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Krakatoa Resources Limited (ASX:KTA)

ALERT: Price-sensitive ASX Announcement for KTA
Current share price for KTA : $0.006 -0.009 (-60%)+
Announcement
Release
21 Oct 2025 8:23AM
Price at Release
$0.015
Full Release
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Summary
Krakatoa Resources Limited has initiated an advanced exploration program at the Zopkhito Antimony-Gold Project in Georgia, Eastern Europe, focusing on safely opening up new exploration areas through an underground drone LiDAR survey. The program aims to enhance data accuracy by recalibrating historical sample coordinates to modern standards, thereby improving the geological understanding and guiding future drilling efforts. The project is strategically important due to its positioning within Europe’s critical minerals corridor and targets the high global demand for antimony and gold. Krakatoa is working towards producing a maiden JORC-compliant Mineral Resource estimate, with initial assay results expected by late 2025.
Key Points
  • Krakatoa Resources Limited is conducting an underground drone survey at the Zopkhito Project.
  • The drone survey uses LiDAR technology for mapping and identifying hazardous areas in historical adits.
  • The survey aims to recalibrate historical sample coordinates to modern spatial standards for improved accuracy.
  • Zopkhito Project focuses on antimony and gold, critical minerals with high demand due to geopolitical factors.
  • The project is positioned within Europe’s critical minerals corridor and benefits from Georgia’s developed mining infrastructure.
  • Program objectives include validating historical high-grade results, expanding drilling coverage, and generating data for a maiden JORC-compliant Mineral Resource estimate.
  • Initial assay results from the Zopkhito drilling program are expected late Q4 2025.
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.