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Kula Gold Limited (ASX:KGD)
ALERT: Price-sensitive ASX Announcement for KGD
Current share price for KGD : $0.080 0.038 (90.48%)+
Announcement
Release
16 Dec 2025 9:33AM
Price at Release
$0.042
Full Release
Summary
Forrestania Resources Limited (ASX: FRS) has successfully secured control of Kula Gold Limited (ASX: KGD) by receiving acceptances for over 50.1% of Kula's shares. This acquisition supports Forrestania's strategy for regional consolidation across the Southern Cross and Forrestania greenstone belts, with the potential to enhance gold production utilizing the Lake Johnston processing infrastructure. The offer remains open, urging remaining Kula shareholders to accept promptly. This move marks a significant step towards Forrestania's goal of advancing gold exploration and production in Western Australia's key mining districts.
Key Points
- Forrestania Resources has acquired over 50.1% of Kula Gold shares.
- The acquisition aligns with regional consolidation strategy.
- Potential for near-term gold production with Lake Johnston infrastructure.
- The offer to Kula shareholders remains open for acceptance.
- This move aims to unlock synergies and efficiencies in gold production.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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