Kula to acquire the historic Mt Palmer Gold Mine last commercially mined in 1944 down to only the 6th Level (~160m) at 15.9 grams/tonne
This acquisition adds to Kula’s Marvel Loch Project with multiple gold prospects
Significant opportunity to discover additional high-grade gold mineralisation
Being just 15km from the Marvel Loch gold processing plant and infrastructure, aligns with Kula’s strategy of exploring near to existing operations to fast track any discovery to monetary success
Indications of Lithium and Rare Earth Elements (REE) in the greater Southern Cross region will provide the concepts to be analysed in addition to gold similar to the existing Wesfarmers’ Mt Holland Lithium Project
Kula to raise $1,210,000 via a placement to professional and sophisticated investors
KGD Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
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