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Krakatoa Resources: Applies for significant acreage in Central Lachlan Fold Belt

Krakatoa Resources: Applies for significant acreage in Central Lachlan Fold Belt

  • Krakatoa Resources (KTA) has applied for a 580 square kilometre acreage in the Central Lachlan Fold Belt in New South Wales
  • Then the four exploration licence applications comprise the Rand Project
  • The Rand Project is prospective for multi-million-ounce mineralisation styles, also including shear-hosted and intrusion-related gold systems
  • Rand captures the Bulgandra Goldfield, which includes several mines that have historically produced gold grading up tp 265g/t
  • Additionally, gold grades of up to 29.4g/t gold found at the Welcome Find Reef
  • Company shares are currently trading flat at 9.9 cents each
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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