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Krakatoa Resources Limited (ASX:KTA)

ALERT: Price-sensitive ASX Announcement for KTA
Current share price for KTA : $0.007 0.001 (16.67%)+
Announcement
Release
15 Jun 2026 9:48AM
Price at Release
$0.006
Full Release
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Summary
Krakatoa Resources Limited is preparing to restart drilling at the Zopkhito antimony-gold project in Georgia, building on successful 2025 drilling results that confirmed high-grade mineralization. The project, which covers 1,779 hectares under an exploration-mining license valid until 2042, holds a Foreign Resource Estimate of 225,000 tonnes at 11.6% antimony and 7.1 million tonnes at 3.7 grams per tonne of gold. The company has secured a two-year extension for exploration activities and plans to focus on resource definition drilling, metallurgical optimization, and preliminary mining studies to progress toward a JORC-compliant Mineral Resource Estimate. Drilling activities are expected to commence soon to support future project advancement.
Key Points
  • 2026 field season preparations are nearing completion.
  • Georgian Prime Minister signed a decree for a 2-year exploration extension.
  • 2025 drilling confirmed high-grade antimony and gold beyond historical workings.
  • 2026 program to focus on resource definition and preliminary mining studies.
  • Plans to support JORC-compliant Mineral Resource Estimate development.
  • Surface and underground drilling activities are expected to begin soon.
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.