Krakatoa Resources
Primary Ticker: ASX:KTA
Stage of Development: Development, Exploration
Primary Minerals: Antimony, Gold, Rare Earths
Country / Region: Australia
Market Cap 7m
Krakatoa Resources Limited (ASX:KTA) is an Australian Securities Exchange (ASX) listed company advancing the world class Zopkhito high-grade antimony and gold project in Georgia, while actively exploring for other critical and precious metals in Western Australia and NSW, Australia.
Our mission is to discover, explore and develop high value critical metal projects to be a prominent critical and precious metal producer.
The Zopkhito Project is an advanced antinomy and gold project which has a current Foreign Mineral Resource (Soviet Classification) containing over 26,000 tonnes (225Kt @11.6% Sb) of Antinomy and more than 800,000 ounces of gold, making it one of the highest grade and largest antimony deposits globally.
The company is now drilling this project in order to convert the Foreign Resource estimate into a JORC category with the aim of moving towards development as soon as possible.
We are driven by our commitment to transparency, accountability, safety, environmental stewardship and community partnership. These values inform everything we do. They are what make us a modern exploration and mine development company.
Management Profile:
Mr Major is the CEO of Krakatoa resources. He has been with Krakatoa since 2019 and has more than 30 years of international mineral exploration and development experience ranging from grassroots programs to mine development and has extensive experience working with corporate transactions, project acquisitions and project generation. He has previous held Managing Director, Country Manager, senior operational management roles and been a technical consultant for various private and listed companies throughout his professional career.
What is your rationale for taking part in 121 Mining Investment?
Looking for interested parties for future capital raises
What are your key goals for the next 3, 6 and 12 months?
3 Months
Undertake successful drilling at Zopkhito
6 Months
Advanced metallurgical testwork
12 Months
JORC MRE and commencement of PEA/PFS studies
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Seasonal conditions at site limiting access during the winter months
What do you think makes your company such a compelling investment?
Zopkhito is a well explored and advanced project that requires modern exploration work. It has a historical antimony resource of 224,535 t @11.63% Sb for a contained 26,120 tonnes of Sb metal; plus over 800,000 ounces of gold (@3.7g/t). It is a well understood system that has extensive additional blue-sky opportunities to increase its resource estimate.
What are the top 3 key investor takeaways?
- High grade, high value antimony (12%Sb MRE) and associated gold
- Extensive blue sky opportunities to increase size
- Currently in the predevelopment pathway to establish a modern resource and economic studies
