Kula Gold Limited (ASX:KGD) agreed to acquire 51% stake in Mt Palmer Project from Aurumin Limited (ASX:AUN) for AUD 0.25 million on May 30, 2024. The consideration consists of AUD 0.25 million in cash or in shares at Kula Gold Limited option. The transaction is subject to completing due diligence obtaining all approvals under the Listing Rules for the Acquisition and The parties obtaining all approvals required under the Mining Act.

If the Condition Precedents are not satisfied by 30 June 2024 then a Party not in default of their obligations under the Agreement may terminate the Agreement by written notice to the other Party.