Krakatoa Resources (ASX:KTA) underwent a rationalisation of the Mt Clere Project in Western Australia, resulting in reducing the landholding to focus more on rare earths, base metal and precious metal mineralisation systems.
A key focus for Mt Clere going forward is the Tower clay-hosted rare earths deposit, discovered by the company in 2021. The deposit currently has a resource of 101 million tonnes @ 801 parts per million total rare earth oxide.
During the second half of 2025, Krakatoa submitted applications for two additional exploration licences. Once granted, the additional land will extend Tower by more than 9km to the east.
Krakatoa, which has a market capitalisation of $10.7 million, is planning to conduct processing studies for the clay-hosted rare earths and is assessing opportunities to undertake shallow drilling. Drilling will aim to expand Tower’s resource estimate to the east once the two licences are granted.
This news comes after a two-hole drilling program was completed at the Stone Tank prospect in H2 2025. The company subsequently selected 45 samples to undergo multi-elemental analysis at the ALS laboratory in Perth.
No significant results were found and Krakatoa does not plan on conducting additional work at Stone Tank at this stage.
The Mt Clere Project is located on the northwestern margins of the Yilgarn Craton of Western Australia. The project contains multiple targets including rare earths and thorium in enriched monazite sands.
Krakatoa Resources is a mineral explorer focused on critical minerals discoveries.
Write to Aaliyah Rogan at Mining.com.au
Images: Krakatoa Resources
