Aankondiging • Oct 25
Sultan Resources Limited, Annual General Meeting, Nov 26, 2025 Sultan Resources Limited, Annual General Meeting, Nov 26, 2025. Location: mirador corporate, unit 1, 1 centro ave, subiaco wa 6008 Australia New Risk • Sep 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (35% average weekly change). Earnings have declined by 6.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m (AU$23k revenue, or US$15k). Market cap is less than US$10m (AU$1.83m market cap, or US$1.20m). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Aankondiging • Sep 18
Sultan Resources Limited (ASX:SLZ) entered into a sale agreement to acquire Gunex Pty Ltd from Aldoro Resources Limited (ASX:ARN) for AUD 3.6 million. Sultan Resources Limited (ASX:SLZ) entered into a sale agreement to acquire Gunex Pty Ltd from Aldoro Resources Limited (ASX:ARN) for AUD 3.6 million on September 17, 2025. In consideration for the acquisition, Sultan Resources Limited will undertake several actions. Firstly, it will pay Aldoro a non-refundable cash deposit of AUD 0.05 million. Additionally, the Company will issue 286,449,355 Sultan shares, known as "Sultan Consideration Shares," which will be distributed to Aldoro shareholders on a one-for-one basis. Currently, this distribution involves 217,727,310 Sultan Consideration Shares based on the existing Aldoro shares on issue, with the remaining 68,722,045 Sultan Consideration Shares to be retained by Aldoro, referred to as the "In-Specie Distribution." Furthermore, the Company will make deferred cash payments to Aldoro totaling AUD1.5 million. This includes AUD 0.75 million payable upon achieving a Mineral Resource Estimate of at least 25 million tonnes at an average grade equal to or greater than 0.8% Ni from the projects, and an additional AUD 0.75 million upon a decision to mine being made at any of the projects, with both payments to be made within 36 months following completion. The completion of the acquisition transaction is contingent upon the fulfillment (or waiver, if permitted and agreed upon by the relevant party) of several conditions. These include the completion of due diligence by the Company, approval by the Company's shareholders for the issuance of the Sultan Consideration Shares, and the receipt of all necessary regulatory approvals in accordance with the Listing Rules, Corporations Act, or any other applicable laws to enable the lawful completion of the transaction. Additionally, the parties must obtain all required third-party regulatory consents or approvals, including the release of Altia Pty Ltd as the guarantor of Gunex Pty Ltd under the Gunex Royalty Deed, and the execution of deeds of assignment. New Risk • Aug 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 6.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m (AU$23k revenue, or US$15k). Market cap is less than US$10m (AU$1.57m market cap, or US$1.02m). Aankondiging • Jun 03
Sultan Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.15735 million. Sultan Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.15735 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 231,469,910
Price\Range: AUD 0.005
Transaction Features: Rights Offering Board Change • Apr 10
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Mark Mitchell was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 09
Sultan Resources Limited Announces Board Changes Sultan Resources Limited announced the appointments of Mr. Lincoln Liu and Mr. Mark Mitchell as Non-Executive Chairman and as Non-Executive Director, respectively. Mr. Jeremy King will transition from his role as Non-Executive Chairman to Non-Executive Director. All changes are effective immediately. Mr. Liu has acted in various roles as advisor to numerous mining companies across several commodities and particularly in their growth phase. He has worked in the Australian equities market for 15 years. His experience includes trading, equities research and investment banking having completed several IPO, capital raising, M&A, and private equity deals. He is the founder of a Sydney based corporate advisory firm servicing a range of growth companies in the mining and technology sectors. Mr. Mitchell has been a geologist for over 35 years in exploration in rare metals, lithium and base metals in Australia and international jurisdictions. He has significant experience ranging from targeting through to resource evaluation and has been successful in the discovery of several mineral deposits in Australia. He has acted in the capacity of company liaison representative on various research projects with AMIRA, CET, GRC as well as a brief period on the CME Exploration committee. He has geological membership with the Geological Society of Australia and Australian Institute of Geoscientists and is a Registered Professional Geoscientist (No: 10049). Concurrently, the Company advises that Non-Executive Directors, Mr. Ian David Lees and Mr. Steve Groves have resigned effective immediately. New Risk • Mar 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.1m free cash flow). Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 6.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Revenue is less than US$1m (AU$23k revenue, or US$14k). Market cap is less than US$10m (AU$1.62m market cap, or US$1.02m). New Risk • Nov 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$2.31m market cap, or US$1.52m). Aankondiging • Nov 06
Sultan Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.338834 million. Sultan Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.338834 million.
Security Name: ordinary Shares
Security Type: Common Stock
Securities Offered: 33,883,441
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006 Aankondiging • Oct 28
Sultan Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.338834 million. Sultan Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.338834 million.
