Quarterly Activities/Appendix 5B Cash Flow Report

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Stock Krakatoa Resources Ltd (KTA.ASX)
Release Time 30 Jul 2025, 2:09 p.m.
Price Sensitive Yes
 Quarterly Activities/Appendix 5B Cash Flow Report
Key Points
  • Drilling imminent at Zopkhito Antimony-Gold Project in Georgia
  • Maiden drilling campaign of 7,000-10,000m to commence in Q3 2025
  • Drilling and geophysical surveys to support JORC resource conversion
Full Summary

Krakatoa Resources Ltd (ASX: KTA) has provided a quarterly update on its key projects. The primary focus has been on the Zopkhito Antimony-Gold Project in Georgia, where the company is set to commence a maiden drilling campaign of 7,000-10,000m in the third quarter of 2025. The camp repatriation is nearing completion, and preparation of drilling platforms is progressing. The drilling program will target the known high-grade antimony and gold veins, convert the foreign resource estimate into a JORC-compliant mineral resource, and test the extension of the mineralised system. Krakatoa also plans to undertake geophysical surveys to assist with detecting extensions of the current foreign resource estimate. At the Mt Clere Project in Western Australia, the company has completed a 2-hole, 1,000m diamond drilling program at the Stone Tank Prospect, testing intense gravity anomalies. The core samples will now be analysed. Krakatoa has also raised $1.66 million through placements to fund the Zopkhito drilling program and other exploration activities.

Outlook

Krakatoa is committed to converting and expanding the foreign resource estimate at the Zopkhito Project into a JORC-compliant mineral resource estimate and undertaking a preliminary economic assessment on the mining licence during the current field season.