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Kula Gold Limited ( (AU:KGD) ) has shared an announcement.
Kula Gold Limited has announced the sale of its Westonia Project to Forrestania Resources Limited for an initial cash payment of $500,000, with an additional $1,000,000 contingent on discovering a JORC-compliant Mineral Resource of at least 100,000 ounces of gold or equivalent. This divestment supports Kula’s strategic focus on its Mt Palmer Gold Project, where active diamond drilling is underway, potentially enhancing its operational efficiency and market positioning.
More about Kula Gold Limited
Kula Gold Limited operates in the mining industry, focusing on the exploration and development of gold projects. The company is primarily engaged in advancing its Mt Palmer Gold Project, reflecting a strategic focus on gold mining and exploration.
Average Trading Volume: 19,305,219
Technical Sentiment Signal: Sell
Current Market Cap: A$24.88M
Learn more about KGD stock on TipRanks’ Stock Analysis page.