Security Name: ordinary Shares
Security Type: Common Stock
Securities Offered: 33,883,441
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006 Aankondiging • Oct 22
Sultan Resources Limited, Annual General Meeting, Nov 21, 2024 Sultan Resources Limited, Annual General Meeting, Nov 21, 2024. Location: mirador corporate, unit 1, 1 centro ave, subiaco, western australia 6008, Australia Aankondiging • Feb 06
Sultan Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.691554 million. Sultan Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.691554 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 49,396,683
Price\Range: AUD 0.014
Security Features: Attached Options
Transaction Features: Rights Offering New Risk • Oct 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.6m free cash flow). Earnings have declined by 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (78% increase in shares outstanding). Revenue is less than US$1m (AU$25k revenue, or US$16k). Market cap is less than US$10m (AU$3.11m market cap, or US$1.96m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). New Risk • Sep 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.6m free cash flow). Earnings have declined by 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (78% increase in shares outstanding). Revenue is less than US$1m (AU$66k revenue, or US$43k). Market cap is less than US$10m (AU$3.11m market cap, or US$2.01m). Aankondiging • Sep 28
Sultan Resources Limited, Annual General Meeting, Nov 23, 2023 Sultan Resources Limited, Annual General Meeting, Nov 23, 2023, at 10:00 W. Australia Standard Time. Location: Suite 11, Level 2 23 Railway Road Subiaco Western Australia Australia Aankondiging • May 27
Sultan Resources Limited (ASX:SLZ) completed the acquisition of The Kember Lake Lithium Project and The Ruddy Lithium Project from XS Minerals Ltd. Sultan Resources Limited (ASX:SLZ) entered into Binding Term Sheet to acquire The Kember Lake Lithium Project and The Ruddy Lithium Project from XS Minerals Ltd. for AUD 2.2 million on March 17, 2023. XSM a total of 34,905,660 fully paid ordinary shares, being AUD 1.85 million worth of fully paid ordinary shares in the capital of the Company at a deemed issue price of $0.053, XSM (and/or their nominee) AUD$185,000 and CAD$6,000 cash consideration; and the Canadian Vendors CAD$120,000 cash consideration. As of May 24, 2023, Sultan Resources Limited successfully completed the second tranche of its recent placement. In total, the Company issued 30m shares at $0.05 per share to raise $1.5m (pre costs) from resource experienced sophisticated and high net worth investors. The Company shall now move to finalize settlement of the Acquisition. The transaction is subject to Sultan completing a capital raising and obtaining all necessary regulatory and shareholder approvals, and the parties entering into the applicable royalty deeds in respect of the NSR.Sultan Resources Limited (ASX:SLZ) completed the acquisition of The Kember Lake Lithium Project and The Ruddy Lithium Project from XS Minerals Ltd. on May 26, 2023. Aankondiging • Feb 18
Sultan Resources Limited Provides Update to the Exploration Work in Progress At the Company's Kulin Hill Project in Southwest Wa Sultan Resources Limited announced an update to the exploration work in progress at the Company's Kulin Hill Project in southwest WA. Assay results from the recently completed stratigraphic diamond drill hole have begun to be returned and the initial results confirm the on-ground geological interpretation that a significant thickness of the ultramafic target rock was intersected. A detailed assessment of the geochemistry is currently underway with results of this analysis expected in the coming weeks. A reconnaissance survey over Reserve 18455 (Lot 225568), for which Sultan was recently granted access to by the WA Department of Mines, Industry Regulation and Safety (DMIRS) concluded that the salt lake was still too wet from the late 2022 rains for any immediate access. Subject to the full assessment of the geochemical results and the salt lake reserve drying sufficiently allowing access, the Company intends to continue exploration activities at Lake Grace. In preparation for this, The Company's technical team has designed a geophysics programme over parts of the salt lake reserve which would be the precursor to a wider drill programme testing the prospect. Diamond Hole Geochemical Assays: In late 2022 the Company completed a single, deep stratigraphic diamond hole (SLGDD001) to 489.4m, which was designed to gather information on the nature of the layered ultramafic sequence beneath the weathering horizon intersected by Sultan in the previous shallow aircore drilling. If proven to extend to any significant thickness or depth, it was also designed to assess the potential for sulphide mineralisation at Kulin Hill. The hole was collared in the vicinity of the previously drilled aircore holes and was drilled at -600 towards the southeast to target a strong magnetic body within the sequence as revealed by 3D inversion modelling. Initial on-ground inspection of SLGDD001 suggested that the target layered ultramafic/mafic sequence extended to 256m down hole before a series of felsic and mafic gneisses was intersected. Weathering was observed to persist to about 70m down hole. A total of 160 samples were selected and processed for geochemical analysis and sent to one of the main accredited laboratories in Perth. Initial assay results are now being returned and detailed analysis of these is currently underway at Sultan. Although analysis is yet to be completed, the initial geochemistry does confirm the on- ground geological identification/interpretation of the target ultramafic geology in SLGDD001. Magnesium oxide (MgO) concentrations as high as 41% MgO combined with chrome (Cr) concentrations of 0.53% Cr (over 1m from 208m downhole depth) have been returned in the assay results, which are definitively indicative of ultramafic geology. A detailed analysis of the returned assay results by Sultan is now underway and is expected to be completed and ready for reporting in the coming weeks. Accessibility to Reserve 18455 and Main Target Zone: The confirmation of ultramafic geology in SLGDD001 provides confidence that the hole was drilled through the footwall of an ultramafic sequence along the edge of the body and that thicker intervals of this target sequence would be encountered in the centre of the body beneath the salt lake reserve the Company has recently been granted full access to. The majority of the reserve is salt lake and a recent reconnaissance expedition to the area concluded that the salt lake was still too wet to access for exploration, inclusive of ground geophysics. The area received unusually late rains well past the normal rain season last year, filling the salt lake with water, which has yet to dry out. Aankondiging • Nov 16
