Sultan’s Acquisition of Colossus Approved, Targeting Extensive Exploration

  • May 08, 2020 AEST
  • Team Kalkine

Sultan Resources Limited (ASX: SLZ) received the approval for acquisition of Colossus Metals and its projects by the shareholders during the general meeting on 1 May 2020. Colossus holds key gold and copper exploration tenements in the Lachlan Fold Belt of NSW.

  • An initial exploration program has been advancing well at the prospective Cu-AU targets at Big Hill, Ringaroo and Tucklan.
  • The phase 1 of the exploration program including rock chips sampling across the 3 key deposits has commenced.
  • The high-resolution ground IP survey will follow the geochemical studies.
  • Sultan anticipates to further ramp up the exploration activities.


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