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Kula Gold Limited ( (AU:KGD) ) has shared an announcement.
Forrestania Resources Limited has completed the acquisition of four exploration licenses from Kula Gold Ltd, enhancing its presence in the Southern Cross region of Western Australia. This strategic acquisition, adjacent to the Edna May Gold Mine, strengthens Forrestania’s gold portfolio and aligns with its growth strategy in the region, potentially impacting its market positioning and shareholder value.
More about Kula Gold Limited
Forrestania Resources Limited is an Australian resources company focused on exploring for gold, copper, and lithium in the Forrestania, Southern Cross, and Eastern Goldfields regions of Western Australia. The company holds a diverse portfolio of exploration licenses across these regions, including gold and lithium prospects near significant mining operations such as the Bounty gold mine and the Covalent Mt Holland Lithium Mine.
Average Trading Volume: 14,715,830
Technical Sentiment Signal: Sell
Current Market Cap: A$49.52M
Find detailed analytics on KGD stock on TipRanks’ Stock Analysis page.