Kula Gold Limited presents its Quarterly Activity Report for the period ended 30 June 2025.
HIGHLIGHTS
- Stage 2 RC drilling individual 1m splits returned high-grade gold results including:
- 18m @ 4.4g/t gold (from 0m) incl 2m @ 31.3g/t gold (from 15m) (25MPRC0012)
- 7m @ 7.7g/t gold (from 0m) incl 3m @ 17.2g/t gold (from 3m) (25MPRC0007)
- 4m @ 1.4g/t gold (from 15m) & 7m @ 3.5g/t gold (from 20m) (25MPRC0001)
- 7m @ 2.6g/t gold (from 0m) incl 2m @ 5.8g/t gold (from 2m) & 2m @ 2.9g/t gold (from 35m) (25MPRC0013)
- 3m composites:
- 9m @ 13.6g/t gold (from 33m) incl 3m @ 38.4g/t gold (25MPRC0018)
- 20m @ 7.5g/t gold (from 22m) incl 6m @ 23.8g/t gold (25MPRC0017)
- 3m @ 33.6g/t gold (from 18m) (25MPRC0035)
- 9m @ 4.2g/t gold (from 18m) incl 6m @ 6.0g/t gold (25MPRC0032)
- 3m @ 11.4g/t gold (from 48m) (25MPRC0023)
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Numerous north-south trending mineralised structures now intersected and to be drilled for resource definition, most situated on a granted mining lease
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The Mt Palmer Gold Project is 28km from the operating Marvel Loch gold mine
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Resource definition work on the historic tailings is nearing completion in early Q3
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Kula has met expenditure to earn 80% of the Mt Palmer Gold Mine JV
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Kula is seeking JV/sale for the Kirup Project – Mustang Prospect
Figure 1 – Kula’s Projects in Western Australia
MT PALMER GOLD MINE – 80%
Drilling Programmes
- Drilling results were received for the Stage 2 RC drilling individual 1m splits. High-grade gold results included:
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- 18m @ 4.4g/t gold (from 0m) incl 2m @ 31.3g/t gold (from 15m) (25MPRC0012)
- 7m @ 7.7g/t gold (from 0m) incl 3m @ 17.2g/t gold (from 3m) (25MPRC0007)
- 4m @ 1.4g/t gold (from 15m) & 7m @ 3.5g/t gold (from 20m) (25MPRC0001)
- 7m @ 2.6g/t gold (from 0m) incl 2m @ 5.8g/t gold (from 2m) & 2m @ 2.9g/t gold (from 35m) (25MPRC0013)
- 3m composites:
- 9m @ 13.6g/t gold (from 33m) incl 3m @ 38.4g/t gold (25MPRC0018)
- 20m @ 7.5g/t gold (from 22m) incl 6m @ 23.8g/t gold (25MPRC0017)
- 3m @ 33.6g/t gold (from 18m) (25MPRC0035)
- 9m @ 4.2g/t gold (from 18m) incl 6m @ 6.0g/t gold (25MPRC0032)
- 3m @ 11.4g/t gold (from 48m) (25MPRC0023)
Further results are being processed on holes 25MPRC0016 – 25MPRC0038 involving the 1m individual splits.
These are drill widths, true width to be confirmed with future drilling.
For full results refer ASX announcement dated 23 June 2025 – Up to an ounce per tonne Gold Drilling Results – Mt Palmer and ASX announcement dated 10 June 2025 – High Grade Gold Drill Intercepts Continue – Mt Palmer.
The shallow nature of the results are showing early potential for low-cost open pit configuration extraction, subject to ongoing drilling programmes and mining studies.
During the quarter under review, the Company met its expenditure requirements to earn to 80% and takes a major position in the very promising ~10km gold belt.
KIRUP PROJECT – 70%
Mustang Prospect
The Company reported highly encouraging results from drilling supported by the Western Australian Government’s Exploration Incentive Scheme (EIS). Kula was allocated EIS funding of up to $180,000 of which approximately $140,000 remains to the end of November 2025.
The ongoing mapping, soil sampling and rock chipping programmes recorded a new high-grade rock chip gold assay of 4.3g/t, 200m from the drill intercept of 2m @ 2.3g/t gold from 34m.
In total, 7 rock chips samples were collected of which 6 samples were below detection or of a low-grade gold result.
Follow up UFF soil geochemistry, close spaced drone magnetics, followed by RC/AC drilling is being planned to advance this to the next stage.
Kula is actively marketing this project, and welcome any inquires to cosec@kulagold.com.au
WOZI NIOBIUM PROJECT – 75%
Subsequent to the quarter under review, the Company announced that is has received formal approval of the grant of the Wozi Niobium Project tenement by the Director General of Malawi Government’s Mining and Minerals Regulatory Authority.
The next steps will be to conduct a field programme to confirm the historic niobium and tantalum trenching results and to expand the sampling area. The exploration programmes will advance towards a maiden drilling programme in Q4 2025. Additional tenure is also under evaluation.
Competent Person Statement
The information in this report that relates to geology, exploration and visual estimates is based on, and fairly represents, information and supporting documentation 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 and is a related party of the Company. 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). This market announcement is issued with the prior written consent of Mr. Dawson as to the form and context in which the exploration results, visual estimates and the supporting documentation are presented in the market announcement.
References:
MT PALMER GOLD MINE
ASX Release – Mt Palmer Gold Mine 80% Earn-in Expenditure Completed – 2 April 2025
ASX Release – Gold Drilling Results – Mt Palmer Project – 14 April 2025
ASX Release – High Grade Gold Drill Intercepts Continue – Mt Palmer – 10 June 2025
ASX Release – Up to an ounce per tonne Gold Drilling Results – Mt Palmer – 23 June 2025
KIRUP PROJECT – MUSTANG PROSPECT
ASX Release – 4.3g/t Gold Result – Mustang Gold Prospect – 1 April 2025
ASX Release – Mustang Gold Prospect – Update – Amended – 8 April 2025
ASX Release – Mustang Gold Prospect – Results Update – 10 April 2025
ASX Release – Fully Retracted Statements With Previous Announcements – 11 April 2025
WOZI NIOBIUM PROJECT
ASX Release – Critical Minerals – Niobium Project Granted in Malawi – 4 July 2025
News Release
Date: 16 July 2025 | 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 WA goldfields at the Mt Palmer Gold Project at Marvel Loch Southern Cross, the South West region of WA for Lithium and Gold at Kirup and Brunswick – near the world class Greenbushes Lithium Mine, as well Lithium at the Taliah-Nadia-Sasha Prospects at Southern Cross, and Gold and PGE at Westonia (adjacent to the producing Edna May Gold Mine – owned by ASX:RMS).
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
