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Kula Gold is focused on the development of its 100%-owned Woodlark Island Gold Project (WIGP), located 600 kilometres east of Port Moresby in Papua New Guinea.
The State of Papua New Guinea has agreed to acquire a strategic 5% interest in the Project.
The company received the Mining Lease approval for the development of a 1.8Mtpa gold mining operation on Woodlark Island.
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