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Highlights
- Kula Gold announces maiden resource estimate at Mt Palmer
- Tailings and high-grade zones define next exploration steps
- Processing evaluations underway near existing infrastructure
Kula Gold (ASX:KGD) has confirmed its inaugural inferred resource estimate for the Mt Palmer Mine in Western Australia, marking a notable milestone in its ongoing exploration campaign. This development, while outside the ASX 200 share price bracket, reflects the active nature of emerging resource explorers shaping new opportunities across Australia’s gold sector.
The maiden resource has been defined following a series of vertical aircore drillholes completed across the mine’s historic tailings dump. The exploration campaign established a three-dimensional wireframe of gold mineralisation, drawing on detailed drillhole logging and analytical assays to better map the characteristics of the tailings deposit.
Beyond the surface, ongoing testwork is being conducted on additional tailings tonnage, with expectations for further updates. Meanwhile, gold intercepts from shallow depth drilling have also highlighted the site’s broader potential, prompting the transition to deeper diamond drilling and further resource definition.
Located within proximity to existing processing facilities, Mt Palmer is strategically positioned for operational planning. The resource sits around 28 kilometres from the Marvel Lock gold plant, offering logistical advantages as Kula Gold evaluates various on-surface processing options.
The Mt Palmer Mine has a rich history, with commercial activity dating back to the early 20th century. The mine was last actively worked in the 1940s, known then for its high-grade yields, and was acquired by Kula Gold in 2024 to reinvigorate its exploration program in the Southern Cross region.
As part of its broader strategy, Kula Gold continues to focus on key precious metal targets across Western Australia. Its approach blends the development of historical assets with the application of modern exploration techniques, enhancing the understanding of gold-bearing zones and targeting pathways toward monetisation.
This latest milestone at Mt Palmer reflects the ongoing evolution of smaller exploration companies contributing to Australia’s mineral pipeline. While not currently an ASX 200 constituent, Kula Gold's steady progress remains part of the wider mining narrative across the country.
