• 2-hole, ~1,000m diamond drilling program commenced at Mt Clere Project, WA
• Drilling to focus on Jagger and Richards targets within Stone Tank Nb-REE Prospect
• Drilling partially funded by $220,000 EIS grant from Western Australian Government

Krakatoa Resources Limited (ASX: KTA) has announced the commencement of a 2-hole, ~1,000m diamond drilling program at the Stone Tank Prospect, located within the Company's 100%-owned Mt Clere Project in Western Australia. The drilling program will focus on the Jagger and Richards Targets within the Stone Tank Nb-REE Prospect, where the Company has previously identified high-density gravity anomalies. Each ~500m drill hole is designed to test these intense gravity bodies. The Jagger and Richards gravity targets are believed to broadly define the lateral extent of a possible carbonatite intrusive system. Both targets are interpreted as shallow potential intrusive bodies or alteration signatures associated with an intrusive system, such as carbonatite hosted critical mineral alkaline systems. The drilling program at Stone Tank is partially funded through the $220,000 grant Krakatoa received from the Western Australian Government as part of the State's Exploration Incentive Scheme (EIS).

The drilling program is expected to take several weeks, and the company looks forward to keeping shareholders up to date as they progress.