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Krakatoa Resources Limited (ASX:KTA)

ALERT: Price-sensitive ASX Announcement for KTA
Current share price for KTA : $0.006 0.001 (9.09%)+
Announcement
Release
10 Jul 2026 9:15AM
Price at Release
$0.006
Full Release
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Summary
Krakatoa Resources Limited has reported significant progress in their 2026 drilling activities at the Zopkhito Antimony-Gold Project in Georgia. The initial drilling results have confirmed historical vein models and demonstrated the continuity of antimony mineralisation, crucial for a JORC-compliant Mineral Resource Estimate. Two surface diamond drill holes and four underground holes have been completed, targeting known antimony and gold mineralised veins. The exploration program aims to convert current foreign resource estimates to JORC standards. Krakatoa holds an option to acquire up to 80% of the project. Further drilling, bulk sampling, and metallurgical testing are planned to expand resource estimates and validate high-grade results. The project supports Europe's critical mineral supply chains. Assays are pending, and more updates are expected throughout 2026.
Key Points
  • Multiple zones of significant visual antimony identified.
  • Two diamond drill holes and four underground holes completed.
  • Drilling targets known mineralised veins for antimony and gold.
  • 2026 exploration program aims for JORC-compliant resource estimate.
  • Krakatoa Resources holds option for up to 80% interest in the project.
  • Antimony-Gold Project located in Georgia, Caucasus region.
  • Initial drilling shows 2.86m interval with visible antimony mineralisation.
  • Plans for additional sampling and metallurgical testing in 2026.
  • Zopkhito project supports Europe’s diversified mineral supply chains.
  • Assays for current drilling are pending.
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.