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Krakatoa to acquire Belgravia copper-gold project in Australia

Krakatoa Resources Ltd. has exercised its option to acquire the Belgravia project within the Molong Volcanic Belt in Australia, from Locksley Holdings Pty. Ltd.

The company noted that the project lies in a very fertile metallogenic province, where copper-gold porphyry deposits typically occur in clusters.

The company is expecting to complete the acquisition following its annual general meeting in November.