⛏️ Kula Gold Limited notes the takeover bid for Apollo Consolidated – with its Lake Rebecca Project neighbouring Kula’s Kurnalpi-Lake Rebecca Project – with Apollo’s directors unanimously recommending shareholders accept an offer from Ramelius Resources to takeover the company. The Ramelius’ Edna May Gold Mine also neighbours Kula’s Westonia tenements.
From the joint Apollo-Ramelius Press Release on 18 October 2021:
Apollo’s Lake Rebecca Project is located in Australia’s premier gold province and with a current total Mineral Resource estimate of 29.1 Mt @ 1.2 g/t for 1.1 million ounces, and Lake Rebecca provides a highly attractive platform for the potential future development of a new production centre for Ramelius.
The Apollo Board of Directors unanimously recommend that Apollo shareholders accept the Offer, in the absence of a superior offer.
This tenement is adjacent to the north of Kula’s Kurnalpi-Lake Rebecca Project which covers 310km², identified on the map below.
Here is an overview of Kula’s Kurnalpi-Lake Rebecca Project as of October 2021, in the latest Investor Presentation.
– News Release –
Date: 18 October 2021 | ASX Code: KGD
About the Company
Kula Gold Ltd (ASX: KGD) is a Western Australia gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has various gold, copper, nickel, PGE and kaolin projects across the Southern Cross region including Marvel Loch, Rankin Dome, Boomerang and Westonia, as well as near Brunswick and Kurnalpi-Lake Rebecca. The company has a history of large gold resource discoveries with its foundation Woodlark Island project in PNG.
Contact the Company Secretary on Tel: +61(08) 6144 0592 or via firstname.lastname@example.org