Krakatoa Resources (ASX:KTA) has fresh capital and plenty of ground left to test at its Zopkhito Antimony-Gold Project in Georgia.
Executive Chairman Colin Locke explains how the company’s $2.4 million placement supports drilling aimed at converting Zopkhito’s historical foreign resource into a maiden JORC-compliant mineral resource estimate (MRE).
- Fresh backing: $2.4 million raised from long-term investors
- Resource drilling: Surface and underground diamond drilling continue
- Conversion push: Work targets a maiden JORC-compliant MRE
- Established scale: Historical foreign estimates cover ‘high-grade’ antimony and gold
- Exploration upside: Much of the broader system remains to be investigated
- Next catalyst: Assays are expected to provide the next read on Zopkhito
The historical numbers are already substantial.
Now Krakatoa has to prove them to modern standards.
About the guest and company:
Colin Locke is the executive chairman of Krakatoa Resources, an Australian exploration and development company advancing the Zopkhito Antimony-Gold Project in Georgia. Zopkhito hosts historical foreign resource estimates for ‘high-grade’ antimony and gold, with Krakatoa undertaking modern drilling aimed at delivering a maiden JORC-compliant MRE.
🎥 Watch the full interview to see how Krakatoa is building the modern resource case at Zopkhito.
