Kula Gold Limited is pleased to announce that Mr Ric Dawson, has been appointed Managing Director with immediate effect.
“We are delighted to appoint Ric to the Managing Director role at a time when our exploration plans are accelerating. Ric has been guiding/leading our management and Lithium exploration at the Brunswick/Kirup projects and will now draw on his exploration expertise as we commence drilling the large 2km x 300m Cobra Lithium Prospect 20km from Greenbushes,“ Kula Chairman Mark Stowell said.
Dawson holds a BAppSc (Geology) from Curtin University and an MBA from the University of Western Australia.
He has over 20 years’ experience in gold, nickel, copper and kaolin projects throughout Western Australia and the Northern Territory, and as a stockbroker/analyst during that time. Dawson has previously held the Manager Director roles with ASX listed companies Prosperity Resources Ltd and Altech Ltd.
Dawson’s particular fields of expertise are in target generation and evaluation of Archean shear-vein style, IOGC and hydrothermal porphyry gold in Australia and Indonesia. He was also involved in the development of the initial Australian studies into production of high purity alumna from kaolin deposits. He played key roles in the advancement and development of gold deposits, including Melville Deposit, the Masuparia Project and various Tennant Creek projects and the research and development of the process of converting kaolin to high purity alumina at the Meckering Project in Western Australia.
Mr John Hannaford has retired as a director to focus on other business activities, and the Board extend their gratitude to Mr Hannaford for his valued contribution to the Company.
Kula’s focus now shifts to continuing its drilling program at Kirup – in particular at the Cobra Prospect, as highlighted in the Company’s Corporate Presentation in September 2023.
Figure 1: Location of Cobra and Falcon Prospect over regional TMI_RTP magnetics.
Competent Person Statement
The information in this report that relates to geology and exploration is based on information compiled by Mr. Ric Dawson, a Competent Person who is a member of the Australian Institute of Mining and Metallurgy. Mr. Dawson is a Geology and Exploration Consultant who has been engaged by Kula Gold Limited. Mr. Dawson has sufficient experience, which is relevant to the style of mineralisation, geology and type of deposit under consideration and to the activity being undertaken to qualify as a competent person under the 2012 edition of the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (the 2012 JORC Code). Mr. Dawson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
News Release
Date: 18 October 2023 | 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 and Kirup, as well as Gold and PGE at Westonia adjacent to the producing Edna May Gold Mine (owned by ASX:RMS) in the WA goldfields at Southern Cross.
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 discovered 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 at Brunswick and Kirup, potentially Lithium, Caesium or Tantalum near the world class Greenbushes Lithium Mine.
Contact the Company Secretary for more information – +61(08) 6144 0592 or cosec@kulagold.com.au
