Kula Gold Limited reports progress on the drilling programme at the Company’s Mt Palmer Gold Project in WA’s Southern Cross Goldfields.
HIGHLIGHTS
- A large RC rig has commenced drilling to complete Phase 1 of the drilling programme
- Diamond drilling completed – structural analysis completed and assays in transit to lab
- Track-mounted RC rig completed – assays pending
Kula’s Managing Director Ric Dawson comments:
“We are pleased with the progress of the Phase 1 drilling campaign and look forward to completing it.
The knowledge obtained from this drilling will continue to unlock the structural characteristics at Mt Palmer and assist in resource drilling in the next phases.”
Figure 1: RC drilling in progress at the Mt Palmer Gold Project.
Mt Palmer Drilling Programmes
A larger RC rig has commenced drilling to complete the Phase 1 programme.
Diamond drilling has been completed as well as structural analysis of core by Model Earth Structural Consultants.
Samples are in preparation for transport to the laboratory.
Track-mounted RC rig drilling was completed – assays pending. Results will be reported in due course.
The results from the above work will feed into the Phase 2 drilling programme scheduled to commence in November 2025.
Figure 2: Kula’s Marvel Loch Region Prospects.
Mt Palmer Gold Mine
The mine produced over 150,000 ounces of gold at 15.9 g/t in the period 1934 to 1944 and is north of the Nevoria Gold Mine (+600,000 ounces of gold), east of the circa 3-million-ounce Marvel Loch Gold Mine. The mine closed in part due to World War 2 when the miners left to join the war and it never re-opened. Detailed structural analysis continues to define the location/plunge extensions of the fabulously rich old, mineralised zones of gold mined historically, and this new diamond core drilling programme will significantly add to the analysis. Given the abrupt end to mining in 1944, the opportunity for other undiscovered orebodies is a high probability as demonstrated by recent high grade shallow gold results.
Competent Person Statement
The information in this announcement 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. All drill results reported are drill widths unless otherwise noted.
News Release
Date: 9 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
