Kula Gold Limited has been granted a new exploration licence for its Wozi Niobium Project in Malawi, marking a strategic expansion into critical minerals. The licence, covering over 5.5 square kilometers of igneous and metamorphic rocks in the Malawi Rift Valley, sets the stage for low-cost, rapid exploration targeting niobium and tantalum mineralisation from surface exposures. Early trenching by a previous explorer recorded encouraging results, including a 145‐meter section with 0.55% Nb2O5 and a 41‐meter section with similar grades, along with another trench measuring 192 meters at 0.49% Nb2O5. The company aims to confirm these historical outcomes with a focused field programme beginning shortly and intends to advance towards a maiden drilling campaign by the December quarter of 2025. The Wozi Project benefits from excellent logistics with nearby road infrastructure—only 2 kilometers from a major highway—and access to key urban centres and the Nacala Rail Corridor, linking the project area to East African shipping routes. The geological setting is promising, with surface mineralisation identified within a nepheline syenite intrusive stock, a highly prospective target for peralkaline-related deposits, and a significant soil anomaly dubbed Anomaly C that stretches over an area of approximately 800 by 300 meters. Although no historical drilling has been conducted, the systematic trench and soil surveys provide a solid technical foundation to guide future exploration efforts. Kula Gold Limited remains committed to developing its flagship Mt Palmer Gold Project alongside the new niobium opportunity, signalling a dual focus on gold and critical minerals. The company’s approach of leveraging large-scale land positions and robust infrastructure, combined with encouraging technical indicators such as the reported assay values and extensive historical data, could appeal to investors looking for early-stage exploration plays in emerging regions like Malawi. Investment sentiment based on the announcement appears mixed. From a bullish perspective, the grant of the licence and the favourable infrastructure support a rapid, low-cost exploration phase that may unlock significant resource potential. Moreover, the presence of critical minerals could drive future demand, especially as strategic supply chains become more focused on diversification. On the bearish side, the reliance on legacy data that has not yet been independently validated, along with the inherent uncertainties of early-stage exploration and no current drilling results under the updated reporting standards, presents risks that cautious investors may wish to monitor closely.