Kula Gold Limited (AU:KGD) has released an update.
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Aurumin Limited has successfully divested 51% of the Mt Palmer Project to Kula Gold Limited, with Kula acquiring the majority stake for 2.5 million shares and committing to further investment to increase their share. The Mt Palmer mine, historically a high-grade gold producer, is poised for renewed attention as Kula takes charge, while Aurumin retains a significant interest and potential future royalties.
For further insights into AU:KGD stock, check out TipRanks’ Stock Analysis page.
