Kula Gold Limited is pleased to announce that a conditional scrip takeover bid for all of Kula Gold’s shares has been received from Forrestania Resources Limited.
Kula Gold Chairman Mark Stowell commented.
“Kula has managed to unearth the gold potential of Mt Palmer over the last 18 months, which is a real credit to our team members,”
“Merging into the Forrestania group as part of a consolidation of numerous gold resources in the Southern Cross goldfields, is a substantial and accelerated step towards getting into gold production for the benefit of our shareholders.
The Forrestania team led by David Geraghty have considerable experience in building and operating mines, which is a critical component of our combined growth path.”
News Release
Date: 14 October 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. The Company added the Wozi Niobium Project in Malawai in mid-2025.
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
