Mt Clere
REE and Au
Project Overview
The highly prospective Mt Clere Project is located on the northwestern margins of the Yilgarn Craton, 200km northwest of Meekatharra, Western Australia.
Mt Clere contains multiple targets, prospective for REE, base metal and precious metal mineralisation systems.
Historical exploration by BHP Minerals and subsequently by Astro Mining in the 1990s confirmed the presence of heavily enriched monazite sands.
Location of Krakatoa Mt Clere exploration licences within the Yilgarn Craton, Western Australia.
Current exploration tenements held by the Company at the Mt Clere area showing prospects and the Tower mineral resource estimate location.
Discovery Opportunities
Mt Clere demonstrates considerable potential for REE, base and precious metals.
Tower REE Project
Tower Project is one of the biggest clay hosted REE resource in Australia with excellent growth upside.
Discovered in 2022 by Krakatoa, the Tower clay hosted REE deposit, which hosts a JORC compliant resource of 101Mt @ 801ppm TREO1, is a key focus for the Company.
In 2025, Krakatoa submitted applications for two additional exploration licenses (previously known as Dingo Pass REE Prospect) which once granted, will extend the Tower deposit more than 9km to the east. Processing studies for the clay-hosted rare earth elements are planned and Krakatoa aims to conduct shallow drilling to expand the Tower MRE to the east once the new tenements are granted.
Location of E52/4498 (under application) and the Tower deposit (Resource) showing the extensive size of the additional Dingo Pass prospect opportunity.
40% of the existing Mineral Resource estimate has been classified in an Indicated category. Significantly, the existing resource has the potential to substantially grow in size and scale as the Mineral Resource estimate only incorporates 20% of the identified Exploration Target drilled to date.
An Exploration Target2 has been released for the Tower area of 57 – 481MT at 530-1050ppm TREO.
Krakatoa achieved excellent metallurgical recoveries on the critical key rare earth elements Neodymium (Nd) and Praseodymium (Pr) of up to 64% and 61% respectively using simple extraction techniques. These initial recovery rates compare favourably with other globally significant clay hosted REE projects.
1. Mineral Resources reported at a cut-off grade of 300 ppm TREO-CeO2 2. Exploration target is reported as a range. The potential quantity and grade of the Exploration Target is conceptual in nature and is therefore an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource, Further details of the estimations assumptions and input parameters is presented in ASX Announcement 21 November 2022.