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The latest update is out from Krakatoa Resources Ltd. ( (AU:KTA) ).
Krakatoa Resources Ltd. has announced the commencement of preparations for a maiden drilling campaign at its Zopkhito Sb-Au Project in Georgia, Eastern Europe. The drilling program aims to verify and expand the existing foreign resource estimate, with plans to conduct a 7,000-10,000m diamond drilling program. This initiative is part of Krakatoa’s strategy to convert the foreign resource into a JORC standard mineral resource estimate and undertake a preliminary economic assessment. The project is expected to enhance the company’s resource base and strengthen its position in the mining industry.
More about Krakatoa Resources Ltd.
Krakatoa Resources Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily deals with antimony and gold, with a market focus on expanding and converting foreign resource estimates into JORC standard classifications.
Average Trading Volume: 1,037,340
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$6.2M
Learn more about KTA stock on TipRanks’ Stock Analysis page.
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