BUZZ-Krakatoa Resources hits 3-wk high on rare earth find at Western Australia tenement

Reuters05-02

** Shares of Australia's Krakatoa Resources rise as much as 100% to A$0.022, their highest level since April 11

** Stock posts its biggest intraday pct gain since April 11

** Mineral explorer posts stream & soil sampling results for Mt Clare tenement located in north-western margins of Yilgarn Craton in Western Australia (WA)

** Stream sediment & soil sampling resulted in identification of significant niobium (Nb) and rare earth element $(REE)$ anomalous catchment area - KTA

** 37.8 mln shares change hands as of 0256 GMT, vs 30-day average volume of about 3 mln shares

** Stock down 69.4% YTD as of last close

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))

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