InterestingFrom Stock H This morningKTA placed in the ‘box...

Interesting

From Stock H This morning

KTA placed in the ‘box seat’For others in the game, such as rare earths explorer Krakatoa Resources (ASX:KTA), Iluka’s Eneabba refinery represents a meaningful option.Previous explorers, namely BHP, have commented on “extraordinary high monazite” over Krakatoa’s area of interest at Dew on the Northern margins of the Yilgarn Craton in Western Australia.“The good news for KTA shareholders is not only do we have iron absorption clay REES that we can process, we also have a facility down the coast where we can potentially sell our monazite to,” KTA chairman Colin Locke said.“We haven’t officially made the discovery yet but BHP and other explorers have commented on the high-grade nature of the monazite when they were looking for diamonds around 30 years ago.“They called it ‘abundant monazite’ which means up to 50% monazite and could provide another potential revenue source assuming there is a resource there.”Plans are in place to get rigs out on the Dew site this year in hopes to make a monazite discovery, Locke says.“Why haven’t we done it before? Well because this plant wasn’t planned, but now that the plant is set to come online in 2025, that couldn’t be better timing for Krakatoa, assuming we make the discovery, which I believe we will.“It pus us in the box seat – by that time we would expect to have a fairly significant resource.”