Krakatoa Resources Ltd. (AU:KTA) has released an update.
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Krakatoa Resources Ltd. has successfully completed Phase 2 drilling at the King Tamba Project, uncovering significant lithium and other mineralization, including a pegmatite body open to expansion. The company has also progressed in evaluating the Mt Clere Project with extensive mapping and sampling, identifying several new pegmatite outcrops. Meanwhile, ongoing land access negotiations are taking place for the New South Wales Projects, and the company maintains a cash reserve of $1.596M.
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