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Highlights
- Krakatoa Resources plans maiden drill at Zopkhito antimony-gold project in Georgia
- Targeting expansion of existing antimony and gold resource base
- Antimony demand surges amid global supply dynamics
Krakatoa Resources (ASX:KTA) is entering a pivotal phase as it prepares to launch a maiden diamond drilling campaign at its Zopkhito antimony-gold project in Georgia, Eastern Europe. This significant step forward marks the company's initial on-site exploration activity at the project, where preparations are already underway to establish camp facilities and improve access for heavy machinery.
The Zopkhito project, which sits on a granted mining licence, gives Krakatoa the option to secure up to an 80% stake. With a current resource estimate including 26,000 tonnes of antimony and 7.1 million tonnes grading 3.7g/t gold for approximately 815,119 ounces, the upcoming drill program aims to enhance and potentially expand this foreign resource through modern geological methodologies.
Scheduled to begin in early July, the drilling will cover between 7,000 and 10,000 metres. The program intends to validate historical data derived from 27 kilometres of underground drives and over 15,000 channel samples. This initiative will also lay the groundwork for a JORC-compliant mineral resource estimate and a preliminary economic assessment.
High-Potential Targets and Surveying Innovations
The company’s focus includes adit drilling to examine high-grade antimony veins and the gold-rich zones surrounding them, particularly within the footwall and hanging wall structures. To further refine target identification, Krakatoa will deploy a high-resolution drone magnetic survey across the project area. This will be followed by potential testing of sub-audio magnetics—a technology designed to delineate conductive anomalies and geological structures with greater precision.
Antimony's Rising Strategic Importance
Antimony continues to attract global attention due to its critical applications in industrial and military sectors. It plays a vital role in products ranging from solar panels to car battery alloys, flame retardants, and electronic solders. With China placing restrictions on antimony exports, global supply has tightened, placing upward pressure on prices and reinforcing the metal’s strategic value.
For investors exploring growth opportunities in the mining sector within the ASX200 landscape, Krakatoa’s proactive approach at Zopkhito could present a compelling addition to watch, especially within the framework of evolving ASX dividend stocks potential.
As the project advances into the active exploration stage, Krakatoa Resources is poised to play a significant role in unlocking value from a high-grade, underexplored region in Eastern Europe.
