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
