Reconnaissance mapping and rock chip sampling have uncovered signs that Kula’s recently acquired Kirup project is a worthy addition to its portfolio.

Identifying the new Mustang and Cobra prospects with evidence of spodumene surface at such an early stage of exploration is certainly encouraging given that the 117km2 project is just down the road (about 25km) from the world-class Greenbushes lithium mine.

Kula Gold (ASX:KGD) is also continuing lithium-caesium-tantalum suite mineralisation exploration, targeting new drill prospects.

Chief executive officer Ric Dawson said the company is progressing to drill programs on these new prospects.

“These new Mustang and Cobra Prospects with evident spodumene, potential LCT suite mineralisation are an encouraging development from some regional work to add to our advancing lithium portfolio of projects.”

The company acquired Kirrup for its proximity to Greenbushes, existing mapped pegmatites and to complement its existing Brunswick lithium project further to the north.

Lithium drill prospects

At Mustang, reconnaissance mapping and rock chip sampling has detected bladed spodumene and pegmatite providing a walk-up drill target for Kula to test for LCT mineralisation below the weathered zone.

Notably, this zone is estimated to be at depth of between 15m and 50m which is similar to the deep weathering profile at Greenbushes.

Over at Cobra, follow-up mapping and rock chip sampling near anomalous lithium rock results returned assays of up to 240.88 parts per million lithium.

Mustang has a strike length of between 1km and 3km with a width of up to 100m while Cobra has a similar strike length with a width of 100m to 200m.

Separately, reverse circulation drilling of four holes totalling 360m at the DBGM prospect within the Brunswick project has been completed.

Composite samples have been sent for geochemistry analysis to determine the potential LCT and gold mineralisation.




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.