Sultan Resources Limited Announces the Positive Progress of Exploration Work At the Kulin Hill Nickel Project in Southwest WA Sultan Resources Limited announced the positive progress of exploration work at the Company's Kulin Hill Nickel project in southwest WA. The stratigraphic diamond drill hole designed follow up the positive aircore results generated from earlier in 2022 was competed in early November and access to Reserve 18455 (Lot 225568) which covers the bulk of the ultramafic sequence has now been granted by the WA Department of Mines, Industry Regulation and Safety (DMIRS). Drill Hole Details: During October to early November, the Company completed a single, deep stratigraphic diamond hole (SLGDD001) to 489.4m designed to gather information on the nature of the layered ultramafic sequence beneath the weathering horizon and assess the potential for sulphide mineralisation at Kulin Hill. The hole was collared in the vicinity of the previously drilled aircore holes and was drilled at -600 towards the southeast to target a strong magnetic body within the sequence as revealed by 3D inversion modelling. The Kulin Hill magnetic anomaly has been proven to contain ultramafic rocks by aircore drilling conducted by Sultan in January 2022 which returned anomalous results of Ni, Cr, Mg, Fe, S and Co which are indicative of weathered ultramafic lithology. Initial inspection of SLGDD001 has revealed the layered ultramafic/mafic sequence to extend to 256m down hole before a series of felsic and mafic gneisses are intersected. Weathering persists to about 70m down hole. The hole was drilled on the edge of the ultramafic sequence and given the angle to stratigraphy, has possibly passed through the footwall of the ultramafic into the underlying felsic gneiss/granite. It is likely that thicker intervals of ultramafic would be intersected in the centre of the body in the Reserve the Company has recently been granted access to. A full analysis of the geology of the hole and sample intervals selected will be provided to the market when complete. Access to Reserve 18455: Negotiations to access the full length and breadth of the ultramafic body, a large portion of which extends beneath Reserve 18455 (Lot 225568), have been ongoing since early in 2022. The Company is pleased to advise that is has now received confirmation from DMIRS that it has access to the reserve and can undertake exploration activities to test the bulk of the layered ultramafic sequence and assess the full potential of the target. A work program consisting initially of electromagnetic techniques such as Fixed Loop EM or magnetotellurics (MT) to detect any areas of strong conductance that might mark the location of sulphide accumulation is being considered. Any conductors identified will be ranked and the priority targets drilled with either Reverse Circulation and/or diamond methods. Aankondiging • Oct 20
Sultan Resources Limited, Annual General Meeting, Nov 22, 2022 Sultan Resources Limited, Annual General Meeting, Nov 22, 2022, at 10:00 W. Australia Standard Time. Location: Mirador Corporate, Suite 11, Level 2, 23 Railway Road Subiaco Western Australia Australia Agenda: to consider the adoption of remuneration report; to re-election of directors. Aankondiging • Oct 14
Sultan Resources Limited Commences Deep Diamond Drill Hole At Kulin Hill Ni Project Sultan Resources Limited announced the commencement of a deep diamond drill hole to follow up the positive aircore results generated from the Company's Kulin Hill Ni project in May. Three of the four holes drilled at Kulin Hill showed strongly elevated responses in elements such as Ni, Cr, Mg, Fe, S and Co that are indicative of weathered ultramafic lithology. All three holes showed these strong responses throughout their entire length, indicating that the sequence is quite thick and warrants deeper testing of the fresh ultramafic sequence. Microscopic examination of the holes showed the sequence to be weathered throughout and consequently did not enable the visual identification of sulphide minerals. However, high levels of coincident MgO, sulphur and nickel in intersections in the lower portions of holes SLGCA03 and SLGCA04 provide encouragement that sparsely distributed disseminated Ni-sulphides could be present. The successful confirmation of over two kilometres of strike of a thick mafic-ultramafic sequence containing historically reported Ni-bearing sulphides1 at Kulin Hill has elevated the prospect to be Sultan's priority exploration target. Follow up drilling in this area is required to fully understand the layered stratigraphic sequence and to penetrate fresh rock to test for the presence of sulphide minerals. The company has commenced drilling of a single, deep (>500m) stratigraphic diamond hole to gather information on the nature of the layered ultramafic sequence beneath the weathering horizon and assess the potential for sulphide mineralisation in the area. The hole is collared in the vicinity of the previously drilled aircore holes and is drilling at -600 towards the southeast to target a strong magnetic body within the sequence as revealed by 3D inversion modelling. This will be the deepest hole ever drilled at the Kulin Hill prospect and will provide the best look to date of the layered ultramafic sequence. Previous drilling has included the aforementioned aircore holes and a series of 4 diamond holes drilled ~2km to the southeast in the 1960s. The deepest of these holes reached ~265m. Negotiations to access the full length and breadth of the body, some of which extends beneath a salt lake, are ongoing and once granted, will allow the Company to assess the full potential of the target. A work program consisting initially of electromagnetic techniques such as Fixed Loop EM or magnetotellurics (MT) will be undertaken to detect any areas of strong conductance that might mark the location of sulphide accumulation. Any conductors identified will be ranked and the priority targets drilled with either Reverse Circulation and/or diamond methods. Board Change • Sep 29
