Krakatoa CEO on fast-tracking high-grade Zopkhito project
Published: 18:00 14 May 2025 EDT
Krakatoa Resources Ltd (ASX:KTA) CEO Mark Major talked with Proactive's Stephen Gunnion about the company’s strategy to fast-track its advanced exploration-stage Zopkhito antimony-gold project in Georgia. Major described the project as containing “about 26,000 tonnes of antimony in the ground, at a grade of about 11.6%, and over 800,000oz [of gold] predicted there,” under foreign resource classification.
The company plans to convert these foreign estimates to JORC-compliant resources this year, as it prepares a major 7,000–10,000m diamond core drilling campaign. According to Major, the project area already contains “over 27km of exploration adits,” which will also be further investigated.
He highlighted that Zopkhito holds a mining license, allowing the company to move from advanced exploration into potential production more efficiently. Krakatoa also intends to begin economic studies early next year.
Discussing Georgia as a jurisdiction, Major noted, “The sovereign risk is much, much lower than it used to be,” and said European investors understand the region well, making it an attractive funding and offtake market.
In addition to Zopkhito, Krakatoa is progressing its rare earths project at Mount Clare in Australia, supported by a government grant.
Watch the full interview to hear how the company is positioning itself to capitalise on strong antimony pricing and future European demand.
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