Krakatoa Resources Ltd (ASX:KTA) chairman Colin Locke tells Proactive the company has received firm commitments to raise $1.6 million through a share placement to advance an expanded drilling campaign at the wholly-owned King Tamba Project in Western Australia. Locke says now’s the time to take an aggressive approach in the search for lithium after an initial 1,800-metre reverse circulation drilling program intersected thick, continuous pegmatites, including a flat-lying blind pegmatite up to 39 metres thick underneath a 4.3% Li2O rock chip at the Wilsons prospect.
Krakatoa back drilling King Tamba next week after $1.6 million raise
