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Krakatoa Resources Limited (ASX:KTA)

ALERT: Price-sensitive ASX Announcement for KTA
Current share price for KTA : $0.007 0 (0%)+
Announcement
Release
7 Aug 2026 9:20AM
Price at Release
$0.007
Full Release
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Summary
Krakatoa Resources Limited has announced a strategic placement to raise approximately $2.4 million, which will fund the initial 10% acquisition of the Zopkhito Antimony-Gold Project. This placement involves issuing 400,000,000 new shares at $0.006 each and is supported by a significant $1.8 million investment from a private Hong Kong entity. The proceeds will not only secure the initial project ownership but also advance the 2026 development program, including resource definition drilling, metallurgical tests, and preliminary mining studies. The goal is to eventually increase Krakatoa's ownership in the project to 80%, with Zopkhito poised to be a key strategic source of antimony in Europe, alongside significant gold potential.
Key Points
  • Krakatoa Resources received commitments to raise $2.4 million via share placement
  • Funds will acquire initial 10% of Zopkhito Antimony-Gold Project
  • Strategic placement anchored by a $1.8 million investment from a Hong Kong entity
  • The placement will fund resource definition and project development in 2026
  • Krakatoa aims to increase ownership in Zopkhito to 80%
  • Zopkhito is positioned as a leading antimony project with significant gold upside
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.