Sultan Resources Ltd has built a mineral exploration project portfolio in Western Australia highly prospective for gold, copper, nickel and cobalt. The listed on the Australian Securities Exchange (ASX) on 15 August 2018 under the code SLZ.
The Company raised $4.8 million at its Initial Public Offer (IPO), which will be used to explore its exciting portfolio of projects with an early focus on:
- Drilling of the Thaduna project, directly along strike from Lodestar Minerals Ned’s Creek Gold discovery; and
- Geophysical surveying and ground reconnaissance of the Lake Grace Nickel + Cobalt and Gold Project.
Sultan’s portfolio covers nearly 950km2 in emerging terrains targeted by successful mid-tier explorers including Sandfire Resources Ltd (ASX: SFR) and Gold Road Resources Ltd (ASX: GOR) and junior explorers such as Cygnus Gold Ltd (ASX: CY5), Explaurum (ASX: EXU) and Lodestar Minerals Ltd (ASX: LSR).