Zopkhito Drilling Yields 8m at 14.1g/t Gold and 16.3% Antimony Intercepts

Zopkhito Project Delivers Promising Assay Results

Krakatoa Resources Limited (ASX, KTA) has announced encouraging developments from its Zopkhito Antimony-Gold Project in Georgia following the completion of its Phase 1 drilling and underground sampling program. The company reported significant high-grade gold and antimony intersections from both surface diamond drilling and underground core sampling, validating historical resource models and reinforcing the project's potential.

Notable assay highlights include intercepts such as 8 metres at 14.1 grams per tonne gold from 8 metres depth, including a 1.5-metre section grading 38.5 grams per tonne gold, alongside antimony grades exceeding 1%. Underground sampling also revealed impressive grades, with intervals showing up to 16.3% antimony and gold concentrations above 6 grams per tonne.

Strategic Extension and Future Exploration Plans

Recognising the value of these results, Krakatoa successfully secured a 12-month extension to its option period for the Zopkhito Project. This extension provides critical additional time to complete further drilling and resource definition activities, as well as to progress transaction milestones. The company anticipates commencing a Phase 2 exploration program in April 2026, which will include additional surface and underground drilling, metallurgical sampling, and environmental baseline studies.

The ultimate goal is to convert the existing foreign resource estimate, which currently stands at approximately 225,000 tonnes of antimony at 11.6% grade and over 800,000 ounces of gold, into a JORC-compliant mineral resource estimate. This step is essential for advancing the project towards development and attracting investment.

Broader Corporate and Market Context

Alongside its exploration progress, Krakatoa executed a binding sale agreement for its Belgravia Project in New South Wales, receiving an initial payment of $100,000 with the balance expected upon title transfer. The company also completed a $3.1 million capital raise during the year, supporting its exploration activities and corporate objectives.

Despite a modest cash balance of $338,000 at quarter-end, Krakatoa holds a drilling credit and continues to manage its finances prudently to sustain its exploration momentum. The company’s focus on critical minerals like antimony aligns with growing global demand for secure, Western-aligned supply chains, particularly given antimony’s strategic importance in energy storage and defence sectors.

Georgia’s Strategic Advantage

The Zopkhito Project benefits from its location in Georgia, a country with strong economic growth, investor-friendly policies, and advantageous free trade agreements with the European Union and other key markets. This positions Krakatoa well to contribute to Europe’s critical minerals supply diversification, reducing reliance on dominant producers.

Looking ahead, Krakatoa’s upcoming exploration activities and resource definition work will be closely watched by investors eager to see the transition from promising assay results to a formal JORC resource and the potential for project development.