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director David Lees was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 31
High number of new directors Non-Executive Director Steve Groves was the last director to join the board, commencing their role in 2022. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director David Lees was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director David Lees was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Feb 03
Sultan Resources Limited Provides Update on Recent Exploration Work Sultan Resources Limited provided update to the market regarding the recent exploration work completed across the company's priority exploration targets and proposed work plan for 2022 following the recent successful $2.2 million capital raise. The company has been focusing on exploration for Julimar-style Ni-Cu-Co-PGE mineralization at it's Lake Grace Nickel prospect in the wheatbelt of WA and porphyry Cu-Au-(Ag) mineralization in the world-class Lachlan Fold Belt in NSW. During December 2021 and January 2022, the company has undertaken aircore and diamond drilling campaigns at both areas. At Lake Grace Nickel Project - WA, aircore drilling of interpreted Ni-prospective ultramafic occurrences in the Lake Grace/Kulin area completed in January. A total of 74 holes for 2,324m completed across three target areas. High quality ultramafic Ni-sulphide target confirmed at Kulin Hill: Approximately 2km strike of ultramafic lithology confirmed at first target zone. Geological similarities between this zone and the Gonneville Intrusion have been recognized. Historic exploration at Lake Grace has shown ultramafic rocks with evidence of nickel + cobalt bearing sulfides and copper sulphides in drilling. Strongly mafic lithologies intersected across the other areas, including: Highly magnetic, pyroxene-rich zones that could form part of a mafic- ultramafic sequence. Strongly deformed Mafic gneiss/granulite recognized as the principal gold mineralization hosts elsewhere in the region. The targets lie within part of interpreted mobile zone that hosts the recent Julimar Ni-Cu-PGE discovery. Three-month program including ground geophysics and drill testing proposed at Kulin Hill Big Hill Cu-Ag Target Lachlan Fold Belt, NSW Diamond drilling targeting altered and mineralised structures at the Razorback prospect, Big Hill completed in late 2021. A total of 5 holes for 519 metres completed Co-funded grant of up to $81k awarded for the program. All holes intersected a strongly altered and veined structure containing sulphide minerals that correlates with surface mapping and sampling. Aankondiging • Jan 13
Sultan Resources Limited Announces 2022 Aircore Drilling for Julimar-Style Nickel-Sulphide Targets At Lake Grace Has Commenced Sultan Resources Limited announced the re- commencement of the reconnaissance exploration aircore drilling for nickel-prospective ultramafic rocks at the Company's Lake Grace prospect during January. The project is located in the Wheatbelt area between Lake Grace and Kulin in WA where the company has been exploring since listing in 2018. The Ni-prospectivity of Sultan's Lake Grace tenement portfolio has long been recognised by the company and has been verified by the discovery of Chalice Mining Ltd.'s Julimar Ni-Cu-PGE deposit approximately 200km to the northwest in the same belt of rocks. Sultan's licences contain historically drilled ultramafic rocks with evidence of nickel and cobalt bearing sulfides1 and detailed airborne magnetic surveying by the company has revealed several unexplored areas with geophysical characteristics indicative of ultramafic rocktypes. The aircore program is designed to confirm the presence of ultramafic rocks interpreted from the magnetics interpretation and help determine the prospectivity of the region for hosting Ni-sulphide deposits. Highlights: Aircore drilling of interpreted Ni-prospective ultramafic occurrences in the Lake Grace/Kulin area that commenced late in 2021 re-starts in early January. Ultramafic lithology confirmed in first 4 hole stage of program in late 2021. Approximately 2km strike of ultramafic lithology confirmed at first target zone. Geological similarities between this zone and the Gonneville Intrusion have been recognised. A further 9 holes at other target areas were completed by the end of 2021. The targets lie within part of interpreted mobile zone that hosts the recent Julimar Ni- Cu-PGE discovery. Historic exploration at Lake Grace has shown ultramafic rocks with evidence of nickel + cobalt bearing sulfides and copper sulphides in drilling. Strong geophysical evidence for >25km of cumulative strike length of ultramafic rocks across Sultan's Lake Grace portfolio. Lake Grace portfolio surrounded by major mining and exploration companies: Anglo American to north and west; Gold Road Resources to east. Aankondiging • Nov 24
Sultan Resources Limited Commences First Phase of Reconnaissance Exploration Aircore Drilling for Nickel-Prospective Ultramafic Rocks At Identified Magnetic Anomalies Within the Lake Grace Prospect Is Imminent Sultan Resources Limited announced that the commencement of the first phase of reconnaissance exploration aircore drilling for nickel-prospective ultramafic rocks at identified magnetic anomalies within the Lake Grace prospect is imminent. The project is located in the Wheatbelt area between Lake Grace and Kulin in WA where the company has been exploring since listing in 2018. Sultan has built strong, positive relationships with the local community at Lake Grace and has spent the last few months building relationships with affected landowners to secure mutually beneficial land access agreements for the program. The aircore drilling will be undertaken by Bostech Drilling Australia who are experts at using a no impact technique to ensure minimal impact on farmland and private landholdings. The Ni-prospectivity of the Company's Lake Grace tenement portfolio has long been recognised by the company and has been verified by the discovery of Chalice Gold Mines' Julimar Ni-Cu-PGE deposit 215km to the northwest in the same belt of rocks. In the latter half of 2020, there was a rush to secure ground in the Southwest Yilgarn Terrane by major companies such as Anglo American plc. Sultan owns a 690km2 portfolio that is highly prospective for gold mineralisation and also contains historically drilled ultramafic rocks with