Entries by Kula Gold

A Clear Path to Production

Woodlark Island Gold Project – A Clear Path to Gold Production Kula Gold’s JV partner Geopacific (ASX:GPR) aims to: develop the Project as a >150,000oz gold per annum producer; increase the mine life to > 10 years; have a short development time. Geopacific plans to achieve this by: increasing reserves from 766,000oz gold to >1.2Moz […]

Earn-in Agreement with Geopacific Resources Limited

Woodlark Island Gold Project Earn-in and Joint Venture with Geopacific Resources Limited (ASX:GPR) • Geopacific option to fund $18.65 million over 3.5 years to earn up to a 75% corporate interest in the Woodlark Island Gold Project; • Geopacific targeting increasing Woodlark Island Gold Project Ore Reserves to >1.2 million ounces of gold; • The fully-permitted Woodlark Island […]

March Quarterly and Appendix 5B

• Successful Share Purchase Plan raises approximately $300,000 • Placement with major shareholders expected to raise approximately $200,000 • MOU with Misima Gold Project – 1.7moz Gold Resource • Six new gold targets identified on Woodlark • Kulumadau Gold Deposit part of Larger System • March 31 cash position A$0.47 Million, excluding SPP and placement raisings

Results of Share Purchase Plan

The company reports the success of the SPP in raising $298,000, for the allotment of 9,612,896 shares, which will fund further detailed analysis of the significant database accumulated over 10 years of exploration and feasibility study work. The focus will continue to be on significant gold resource expansion opportunities within and proximal to the existing […]