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Krakatoa Resources Ltd. ( (AU:KTA) ) has shared an update.
Krakatoa Resources Ltd. has commenced operations with a second drill rig at its Zopkhito Sb-Au Project in Georgia, aiming to enhance its maiden drilling campaign to 7,000-10,000 meters. This initiative is part of the company’s strategy to modernize historical foreign resource estimates to JORC-compliant standards, focusing on areas with previously identified high-grade antimony and gold mineralization. The project is significant given the current high prices of gold and antimony, and the global supply deficit of antimony, which is in high demand from the renewable energy and defense sectors. The success of this drilling program is expected to provide crucial insights into the project’s potential and lay the groundwork for future developments.
More about Krakatoa Resources Ltd.
Krakatoa Resources Limited (ASX: KTA) is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is particularly involved in projects targeting antimony and gold, with a strategic focus on converting foreign resource estimates into JORC-compliant Mineral Resources.
Average Trading Volume: 4,584,298
Technical Sentiment Signal: Sell
Current Market Cap: A$8.56M
Find detailed analytics on KTA stock on TipRanks’ Stock Analysis page.