Krakatoa Ignites Momentum in Georgia with Maiden Drilling at Zopkhito Antimony-Gold Project

Key Highlights:

• Maiden 7,000–10,000m diamond drilling program kicks off at Zopkhito Sb-Au Project in Georgia
• In-adit drilling and drone magnetic surveys to complement surface exploration
• Foreign resource estimate includes 815,119 oz gold and 26,000 tonnes of antimony
• KTA shares soar 40% to $0.014 on heavy volume following the update

Krakatoa Resources Ltd (ASX: KTA) surged into focus on Tuesday after announcing the formal commencement of preparations for its first-ever drill campaign at the Zopkhito Antimony-Gold Project in Georgia, Eastern Europe. The market reacted sharply to the milestone, with KTA shares jumping 40% to $0.014 by midday on robust volume of nearly 29 million shares, pushing its market cap to $8.68 million.

For a junior explorer that has spent the past year quietly laying groundwork across a strategic region, this update marks a tangible shift from planning to execution—and potentially, value creation.

Drilling to Target High-Grade Sb-Au Veins

Located in the mineral-rich Racha region of Georgia, the Zopkhito Project hosts a foreign resource estimate of 225,000 tonnes at 11.6% antimony (Sb) and 7.1 million tonnes at 3.7g/t gold, representing 815,119 ounces of gold. Krakatoa aims to validate and convert this foreign estimate into a JORC-compliant resource, starting with a 7,000–10,000 metre diamond drilling campaign scheduled to commence in early July.

Source: KTA ASX Announcement, Source Link: https://www.ktaresources.com/asx-releases/ 

The drilling will test key vein systems and mineralised halos previously defined by 27 kilometres of underground exploration and over 15,000 channel samples collected during Soviet-era exploration.

“This is an exciting time for Krakatoa,” said CEO Mark Major, noting that the planned drill campaign aims to verify and expand the historical resource and pave the way for a preliminary economic assessment.

Source: KTA ASX Announcement | Source Link: https://www.ktaresources.com/asx-releases/ 

Smart, Multi-Phased Strategy

The exploration program is strategically designed to maximise geological insight in a complex terrain. It includes:

• Diamond drilling from 13 surface platforms targeting 100 holes (up to 14,000m), with this season expected to complete 7,000m—covering approximately 30–40% of the resource area.
• In-adit core drilling using JORC-compliant handheld systems, allowing access to high-grade veins in existing underground tunnels.
• Drone magnetic surveys and potential sub-audio magnetic (SAM) surveys to better delineate structures and subsurface targets for follow-up work.
  
   

Drill hole spacing is estimated at 55–60 metres, designed to support a JORC Inferred resource classification, with denser adit drilling expected to increase confidence levels.

Source: KTA ASX Announcement | Source Link: https://www.ktaresources.com/asx-releases/ 

Antimony: A Critical Metal in Focus

While gold often headlines exploration stories, antimony may be the real strategic prize at Zopkhito. Antimony is listed as a critical mineral by multiple nations due to its use in defence applications, semiconductors, batteries, flame retardants, and green energy technologies. The metal’s limited supply chain—concentrated primarily in China—adds to its geopolitical relevance.

Zopkhito’s antimony grades are remarkably high, and with global governments seeking diversified sources, Krakatoa’s timing couldn’t be better.

Georgia: A Strategic Frontier

Georgia continues to position itself as an investment-friendly, trade-connected hub, with free trade agreements covering a market of over 2.8 billion people. Ranked #2 globally for starting a business and #7 for investor protection, the country’s openness and infrastructure (close proximity to Black Sea ports) make it a compelling jurisdiction for mining development.

The Zopkhito Project sits approximately 170km from Georgia’s second-largest city, Kutaisi, and just 20km from the village of Gebi, providing essential access while maintaining exploration upside in an underexplored district.

Krakatoa’s bold entrance into the Georgian frontier with its maiden drilling program at Zopkhito signals more than just another field season—it’s the beginning of a critical resource story unfolding in a globally strategic location. As the rig wheels turn and assay results begin to flow, the market will be watching closely to see whether this early spark ignites something far larger beneath the Caucasus soil.

This is a sponsored article, presented by Skrill Network. Krakatoa Resources (ASX:KTA) is a client. Information sourced from KTA ASX announcements and Skrill Network’s in-depth market research.