Krakatoa Resources Ltd CEO Mark Major talked with Proactive about the company’s decision to restructure its acquisition terms for the Zopkhito antimony-gold project in Georgia, shifting focus toward exploration and development rather than upfront payments.
Major explained that the revised agreement with JSC Caucasus Minerals provides a staged pathway for Krakatoa to earn up to an 80% interest in the project. This approach allows the company to prioritise capital deployment into drilling, studies, and on-ground activity as it progresses through the 2026 field season. He said, “it improves capital efficiency and reduces dilution risk for shareholders,” highlighting the strategic importance of preserving funds for project advancement.
The discussion also covered how recent drilling has validated the historical geological model, with high-grade antimony systems confirmed and additional upside emerging from gold mineralisation.
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