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The latest update is out from Krakatoa Resources Ltd. ( (AU:KTA) ).
Krakatoa Resources Limited announced significant progress in its Zopkhito Antimony-Gold Project in Georgia, with drilling contracts signed and preparations for a maiden drilling campaign underway. The company aims to convert and expand the current foreign resource estimate into a JORC standard mineral resource estimate and undertake a preliminary economic assessment. Additionally, Krakatoa completed a 2-hole diamond drill program at the Mt Clere Project in Western Australia, partially funded by a government grant. The company also raised over $1.6 million through share placements, bolstering its financial position for ongoing and future projects.
More about Krakatoa Resources Ltd.
Krakatoa Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Their primary projects include the Zopkhito Antimony-Gold Project in Georgia and the Mt Clere Project in Western Australia. The company is engaged in extracting antimony and gold, with a significant interest in expanding its resource estimates and conducting economic assessments.
Average Trading Volume: 3,641,070
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$10.08M
For detailed information about KTA stock, go to TipRanks’ Stock Analysis page.