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Highlights
Krakatoa Resources finalises contracts for maiden drill program at Zopkhito
Two specialised rigs to target hard-to-reach and shallow areas
Project aims to support broader assessment and resource expansion
Krakatoa Resources Ltd (ASX:KTA), listed on the ASX 200, is set to commence a maiden diamond drilling campaign at its Zopkhito Antimony-Gold Project in Georgia. The company has outlined detailed preparation steps as it works to further define and potentially expand the existing resource footprint.
The upcoming exploration aligns with the company’s broader goals to progress the site toward preliminary economic evaluation and strengthen the asset’s long-term strategic value within its growing portfolio of precious and critical metal projects.
Drill Contracts Finalised as Site Readiness Progresses
Krakatoa has completed key contractual agreements with two drilling service providers, paving the way for field activities to begin. Rehabilitation efforts at the company’s 30-person camp facility have also been finalised, following a decade of disuse. Refurbishment has been carried out to enable full operational capacity in time for the imminent program.
Initial drilling activities are expected to launch within the month, targeting key zones identified through geophysical modelling.
Dual Drill Rig Deployment for Varied Terrain
The company is preparing to deploy two different drill rigs to access distinct areas across the Zopkhito lease. One rig, sourced from a local drilling contractor, is equipped to operate on small pads with shallow angles, ideal for compact underground-style drilling.
A second drill system, specifically designed for remote and rugged slopes, will be mobilised later in the month. This man-portable rig is engineered to function in terrain where minimal drill footprint is required. Site access tracks and pads are currently under construction in anticipation of its arrival.
Resource Expansion Strategy and Project Scope
Prior to the drilling campaign, Krakatoa is conducting geophysical surveys aimed at refining the current resource estimation. These efforts are intended to inform drill targeting and support technical work that could underpin a future economic review of the project’s feasibility.
The company retains an exclusive acquisition right for a majority interest in the mining lease from JSC Caucasas Minerals. The lease covers a substantial area in Georgia’s Racha region, benefiting from established infrastructure such as rail access to two key western ports.
Strategic Outlook for Precious and Critical Metals
With Zopkhito forming a core part of Krakatoa’s pipeline, the planned drilling and associated assessments mark a significant step in unlocking the project’s value. As the company continues to explore development options across its assets, this activity positions it within the landscape of ASX-listed explorers focused on critical supply chain inputs.
Krakatoa Resources remains focused on supporting the exploration and potential development of metals that underpin emerging industrial and technology demand across global markets.
