Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Kula Gold Limited ( (AU:KGD) ) just unveiled an update.
Kula Gold Limited has completed the divestment of its Westonia Project to Forrestania Resources Limited for an initial cash settlement of $500,000, with an additional $1,000,000 contingent on the discovery of a JORC-compliant Mineral Resource of at least 100,000 ounces of gold. This strategic move allows Kula to focus on its core project, the Mt Palmer Gold Project, where active drilling is underway, potentially enhancing its market position and operational focus.
More about Kula Gold Limited
Kula Gold Limited is a company operating in the mining industry, focusing on the exploration and development of gold projects. The company is currently concentrating its efforts on advancing the Mt Palmer Gold Project.
Average Trading Volume: 14,715,830
Technical Sentiment Signal: Sell
Current Market Cap: A$49.52M
For detailed information about KGD stock, go to TipRanks’ Stock Analysis page.