Krakatoa Drilling Confirms Visual Antimony at Zopkhito as JORC Resource Push Builds

Krakatoa Resources Ltd has reported multiple zones of significant visual antimony from initial surface diamond drilling at the Zopkhito Antimony-Gold Project in Georgia, marking an encouraging early step in its 2026 exploration programme. The company has completed two surface diamond drill holes and four underground in-adit core sampling holes, with drilling targeting known antimony and gold mineralised veins within historical underground workings.

Initial drilling identified a 2.86-metre interval of antimony mineralisation, including a 60-centimetre zone of massive quartz and stibnite with visual estimates of approximately 50% stibnite. A separate 44-centimetre interval of quartz breccia containing coarse visible stibnite mineralisation was intersected in hole DD26ZOP-002, with visual estimates suggesting around 25% stibnite. Assays remain pending for these intervals.

Surface drill hole DD26ZOP-002 and underground hole UG26ZOP-001 both intersected visible stibnite mineralisation hosted in quartz and quartz breccia, occurring as vein and vug fill and locally transitioning into massive stibnite. Underground panel and bulk sampling is expected to commence in the coming weeks.

Krakatoa chief executive Mark Major said the early drilling was confirming historical vein models and supporting the company’s push towards a maiden JORC-compliant Mineral Resource Estimate. He noted that the company is systematically working the veins, with each hole providing valuable information to improve understanding of the mineralised system.

Zopkhito covers 1,779 hectares and is held under an existing mining licence valid until March 2042. Krakatoa has an exclusive option to acquire up to an 80% interest in the project. The project currently hosts a foreign resource estimate of 225,000 tonnes at 11.6% antimony for 26,000 tonnes of contained antimony, along with 7.1 million tonnes at 3.7 grammes per tonne gold for 815,119 ounces of gold. The estimate is not reported under the JORC Code 2012.

The 2026 programme is designed to validate historical high-grade results, define the geometry and extent of quartz-stibnite vein systems and associated gold zones, and generate sufficient data to support conversion of the foreign resource estimate into a maiden JORC-compliant resource.

Krakatoa expects a steady sequence of operational updates and assay results through 2026 as it advances Zopkhito. The company also plans additional metallurgical optimisation test work, preliminary mining studies and an adit bulk sampling programme. Environmental baseline studies and permitting activities are continuing in parallel to support future project development.