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Kula Gold Limited (ASX:KGD)

ALERT: Price-sensitive ASX Announcement for KGD
Current share price for KGD : $0.080 0.039 (95.12%)+
Announcement
Release
22 Dec 2025 9:38AM
Price at Release
$0.041
Full Release
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Summary
Kula Gold Limited announced outstanding high-grade gold results from their Mt Palmer Gold Project in Western Australia. Significant drill findings include 1.2m at 13.9 g/t gold and 7m at 10.65 g/t gold. The project has identified nine zones along a 3km strike for resource definition drilling. The results highlight the project's potential, with ongoing explorations and a takeover bid by Forrestania Resources Ltd reaching over 73%. Shareholders are encouraged to accept the bid, which awaits being declared unconditional.
Key Points
  • Outstanding gold results at Mt Palmer Gold Project.
  • Significant drill intersections include 1.2m at 13.9 g/t and 7m at 10.65 g/t gold.
  • Nine zones identified for resource definition along a 3km strike.
  • Forrestania Resources Ltd has a 73% bid for Kula Gold.
  • Shareholders recommended to accept the takeover bid.
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.