evidence of nickel and cobalt bearing sulfides. Detailed airborne magnetic surveying by the company has also revealed several unexplored areas with geophysical characteristics indicative of ultramafic rocktypes. The proposed aircore program is designed to confirm the presence of ultramafic rocks interpreted from the magnetics interpretation and help determine the prospectivity of the region for hosting Ni-sulphide deposits Aircore Drilling Program A program totalling total of up to 3,500m (final metres depend on final hole depths) of vertical aircore drill holes is proposed to ascertain the presence and extent of ultramafic lithology on Sultan's Lake Grace and Kulin Hill Projects tenure as mapped using magnetic response from the Sultan airborne magnetic survey. If the program confirms that the magnetic response represents ultramafic bodies, geochemical and/or mineralogical studies will be undertaken to determine whether the ultramafic is, or has the potential to be, fertile for massive nickel sulphides or indeed any Ni+Cu+Co+PGE mineralisation. Outcrop of ultramafic rocks have been confirmed by Sultan on E70/5095 and exploration in 1969 by the Electrolytic Zinc Company of Australia1 revealed strongly anomalous nickel (Ni), with lower copper (Cu) and cobalt (Co) in this area. The 4 diamond drill holes completed by the company intersected cherty serpentinite and ultramafic rocks such as dunites, harzburgites, norites and pyroxenites, all of which were strongly serpentinised. These rocks were reported to contain abundant magnetite and finely disseminated sulphides containing 50% Nickel in the sulphide grains although no assays results can be found for these intervals. Due to the successful negotiation of multiple land access agreements across the Lake Grace portfolio, company's aircore program will traverse a number of ultramafic-prospective areas across E70/5095 and further to the south on E70/5085. Full geochemical analysis coupled with petrographic interpretation and possible QEMSCAN testing will be undertaken on bottom of hole samples. Aankondiging • Jun 03
Sultan Resources Limited Announces Planning for the First Phase of Reconnaissance Exploration Aircore Drilling for Nickel-Prospective Sultan Resources Limited announced that planning for the first phase of reconnaissance exploration aircore drilling for nickel-prospective ultramafic rocks at identified magnetic anomalies within the Lake Grace prospect has commenced. The Ni-prospectivity of the Company's Lake Grace tenement portfolio has long been recognised by the company and has been verified by the discovery of Chalice Gold Mines' Julimar Ni-Cu-PGE deposit 215km to the northwest in the same belt of rocks. Aircore Drilling Program: A program totalling ~3,500m (final metres depend on final hole depths) of vertical aircore drill holes is proposed to ascertain the presence and extent of ultramafic lithology on Sultan's Lake Grace and Kulin Hill Projects tenure as mapped using magnetic conductance from the Sultan airborne magnetic survey. If the program confirms that the magnetic response represents ultramafic bodies, geochemical and/or mineralogical studies will be undertaken to determine whether the ultramafic is, or has the potential to be, fertile for massive nickel sulphides or indeed any Ni+Cu+Co+PGE mineralization. Outcrop of ultramafic rocks have been confirmed by Sultan on E70/5095 and exploration in 1969 by the Electrolytic Zinc Company of Australia revealed strongly anomalous nickel (Ni), with lower copper (Cu) and cobalt (Co) in this area. The 4 diamond drill holes completed by the company intersected cherty serpentinite and ultramafic rocks such as dunites, harzburgites, norites and pyroxenites, all of which were strongly serpentinised. These rocks were reported to contain abundant magnetite and finely disseminated sulphides containing 50% Nickel in the sulphide grains although no assays results can be found for these intervals. The company's proposed aircore program will target this body where land access is possible as well as the two strong magnetic responses interpreted to represent ultramafic bodies further to the south on E70/5095 and E70/5085. Full geochemical analysis coupled with petrographic interpretation and possible QEMSCAN testing will be undertaken on bottom of hole samples. Aankondiging • May 20
Sultan Resources Limited Commences Drilling of Its Big Hill Gold Copper Porphyry Target That Sits on the License Boundary of Kincora's Cundumbul Project Sultan Resources Limited has commenced drilling of its Big Hill gold copper porphyry target that sits on the license boundary of Kincora's Cundumbul project 2. Permits for up to 4,500 metres of diamond drilling are in place with a first pass 3-hole program for 1,200 metres commenced, and expected to take only 4 weeks, with drill collars within 300 metres of the Cundumbul license boundary. Sultan states that the Big Hill target displays coincident and complimentary magnetic and Induced Polarisation ("IP") responses, high grade copper and gold rock chips, distinct gold and copper plus pathfinder element geochemical soil anomalism and porphyry-style alteration within host-rock geology and a structural setting consistent with the upper or outer parts of an alkalic porphyry gold copper system such as Cadia and Boda. The Big Hill target is located approximately 50km in equal distance to both Cadia and Boda in the Molong Belt of the Macquarie Arc of the Lachlan Fold Belt. The Big Hill magnetic complex is approximately 5km long by 2.5km wide situated within both the Sultan and Kincora licenses. A recent IP survey by Sultan has identified a large-scale IP chargeability anomaly approximately 1km long by 650m wide extending to 500m on their portion of the Big Hill magnetic complex straddling the license boundary. Aankondiging • Feb 11
