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An announcement from Kula Gold Limited ( (AU:KGD) ) is now available.
Kula Gold Limited announced that its joint venture partner, Aurumin Limited, has decided to retain its 20% equity interest in the Mt Palmer Gold Project. This decision underscores Aurumin’s commitment to the project and aligns both companies in their exploration efforts. Kula’s Managing Director expressed optimism about the partnership, highlighting the potential for increased cash flow as gold prices remain high, making it an exciting time for shareholders.
More about Kula Gold Limited
Kula Gold Limited operates in the mining industry, focusing primarily on gold exploration and development projects. The company is engaged in advancing its gold projects, with a particular focus on the Mt Palmer Gold Project in the Southern Cross Goldfields.
Technical Sentiment Signal: Sell
Current Market Cap: A$9.33M
See more data about KGD stock on TipRanks’ Stock Analysis page.