Announcement: Kula Gold to cease trading from close of trading on 29 January 2026, with compulsory acquisition by Forrestania Resources.
Kula Gold Limited refers to the off-market takeover bid by Forrestania Resources Limited, and following which FRS is compulsorily acquiring the remaining shares in Kula that it does not hold.
Kula notes that its shares will, as a result of FRS’s compulsory acquisition and in accordance with Listing Rule 17.4, be suspended from trading from close of trading today. In accordance with Listing Rule 17.14, Kula will be removed from the official list from close of trading on 3 February 2026.
This release was authorised by the Board.
Please visit the Forrestania website for all future developments on previously Kula-held Projects and Prospects.
https://forrestaniaresources.com.au/
Forrestania Resources secured control of >50.1% of Kula Gold shares on December 16, 2025 – and as of 27 January 2026, FRS had secured 93.75% and is proceeding to Compulsory Acquisition of Kula Gold.
Accordingly, Forrestania has commenced the process to compulsorily acquire the remaining Kula shares that it does not have a relevant interest in under the compulsory acquisition provisions of the Corporations Act 2001 (Cth) (Corporations Act). The compulsory acquisition of the remaining Kula shares will be on the same terms as the Offer (as applicable). See FRS ASX Release 21 January 2026
Kula securityholders that have any questions relating to the compulsory acquisition process should contact Automic on the dedicated line for the Offer on 1300 824 174 (within Australia) and +61 2 8072 1480 (outside Australia) or their legal, financial or professional advisor.
Forrestania Takeover Offer for Kula Gold Process – This bid process closed on 22 January 2026.
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 [...]