Krakatoa Resources said 27 out of 49 drill holes had been completed at the ex-tantalum mine King Tamba, which intersected with pegmatites at up to 39m downhole width.

75% of the completed drill holes reached the pegmatites. The program tested 30% of the broader 3km lithium corridor.

Further drilling is planned to recommence in the second week of January 2024.

Two batches of drilling samples, containing 788 samples, have been completed and are now awaiting preparation for assay.