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Krakatoa Resources Limited (ASX:KTA)

ALERT: Price-sensitive ASX Announcement for KTA
Current share price for KTA : $0.007 -0.007 (-50%)+
Announcement
Release
30 Oct 2025 6:58PM
Price at Release
$0.014
Full Release
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Summary
Krakatoa Resources Limited's quarterly report for the period ending 30 September 2025 highlights significant exploration activities, primarily focusing on the Zopkhito Antimony-Gold Project in Georgia. The company commenced a major drilling campaign aimed at converting historical resource estimates into JORC-compliant resources, capitalizing on Georgia's strategic mineral reserves. Additionally, Krakatoa expanded its rare earth exploration at the Mt Clere Project in Western Australia. Financially, the company secured $3.1 million through placements and maintained cash reserves of $1.753 million. Proceeds from the sale of the Belgravia Project for $350,000 will fund further exploration and operational activities. The report includes a detailed Appendix 5B cash flow statement, reflecting the company's expenditure on exploration and financing activities.
Key Points
  • Exploration at Zopkhito Antimony-Gold Project with a 7,000-10,000m drilling campaign.
  • First assay results expected in Q4 2025 from samples sent to a Turkish laboratory.
  • Expansion of rare earth exploration area at Mt Clere Project.
  • Firm commitments to raise $3.1 million through placements.
  • Cash on hand was $1.753 million at the end of the quarter.
  • Belgravia Project divested for $350,000 to fund exploration.
  • Detailed Appendix 5B cash flow report included.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.