Kula Gold Limited notes news from Foster Stockbroking regarding Pilbara Minerals and results from their Battery Materials Exchange (BMX) auction.
The US$8,575/t (for spodumene SC6 CIF China) result for Pilbara Minerals highlights Lithium profitability – with Kula’s Brunswick Lithium Project advancing exploration in the world-class Greenbushes Lithium mine region in Western Australia.
Another reason why Kula believes the Lithium business is a fantastic business to be in.
See Kula’s latest Brunswick Lithium Project Announcement here.
News Release
Date: 17 November 2022 | ASX Code: KGD
About the Company
Kula Gold Limited (ASX: KGD) is a Western Australian mineral exploration company with expertise in the discovery of new mineral deposits in WA. The strategy is via large land positions and structural geological settings capable of hosting ~+1m oz gold or equivalent sized deposits including Lithium.
The Company is advancing projects within the South West region of WA for Lithium and Gold at Brunswick, as well as Gold and PGE at Westonia adjacent to the producing Edna May Gold Mine (owned by ASX:RMS) in the WA goldfields.
The Company has a history of large resource discoveries with its foundation being the Woodlark Island Gold project in PNG, (+1m oz Gold) which was subsequently joint ventured and sold to (ASX: GPR).
Kula’s recent discovery was the large 93.3mt Boomerang Kaolin deposit near Southern Cross WA– Maiden resource announced 20 July 2022. This project is in the economic study phase and moving to PE funding or trade JV.
The exploration team are busily working towards the next mineral discovery, potentially Lithium near the world class Greenbushes Lithium Mine.
Contact the Company Secretary for more information – +61(08) 6144 0592 or cosec@kulagold.com.au
