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The latest announcement is out from Krakatoa Resources Ltd. ( (AU:KTA) ).
Krakatoa Resources Limited has announced significant progress in its Zopkhito Antimony-Gold Project, with an imminent start to underground core sampling and a two-rig diamond drilling program. This initiative aims to convert historical foreign resource estimates into a JORC-compliant Mineral Resource, enhancing the company’s position in the critical minerals market. The project is strategically important due to its potential to diversify supply chains in the EU and US, particularly as China currently controls a significant portion of global antimony supply. The ongoing drilling and sampling efforts are expected to provide regular updates and assay results by late Q4 2025.
More about Krakatoa Resources Ltd.
Krakatoa Resources Limited is a company involved in the exploration and development of mineral resources, focusing on gold and antimony projects. The company is engaged in advancing its Zopkhito Antimony-Gold Project in Georgia, Eastern Europe, which aligns with European critical minerals strategy.
Average Trading Volume: 4,804,420
Technical Sentiment Signal: Sell
Current Market Cap: A$11.62M
For a thorough assessment of KTA stock, go to TipRanks’ Stock Analysis page.