Krakatoa Resources Ltd. (AU:KTA) has released an update.
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Krakatoa Resources Ltd. is set to make a substantial move by securing an 80% stake in the Zopkhito project, a major antimony and gold deposit in Georgia. This strategic acquisition could significantly enhance Krakatoa’s portfolio, as the project hosts an estimated 26,000 tonnes of antimony and over 815,000 ounces of gold. With promising exploration potential and substantial investment commitments, Krakatoa’s venture into this project could be transformative for its growth in the resource sector.
For further insights into AU:KTA stock, check out TipRanks’ Stock Analysis page.