Kula Gold Limited has released new drilling data from its Mt Palmer Gold Mine project in Western Australia, showcasing promising high‐grade gold intercepts from its Stage 2 reverse circulation (RC) drilling. The company’s latest results include several striking 1‑metre intervals such as 18 metres averaging 4.4 grams per tonne gold (with a 2‑metre segment peaking at over 31 grams per tonne) and a 7‑metre interval at 7.7 grams per tonne gold, including a 3‑metre section with 17.2 grams per tonne. Other drill holes returned additional promising grades with intervals ranging from 1.4 to 3.5 grams per tonne, with a set 0.5 grams per tonne cut‐off applied to highlight significant intercepts. These indicators add to an array of detailed drilling data, including extensive 1‑metre sample splits and complementary 3‑metre composite intervals, all supported by robust technical appendices. The announcement also highlights the use of a 500‑gram photon assay procedure, a modern and non‐destructive method that minimizes the risk of missing coarse gold while allowing reanalysis for multi‐element and metallurgical studies. This scientific approach, along with strict quality control measures coordinated with Intertek Laboratories in Perth, reinforces the technical reliability of the reported results. The drilling program is also positioning the project for a potential low‑cost open pit mining scenario, an attractive prospect given the shallow nature of many of the drilling intercepts. Investors may find a bullish case in the high‑grade intervals and the modern assay techniques that are uncovering mineralisation levels comparable to nearly an ounce of gold per tonne in certain sections. The historical context of the Mt Palmer mine—which produced over 150,000 ounces of gold between 1934 and 1944—further underscores the region’s mineral potential. However, there is caution among market watchers as further drilling is needed to confirm true widths and fully delineate the resource. While the early-stage drilling results are encouraging, additional drilling and comprehensive mining studies will be key to translating these findings into a viable resource.