignment of palaeochannels (“deep leads”) with mineralisation controlling basement structures; and

  • a 40km structural corridor that transects mineralised Silurian and Devonian granite and Ordovician sediments, mostly obscured by colluvium and underexplored

WA Projects

Mt Clere Project

The Highly prospective Mt Clere project is located in the northwestern margins of the yilgarn craton, gascoyne region of Western Australia. the project is considered prospective for three rare earth element (ree) deposit styles heavy mineral sands hosted zircon-ilmenite-rutile-leucoxene; and gold and intrusion hosted ni-cu-(co)-(pges).

  • The Project comprises 8 tenement applications covering an area of nearly 1,800km², located approximately 200km northwest of Meekatharra.

  • Historical exploration by BHP Minerals and subsequently by Astro Mining in the 1990s confirmed the presence of heavily enriched monazite sands almost 30 years ago.

  • The Project contains multiple targets, including REE and thorium in enriched monazite sands, REE ion adsorption on clays within the widely preserved deeply weathered lateritic profiles and lastly REE occurring in plausible carbonatites associated with alkaline magmatism.

Dalgaranga Project

The Dalgaranga critical metals project is located 80km north-west of mount magnet in Western Australia and lies within the Dalgaranga greenstone belt.

The Project contains the Dalgaranga Open Pit where historical open pit production of 6,434kg of Ta2O5 occurred between 2001-2003 and numerous tin, tantalum and niobium workings have been documented.

The Dalgaranga Greenstone Belt is about 50km long and up to 20km wide and contains gold mineralisation (Dalgaranga gold mine), a zinc deposit (Lasoda), graphite deposits, and occurrences of tantalum, beryllium, tin, tungsten, lithium and molybdenum related to pegmatites.

The current project comprises 5 granted tenements (E59/2389, P59/2082, 2140, 2141 and 2142) with a one under application (E59/2503). Collectively they cover approximately 43 km2.

Key Milestones

Historical Milestones

Maiden Drilling Completed for Regolith REES & Heavy Minerals
VTEM for Ni-Cu-(Co)-(PGEs) now completed with 20 discrete late time targets interpreted
Granting of the new extensive land position is complete – reconnaissance drilling planning and permitting in progress

Future Milestones

Complete ground geophysics followed by reconnaissance drilling program in 2022
Advancing the Bulgandry IRGS soil anomalies

Resources

March Quarterly Activities Report

29 Apr 2022 | Report
PDF (1748.6 KB)

Investor Presentation

30 Mar 2022 | Report
PDF (7623.1 KB)

Half Yearly Report

15 Mar 2022 | report
PDF (1911.8 KB)

December Quarterly Activities Report

31 Jan 2022
PDF (2309.4 KB)

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