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- Surface diamond drilling has commenced for second season
- Drilling focused on mineralised Sb and Au veins
- Drilling aimed at converting and expanding current foreign resource
- Underground drilling and bulk adit sampling to commence soon
Krakatoa Resources (ASX:KTA) has commenced drilling and development activities for the 2026 season at the Zopkhito antimony-gold project in Georgia.
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The project covers an area of 1,779 hectares and is held under an existing mining license which is valid until March 2042. Krakatoa holds an exclusive option to acquire up to an 80% interest in the project.
Zopkhito contains a foreign resource estimate of 225,000 tonnes at 11.6% stibnite for a contained 26,000 tonnes of antimony and 7.1million tonnes (Mt) at 3.7 grams per tonne (g/t) for 815,119 ounces of gold.
CEO, Mark Major, said the project benefits from extensive historical exploration, including approximately 27km of underground exploration adits, more than 15,000 historical channel and geochemical samples, and prior LiDAR and IP geophysical surveys.
“Following a higher than average snow fall over winter, we are pleased that the 2026 field season at Zopkhito has now commenced,” Mr Major said.
“This year’s drilling program is designed to support the delivery of a maiden JORC-compliant Mineral Resource Estimate and advance early mine development studies. The 2025 drilling program validated the high-grade nature of the antimony and gold mineralisation, as well as the extension potential at Zopkhito.”
Mr Major said with the recognition of antimony’s strategic importance increasing globally, Krakatoa believes Zopkhito has the potential to become a rare and significant European source of this critical mineral.
“We have an exciting and busy year ahead as we continue to demonstrate the potential of this project.”
In 2025, drilling confirmed high grade mineralisation beyond the adits and confirmed the presence of an extended gold alteration system, in addition to the high-grade quartz-antimony vein development.
Drilling successfully intersected mineralisation across multiple target zones, providing strong geological validation of the historical model.
The Zopkhito project is held within a registered mining license valid until 2042. The company recently secured an additional two-year extension of the exploration period under the active mineral extraction licence.
KTA is up 12.5% to 0.5¢. Mkt cap $1.888M.
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