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Krakatoa Resources Limited (ASX:KTA)

ALERT: Price-sensitive ASX Announcement for KTA
Current share price for KTA : $0.007 0.003 (75%)+
Announcement
Release
6 Jul 2026 9:04AM
Price at Release
$0.004
Full Release
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Summary
Krakatoa Resources Limited has announced a successful placement raising $1.6 million to fund its 2026 exploration program at the Zopkhito Antimony-Gold Project. The placement involves issuing 400 million new shares at $0.004 each, with every four shares accompanied by a free attaching option exercisable at $0.01, expiring on 29 September 2028. This funding will support resource definition drilling, underground sampling, metallurgical optimization, and preliminary mining studies at Zopkhito, aiming to convert the existing foreign resource estimate into a JORC 2012 compliant estimate. This program marks the second year of exploration at the site, which possesses a significant foreign resource estimate of antimony and gold.
Key Points
  • Krakatoa Resources raises $1.6 million through placement.
  • 400 million new shares issued at $0.004 each.
  • Free attaching option for every four shares, exercisable at $0.01.
  • Funds to support 2026 exploration at the Zopkhito Antimony-Gold Project.
  • Focus on resource definition drilling and metallurgical optimization.
  • Aims to convert foreign resource estimate to JORC 2012 compliance.
  • Second season of exploration at Zopkhito.
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.