Forrestania Resources has struck a deal worth $59 million to acquire Kula Gold, as the junior furthers its ambitions to become an emerging WA-based producer.
Bulls N' Bears ASX Runner of the Week is… Stakk Limited, after it inked a blockbuster Robinhood deal to power its banking push with embedded finance tech. Carnegie Clean Energy's wave power whiz caught some US OTC buzz without a whisper of news, Lord Resources' copper visuals at Ilgarari sparked a drilling frenzy in WA, and Kula Gold's visible gold hits at Mt Palmer lit up the Southern Cross goldfields amid small-cap fireworks and resource blues.
Kula Gold/Aurumin Ltd have reported a 98,534-tonne maiden resource grading 0.63g/t gold for tailings at their joint venture Mt Palmer project in WA's Goldfields, boosting the project's early monetisation potential. The inferred resource, defined by 60 air core drill holes, contains 1996 ounces of gold at a 0.4g/t cut-off, with preliminary metallurgical testwork showing an average 86 per cent gold recovery rate.
Aurumin Limited and Kula Gold have continued to resurrect a forgotten gem in Western Australia's Southern Cross Goldfields after hauling in another series of dazzling drill hits at the historic Mt Palmer mine. The latest reverse circulation drilling program delivered some serious eye candy for gold bugs, with a standout shallow intercept of 3m at 35.9g/t gold from just 17m, including 1m at 83.6g/t, catching investors' attention.
Aurumin has called in the experts to help it assess newly-found iron ore potential at its flagship Sandstone project in Western Australia's Mid West region, in what could become a significant add-on to its gold prospects. The company has engaged Southern Geoscience to undertake modelling of the existing geophysical datasets from its past gold exploration activities in a bid to generate iron ore targets.
Aurumin has unmasked what it says is a “real” high-grade iron ore discovery with the potential for significant scale at its flagship Sandstone gold project in Western Australia's Mid West region. The company has confirmed high-grade rock chip assays up to 67 per cent iron in banded-iron formations within a discontinuous strike of about 6km at the site.
Aurumin has unveiled a new suite of positive gold hits from four of its seven new targets at the company's 881,000-ounce Sandstone gold project in Western Australia following a first-pass reverse-circulation drilling campaign. With more imminent drilling to come, the latest finds build on results in May that included a bonanza 1m intersection of 344g/t from the company's Plum Pudding target.
ASX-listed Aurumin will focus its attention on its flagship Sandstone gold project in Western Australia's Mid West region after completing the last of its strategic divestments near Southern Cross in a deal with Kula Gold. The company has entered into a binding term sheet for Kula to acquire an initial 51 per cent interest in the Mt Palmer project for $250,000 in cash or shares.
This week's Bulls N' Bears top ASX runner is … Kula Gold. Its share price rose 100 per cent to join fellow movers and shakers Tali Digital, Bioxyne and Venture Minerals.
This week's Bulls N' Bears profiled ASX runner is… Kula Gold. Its share price jumped more than 184 per cent to join other impressive companies including MetalsTech, Firebrick Pharma and Cooper Metals.
Our board moves wrap includes Salome Sijaona, Philip Crutchfield, Ric Dawson, John Hannaford, Linda Friedland, ZaiQian Zhang, Su-Mei Sain, and Benjamin Donovan.
The recently released Federal Budget has highlighted the importance of the mining and resources industry to the Australian economy with a particular focus on the critical minerals sector. One of the most important commodities to the current market is lithium due to the importance of the metal to the electric vehicle and battery sector.
Our board moves wrap includes Dan Lougher, Geoff Jones, Tony Patrizi, Romolo Santoro, Harry Spindler, Ric Dawson, Paul Brown, Ian Finch, and Patrick Burke.
After setting out in search of lithium and gold, Kula Gold fired a second volley of auger holes into its Rankin Dome project in WA's Southern Cross region and struck a welcome cluster of rare earth elements. The program uncovered some impressive results across the tenure with 70 per cent of the 375 samples registering more than 115ppm total rare earth elements with two samples peaking at 1080ppm.
Kula Gold's first pass soil sampling over its wholly-owned Brunswick project in WA's southwest has returned gold, platinum, palladium and copper anomalies over a magnetic feature it has dubbed the Hippy Lady prospect. The company believes the target is prospective for Julimar-style mineralisation and is now planning a follow up infill soils program to home in on future drilling locations.
Multi-mineral explorer Kula Gold has flicked the switch on an electromagnetic survey across a number of key targets at its Brunswick nickel-platinum group elements project in the well-addressed West Yilgarn province in WA. The West Yilgarn is host to the world-class Boddington gold mine and Julimar Gonneville copper-nickel-platinum group elements discovery.
Perth-based explorer Kula Gold is closing in on the finish line of a diamond drilling campaign at its Boomerang kaolin prospect, part of the larger Marvel Loch – Airfield project near Southern Cross in Western Australia. According to the company, the campaign marks its final stage of fieldwork for resource studies and says its metallurgical test work is nearing a conclusion.
