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Kula Gold Limited (ASX:KGD)

ALERT: Price-sensitive ASX Announcement for KGD
Current share price for KGD : $0.080 0.043 (116.22%)+
Announcement
Release
22 Oct 2025 12:42PM
Price at Release
$0.037
Full Release
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Summary
Kula Gold Limited's quarterly activities and cash flow report for the period ending 30 September 2025 outlines significant corporate activities and cash movements. The company raised substantial funds through share placements, issuing over 114 million shares and raising $1.868 million from Forrestania Resources and $660,000 from Aquarius Peak. Additionally, funds were raised through the transfer of shares under the At-the-Market agreement with Acuity Capital. The company reported $2.7 million in cash at the period's end, with significant expenditures in exploration and evaluation activities. Payments to related parties amounted to $73,000, covering director's fees and consulting costs. The company also engaged in divesting non-core projects, such as the Westonia Project, for upfront and contingent payments. No mining or development activities were undertaken during the quarter, but exploration, particularly in lithium and gold, continues to be a focus.
Key Points
  • Kula Gold raised over $1.868 million from Forrestania Resources and $660,000 from Aquarius Peak.
  • The company transferred shares under the At-the-Market agreement with Acuity Capital, raising $528,000.
  • Cash available at the end of the period was $2.7 million.
  • Significant spending on exploration and evaluation activities, totaling $410,000.
  • Payments to related parties amounted to $73,000, covering director's fees and consulting costs.
  • No mining or development activities were conducted during the quarter.
  • The company divested the Westonia Project for upfront and contingent payments.
  • Continued focus on exploration, particularly in lithium and gold projects.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.