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Krakatoa Resources Limited (ASX:KTA)

ALERT: Price-sensitive ASX Announcement for KTA
Current share price for KTA : $0.005 -0.001 (-16.67%)+
Announcement
Release
23 Jul 2026 9:19AM
Price at Release
$0.006
Full Release
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Summary
Krakatoa Resources Limited has provided an update on its 2026 drilling and development activities at the Zopkhito Antimony-Gold Project in Georgia. The project is advancing well, with resource definition drilling two months ahead of the previous year's schedule. An extensive drilling program, including surface and underground operations, is underway, aiming to validate historical data and prepare for a maiden JORC-compliant mineral resource estimate. The project holds a significant Foreign Resource Estimate of antimony and gold, and Krakatoa continues to progress towards converting these estimates to JORC standards. Multiple technical programs are running concurrently to support these goals, and the first assay results are expected soon. The project is seen as strategically important for contributing to a secure, diversified supply of critical minerals in Europe.
Key Points
  • Resource definition drilling in Zopkhito is advancing, with the 2026 drilling program ahead of the 2025 schedule.
  • Four surface diamond drill holes and 13 underground holes have been completed.
  • Surface drilling now operates on a 24-hour, two-shift system, with similar plans for underground operations.
  • Initial drill core has been logged and sampled; assays are being transported to Türkiye for analysis.
  • Metallurgical bulk sampling and environmental baseline studies are set to commence soon.
  • The Zopkhito project covers 1,779 hectares, under a mining license valid until 2042, with Krakatoa holding an option for an 80% interest.
  • Zopkhito hosts a Foreign Resource Estimate containing 26,000 tonnes of antimony and 815,119 ounces of gold.
  • Objectives include validating historical high-grade results and expanding drilling coverage.
  • Krakatoa is aiming to convert foreign resource estimates to JORC-compliant mineral 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.