Southern Cross-focussed Kula Gold has added lithium to its shopping list after geochemical sampling yielded a lithium cluster at its Rankin Dome project in eastern WA. Kula has been chasing kaolin, gold and base metals across its four project areas and the new lithium results add an unexpected element of blue sky to the project.
ASX-Listed kaolin and gold explorer Kula Gold has restarted drilling at its 100 per cent owned Boomerang Kaolin prospect to finish a previously planned 62-hole program before adding a further 18 RC drillholes. Logging to date has displayed an average kaolin vertical thickness of 29 metres with an average depth of 5.7m below surface. The gold potential is also being tested in the bedrock beneath.
Kula Gold is back at work at its Marvel Loch-Airfield project in the Southern Cross region of WA. The company's 62-hole RC drilling onslaught of its kaolin and halloysite ground at the Boomerang prospect is again springing to life. Management says the campaign is aimed at defining the geographic extent and assessing the resource potential of the area.
Kula Gold has polished off a diamond drilling program at its Crayfish gold target in the fruitful Southern Cross goldfields of WA, intersecting a trifecta of greenstone and quartz veins in each of the three holes plunged. The company is now set to run its geological interpretation thumb across its latest samples and push its new core to a laboratory for assay analysis.
Kula Gold has successfully intersected multiple, thick kaolin sections at its Boomerang Kaolin prospect at the company's Marvel Loch-Airfield gold project near Southern Cross where drilling is ongoing. Logging of 25 RC drill holes to date shows an average vertical thickness of 30m of white kaolin clays that start from approximately 6.5 metres vertical depth.
Kula Gold continues to plumb the depths of the Crayfish gold target at its 100 per cent owned Marvel Loch project in the prolific Southern Cross goldfields in Western Australia. Diamond drilling has just commenced at the newly discovered prospect, extending recently drilled RC holes aimed at unravelling the geological secrets of gold-bearing rocks and structures.
Junior explorer Kula Gold has locked onto a new gold prospect known as “G-Star” at its Marvel Loch-Airfield project in the prolific Southern Cross goldfields in Western Australia. First pass auger drilling has revealed a gold anomaly striking over 2.2km which remains open to the northwest. Follow up sampling was completed during October with samples awaiting assay.
ASX-listed Kula Gold is looking to head into the new year with a slurry of results from six months of drilling across its expanding tenement package in key prospective West Australian terranes, including the developing South West terrane and West Yilgarn nickel, copper and PGE province. A follow-up program at the company's recently discovered Boomerang kaolin-halloysite project near Southern Cross is high on the company's agenda.
ASX listed Kula Gold has its foot on another couple of exploration licences that are contiguous with the central part of its broader WA Brunswick tenement and the company has already collected several high-grade rock chips from the newly acquired ground that contains the historic Donnybrook gold mine. Interestingly, the high grades correlate well with historic drill assays in the area which graded up to 9.92 grams per tonnes gold.
Kula Gold continues to tick boxes in its exploration efforts in Western Australia with SEM imaging confirming the qualitative nature of its halloysite over a 10m interval that graded an impressive 7 per cent halloysite at its exciting Boomerang discovery near Southern Cross. Elsewhere, the company has beefed up its Brunswick tenure east of Bunbury with acquisition of the historical Donnybrook gold mine.
Kula Gold has dished up thick, shallow hits of bright white kaolin from a maiden drilling program at its 100 per cent owned Airfield project near Southern Cross in Western Australia. All three holes hit kaolin clay zones averaging 42m thickness from just 5m below surface, sending the company's share price soaring by over 50 per cent in morning trading.
Kula Gold says it has achieved a “major technical breakthrough” in its hunt for significant new Archean lode-style gold deposits in unexplored terrane next to gold mines between Southern Cross and Nevoria in WA that have underpinned regional production of 15 million ounces of gold at grades between 3 and 5 grams per tonne. Drilling has picked up Archean greenstones where none were previously mapped.
Our board moves wrap includes Steven Jackson, John Hannaford, Michael Soucik, Peter Sullivan, Nick Cernotta, Simon Ingleson, Gianmarco Orgnoni, and Stuart Usher.
Our daily board moves wrap includes Garry Perotti, Simon Adams, Reina Nicholls, Michael Rennie, Brian Phillips, Rob Tyson, Alan Bye, and Phillip Lockyer.
Our daily board moves wrap includes Mark Clark, Mark Okeby, Douglas Jendry, Mark McAuliffe, Oonagh Malone, David Palumbo, Nathan Lude, Fei Peng, Ron Heeks, Matthew Smith, Glenn Zamudio, Ian Clyne, Simon Adams, Garry Perotti, Mark Stowell, and Mark Bojanjac.
Eon NRG is pleased to announce that the Company's rights issue, as detailed in the Prospectus dated 6 February 2019, has been well supported by Eon's shareholders and new investors and is now close
Paul Thomson has signed a new service agreement with A-CAP Resources and will transition from his current role of managing director to chief executive.
Geopacific Resources has acquired a majority stake in Kula Gold after the takeover target's largest shareholder accepted Geopacific's recently increased offer.
