Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman Mark Stowell was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Oct 14
Forrestania Resources Limited (ASX:FRS) entered into a Bid Implementation Deed to acquire remaining 87.44% stake in Kula Gold Limited (ASX:KGD) for AUD 44.1 million. Forrestania Resources Limited (ASX:FRS) entered into a Bid Implementation Deed to acquire remaining 87.44% stake in Kula Gold Limited (ASX:KGD) for AUD 44.1 million on October 14, 2025. Under the terms of the Offer, the Company will offer 1 fully paid ordinary shares in FRS for every 5.6 Kula Gold Limited shares held. The Agreement is subject to certain conditions such as FRS obtains a relevant interest in at least 50% of KGD’s shares, there are no “Prescribed Occurrences between the Announcement Date and the date 3 business days after the end of the Offer Period, there is no material adverse change in KGD, no governmental agency, court, or regulatory authority has taken (or is threatening to take) any action, investigation, or proceeding that would restrain, prohibit, or otherwise materially impede the making or completion of the Offer, or require divestiture of any KGD shares or material assets, The Offer does not trigger any changeof-control or similar rights under KGD’s material agreements. KGD’s Board has unanimously recommended that shareholders accept the Offer, in absence of a superior proposal, and that each director intends to accept the Offer in respect of the shares they hold or control. Offer period ends on December 1, 2025.
Bell Potter Securities Ltd is acting as financial adviser and Steinepreis Paganin are acting as legal advisor to FRS. Ankündigung • Sep 24
Forrestania Resources Limited (ASX:FRS) entered into a sale and purchase agreement to acquire four granted exploration licences adjacent to the Edna May Gold Mine from Kula Gold Limited (ASX:KGD) for AUD 1.5 million. Forrestania Resources Limited (ASX:FRS) entered into a sale and purchase agreement to acquire four granted exploration licences adjacent to the Edna May Gold Mine from Kula Gold Limited (ASX:KGD) for AUD 1.5 million on September 23, 2025. A cash consideration of AUD 0.5 million will be paid by Forrestania Resources Limited within in 7 days of the agreement and an earnout payment of AUD 1 million cash once the reporting an Inferred Mineral Resource in accordance with the JORC of 100,000 ounces of gold or equivalent has been achieved.
The transaction is subject to approval by regulatory board / committee and consummation of due diligence investigation. Ankündigung • Sep 23
Kula Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 2.528434 million. Kula Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 2.528434 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 114,928,805
Price\Range: AUD 0.022
Transaction Features: Subsequent Direct Listing Ankündigung • Aug 15
Kula Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 0.75 million. Kula Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 0.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 115,384,615
Price\Range: AUD 0.0065
Discount Per Security: AUD 0.00039
Transaction Features: Subsequent Direct Listing Ankündigung • Aug 13
Kula Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 0.75 million. Kula Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 0.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 115,384,615
Price\Range: AUD 0.0065
Discount Per Security: AUD 0.00039
Transaction Features: Subsequent Direct Listing Ankündigung • Apr 23
Kula Gold Limited, Annual General Meeting, May 22, 2025 Kula Gold Limited, Annual General Meeting, May 22, 2025. Location: at suite 2, 20 howard street, perth, western australia 6000, Australia Ankündigung • Apr 09
Kula Gold Limited Provides Update on Mustang Gold Prospect Kula Gold Limited reported ongoing positive results from this potentially new gold system where no prior gold exploration has ever been conducted. The ongoing mapping, soil sampling and rock chipping programmes at Kula's Mustang Gold Prospect has a new high grade rock chip gold assay of 4.3g/t, 200m from the significant drill intercept of 2m @ 2.3g/t gold from 34m. New infill UFF soil programme results pending. The maiden RC drillhole into the previously reported 800m soil anomaly potentially indicates a new gold system. Mr. Dawson has sufficient experience, which is relevant to the style of mineralisation, geology and type of deposit under consideration and to the activity being undertaken to qualify as a competent person under the 2012 edition of the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (the 2012 JORC Code). Ankündigung • Apr 02