Sultan Resources Limited Completes the First Phase of Its Maiden Drill Program At Its 100% Owned Tucklan Gold Project in the East Lachlan Fold Belt, Nsw Sultan Resources Limited announced that it has completed the first phase of its maiden drill program at its 100% owned Tucklan Gold project in the east Lachlan fold belt, NSW. Core from the initial phase has been logged, and intervals for assay analysis have been dispatched. The Company commenced drill-testing of Induced Polarisation (IP) anomalies beneath strong gold and copper surface geochemistry at the Tucklan project in December 2020. The initial phase of the maiden drill programme at Tucklan comprised 6 RC percussion holes, including two with diamond drilling tails, for a total of 1,544.3m. Three holes reached their target depth of ~350m and three holes did not reach planned depth due to excessive ground water. Should assay results warrant, Sultan will return to Tucklan to complete the unfinished holes with diamond tails and drill additional holes into any significant mineralisation plus drill test additional soil geochemical targets. The basement geology at Tucklan has been interpretated as Ordovician Tucklan Formation and Silurian Dungeree Volcanics of the Rockley - Gulgong Volcanic Belt, within the Macquarie Arc. The host rocks are considered to have potential to contain multiple styles of mineralisation including porphyry Cu-Au, epithermal Au and McPhillamy's-style bulk tonnage Au. Logging of the drill chips and core has been very encouraging and revealed broad zones of hydrothermally altered volcaniclastics and coherent volcanic facies that contain multiple generations of veining and sulphide mineralisation in some holes. In particular, hole TRC0001, which tested a strong IP chargeability `bullseye' target, intersected a 136m down hole zone (172m to 308m) of moderate to intense, multi-generational vein sets and associated disseminated, stringer and vein-hosted sulphide mineralisation within volcaniclastic sediments. Sulphide mineralisation was visually estimated to be at least 1.5% throughout the interval and dominated by pyrite and pyrrhotite though significant sphalerite (Zn-sulphide), galena (Pb-sulphide) and chalcopyrite (Cu-sulphide) were all noted in some veins. The style of veining, sulphides and alteration is not interpreted to be typical of an epithermal gold system and could represent a similar style of mineralisation to the McPhillamy's Gold Deposit located in a similar geological setting ~130km to the south. The occurrence and volume of pyrite and pyrrhotite are considered sufficient to be responsible for the strong IP chargeability response targeted by TRC0001. Aankondiging • Jan 14
Sultan Resources Limited Announces Lachlan Fold Belt Exploration Program Update Sultan Resources Limited provided an update on the progress of its 2021 porphyry and epithermal gold exploration program in the Lachlan Fold Belt, NSW. The program is the continuation of the 2020 campaign, with drill testing and geophysical surveys ongoing across the Company's highly prospective suite of Macquarie Arc porphyry and epithermal gold targets. During late 2020, the Company commenced drill-testing of Induced Polarisation (IP) anomalies beneath strong gold and copper surface geochemistry at the Tucklan project. Tucklan displays geophysical and geochemical characteristics of porphyry-related epithermal gold mineralisation and Sultan embarked on a series of five deep Reverse Circulation drill holes, with a provision for up to a further 7 if results warrant, to test the source of the strongest IP anomalies. Drilling conditions at Tucklan proved to be challenging for the RC rig, with the initial five holes all producing large amounts of water which compromised the quality of sample return. Only one hole continued to the design depth, with the rest terminated early to be completed with diamond core tails in 2021. The diamond rig has now mobilised to Tucklan and has commenced diamond drilling the tails to penetrate the strongest of the IP anomalies. Sultan plans to initially complete two diamond tails and await assay results from the entire program to date before deciding on which of the 7 additional holes to complete. Fender Geophysics has mobilised the crew to continue with the IP program at the Big Hill and Gowans Green targets. Big Hill and Gowan's Green are located in EL8735 and present as exceptional porphyry and skarn Au-Cu targets. The IP survey comprises four N-S lines each of 4.6km in length. The program is designed to locate deep drill targets indicative of potential porphyry mineralisation and will guide the planning of drill holes to be undertaken during the 1st half of 2021. All results and interpretations of drilling and geophysical surveys are pending and will be communicated to the market as they are received. Aankondiging • Dec 02
Sultan Resources Limited Commences Drilling At Tucklan Project Sultan Resources Ltd. announced that its contractors have on November 30, 2020 begun drill rig mobilisation to its 100% owned Tucklan Project in the east Lachlan fold belt, NSW. This maiden drill programme is for up to 3,800m of RC drilling across up to 12 holes, with possible diamond tails. The initial phase of the programme is expected to take approximately 20 days. Tucklan is a large-scale epithermal gold and gold-copper porphyry target defined by exceptional groundwork results and IP. For further details of the Tucklan target and the drill programme, please see the Company's ASX releases dated 2 June, 2020, 20 October, 2020 and 22 October 2020. Tucklan is the Company's maiden drill programme in the east Lachlan fold belt. This programme marks the beginning of an exciting period for the Company as it also works toward drilling copper-gold targets at its Big Hill tenure in the east Lachlan fold belt in Q1, 2O21. Aankondiging • Nov 23
Sultan Resources Limited Updates WA Nickel Project Sultan Resources Limited announced that the first phase of reconnaissance exploration for nickel-prospective ultramafic rocks at identified magnetic anomalies within the Lake Grace prospect has revealed outcropping ultramafic rocktypes. The Ni-prospectivity of the Company's Lake Grace tenement portfolio has long been recognised by the company and has recently been verified by the discovery of Chalice Gold Mines' Julimar Ni-Cu-PGE deposit 215km to the northwest in the same belt of rocks In recent months, there has been a rush to secure ground in the Southwest Yilgarn Terrane by major companies such as Anglo American plc. Sultan owns a 690km2 portfolio that is highly prospective for gold mineralisation and also contains historically drilled ultramafic rocks with evidence of nickel and cobalt bearing sulfides1. Detailed airborne magnetic surveying by the company has also revealed several unexplored areas with geophysical characteristics indicative of ultramafic rocktypes Ground reconnaissance exploration has progressed across EL70/5095 to verify if magnetic anomalies identified in aeromagnetic surveys represent ultramafic rocks with potential to be associated with nickel sulphide