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Krakatoa Resources Ltd. ( (AU:KTA) ) has issued an announcement.
Krakatoa Resources Limited has made significant progress in its Zopkhito Antimony-Gold Project in Georgia, launching a 7,000-10,000m diamond drilling campaign and an underground core sampling program. These efforts aim to convert and expand the project’s historical foreign resources into a JORC-compliant mineral resource estimate. The Zopkhito project is strategically positioned to provide rare exposure to antimony, a critical mineral largely controlled by China, thus supporting EU and US supply chain diversification. Additionally, Krakatoa has expanded its rare earth prospect area at the Mt Clere Project and secured $3.1 million through a two-tranche placement to fund its ongoing operations.
More about Krakatoa Resources Ltd.
Krakatoa Resources Limited (ASX: KTA) is a company engaged in the exploration and development of mineral resources, focusing on critical minerals such as antimony and gold, as well as rare earth elements. The company is actively involved in projects that aim to diversify supply chains in sectors like energy storage, defense, and advanced materials.
Average Trading Volume: 7,041,233
Technical Sentiment Signal: Buy
Current Market Cap: A$13.55M
See more insights into KTA stock on TipRanks’ Stock Analysis page.