Daily Brief Australia: 88 Energy Ltd, Krakatoa Resources and more

• 88 Energy is a high-risk, high-reward oil and gas exploration company with a primary focus on large-scale, early-stage projects in the politically stable and well-developed hydrocarbon province of Alaska’s North Slope.
• The company’s strategy centers on identifying and de-risking significant prospective resources and then farming out interests to larger partners to fund capital-intensive drilling and development, thereby minimizing shareholder dilution and financial risk.
• Recent divestment from production assets in Texas has sharpened the company’s focus on its core Alaskan exploration portfolio (Projects Phoenix and Leonis) and a new frontier opportunity in Namibia, positioning it as a pure-play exploration entity with significant potential upside contingent on drilling success.

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• Krakatoa Resources Limited (ASX:KTA) is a junior resource company focusing on critical minerals projects located in Georgia and Western Australia (WA) which are prospective for antimony-gold and rare earths respectively.
• KTA’s focus pivoted to antimony-gold with the acquisition of an option on the Zopkhito project in December 2024.
• KTA is currently drilling at the project with the aim of converting the foreign resource into a JORC-compliant resource as well as delineating extensions to the resource.