Krakatoa Resources Ltd (ASX:KTA) is on a winning streak at its King Tamba Project, 80 kilometres northwest of Mount Magnet in Western Australia's Mid-West, with the further discovery of lithium up to 2.92% Li2O.
The newly-discovered Loader prospect, defined from the second phase of King Tamba’s extensive rock sampling program, is 125 metres southeast of the Wilsons Prospect, where rock chips sampled earlier this month returned up to 4.3% Li2O.
But that’s not all, the exploration company has also unearthed a new train of greisen-altered pegmatite float about 150 metres north of Wilsons, where a single line of soil sampling at the newly-named MGM Prospect returned a multi-element LCT anomaly over multiple samples.
The samples are now undergoing a more rigorous analysis.
Map showing location of Loader and MGM, alongside Wilsons.
Other metals too
At this stage, Krakatoa is unclear which minerals are hosting the lithium mineralisation at Loader, Wilsons and the surrounding areas where rock chip samples have been taken.
Several of the pegmatite samples had a light-green tinge, which may be due to the presence of cookeite, a lithium-bearing chlorite mineral, and small amounts of a purple crystalline mineral, possibly the spodumene variety kunzite.
The company has started work to determine the exact mineralogy and lithium deportment within these samples.
In the meantime, additional rock chips taken from around the remnant open pit showed high-grade tantalum and significant niobium, with a peak assay of 2,387 parts per million tantalum oxide.
Photos of mica dominant greisen rock samples taken from Loader.
Significant development
“More encouraging results continue to highlight the prospectivity of the new Wilsons and Loaders high-grade lithium rock chip discoveries with a potential third discovery at MGM,” Krakatoa chief executive officer Mark Major said.
“Having mineralised pegmatite systems repeated within ‘a stone’s throw’ of each other is a favourable key aspect when considering a suitable tonnage development opportunity.”
Next up
Krakatoa has begun preparations to drill-test the lithium potential of King Tamba below surface.
A program of works has been submitted and approved by the WA Department of Mines.
The company is in the midst of securing heritage approvals, while discussions with drilling contractors are also underway.