Chairman’s Address – AGM
Chairman’s Address at the Annual General Meeting
Chairman’s Address at the Annual General Meeting
RIU Sydney Resources Round-up Presentation, 14 May 2015
Watou Prospect confirms continuity of significant surface gold mineralisation
Two continuous ore grade zones delineated and a third zone identified with mineralisation open along strike, including trench assay results of:
– 8 metres @ 4.46g/t Au
– 23 metres @ 2.03 g/t Au
Mineralisation located in close proximity to the Woodlark King Deposit
Watou mineralisation demonstrates the potential for Woodlark to deliver additional resource ounces
Investment Highlights:
Investment Highlights:
- KGD announced last week the results of its infill trenching program at Watou.
- A total of 1,378m of infill trenches were completed. Some of the best results included 8m @ 4.46/gt Au and 23m @ 2.03g/t Au.
- Watou is located within 1km from the existing Woodlark King gold deposit, the latter containing a JORC Resource of 4Mt @ 1.4g/t for 180koz of Au. Given its close proximity, it is possible that Watou could be an extension of the Woodlark King deposit.
- The results reinforce Watou as a prospective exploration target, possessing the likely potential to add at shallow ounces to the existing 2.1M JORC Resource ounces of the Woodlark Island Gold Project.
- Given the positive results, Kula will continue further low-cost trenching at Watou in the March quarter.
Company now debt free and funded to add value at the Woodlark Island Gold Project
Debt facility closed with the conversion of debt into equity
Second tranche of Placement shares issued, funds received
Exploration activities continue on cost constrained basis targeting increasing higher grade Resources
Project development funding plans commenced in readiness for faster project development
Kula Gold Limited (ASX: KGD), provides the following information regarding the results of the General Meeting of the Company held on 26 November 2014 in accordance with Listing Rule 3.13.2 and Section 251AA of the Corporations Act 2001 (Cth).
This resolution was passed, as an ordinary resolution on a show of hands.
The valid proxy votes lodged for this resolution were:
FOR | AGAINST | OPEN | ABSTAIN |
92,521,423 | 519,449 | 116,403 | 700 |
This resolution was passed, as an ordinary resolution on a show of hands.
The valid proxy votes lodged for this resolution were:
FOR | AGAINST | OPEN | ABSTAIN |
86,508,089 | 519,449 | 116,403 | 499,033 |
This resolution was passed, as an ordinary resolution on a show of hands.
The valid proxy votes lodged for this resolution were:
FOR | AGAINST | OPEN | ABSTAIN |
86,458,089 | 569,449 | 116,403 | 499,033 |
This resolution was passed, as an ordinary resolution on a show of hands.
The valid proxy votes lodged for this resolution were:
FOR | AGAINST | OPEN | ABSTAIN |
110,819,545 | 569,449 | 116,403 | 5,700 |
This resolution was passed, as an ordinary resolution on a show of hands.
The valid proxy votes lodged for this resolution were:
FOR | AGAINST | OPEN | ABSTAIN |
43,630,573 | 565,249 | 137,487 | 28,603,758 |
This resolution was passed, as an ordinary resolution on a show of hands.
The valid proxy votes lodged for this resolution were:
FOR | AGAINST | OPEN | ABSTAIN |
123,360,410 | 653,246 | 125,603 | – |
This resolution was passed, as an ordinary resolution on a show of hands.
The valid proxy votes lodged for this resolution were:
FOR | AGAINST | OPEN | ABSTAIN |
123,360,410 | 653,246 | 125,603 | – |
This resolution was passed, as an ordinary resolution on a show of hands.
The valid proxy votes lodged for this resolution were:
FOR | AGAINST | OPEN | ABSTAIN |
123,354,520 | 653,246 | 131,493 | – |
For and on behalf of the Board.
Leanne Ralph
Company Secretary
Kula Gold has recently completed a high quality helicopter magnetics survey and reviewed this along with the current geological knowledge gained from the discovery of the 2.1 million ounce Mineral Resource. The highlights of this work have been presented in a number announcements and investor presentations. A detail report of the work has now been completed.
A copy of the report can be found on the below link