Update on Turon Project reconnaissance work

Krakatoa Resources Limited (ASX: $KTA) has identified a new copper-gold prospect on its Turon Project, with rock-chip assays revealing grades of up to 1.24g/t Au and 10.45% Cu, along with anomalous Mo and Sn. The project, located 30km north of Bathurst and 10km east of the high-grade Hill End Gold Mine in NSW, has delivered highly encouraging results from the ongoing reconnaissance and rock sampling program.

Executive commentary on the findings

Krakatoa CEO Mark Major expressed optimism about the results, stating, 'Our NSW Projects continue to deliver promising results. Jews Creek Prospect within the Turon tenement has delivered encouraging, intrusive-related Cu-Au results at a time when the demand for copper is booming and gold is threatening to break out to an all-time high. These are promising results, and we look forward to future investigations.'

Summary of the announcement and outlook

The reconnaissance work at the Turon Project has unveiled significant gold and copper potential, indicating promising prospects for Krakatoa Resources. The company's CEO, Mark Major, highlighted the increasing demand for copper and the potential upsurge in gold prices, underlining the positive implications of these findings. Krakatoa Resources aims to further investigate and define the extent of the mineralization at the Turon Project, reflecting its commitment to capitalizing on the opportunities presented by the current market conditions.