Acacia Coal Ltd. was granted the 44-square-kilometer Mount Bruce copper-cobalt exploration license in Western Australia.

The company said March 13 that it issued 18.75 million shares to the vendors for a 100% interest in the project.

A review of prior exploration activity is underway for designing a suitable exploration program to determine the potential for copper, cobalt and nickel mineralization.

The field-based exploration program is expected to start in mid-March.