Corporate Profile

Kula-Gold-Logo 50Kula Gold Ltd (ASX: KGD) has a history of large gold resource discoveries with its foundation Woodlark Island project in PNG where more than 1.6 million oz of gold has been discovered. After the sale of Kula’s interest in the PNG project, it is focused on identifying more gold discoveries in Australia.

The initial exploration concept for its Australian focused activities was to select tenements in greenfield type gold locations in Western Australia using analogue examples of gold in granites as the exploration model. The decision was based on the increasing number of significant granite hosted gold deposits being discovered and or delineated in the Yilgarn Block of Western Australia.

The strategy is to identify +1moz gold resources which can be commercially mined.

Kula Gold owns large land positions at Kurnalpi and Marvel Loch hosting significant geological structures capable of hosting +1moz gold resources. The exploration licenses covering 270km² are positioned adjacent to and around existing large scale gold discoveries including Southern Cross WA. The company added a new Ni-Cu-PGE Project near Brunswick in late 2020.

Low cost exploration that is effective in providing high value exploration targets provides maximum leverage for shareholders. A high proportion of capital raised is directed to targeted exploration drilling activities which are de-risked through significant amounts of pre-drilling geophysical review, historical exploration activity research and cross referencing with public source data and soil/sedimentary sampling.

Investment Highlights

  • Near Term Development Opportunity

    • Large exploration acreage positions in areas where gold and other mineral resources have been
      discovered and mined
    • Kurnalpi Lake Rebecca exploration license remains relatively unexplored but is located adjacent
      to +1 million ounce resource recently announced by Apollo Consolidated (ASX: APO)
    • Marvel Loch tenement has historical exploration which provides good targets for near term drilling program
    • Rankin Dome Gold Project has historical drill results with identified gold values of 0.46g/t Au over 2m from 10m vertical downhole in amphibolite
  • Strong Growth Potential

    • Low cost project entry from internal project identification and pegging of exploration licenses
    • Exposure to gold price with potential upside from greenfield exploration activities
    • Experienced management and technical expertise with a proven track record

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