Forrestania Resources secured control of >50.1% of Kula Gold shares on December 16, 2025.
Visit their website:
https://forrestaniaresources.com.au/
for all future developments on previously Kula-held Projects and Prospects.
Forrestania Takeover Offer for Kula Gold Process – December 2025:
Kula Gold Limited reports that in accordance with item 14 of section 633(1) of the Corporations Act 2001 (Cth) (Corporations Act) attached is a copy of the Target’s Statement issued by Kula Gold Limited in relation to the off-market takeover bid by Forrestania Resources Limited under Chapter 6 of the Corporations Act for all ordinary shares in Kula (Offer).
The Target’s Statement was lodged December 4 with the Australian Securities and Investments Commission and served on Forrestania.
Forrestania’s Bidder’s Statement was updated on December 4.
Kula Gold’s Directors unanimously recommended that Kula Gold shareholders accept the Offer in the absence of a superior proposal. Furthermore, the Directors intend to accept the Forrestania offer for their own shares in the absence of a superior proposal.
For Kula shareholders, please follow these instructions to accept the bid and head to this website: https://investor.automic.com.au/
⛏️ Prior to the Forrestania takeover in December 2025 – Kula Gold Limited was a mineral exploration company with key Gold projects in the Southern Cross Region – featuring the historic high-grade Mt Palmer Gold Mine near Marvel Loch, and the Kirup and Brunswick regions of Western Australia. The Wozi Niobium Project in Malawi was acquired in mid-2025.
⛏️ Kula has expertise in the discovery of new mineral deposits in WA, with the strategy via holding large land positions and structural geological settings capable of hosting ~+1m oz gold or equivalent sized deposits. The company also held promising projects with Lithium and Halloysite across these locations and held a Kaolin Deposit of 93.3mt at Southern Cross.
⛏️ For the latest news please visit the Forrestania Resources website.
Forrestania’s Projects in Southern Cross Region of Western Australia
Figure 1: Location map of Forrestania Resources’ projects and tenure in the Southern Cross region
Forrestania Resources secures control of Kula Gold with >50% acceptance
Kula Gold Limited advises Forrestania Resources (ASX: FRS) has received acceptances for more than 50.1% of the fully paid ordinary shares on issue in Kula Gold Limited (ASX: KGD). This represents a significant demonstration of confidence from Kula shareholders in the strategic rationale for the transaction. Forrestania Resources’ Chairman David Geraghty commented: “The level of support received is a strong early signal from the market. It reflects the alignment we are seeing [...]
Target’s Statement + Bidder’s Statement – Forrestania Resources takeover offer for Kula Gold
Kula Gold Limited reports that in accordance with item 14 of section 633(1) of the Corporations Act 2001 (Cth) (Corporations Act) attached is a copy of the Target's Statement issued by Kula Gold Limited in relation to the off-market takeover bid by Forrestania Resources Limited under Chapter 6 of the Corporations Act for all ordinary shares in Kula (Offer). Kula's Target's Statement was lodged today with the Australian Securities and [...]
Kula Gold enters into Bid Implementation Agreement with Forrestania Resources
Kula Gold Limited is pleased to announce that a conditional scrip takeover bid for all of Kula Gold’s shares has been received from Forrestania Resources Limited. Kula Gold Chairman Mark Stowell commented. "Kula has managed to unearth the gold potential of Mt Palmer over the last 18 months, which is a real credit to our team members," "Merging into the Forrestania group as part of a consolidation of numerous gold resources in [...]