Kula Gold Limited reports the commencement of drilling at the Company’s Mustang Gold Prospect within the Kirup Project located near Donnybrook, Western Australia approximately 110km SW of the Boddington Gold Mine. HIGHLIGHTS Reconnaissance RC drilling programme has commenced today at Kula's Mustang Gold Prospect with Stark Drilling Western Australian Government’s Exploration Incentive Scheme (EIS) support to fund RC drill plan Kula’s Managing Director Ric Dawson comments: “Exciting to commence RC drilling at the Mustang Prospect following a fully peer reviewed successful EIS application over a high order 0.8km gold prospect. This is Kula’s first successful [...]

Kula Gold Limited reports an exploration update at the Company’s Kirup Project located near Donnybrook, WA approximately 110km SW of the Boddington Gold Mine with the Company securing EIS co-funding from the WA Government Department of Mines for drilling at its Mustang Gold Prospect. HIGHLIGHTS Western Australia Government’s Exploration Incentive Scheme (EIS) application is successful following rigorous independent GSWA review 50% funding of direct drilling and mobilisation costs incurred up to $180,000 Reconnaissance RC drilling programme set to commence 1 December 2024 Value accretive new target to add to the advancing Mt Palmer Gold Project View [...]

Kula Gold Limited reports the Company has identified substantial epithermal gold prospectivity at both the Cobra and Mustang Prospects during recent drilling within its Kirup Project, with rock chip results to 3.5g/t gold. Kula reports the recent RC drilling programme at the Cobra Prospect failed to intercept economic lithium mineralisation with the best result being in hole 23CPRC002 with a composite interval of 4m @ 178ppm from 116m. Kula’s Managing Director Ric Dawson comments: "The Company is obviously disappointed in not intercepting economic lithium mineralisation greater than surface rock chips, we had expectations that the [...]

Kula Gold Limited reports that drillhole logging at the Cobra Lithium Prospect, has been successful in intersecting pegmatites over multiple intervals to 210m down hole depth. The Kirup Lithium Project (Figure 1) is located 20km West of the Greenbushes Lithium Mine, with the Company's current drilling campaign at Cobra located within Kirup. Kula’s Managing Director Ric Dawson said “The maiden Cobra RC drill program intersecting the appropriate rock types that traditionally host LCT mineralisation is a positive start. The combination of encouraging outcrop, geochemistry and geophysics is now evident in the subsurface drilling.” It is worth [...]

Kula Gold Limited notes with interest an ABC news report on Talison Lithium's plans to run a multi-million-dollar study to examine the feasibility of reopening a railway line near Donnybrook in Western Australia, not used for more than 15 years. Talison operates the Greenbushes Lithium Mine - the world's largest hard rock lithium mine - and Kula's Kirup and Brunswick Lithium Projects are within 25km of Greenbushes, meaning the prospect of the railway reopening is intriguing to the Company. Kula is currently undertaking an RC Drilling program at its Cobra Lithium Prospect (approximately 20km from Greenbushes), with the Board [...]