Sultan Resources Ltd.
AASX:SLZ0.01
AUD
0.00
(0.00%)
Sultan Resources Ltd.
ASX:SLZ
(Australian Securities Exchange)
Recent
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0.01
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div
yld
- -
ROIC.AI
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- Sultan Resources Limited Sultan Resources Limited (ASX: SLZ) is an Australia-based mineral exploration company focused on gold, copper, nickel, cobalt, silver, zinc, lithium, rubidium, platinum group elements and base metals; its principal activities encompass the acquisition, exploration and development of tenements prospective for porphyry Au-Cu systems, structurally-hosted gold deposits and critical minerals in emerging discovery terranes targeted by major explorers including Newcrest Mining, Alkane Resources, Gold Road Resources and Sandfire Resources. The company holds a diversified portfolio of projects spanning Australia and Canada, including the Lachlan Fold Belt projects in central New South Wales with strong Cu-Au mineralization indicators such as Big Hill, Gowans Green and Tucklan; Thaduna gold-copper-minerals project in northeast Yilgarn, Western Australia; Lake Grace nickel-cobalt-gold project in the southern Yilgarn Craton mobile zone adjacent to the Julimar Ni-Cu-PGE discovery; Dalwallinu and East Tallering gold projects; and lithium exploration assets in Canada, covering nearly 950 square kilometers in total. Operations target junior and mid-tier mining customers through potential resource delineation and joint ventures, with geographic focus on the Lachlan Fold Belt (NSW), Yilgarn Craton (WA) and Canadian lithium provinces; founded in 2018 and headquartered in West Perth, Western Australia. In September 2025, Sultan Resources Limited entered a sale agreement with Aldoro Resources Limited to acquire Gunex Pty Ltd, adding the Namibia Gold Project (152 sq km in Damara Gold Belt), Niobe Rubidium-Lithium Project (JORC Inferred Resource of 4.615Mt @ 0.17% Rb2O, 0.07% Li2O in WA's Dalgaranga Greenstone Belt) and Narndee polymetallic project (Ni-Cu-PGE, Cu-Zn-Au targets in Yilgarn Craton); the deal involves 286.4 million shares, US$50,000 cash deposit and milestone-based payments up to US$1.5 million, though shareholder approval for share issuance failed at the November 26, 2025 AGM, leaving completion subject to further conditions amid ongoing pursuit of value-accretive opportunities in gold and critical minerals. Recent activities include completion of a rights issue shortfall placing 201.86 million shares in September 2025 raising A$1.01 million, maiden silver assays at Tucklan, IP surveys and drilling progress at Lachlan Fold Belt Cu-Au targets, and strategic evaluations for portfolio expansion.