Thu Jan 23 17:40:00 IST 2025: ## Kula Gold to Drill for Niobium in Malawi in 2025
**Sydney, Australia – January 24, 2025** – Kula Gold (ASX:KGD) is poised to commence a maiden drilling program at its Wozi Niobium Project in Malawi during the second quarter of 2025. The company, primarily focused on gold exploration in Australia, has formed a 75% joint venture with African Rare Metals to explore the promising niobium and tantalum deposit.
The Malawian government has recommended granting an exploration licence, pending an environmental study. Kula Gold plans a preliminary field program in Q1 2025, involving geological mapping and rock and soil sampling to confirm historical high-grade results and assess the project’s scale. This initial phase, costing US$100,000, will be funded by a loan from entities controlled by director Mark Stowell.
Managing Director Ric Dawson described Wozi as a “high-impact, low-cost opportunity” within a strong global gold market. The project features significant niobium and tantalum mineralisation hosted within a nepheline syenite stock, a highly prospective rock type for such deposits. African Rare Metals will retain a 25% stake and a 2% net smelter return royalty.
The news comes amid a broader trend of mining companies leading Australia’s IPO market, according to recent Mining.com.au reports.
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