mineralisation. The tenement is almost entirely covered by cleared farmland with prominent granite hills outcropping in the south. There are several salt lakes within the northern section of the tenement with very little outcrop except for one area which is the historic site of the only drilling undertaken on the tenement. These holes intersected thick ultramafics with intervals containing disseminated nickel sulphides1. Ground inspection of the outcrop in this area has confirmed the presence of outcropping ultramafic, mafic rocks and silcrete/metasediments Exploration in 1969 by the Electrolytic Zinc Company of Australia1 revealed strongly anomalous nickel (Ni), with lower copper (Cu) and cobalt (Co) in this area and the 4 diamond drill holes completed intersected cherty serpentinite and ultramafic rocks such as dunites, harzburgites, norites and pyroxenites, all of which were strongly serpentinised. These rocks were reported to contain abundant magnetite and finely disseminated sulphides containing 50% Nickel in the sulphide grains although no assays results can be found for these intervals. Rock chip samples were collected by Sultan from the locations of sub-outcropping rocks and have been submitted to the laboratory. The work program is continuing in the south eastern portion of EL70/5095 where an area of prominent magnetic response indicates the presence of further ultramafics. Reconnaissance work in this area has revealed no outcrop and the next stage of evaluation will include geochemical sampling (soils or auger)
in paddocks once the crop harvest is completed and access agreements with landowners are finalised. Bodies of verified ultramafics will also be subject to Electro-Magnetic (EM) surveys to locate any buried conductive bodies. Another area of intense magnetic response exists further to the south on EL70/5085 and will also be investigated as part of the ongoing program. Aankondiging • Oct 29
Sultan Resources Limited announced that it expects to receive AUD 2.4 million in funding Sultan Resources Limited (ASX:SLZ) announced a private placement of 10,909,091 shares at an issue price of AUD 0.22 for gross proceeds of AUD 2,400,000.02 on October 28, 2020. The transaction will include participation from institutional and sophisticated investors. The company will issue 8,793,795 shares pursuant to Listing Rule 7.1 15% and 2,115,296 shares pursuant to Listing Rule 7.1A placement capacity. The transaction is expected to close on or around November 2, 2020. Is New 90 Day High Low • Oct 21
New 90-day high: AU$0.26 The company is up 33% from its price of AU$0.20 on 23 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is flat over the same period. Aankondiging • Oct 20
Sultan Resources Limited Announces Exceptional Induced Polarisation Results Define Priority Drill Targets At the Tucklan Project, Lachlan Fold Belt, Nsw Sultan Resources Limited announced exceptional results from an Induced Polarisation (IP) survey undertaken at the Tucklan Project (EL8734) within the Company's emerging Lachlan Fold Belt Porphyry Au-Cu & Epithermal Gold Project Portfolio. The survey was completed over the previously identified gold and copper anomalous magnetic-high complex located approximately 15km south of Dunedoo in central NSW. The IP survey is part of ongoing exploration programs designed to identify drill targets with high potential to host significant porphyry-style Au-Cu and/or epithermal gold mineralisation across the Company's asset suite in the Lachlan fold Belt. IP Results - Tucklan During September 2020, Fender Geophysics completed 7 north-south lines of dipole-dipole IP surveying across previously identified gold and copper soil anomalism and outcropping epithermal-style gold mineralised rock at Tucklan. Completed at the same time was an additional reconnaissance east west line over a prominent circular magnetic high known as the Glen Athol prospect. At the Tucklan epithermal prospect, an exceptional chargeability and resistivity response has been returned which is coincident with the previously identified anomalous Au-Cu in soil results and outcropping mineralisation. At Glen Athol, a coincident 1.4km wide IP chargeability high anomaly and resistivity high is consistent with the geophysical signature of East Lachlan type Au-Cu porphyry deposits, including the `concealed' high grade Cadia-Ridgeway Au-Cu porphyry deposit. Tucklan Epithermal Gold Prospect; Inversion modelling of the IP data has defined a large north west to south east trending, 1.6km long x 0.6km wide IP chargeability anomaly (>9mV/V, up to 20mV/V) which also contains multiple bullseye-style higher order anomalies (>30mV/V,). The chargeability model is also coincident with strong IP resistivity anomalies (>1000 Ohm.m), and the models are consistent with the type of IP response often associated with structurally controlled epithermal mineralisation seen elsewhere in similar geological settings. The Induced polarisation technique is often used in porphyry exploration to detect the presence of disseminated sulphides over a large volume of mineralised rock. In epithermal gold exploration, mineralisation is often of a structurally controlled linear nature and associated with distinct pyrite and silica alteration halos that envelop the mineralised structure. IP chargeability can be used to detect the disseminated sulphide alteration halo and the associated silica alteration with mineralised quartz veining often presents as a strong, coincident resistivity anomaly. The results at Tucklan show a remarkably consistent, linear chargeability and resistivity correlation that is strongly coincident with the gold and copper soil response and parallel to a de-magnetised linear feature within the broader Tucklan magnetic complex. Coupled with previously identified outcropping gold-mineralised samples exhibiting strong disseminated pyrite and pervasive silica and adularia alteration, the IP survey has elevated the Tucklan project to an exceptional, epithermal-style gold prospect that is now ready for drill testing. Aankondiging • Oct 05
