2022 Krakatoa reported a JORC compliant resource of 101Mt @...

1. 2022 Krakatoa reported a JORC compliant resource of 101Mt @ 840ppm TREO at their Tower prospect (ASX:KTA 21 November 2022). The eastern limit of the resource is truncated by the Dingo Pass tenement boundary, with remote sensing and radiometric data suggesting the REE mineralisation is likely to continue into the Dingo Pass Project (Figure 1)
   
   840ppm TREO at the Tower prospect would be higher than a JORC compliant resource estimation at DM1's prospects but it's not high enough. What this ann really tells us is that even the extension of of current drilled prospects is also non commercial.
   It really is looking like DM1 has found a large clay based REE deposit that is simply too low grade to be commercial,
   The nickel and PGE are interesting but just a tease,
   Very disappoint8ing ann imo.
   
   My Opinion DTOR