Kula drills into stacked pegmatites at Kirup, near world-class Greenbushes lithium mine

Visual pegmatites intersected in drilling at Mustang, part of Kirup project
Kirup is just 20kms from Greenbushes lithium mine
Assays pending with more RC drilling planned
Drill rig now heading to Rankin Dome lithium-rare earths JV project

Kula Gold has successfully intersected four ‘stacked’ pegmatites in reconnaissance drilling at the Kirup project just 20kms from Greenbushes, one of the largest lithium mines in the world.

WA’s Greenbushes region has been heating up in recent months.

Miner IGO (ASX:IGO), part owner of the Greenbushes mine, is carrying out reconnaissance field mapping across the Bridgetown Greenbushes project, where it is earning up to 70% from Venus Metals.

Meanwhile, Lithium Power International (ASX:LPI) sold its subsidiary Western Lithium to Albemarle — another Greenbushes partner — for $30m in June 2023.

Other notables in the region include Galan (ASX:GLN), Chalice Mines (ASX:CHN) and Venture Minerals (ASX:VMS).

Kula Gold — Pic: Kula’s Brunswick project, DBSZ and location of Greenbushes mine and infrastructure. Source: KGD.

Visual pegmatites spotted

The first hole into Kula’s (ASX:KGD) Mustang prospect — an advanced target up to 100m wide and 1km long — has hit visual pegmatites over four intervals to 132m, with the intervals ranging from 2-9m.

“It is fantastic to have commenced our reconnaissance drilling program at Kirup with the first phase at the Mustang lithium prospect,” KGD CEO Ric Dawson said.

“The combination of some very encouraging outcrop, geochemistry and geophysics warrants further subsurface drilling.”

The program has been temporarily suspended due ground conditions and will recommence in a few weeks, with the company keen to get back on the ground at Mustang.

The drill core has now been submitted to the labs for assaying.

Drilling set to commence at Rankin Dome

Meanwhile, the rig is heading to the company’s Rankin Dome JV project near Southern Cross, where operating partner Australian Critical Minerals (ASX:ACM) is managing the maiden RC drill program for rare earths and lithium from targets generated by Kula in 2022.

On completion of the Rankin Dome drilling, the drill rig is scheduled to return to continue the remaining RC drill program at Mustang.

The company is also progressing the Cobra prospect towards being drill ready whilst its ongoing mapping and sampling have identified the new Falcon and Thunderbird prospects.

Kula expects the assay results will guide the next RC holes at the prospect.

This article was developed in collaboration with Kula Gold, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.