• Maiden drilling results confirm high-grade gold and antimony mineralisation at Zopkhito Project
• Restructured deal terms to prioritise exploration and reduce upfront costs and dilution
• Strengthened technical and operational team to support resource definition and development

Krakatoa Resources has reported a successful March 2026 quarter, with highlights including high-grade gold and antimony results from maiden drilling at the Zopkhito Antimony-Gold Project in Georgia. The drilling confirmed multiple significant intercepts up to 38.5g/t Au and 23.4% Sb, validating the historical foreign resource model and extending mineralisation beyond the historical workings. The company has also strengthened its technical and operational team with key appointments, enhancing its ability to progress the project. Subsequent to the quarter, Krakatoa restructured the Zopkhito transaction to prioritise capital into exploration, reducing upfront costs and dilution. The revised terms establish a staged earn-in structure, providing a disciplined and capital-efficient pathway to increase its interest up to 80% in the project. Planning is now underway for the 2026 field season, focusing on targeted resource drilling, metallurgical optimisation, and mining studies to support a preliminary economic assessment. The company has also identified four additional prospects within the license area, highlighting the broader district-scale potential. At the Mt Clere Rare Earths Project in Western Australia, the company has rationalised its tenement portfolio to prioritise more prospective areas around the existing Tower REE deposit.

Krakatoa is focused on advancing the Zopkhito Antimony-Gold Project through targeted resource drilling, metallurgical optimisation, and mining studies to support a preliminary economic assessment. The company is also evaluating additional critical minerals opportunities to complement its portfolio.