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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 (7.69%)+
Announcement
Release
30 Jul 2026 11:24AM
Price at Release
$0.007
Full Release
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Summary
Krakatoa Resources Limited's quarterly report for the period ending 30 June 2026 highlights significant progress in the Zopkhito Antimony-Gold Project, with resource definition drilling initiated and substantial stibnite mineralisation observed. The company restructured its earn-in agreement, allowing for up to an 80% interest in the project, and secured $1.6 million through a placement to fund ongoing exploration and development. The cash on hand at the end of the quarter was $0.74 million. The Appendix 5B Cash Flow Report indicates a net cash outflow of $608K from operating activities, primarily due to exploration and evaluation expenses. No mining production or development activities occurred during the quarter.
Key Points
  • Resource definition drilling commenced at Zopkhito Project.
  • Multiple zones of visual stibnite mineralisation identified.
  • $1.6 million raised via placement to fund exploration and mining studies.
  • Option to acquire up to 80% interest in Zopkhito Project.
  • Cash on hand at end of quarter: $0.74 million.
  • Payments for exploration & evaluation: $397K.
  • No mining production and development activities during the quarter.
  • Appendix 5B Cash Flow Report highlights net cash used in operating activities: ($608K).
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.