Kula Gold Limited announced the new Taliah Lithium Prospect in June 2023 following a geochemistry, mapping, geophysics review, taking this to a high order Lithium drill target at its 100% owned Southern Cross Lithium Project, approximately 90km North of the world class Mt Holland Lithium Mine (SQM and WES).

The Company also announced the new Sasha and Nadia Prospects – also located within Southern Cross Lithium Project – shown in Figure 1.

Prospect Highlights:

• Rock and soil sampling at the Taliah Prospect has advanced with numerous new anomalous lithium, tantalum and pathfinder results.
• Up to 214ppm Lithium (Li) and 144ppm Tantalum (Ta), plus important pathfinder elements, Tin (Sn), and Beryllium (Be).
• Structure was substantially expanded by 1km² up to 3.5km² following the key structures identified.
• Significant anomalous Lithium and prospective fractionation K/Rb ratios.
• New Sasha Prospect to the North of Taliah Prospect has a prospect size of 1.8km².
• Tenement applied for directly North of these prospects following prospective structures.

Figure 1. Location of the Taliah, Nadia and Sasha Lithium Prospects within Kula’s Southern Cross Project.

⛏️ Kula’s Chief Executive Officer Ric Dawson commented:

“The new Taliah Lithium Prospect in the Southern Cross Project with anomalous lithium and tantalum elements is advancing to a drill ready prospect.

The new Nadia and Sasha Prospects advancing quickly from a first pass programme are also very encouraging.

These results are important as they provide a geological vector towards a possible orebody below and act as a precursor to the more definitive drilling in the future. The rocks here are ~2.6B years old so the evidence at surface provides the clues to a possible orebody in the vicinity.

Considering that this tenement has had zero previous exploration recorded in this mineral rich State of Western Australia, generally the first explorer tends to discover the larger finds.”

Figure 2. Location of the Taliah, Nadia and Sasha prospects incl. rock chips and mapped geology at the new Southern Cross Project.

APPENDIX A: Significant elemental map of the Taliah Prospect.

Figure 3. Rock Sample Map at Taliah Lithium Prospect.

2023 Exploration Updates at the Southern Cross Lithium Project. 

⛏️  In June 2023 – Kula Gold was pleased to report a significant advancement of the Taliah Prospect from recent geochemistry, mapping, geophysics review taking this to a high order Lithium drill target at its 100% owned Southern Cross Project.

Figure 4: Kula’s Southern Cross Project and location of nearby infrastructure

⛏️  TALIAH PROSPECT

New reconnaissance mapping and rock chip sampling has detected anomalous readings of up to 214ppm lithium, 144ppm tantalum and 300ppm beryllium (See Table 1 on ASX PDF) which is significantly above background values of 7ppm Li, 0.6ppm Ta and 0.2ppm Be, as seen in Figures 5 and 6 and Appendix A.

A small concurrent UFF soil programme designed to test a potassium radiometric anomaly near the existing rock chip programme was completed with very encouraging results for a more extensive and expanded soils program commencing this quarter.

The rock chip samples were collected at surface from suitable subcrop and outcrop locations (Figures 4 and 5) and have confirmed the anomalism outlined in the first two surface sampling programmes, further extending and refining areas of lithium anomalism.

Multiple samples returned significant results of over 50ppm Li, 20ppm Ta, 8ppm Sn, 5ppm Be and/or 80ppm Nb (see Appendix A) which is rapidly advancing the Taliah Prospect to a drill ready status.

Figure 5: Significant lithium rock chip and soil results at the new Taliah Lithium Prospect.

In addition, analysis of the industry standard using the fractionation ratio of potassium/rubidium (K/Rb) for the Taliah Prospect is providing confidence that a moderate degree of fractionation is occurring which highlights the potential for lithium enrichment with these pegmatites (Figure 6) given increased fractionation is a key indicator for the fertility of lithium-caesium-tantalum (LCT) pegmatites.

Figure 6: Significant K/Rb fractionation ratio from rock chip and soil results at the new Taliah Lithium Prospect.

The Potassium / Rubidium (K/Rb) ratio in Table 1 reflects the degree of substitution of Rb for K in the crystal structure of mica.

A ratio of below 150 indicates a fractionated pegmatite and below 15 a highly fractionated pegmatite.

A significant number of the samples are indicative of moderately fractionated and showed LCT-fertility pegmatites.

These samples continue to improve on the surface rock chip samples reported from Kula in comparison with the previous surface samples 1.

Figure 7: Idealized concentric, regional zoning pattern in a pegmatite field, adapted from Muller et al., 2017. Characteristic rareelement suites of the most enriched pegmatites in each zone are indicated. The most enriched pegmatites tend to occur distally
with respect to the parental granite.

⛏️  NADIA PROSPECT

Newly identified Nadia Prospect located to the Northwest of the Taliah Prospect has dimensions of 600m x 100m from outcrop, however true extents of anomalism are yet to be defined.

Reconnaissance mapping and rock chipping sampling to date has detected anomalous readings of up to 36ppm lithium, 119ppm tantalum and 41ppm beryllium (Table 1) which is significantly above background of approximately 7ppm Li, 0.6ppm Ta and 0.2ppm Be.

An extensive follow-up UFF soil programme is about to commence this quarter and results will be released in the following quarter.

Highlighting all the lithium, tantalum and associated pathfinder elements for rock chips samples at the Nadia Prospect are provided in Figure 8.

Figure 8: Elements of significance for new Nadia Lithium Prospect with results >95th percentile labelled.

⛏️  SASHA PROSPECT

Newly identified Sasha Prospect to the North of Taliah Prospect (Figure 2) covers 1.8km², defined from rock chip sampling to date.

A preliminary reconnaissance mapping and rock chipping programme and has detected anomalous readings of up to 58ppm lithium, 28ppm tantalum and 18ppm beryllium, which is significantly above background of approximately 7ppm Li, 0.6ppm Ta and 0.2ppm Be (Table 1).

An extensive follow-up UFF soil programme is about to commence this quarter and results will be released in the following quarter.

Results for lithium, tantalum and associated pathfinder elements (tin, tungsten and niobium) for rock chip samples at the Sasha Prospect are provided in Figure 9.

Figure 9: Elements of significance for the new Sasha Lithium Prospect with results >95th percentile labelled.

Forward Plan

Planning process is underway for a drill programme as soon as possible, subject to regulatory approvals.

To see a full breakdown of Table 1 – View the Full ASX Announcement PDF

Previous advancements at what would become the Southern Cross Lithium Project

⛏️ March 2023 – Kula Gold is pleased to report reconnaissance field mapping and sampling on a lithium and tantalum bearing pegmatite at its 100% owned Marvel Loch-Airfield Project, approximately 90km north of the hard rock Mt Holland Lithium Mine in Western Australia.

• Rock chip sampling at Marvel Loch E77/2806 has resulted in anomalous Lithium and Tantalum results – to become the new Taliah, Nadia and Sasha Prospects.
• Up to 59.8ppm and 40.2ppm Lithium (Li) and 55.5ppm Tantalum (Ta), along a magnetic structure of up to 4km.

Kula’s Chief Executive Officer Ric Dawson said:

“This new target in the Marvel Loch-Airfield Project with a LCT suite mineralisation focus, opens up a whole new area of interest for the Company.”