Kula Gold Expands Drilling Program at Kirup Lithium Project

Extended RC Drilling at Cobra Lithium Prospect

Kula Gold has announced the expansion of its current RC drilling program at the Cobra Lithium Prospect, now planning to drill up to 2,000 meters, doubling the original 1,000 meters. The Cobra prospect, located near Greenbushes in Western Australia, is in proximity to the world's largest hard rock lithium mine. The extension aims to enhance geological understanding and coverage of the 3.2km of identified surface pegmatites.

Comments from Kula's Managing Director

Ric Dawson, Managing Director of Kula, expressed satisfaction with the current progress, leading to the decision to increase the drilling scope. The first two drill holes achieved downhole depths of 168m and 174m, respectively. The company has already sent the initial 252m of 4m composite samples for laboratory analysis.

Strategic Importance of the Project

The expansion of the drilling program underscores Kula Gold's commitment to exploring the potential of the Cobra Lithium Prospect, which holds strategic significance in the context of the growing demand for lithium, a critical component in electric vehicle batteries and energy storage solutions.