Forrestania Resources secured control of >50.1% of Kula Gold shares on December 16, 2025 – see below for the updated shareholding number as of January 2026.
Visit the Forrestania website for all future developments on previously Kula-held Projects and Prospects.
https://forrestaniaresources.com.au/
Forrestania Takeover Offer for Kula Gold Process – January 2026:
Kula Gold Limited reports that in accordance with item 14 of section 633(1) of the Corporations Act 2001 (Cth) (Corporations Act) attached is a copy of the Target’s Statement issued by Kula Gold Limited in relation to the off-market takeover bid by Forrestania Resources Limited under Chapter 6 of the Corporations Act for all ordinary shares in Kula (Offer).
The Target’s Statement was lodged December 4 with the Australian Securities and Investments Commission and served on Forrestania.
Forrestania’s Bidder’s Statement was updated on December 4.
Kula Gold’s Directors unanimously recommended that Kula Gold shareholders accept the Offer in the absence of a superior proposal. Furthermore, the Directors intend to accept the Forrestania offer for their own shares in the absence of a superior proposal.
For Kula shareholders, please follow these instructions to accept the bid and head to this website: https://investor.automic.com.au/
⛏️ Prior to the Forrestania takeover in December 2025 – Kula Gold Limited was a mineral exploration company with key Gold projects in the Southern Cross Region – featuring the historic high-grade Mt Palmer Gold Mine near Marvel Loch, and the Kirup and Brunswick regions of Western Australia. The Wozi Niobium Project in Malawi was acquired in mid-2025.
⛏️ Kula has expertise in the discovery of new mineral deposits in WA, with the strategy via holding large land positions and structural geological settings capable of hosting ~+1m oz gold or equivalent sized deposits. The company also held promising projects with Lithium and Halloysite across these locations and held a Kaolin Deposit of 93.3mt at Southern Cross.
⛏️ For the latest news please visit the Forrestania Resources website.
Forrestania’s Projects in Southern Cross Region of Western Australia
Figure 1: Location map of Forrestania Resources’ projects and tenure in the Southern Cross region
