Krakatoa Resources Limited has announced the commencement of a two-hole, approximately 1,000‐meter diamond drilling program at its Mt Clere Project in Western Australia. The drilling, occurring at the Stone Tank Prospect, is focused on two gravity targets designated as Jagger and Richards. Each hole, planned to extend around 500 meters, has been designed to test high-density gravity anomalies that are interpreted as potential intrusive bodies or alteration signatures related to a carbonatite intrusive system. The program is partially supported by a grant of AUD 220,000 from the Western Australian Government’s Exploration Incentive Scheme. In addition to this funding milestone, the company’s capital structure remains robust with over 756 million fully paid shares in circulation, along with performance rights and options totaling another 100 million units. Company executives have highlighted that the Jagger target exhibits a coincident magnetic high anomaly, whereas Richards is associated with a distinct structural feature and limited magnetic expression. These technical indicators suggest that the targets could represent extensive mineralized systems worthy of further investigation. From a sentiment perspective, bullish market participants may view this development as a positive step in advancing the company’s exploration portfolio. The drilling program’s focus on high-priority targets, supported by government funding and robust survey data, underlines the potential for significant findings that could enhance the prospect of discovering critical mineral systems. Conversely, bearish sentiment might arise from the inherent risks associated with early-stage exploration. The drilling is still in its initial phase and success is not guaranteed, meaning that investors should remain cautious and mindful of the uncertainties and forward-looking nature of the project.