Kula Gold Limited Managing Director Ric Dawson spoke with Ashtyn Hiron from Stockhead TV to discuss Kula’s Boomerang Gold and Mustang Gold Prospects located within the Southern Cross and Kirup regions of Western Australia.
“We’ve focused on gold for 2024 and we believe the gold industry has been a bit neglected. We are very excited about our gold prospects, especially at Marvel Loch (at Southern Cross) with our prospect called Boomerang Gold.
Boomerang is where we are going to be working on shortly, and we’ve got a team at Kirup doing soil sampling on the Mustang Gold Prospect (in south western WA).
Gold has been overlooked for the last year but at the moment it is a very good commodity (at nearly $3,000 an ounce at time of recording).”
MAP OF KULA’S MARVEL LOCH PROJECT AT SOUTHERN CROSS
Boomerang Gold is located at the same spot on the map as the Boomerang Kaolin 93.3mt deposit within Marvel Loch (E77/2621).
Figure 1: Kula’s Marvel Loch Project featuring the key prospects within.
MAP OF KULA’S KIRUP PROJECT
Figure 2: Kula’s Kirup & Brunswick Project’s, location of Greenbushes Mine & Albemarle’s Kemerton Lithium Hydroxide Plant.
News Release
Date: 11 March 2024 | 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.
The Company is advancing gold projects within the WA goldfields at Southern Cross and at Westonia (adjacent to the producing Edna May Gold Mine – owned by ASX:RMS), as well as the South West region of WA for Lithium and Gold at Kirup and Brunswick – near the world class Greenbushes Lithium Mine, and Lithium at the Taliah-Nadia-Sasha Prospects near Southern Cross.
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 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).
Contact the Company Secretary for more information – +61(08) 6144 0592 or cosec@kulagold.com.au
