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Kula Gold Limited ( (AU:KGD) ) has issued an update.
Kula Gold Limited has entered a joint venture to develop the Wozi Niobium Project in Malawi, acquiring a 75% stake while the remainder is held by African Rare Metals Pty Limited. The project, which shows promising niobium and tantalum mineralization, is expected to advance towards a maiden drilling program by mid-2025, pending the grant of an exploration license and completion of environmental studies. This strategic move is intended to enhance Kula’s portfolio with a high-impact, low-cost opportunity, aligning with the company’s broader expansion efforts and leveraging its experience in African mining.
More about Kula Gold Limited
Kula Gold Limited operates in the mining industry, focusing on gold and other mineral exploration. The company is diversifying its portfolio with a new emphasis on niobium and tantalum through its Wozi Niobium Project in Malawi, alongside its flagship Mt Palmer Gold Mine in Western Australia. Kula aims to leverage its expertise in African mining operations to develop this new venture.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €2.9M
Learn more about KGD stock on TipRanks’ Stock Analysis page.
