Krakatoa Resources Secures AU$2.4 million to Advance Zopkhito Antimony-Gold Project
Krakatoa Resources Limited (ASX: KTA) has secured firm commitments for an AU$2.4 million placement, issuing approximately 400 million shares at AU$0.006 each. The raising is anchored by an AU$1.8 million investment from a Hong Kong-based private investor, who will hold 14.9% of the company after the placement.
The funds will enable Krakatoa’s Georgian subsidiary to acquire an initial 10% interest in the Zopkhito Antimony-Gold Project for US$875,000, marking the first stage of a pathway toward ownership of up to 80%. Remaining capital will support resource definition and underground drilling, bulk sampling, metallurgical testing, preliminary mining studies, permitting activities and working capital.
Zopkhito carries a foreign estimate of 225 thousand tonnes grading 11.6% antimony and 7.1 million tonnes grading 3.7g/t gold. Krakatoa is progressing its exploration and evaluation activities with the objective of establishing its first Mineral Resource Estimate in accordance with the JORC 2012 framework.
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$2.4 million to Advance Zopkhito Antimony-Gold Project
Krakatoa Resources Limited (ASX: KTA) has secured firm commitments for an AU$2.4 million placement, issuing approximately 400 million shares at AU$0.006 each. The raising is anchored by an AU$1.8 million investment from a Hong Kong-based private investor, who will hold 14.9% of the company after the placement.
The funds will enable Krakatoa’s Georgian subsidiary to acquire an initial 10% interest in the Zopkhito Antimony-Gold Project for US$875,000, marking the first stage of a pathway toward ownership of up to 80%. Remaining capital will support resource definition and underground drilling, bulk sampling, metallurgical testing, preliminary mining studies, permitting activities and working capital.
Zopkhito carries a foreign estimate of 225 thousand tonnes grading 11.6% antimony and 7.1 million tonnes grading 3.7g/t gold. Krakatoa is progressing its exploration and evaluation activities with the objective of establishing its first Mineral Resource Estimate in accordance with the JORC 2012 framework.
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