
Krakatoa Resources (ASX:KTA) has started underground drilling at Zopkhito in Georgia to convert a 26,000t antimony, 815,119oz gold foreign resource into a JORC-compliant estimate.
Krakatoa Resources (ASX:KTA) kicked off its second field season at the Zopkhito antimony-gold project in Georgia. The program targets a maiden JORC-compliant resource estimate from a foreign resource that already grades 11.6% stibnite and 3.7 g/t gold.
The existing foreign estimate holds 225,000 tonnes at 11.6% stibnite for 26,000 tonnes of antimony, plus 7.1 million tonnes at 3.7 g/t gold for 815,119 ounces. Translating that into JORC would give the market a benchmark it can trust, which is the point of this season.
CEO Mark Major called the start “exciting” and said the 2025 drilling “validated the high-grade nature of the antimony and gold mineralisation, as well as the extension potential.” He added that with antimony emerging as a strategically critical mineral, Zopkhito “has the potential to become a rare and significant European source of antimony.”
The 2025 program confirmed high-grade mineralisation within historical adits and identified an extended gold alteration system alongside quartz-antimony veins. Combined with 27 kilometres of underground exploration adits and over 15,000 historic samples, the company has a dense data set to guide this season’s targeting.
Krakatoa also plans metallurgical optimisation test work, preliminary mining studies, and adit bulk sampling. Environmental baseline and permitting work continues in parallel.
KTA last traded at 0.4 cents, putting its market cap at just under A$1.9 million. That price reflects no JORC resource and no production timeline.
For a trader watching this name, the first validating signal would be assay results that match or beat the 11.6% antimony grade from the historical adits. A serious miss on grade or continuity would weaken the case before a resource is even modelled. The second marker is speed: if the company hits a JORC estimate before year-end, the stock re-rates on visibility alone. If the 2026 season ends without a resource estimate, the story stalls.
The next concrete catalyst is assay news from the current program, likely due in weeks, not months.
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.