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Krakatoa Resources Ltd. ( (AU:KTA) ) has shared an announcement.
Krakatoa Resources has reported strong Phase 1 drilling and underground sampling results from its Zopkhito antimony-gold project, with multiple high-grade intersections of both gold and antimony and completion of underground drone LiDAR and gas surveys that have opened previously inaccessible adits. The company has secured a 12‑month extension to the project option period, paving the way for a Phase 2 exploration program expected to start in April 2026 aimed at converting and expanding a substantial foreign antimony and gold resource estimate into a JORC-compliant resource, while at Mt Clere it has applied for ground adjoining its Tower rare earths resource and completed core scanning at Stone Tank, and on the corporate front it has executed a $350,000 sale of the Belgravia Project and ended the quarter with $0.338 million in cash.
The most recent analyst rating on (AU:KTA) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Krakatoa Resources Ltd. stock, see the AU:KTA Stock Forecast page.
More about Krakatoa Resources Ltd.
Krakatoa Resources Ltd. is an Australian mineral exploration company focused on critical and precious metals, including antimony, gold and rare earth elements, with key projects such as the Zopkhito antimony-gold project and the Mt Clere rare earths project in its portfolio.
Average Trading Volume: 3,991,718
Technical Sentiment Signal: Sell
Current Market Cap: A$11.81M
Find detailed analytics on KTA stock on TipRanks’ Stock Analysis page.