Kula Gold Limited Reports Some Significant Updates on the Mt Palmer Gold Mine Located Near Marvel Loch WA in the Southern Cross Goldfields in JV with Aurumin Limited Kula Gold Limited reported some significant updates on the Mt Palmer Gold Mine located near Marvel Loch WA in the Southern Cross Goldfields in JV with Aurumin Limited. About the Mt Palmer Gold Mine: The mine produced over 150,000 ounces of gold at 15.9 g/t in the period 1934 to 1944 and is north of the Nevoria Gold Mine (+600,000 ounces of gold), east of the circa 2.4 million ounce Marvel Loch Gold Mine. The Mt Palmer mine closed in part due to the continuation of World War 2 severely restricting access to labour and materials and subsequently the mine flooded and was never reopened. Limited systematic exploration since that time has been carried out. Mt Palmer - Bryant's Lode Mt Palmer Bryant's Lode returned 12m @ 3.4g/t from 24m in 3m composite samples in air core drilling. (25MPAC0062). This result adds to previous results including: 4m @ 3.02g/t gold from 18m near surface (24MPKC005) 7m @ 3g/t gold including 1m @ 10.6g/t gold (MPRC078) These are drill widths, true width to be confirmed with future drilling and once individual 1m intervals are assayed. This lode is 500m south of the main Mt Palmer Gold Mine workings and starting to demonstrate a contiguous zone of shallow gold mineralisation open north, south and at depth. Work to follow up this prospect continues with a completed RC drill hole with assays pending. Ankündigung • Feb 21
Kula Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 1.390209 million. Kula Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 1.390209 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 66,441,764
Price\Range: AUD 0.005
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 211,600,000
Price\Range: AUD 0.005
Transaction Features: Rights Offering Ankündigung • Jan 06
Kula Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 1.60803 million. Kula Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 1.60803 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 321,605,960
Price\Range: AUD 0.005
Transaction Features: Rights Offering Ankündigung • Jul 12
Kula Gold Limited (ASX:KGD) acquired 51% stake in Mt Palmer Project from Aurumin Limited (ASX:AUN). Kula Gold Limited (ASX:KGD) agreed to acquire 51% stake in Mt Palmer Project from Aurumin Limited (ASX:AUN) for AUD 0.25 million on May 30, 2024. The consideration consists of AUD 0.25 million in cash or in shares at Kula Gold Limited option. The transaction is subject to completing due diligence obtaining all approvals under the Listing Rules for the Acquisition and The parties obtaining all approvals required under the Mining Act. If the Condition Precedents are not satisfied by 30 June 2024 then a Party not in default of their obligations under the Agreement may terminate the Agreement by written notice to the other Party.Kula Gold Limited (ASX:KGD) completed the acquisition of 51% stake in Mt Palmer Project from Aurumin Limited (ASX:AUN) on July 11, 2024.The acquisiton has been done through issue of 2.5 million shares of Kula Gold. All conditions have also been fulfilled. New Risk • Jun 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 66% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 44% per year over the past 5 years. Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.65m market cap, or US$5.71m). Ankündigung • Jun 08
Kula Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 1.21 million. Kula Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 1.21 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 121,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Ankündigung • May 31
Kula Gold Limited (ASX:KGD) agreed to acquire 51% stake in Mt Palmer Project from Aurumin Limited (ASX:AUN) for AUD 0.25 million. Kula Gold Limited (ASX:KGD) agreed to acquire 51% stake in Mt Palmer Project from Aurumin Limited (ASX:AUN) for AUD 0.25 million on May 30, 2024. The consideration consists of AUD 0.25 million in cash or in shares at Kula Gold Limited option. The transaction is subject to completing due diligence obtaining all approvals under the Listing Rules for the Acquisition and The parties obtaining all approvals required under the Mining Act. If the Condition Precedents are not satisfied by 30 June 2024 then a Party not in default of their obligations under the Agreement may terminate the Agreement by written notice to the other Party. Ankündigung • Apr 21
Kula Gold Limited, Annual General Meeting, May 17, 2024 Kula Gold Limited, Annual General Meeting, May 17, 2024, at 11:30 W. Australia Standard Time. Location: Suite 2, 20 Howard Street Perth Western Australia Australia Agenda: To adoption of the remuneration report; to ratification of issue of placement shares; to approve the placement shares to Mr Mark Stowell; to approve to issue placement share to Mr Ric Dawson; to approve the placement shares to Mr Mark Bojanjac; to ractification of issue of the collateral shares to acuity capital; to approval of 10% placement facility -listing rule 7.1a; and to enable the issue of options under an employee incentive scheme – employee incentive option plan. New Risk • Mar 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 42% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$4.16m market cap, or US$2.73m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (28% increase in shares outstanding). Ankündigung • Feb 29
Kula Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 0.4 million. Kula Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 0.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 39,250,000
Price\Range: AUD 0.008
Discount Per Security: AUD 0.00048
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,750,000
Price\Range: AUD 0.008
Discount Per Security: AUD 0.00048
Transaction Features: Subsequent Direct Listing Ankündigung • Jan 25
