Krakatoa Resources Secures AU$1.6 Million to Accelerate Zopkhito Exploration
Krakatoa Resources Limited (ASX: KTA) has successfully secured firm commitments to raise AU$1.6 million through a placement to support its 2026 exploration activities at the Zopkhito Antimony-Gold Project in Georgia. The capital raising attracted strong participation from both existing and new sophisticated investors. The proceeds will primarily fund resource definition drilling, underground panel and bulk sampling, metallurgical optimisation, preliminary mining studies, environmental baseline work, and permitting activities, while also strengthening working capital. Exploration has already commenced, marking the company's second field season at the project following validation of historical data in 2025. Krakatoa aims to advance the project towards a JORC 2012-compliant Mineral Resource Estimate through the upcoming work program. The placement includes the issue of 400 million new shares at AU$0.004 each, together with free-attaching options subject to shareholder approval. The initiative reflects Krakatoa's commitment to unlocking the project's significant antimony and gold potential.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Krakatoa Resources Secures AU$1.6 Million to Accelerate Zopkhito Exploration
Krakatoa Resources Limited (ASX: KTA) has successfully secured firm commitments to raise AU$1.6 million through a placement to support its 2026 exploration activities at the Zopkhito Antimony-Gold Project in Georgia. The capital raising attracted strong participation from both existing and new sophisticated investors. The proceeds will primarily fund resource definition drilling, underground panel and bulk sampling, metallurgical optimisation, preliminary mining studies, environmental baseline work, and permitting activities, while also strengthening working capital. Exploration has already commenced, marking the company's second field season at the project following validation of historical data in 2025. Krakatoa aims to advance the project towards a JORC 2012-compliant Mineral Resource Estimate through the upcoming work program. The placement includes the issue of 400 million new shares at AU$0.004 each, together with free-attaching options subject to shareholder approval. The initiative reflects Krakatoa's commitment to unlocking the project's significant antimony and gold potential.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au