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Krakatoa Resources Limited (ASX:KTA)

ALERT: Price-sensitive ASX Announcement for KTA
Current share price for KTA : $0.006 -0.005 (-45.45%)+
Announcement
Release
11 Dec 2025 9:26AM
Price at Release
$0.011
Full Release
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Summary
Krakatoa Resources Limited has announced the completion of its first drilling program at the Zopkhito Antimony-Gold Project in Georgia. The drilling has confirmed further visual stibnite (antimony) mineralisation across both underground adit and surface diamond holes, which reinforces the project's potential as a strategic asset in Europe's critical minerals supply chain. The company has successfully secured a 12-month extension on the option period, allowing additional time for resource definition and advancing transactions. Initial assay results are expected by early 2026, which will aid in converting the current foreign resource estimate to a JORC-compliant Mineral Resource. The project is strategically important as it provides rare exposure to high-grade antimony and gold, aligning with European market demands and geopolitical priorities.
Key Points
  • Successful completion of the first drilling program at Zopkhito.
  • Confirmation of visual stibnite mineralisation in 16 of 18 adit holes and 12 of 15 surface holes.
  • Extension of option period by 12 months for resource definition.
  • Pending assay results expected in late 2025 to early 2026.
  • Positioning Zopkhito as a strategic asset in Europe's critical minerals supply chain.
  • Zopkhito hosts high-grade antimony and gold resources with potential strategic value.
  • Drilling programs to continue in 2026 to further expand and define resources.
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.