Krucible is a successful new mineral discovery company listed on the Australian Stock Exchange as KRB.ASX

Krucible discovered PHOSPHATE, RARE EARTHS, COPPER-GOLD in the richly mineralised region south of Mt Isa in Queensland Australia!

Krucible's high grade phosphate at Korella, is next door to IPL's integrated phosphate mine and mill at Phosphate Hill.

Korella's Inferred mineral resource of 5.0 million metric tonnes @ 30.8% P2O5 [phosphate] was announced in September 2009.

Krucible applied for a mining lease at Korella as a result of a positive Scoping Study. Study indicated an NPV of $83M for the Project at a discounted hurdle rate of 15% and $US /$A rate of <0.90. The proposed Australian Government Mineral Resource Rent Tax MRRT will not impact on the profitability of Korella phosphate in its present form.

Recent reappraisal of Korella shows a valuable Rare Earth [Yttrium] enriched layer overlying the high grade Phosphate. Metallurgical test work is in progress to assess its viability as a direct shipping product.

In 2010, Krucible discovered extensive copper mineralisation outcropping on Pilgrim EPM 15072 near Mt Isa. Subsequent scout drilling intersected narrow, high grade copper sulphides in strongly altered iron oxide breccias. Planned deeper drilling will test for an IOCG orebody Krucible also discovered primary copper sulphides at Garnet, near BHPB's Cannington Mine, while testing a discrete magnetic anomaly.

Krucible is among the first to explore the Diamantina Orogen in the NW Simpson Desert & discovered copper, gold & bismuth in outcrops at Toomba! Drill results include 3 m @ 2.4% copper and minor gold. Krucible is also among the first to explore west of Mt Isa. Contiguous EPMAs provide the opportunity to investigate basement rocks under the shallow cover of barren sediments. Aeromagnetic surveys reveal the trends prospective for basemetals.

Krucible has identified several more drill targets for Copper-gold orebodies!