News

Krucible announced on 5 September 2014 that drilling of approximately 2,500 metres at Toomba EPM 15367 was beginning in the same week. Drilling is planned on previously untested targets as well as the Champ prospect where indications of further copper and base metal mineralisation are expected. Results are expected to be announced in November. Also, on the 8 September 2014, Krucible received national coverage in the Australian Newspaper for the Company’s innovative foray into the rare earths market, with plans to avoid the mistakes made by others in that sector, particularly by developing low cost processing technology so that the final product from Krucible can be profitable at today’s rare earth prices. Krucible announced that it is currently seeking a strategic partner to develop its rare earths south of Mt Isa, and is currently in talks with several parties here and overseas.

Krucible’s June 2014 Quarterly Report.  Krucible’s quarterly activity report and financial statement was released on 31 July 2014 highlighting the recent acceleration of exploration activity at Coorabulka and Valroy which has indicated a wider zone of REE enrichment than previously known, and the ramp up of exploration at the Toomba and Tobermorey tenements where aerial surveying, spinifex sampling, and additional ground sampling has been done to identify new drill targets that are now ready for drilling. The report detailed activity at the new Big Toby Creek and Flemington Fault tenements west of Mt Isa, and the sampling at Cowie Mag and Tertiary in the Cannington area.

The associated Appendix 5B emphasised that Krucible holds approximately $11m in cash, about half in high interest bearing term deposit and about half in short term deposits to allow funds withdrawal for exploration activities.

Krucible was pleased to provide its current three-point strategy of exploration, commercialising previous discoveries and M&A plans. Read the full report at: http://kruciblemetals.com.au/quarterly-reports/

 

Krucible is a successful and financially secure junior resources company with an enviable history of discovery in phosphorus and heavy rare earth elements plus a proven ability to commercialise its discoveries. Listed on Australia’s main stock exchange since 2007, Krucible continues to explore for precious metals, base metals and strategic metals like strontium and rare earths, and is transitioning to be a combined exploration and mining company. Krucible has plans and expectations to ultimately enter joint ventures to develop mines on tenements in the mineral rich Mount Isa area of north western Queensland and elsewhere and has accelerated its exploration of established and greenfield tenements. Krucible has a very strong industry-based board and management, promoting aggressive value-added mining projects and strategies.