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Why Kula Gold Sold Westonia for $1.5M and What’s Next at Mt Palmer
9:37am on Tuesday 23rd of September, 2025 AEST
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Mining
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Why Kula Gold Sold Westonia for $1.5M and What’s Next at Mt Palmer
9:37am on Tuesday 23rd of September, 2025 AEST
Key Points
Sale of 100% owned Westonia Project to Forrestania Resources
Initial cash payment of $500,000 with settlement in 7 days
Contingent $1 million payment upon discovery of 100,000 ounces JORC-compliant gold resource
Divestment aligns with Kula’s strategic focus on Mt Palmer drilling program
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Forrestania Resources (ASX:FRS)
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