Kula Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 0.65 million. Kula Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 0.65 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 46,153,847
Price\Range: AUD 0.013
Discount Per Security: AUD 0.00078
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,846,153
Price\Range: AUD 0.013
Discount Per Security: AUD 0.00078
Transaction Features: Subsequent Direct Listing Ankündigung • Dec 21
Kula Gold Limited, Annual General Meeting, Jan 19, 2024 Kula Gold Limited, Annual General Meeting, Jan 19, 2024, at 10:00 W. Australia Standard Time. Location: Suite 2, 20 Howard Street,Perth, Western Australia 6000 Perth Western Australia Australia Agenda: To consider ratification of issue of placement shares ; to approval to issue placement shares to Mark Stowell ; to approval to issue placement shares to Ric Dawson ; to approval to issue placement shares to Mark Bojanjac ; to approval to issue options to Ric Dawson; and to consider other matters if any. Ankündigung • Nov 16
Kula Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 0.65 million. Kula Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 0.65 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: AUD 0.013
Transaction Features: Subsequent Direct Listing Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director John Hannaford was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Feb 10
Kula Gold Limited Announces Completion of Reconnaissance Drilling at the Main Eye Structure at its 100% Owned Westonia Project Kula Gold Limited reported that the reconnaissance drilling has been completed at the main `eye' structure at its 100% owned Westonia Project located 5km from the Edna May Gold Mine. The drilling program consisted of 1 Aircore hole and 26 RC holes for 2,292m of drilling. The drilling at the Westonia Project intersected encouraging rock types consistent with an Archean Greenstone sequence and similar to surrounding greenstones. There were zones of alteration with potential mineralisation to be determined. 614 composite samples from drill cuttings have been sent for analysis with 97 composite samples already sent. From the most recent drilling, 90 composite samples have been requested for expedited processing. Ankündigung • Jan 31
Kula Gold Limited Commences Drilling at `Eye' Structure - Westonia Nickel/PGE/Gold Project Kula Gold Limited reported that the reconnaissance drilling has commenced at the helicopter VTEM and drone magnetic survey targets including the main `eye' structure at its 100% owned Westonia Project located 5km from the Edna May Gold Mine. Helicopter VTEM: The Company engaged UTS Geophysics for the VTEM survey and following initial positive indications had an additional 30 line-kilometres completed to infill to 100m line spacing. Further modelling of EM data is in progress. Auger Drill Geochemistry: As previously reported on 30 August 2022, (Maiden Exploration Program - Westonia Project) the Company reported anomalous geochemical results to 125ppb Pt + Pd (combined) and up to 35ppb gold in geochemical auger sampling, as well as 1.85g/t gold in a quartz vein rock sample from a lateritic breakaway. As well as anomalous copper reported on 28 October 2022, (Amended - Anomalous Copper & PGE - Westonia Project) with 498.3ppm copper anomalism, co-incident with magnetic structures and gossanous outcrop. Upcoming Activities: Following on from producing an exploration target model, with these various overlapping exploration techniques, the Company has now commenced with drilling contractor Stark Drilling to proceed with a reconnaissance drill program to test the above anomalous areas. The Company will provide an ASX release upon ongoing operations of significance. Ankündigung • Jan 23
Kula Gold Limited Reports Helicopter VTEM and A Drone Magnetic Survey Has Now Produced Images That Has an `Eye' Structure At Its 100% Owned Westonia Project Kula Gold Limited reports that the helicopter VTEM and a drone magnetic survey has now produced images that has an `eye' structure at its 100% owned Westonia Project located 5km from the Edna May Gold Mine following the Company's initial survey exploration program, announced on 30 November 2022. The recent drone magnetic survey has defined an `eye structure'. Airborne helicopter VTEM has defined 3 conductors at various channels and generated drill targets coincident with PGE, Nickel, Copper and Gold anomalism. The Westonia Project is adjacent to the Edna May Gold Mine. An aircore and/or reverse circulation (RC) program is scheduled to commence this week. The Company engaged UTS Geophysics for the VTEM survey and following initial positive indications had an additional 30 line-kilometres completed to infill to 100m line spacing. Further modelling of EM data is in progress. The Company engaged Atlas Geophysics to fly a 25m line spacing 25m height drone magnetic survey. Following on from producing an exploration target model, with these various overlapping exploration techniques, the Company has now engaged a drilling contractor for later this month to proceed with a reconnaissance drill program to test the above anomalous areas. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman Mark Stowell was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Chairman Mark Stowell was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.