Kula Gold Ltd.http://www.kulagold.com.au/
Kula Gold Limited (ASX: KGD) is focused on the strategic development of its 100%-owned Woodlark Island Gold Project (WIGP), located 600 kilometres east of Port Moresby in Papua New Guinea. The State of Papua New Guinea has agreed to acquire a strategic 5% interest in the Project.
The fully-permitted Woodlark Island Gold Project, contains a JORC Resource of 2.1 million ounces of gold and a JORC Reserve of 766,000 ounces of gold following the completion of a successful feasibility study in 2012.
Kula Gold achieved a major development milestone in July 2014, receiving the Mining Lease approval for the development of a 1.8Mtpa gold mining operation on Woodlark Island.
In addition to having a clearly defined pathway to production, Kula Gold is continuing to systematically explore the WIGP following the identification of a number of large scale hydrothermal systems within the Project area that remain largely untested.
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