$1.6m Placement to Fund 2026 Exploration Program
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| Stock | Krakatoa Resources Ltd (KTA.ASX) |
|---|---|
| Release Time | 6 Jul 2026, 9:04 a.m. |
| Price Sensitive | Yes |
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Krakatoa Resources Secures $1.6M Funding for 2026 Exploration
Key Points
- $1.6 million raised through placement at $0.004 per share
- Funds for Zopkhito Antimony-Gold Project exploration
- Includes resource definition drilling and metallurgical optimization
Full Summary
Krakatoa Resources Limited (ASX: KTA) has secured firm commitments to raise $1.6 million through a placement of 400 million new shares at $0.004 each. The funds will support the company's 2026 exploration program at the Zopkhito Antimony-Gold Project, which includes resource definition drilling, underground panel and bulk sampling, metallurgical optimization, preliminary mining studies, and environmental baseline/permitting activities. The placement is supported by new and existing wholesale and sophisticated investors, with one free-attaching option for every four shares subscribed for, exercisable at $0.01 and expiring on 29 September 2028.
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