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Yukon Territories

Resources veteran appointed as CEO at Kula Gold

Washington-based mineral explorer Kula Gold has appointed Ric Dawson, a geologist and mining executive who also has stockbroker and analyst experience, as chief executive officer.

Dawson holds an Applied Geology degree from Curtin University, an MBA from the University of WA and has experience of gold, nickel, copper and kaolin projects throughout WA and the Northern Territory including as Managing Director of Australia Minerals and Mining Group – now Altech Chemicals – and also at Prosperity Resources where he successfully completed an IPO to list the company on the ASX.

He has also been a stockbroker and analyst at a leading brokerage firm and a management consultant for more than a decade.

Dawson also helped develop the first Australian studies into the production of high purity alumina from kaolin at Altech’s Meckering project.

This experience will be useful at Kula Gold, which completed its maiden mineral resource estimate for the Boomerang kaolin deposit near Marvel Loch-Southern Cross in July.

Management says the project is now in the commercial study phase and moving toward private equity financing or a commercial joint venture.

Kaolin is used in the paint, rubber and pesticide industries. The world market for kaolin is currently estimated at around US$6 billion and is expected to grow by another US$1 billion by 2026.

However, it is the potential for metakaolin production for the “green” construction industry that has increased interest in the discovery of Boomerang kaolin.

Metakaolin is a cement substitute and is used to make concrete that is said to suffer less from “concrete cancer” while being stronger and more durable.

The production of metakaolin also causes only about a third of the emissions compared to limestone production in cement production and saves around eight tons of carbon dioxide per house construction.

Kula is currently conducting engineering studies for downstream processing on-site to produce metakaolin.

The Company is also advancing projects in southwest WA for lithium and gold near Brunswick comprising land holdings in excess of 360 square kilometers.

With the world-class Greenbushes lithium mine 40 km away, Kula is busy working on the next mineral discovery.

At the Westonia Gold Project adjacent to Ramelius Resources’ producing Edna May gold mine in the goldfields of WA, the Company is prospecting for platinum group elements in addition to gold.

With such a diverse range of projects on his books and a newly minted MD with a wealth of minerals and managerial experience under his belt, Kula Gold’s activities could turn heads in the months to come.

Is your ASX listed company doing anything interesting? Contact: [email protected]

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