Krakatoa Resources Ltd (ASX:KTA) Advances Zopkhito Antimony-Gold Project
Project Overview
Krakatoa Resources Ltd (ASX:KTA) is progressing its Zopkhito Antimony-Gold Project in Georgia, boasting a foreign resource estimate of 225Kt at 11.6% Sb and 7.1Mt at 3.7g/t gold.
Resource Estimates
The Zopkhito Project includes 225Kt of antimony at 11.6% Sb, totaling 26,000 tonnes of contained Sb, and 7.1Mt of gold at 3.7g/t, equivalent to 815,119 oz.
Financial Performance
The company has a market cap of $5.3m, an enterprise value of $4m, 590m shares on issue, and $1.3m cash in the bank.
Development Strategy
KTA plans additional mapping, maiden diamond drilling, metallurgical testing, and aims to develop a mineable resource with a scaled-up plant by 2025.
Executive Comments
CEO Mark Major stated, “Krakatoa are committed to acquiring and developing high value critical metal projects to be a prominent precious and critical metals producer.”
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