Sultan Resources Limited Commences Exploration for Julimar-Style Nickel-Sulphide Targets at Lake Grace Project Sultan Resources Limited announced that it has commenced reconnaissance exploration for nickel-prospective ultramafic rocks at identified magnetic anomalies within the Lake Grace prospect. The Ni-prospectivity of the company's Lake Grace tenement portfolio has long been recognized by the company and has recently been verified by the discovery of Chalice Gold Mines' Julimar Ni-Cu-PGE deposit 215km to the northwest in the same belt of rocks. In recent months, there has been a rush to secure ground in the Southwest Yilgarn Terrane by major companies such as Anglo American plc. Sultan owns a 690km2 portfolio that is highly prospective for gold mineralization and also contains historically drilled ultramafic rocks with evidence of nickel and cobalt bearing sulfides. Detailed airborne magnetic surveying by the company has also revealed several unexplored areas with geophysical characteristics indicative of ultramafic rocktypes. Sultan has commenced preparations for undertaking a ground reconnaissance program to verify if magnetic anomalies identified in aeromagnetic surveys represent ultramafic rocks with potential to be associated with nickel sulphide mineralization. The work program will initially consist of a broad- spaced mapping and rock /soil sampling program across the magnetic anomalies. The initial phase of
the program will predominantly use existing public roads, farm tracks and fence lines which provide good coverage across the area to access the anomalies. Any areas where confirmed ultramafic rocks or geochemical anomalies that indicate likely ultramafic occurrence will be followed up with detailed grid-based soil or shallow drill sampling (auger, aircore). Bodies of verified ultramafics will also be subject to Electro-Magnetic (EM) surveys to locate any buried conductive bodies. Landowners in the area are currently being contacted in preparation for groundwork which will commence in the coming weeks. Kulin Hill and Lake Grace Ultramafic Potential: Sultan have long recognised the gold and nickel potential of their Lake Grace Project portfolio. During December 2018, the company commissioned by MAGSPEC Airborne Surveys to undertake a high-resolution airborne magnetic survey of its entire Lake Grace portfolio. The survey was flown in two parts: the first across E70/5095 (Kulin Hill) and the second across E70/5081, E70/5082, E70/5085 and E70/5179 (Lake Grace). Data was collected along 100m-spaced lines at a sensor height of 40m for a total of 8,996 line-kilometres. A full geological, structural and exploration targeting exercise was undertaken on the survey results by Core Geophysics. Kulin Hill - The area encompassed by the survey is characterised by granite and gneiss that forms a part of the Western Gneiss Terrain. Small enclaves of mafic, ultramafic (potential nickel host rock) and metasedimentary rocks are interpreted to occur within a portion of this survey. In the north, a 2.6km long ultramafic body is known to be associated with the occurrence of Ni-Co sulphides in historic drilling1 The survey has also delineated a further 14.5km strike of interpreted ultramafic bodies to the southeast that remain unexplored. Lake Grace The geology evident in the Kulin Hill survey area extends southwards through the Lake Grace tenements. A further 9.5km zone of probable ultramafic rocks was identified in the central- east portion of the survey area. Aankondiging • Oct 04
Sultan Resources Limited Announces Results from Extension Soil and Rock Chip Sampling Returned from Ongoing Exploration Programs At the Big Hill Au- Cu Porphyry Project in the Company's Lachlan Fold Belt Sultan Resources Limited announced results from extension soil and rock chip sampling returned from ongoing exploration programs at the Big Hill Au- Cu porphyry project in the Company's Lachlan Fold Belt ("LFB") portfolio. The ongoing exploration program is designed to identify drill targets with high potential to host porphyry-style Au-Cu and/or epithermal gold mineralisation across the three highly prospective targets at Big Hill, Ringaroo and Tucklan. The Company has received results for work undertaken east and southeast of the Big Hill target in the southwest of Star Plateau EL8375. Significant Results - Geological mapping, soil and rock chip sampling has continued to the east and southeast of the Big Hill target. Covering an area of ~3km x 1km, the work has defined two large scale, open, high-order Au and Cu in soil anomalies. The first, Razorback Ridge, is a 0.5km x 0.2km Cu-Au area that encompasses
a prominent zone of outcropping copper and gold mineralisation southeast of Big Hill. The second is a 2.2km x 0.5km zone of highly anomalous Au and Cu that is situated directly east of Big Hill. Razorback Ridge - The Razorback Ridge target is marked by a north-northeast striking zone of outcropping skarn-style mineralisation that is exposed for over 1 km yet remained unrecognised by previous explorers. Mineralisation is hosted in quartz sulphide vein breccias showing quartz - Fe carbonate - chlorite - sulphide - hematite +/- magnetite altered limestone and chlorite altered mafic volcanics. The mineralised outcrop is strongly coincident with a prominent N-S striking linear magnetic feature. Exceptional rock chip results up to 2.25g/t Au and up to 2.65% Cu have been returned from outcrop and the entire zone has returned 4 samples over 1g/t, a further 8 samples above 0.5g/t Au and 5 samples over 1% Cu at various locations along strike. The zone of skarn-style alteration and mineralisation is developed in limestone host rocks abutting the Big Hill magnetic complex. The style and location of the mineralisation strongly compliments the
previously reported Big Hill porphyry-style exploration target immediately to the west. Big Hill is marked by a large-scale, buried magnetic high complex showing Au+Cu porphyry-style pathfinder soil geochemistry anomalism, high grade rock chips up to 2.5% Cu and outcropping porphyry style propylititc +/- alkalic lithocap style alteration at surface, and is undrilled. Examination of magnetic and geological data shows mineralisation at Razorback Ridge to be coincident with a prominent, deep-seated north-south striking fault marked by northwest-striking fault intersections (Figure 6). The intersection of N-S and NW faults is recognized as an important structural feature at the giant Cadia Au-Cu porphyry deposit some 50km south of Big Hill. The mineralisation at Razorback shows similarities, albeit over a far greater strike length, to the high grade Gowan Green skarn target 2.6km to the NW, where rock chips up to 24.6g/t Au & 26.1% Cu were returned from mullock sampling. Both Gowan Green and Razorback Ridge sit on the periphery of the main Big Hill Magnetic Complex.