• 7,000-10,000m maiden diamond drilling campaign has commenced
• Drilling to focus on areas where mineralised Sb and Au veins have been encountered
• Drilling aims to convert and expand the current foreign resource estimate into a JORC standard mineral resource estimate

Krakatoa Resources Ltd (ASX: KTA) has commenced a 7,000-10,000m maiden diamond drilling campaign at its Zopkhito Sb-Au Project located in Georgia, Eastern Europe. The drilling will focus on areas where the mineralised antimony (Sb) and gold (Au) veins have been encountered within the historical adit development, which was used to establish the current foreign resource estimate of 225Kt @ 11.6% Sb for a contained 26,000 tonnes of Sb and 7.1Mt @ 3.7g/t for 815,119oz of Au. The purpose of the drilling is to assist with converting and expanding the current foreign resource estimate into a JORC standard mineral resource estimate. Krakatoa has an exclusive option to acquire up to an 80% legal and beneficial interest in the granted mining license covering the Zopkhito Project. Georgia is an investor-friendly nation strategically positioned as a trade gateway between Europe and Asia, with a robust economy and a commitment to economic openness.

The Company looks forward to advancing the progress of its exploration efforts at the Zopkhito Sb-Au Project over the course of the next few weeks.