Inactive Instrument

Kula Gold

KGD

AU000000KGD3

Kula Gold Limited agreed to Spin-Off Wozi Niobium Project in Malawi.

Published on 10/10/2025

S&P Capital IQ

KULA GOLD

-.--%

Kula Gold Limited (ASX:KGD) agreed to Spin-Off Wozi Niobium Project in Malawi on October 10, 2025. Kula is pleased to announce that, subject to drilling results adding to the exploration results to date, its intention to spin off the Wozi Niobium Project into a newly formed entity, Niobium International Ltd. It is intended that all eligible Kula shareholders will receive pro-rata shares in Niobium International Ltd, subject to minimum holding criteria designed to ensure an efficient distribution process. In addition, shareholders will be offered a priority entitlement to participate in the upcoming fundraising round, supporting Niobium International Ltd?s possible stock exchange listing.

Subject to board and regulatory (including shareholder) approvals and minimum holding requirements, Kula intends to distribute its shareholding in Niobium International Ltd prorata to all current Kula shareholders as at a record date to be determined. This strategic initiative aims to unlock value and provide direct exposure to the rapidly growing niobium market and Kula can continue its core focus on gold discovery at the Mt Palmer Gold Project in WA?s Southern Cross Goldfields.

Latest news about Kula Gold

05/03	Forrestania Resources Limited completed the acquisition of remaining 87.44% stake in Kula Gold Limited.	CI
02/02	Forrestania Resources Fully Acquires Western Australia Project; Shares Down 3%	MT
21/01	Forrestania Resources Starts Process for Compulsory Acquisition of Remaining Kula Gold Shares After Raising Stake to Over 90%	MT
15/01	Forrestania Resources Acquires Over 88% of Kula Gold; Forrestania's Shares Reach 14-Year Peak, Kula's Shares Hit 12-Year High	MT
13/01	Forrestania Resources Acquires Nearly 87% of Kula Gold; Kula Shares Hit 52-Week High	MT
09/01	Kula Gold Urges Shareholders to Accept Forrestania Resources Offer Before Bid Closing Date	MT
02/01	Forrestania Resources' Offer for Kula Gold Becomes Unconditional, Shares Reach Four-Year Peak	MT
31/12	Kula Gold Says Forrestania Resources Increases Stake	MT
23/12	Kula Gold Limited Announces Board Changes	CI
23/12	Forrestania Resources receives acceptances under offer representing more than 50% of Kula's fully paid ordinary shares	RE
23/12	Forrestania Says Offer to Acquire Kula Gold Now Unconditional	MT
16/12	Forrestania Resources secures control of Kula Gold with more than 50% acceptance	RE
05/12	Forrestania Lodges Replacement Bidder's Statement for Kula Acquisition With ASIC	MT
04/12	Kula Gold Board Recommends Shareholders to Accept Forrestania's Takeover Offer	MT
21/11	Forrestania Resources Extends Deadline for Kula Gold Takeover	MT

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Company Profile

Kula Gold Limited is an Australian mineral exploration company engaged in the discovery of new mineral deposits in Western Australia (WA). The Company is advancing projects within the WA goldfields at the Mt Palmer Gold Project at Marvel Loch Southern Cross, the Southwest region of WA for Lithium and Gold at Kirup and Brunswick - near the Greenbushes Lithium Mine, as well as Lithium at the Taliah-Nadia-Sasha Prospects at Southern Cross, and Gold and PGE at Westonia. The Brunswick Lithium Project (ELA70/5513 5545 5599 5660 5703) covers approximately 300 square kilometers (km2) and is located between the towns of Donnybrook and Brunswick Junction, over 150 kilometers (km) south of Perth, Western Australia. It also holds a 75% interest in Wozi Niobium Project through a joint venture. The Wozi Niobium Project is located in Malawi, 225km north of the capital Lilongwe. The exploration license comprises APL0630 covering a total area of approximately 5.52km2.

Employees

Sector

Diversified Mining

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