Sultan Resources Ltd (ASX:SLZ), a diversified gold and base metals explorer that owns and currently progressing on four key gold and base metals project in Western Australia.
The aspiring explorer, earlier this year, entered into an agreement to acquire 100% of the Colossus metals and its flagship asset in the prospective Au-Cu porphyry project in Macquarie Arc in the Lachlan Fold belt. On completion of the transaction, Sultan would grow its expanse to a newer territory and not just focussed on Western Australia.
Sultan Accelerating Exploration at Macquarie North, Acquisition Approved by Shareholders: Must Read
Sultan has targeted prospective exploration grounds in trending terrains targeted by mining players and explorers of varying scales including Sandfire Resources Ltd (ASX: SFR), Gold Road Resources Ltd (ASX: GOR), Cygnus Gold Ltd (ASX: CY5), Explaurum (ASX: EXU) and Lodestar Minerals Ltd (ASX: LSR) for gold, battery metals and other base commodities.
Following the acquisition of Colossus metals, the critical projects would include-
- Macquarie North Gold-Copper Project in Lachlan Fold Belt with Big Hill, Ringaroo and Tucklan targets
- Lake Grace Nickel Copper Gold project stretching over 690 square kilometres in the neighbourhood of gold and battery metal projects including Ramelius Resources’ Tampia gold project and the Golden Mile Resources’ Quicksilver Nickel Cobalt project.
- Thaduna Gold project with 2 tenements with an area of over 22 square kilometres
- East Tallering Gold Project stretching over 67 square kilometres in the Tallering Greenstone Belt
- Dalwallinu Gold project with area of over 167 square kilometres
The Macquarie North project is in the Lachlan Fold Belt of NSW, while the latter 4 in the Yilgarn Craton of Western Australia. Sultan has planned to fast track the exploration program at the new project with strong progress at the other projects.
Sultan Resources in the Hottest Exploration Region, The East Lachlan Fold Belt: Read Here
The explorer has an experienced and decisive technical and management team, enabling the company to further expand its horizons to new projects in the right neighbourhoods. Let us meet the team at Sultan-
Mr Jeremy King with a distinguished profession has over 20 years of experience in legal, financial, and corporate issues both in Australia and overseas. Mr King holds exposure to the various domains of the financial industry including private equity, leveraged buy-out mergers and acquisitions, banking and fund raisings through equity and debt measures during his tenure at Allen and Overy LLP and Debevoise & Plimpton LLP in London. He is also frequently approached by multiple ASX listings on matters pertaining to corporate and commercial streams.
In the past, Mr King served as a director at various public firms including Pure Minerals Limited, Tando Resources Limited and Aquaint Capital Holdings Limited amongst others. The exposure in varied industries and geographies may benefit Sultan Resources to acquire prospective projects in the neighbourhoods of recent discoveries while managing the capital structure.
Mr King is also among the founding directors of the Mirdor Corporate, a boutique corporate advisory and regulatory compliance firm. Currently, he also serves as the director at Red Mountain Mining Limited, Aldoro Resources Limited, EHR Resources Limited, Transcendence Technologies Limited, DTI Group Limited, Smart Parking Limited and Axxis Technology Group Limited assisting the businesses on corporate and business segments.
Mr Steven Groves holds over 25 years of experience in the mining industry with extensive exposure into both exploration and management roles for the biggest mining names, including both global and Australia’s largest gold producing companies. Mr Groves holds a graduate degree in Geology and a postgraduate degree in Economic Geology from Centre for Ore Deposit and Earth Sciences at the University of Tasmania.
Mr Groves also holds a membership of the esteemed Australian Institute of Geoscientists and often serves as the competent person for Sultan’s exploration results and mineral reserves and resources estimates, compliant to the 2012 JORC code. In the past, he held key management and technical positions at Newmont Mining, Newcrest Mining (ASX: NCM), BHP Billiton (ASX: BHP), A-Cap Resources (ASX: ACB) and Botswana Metals.
Presently, Mr Groves also serves as the Director of Six Sigma Metals Ltd.
Mr David Lees is a seasoned industry professional with over 16 years of experience in the financial services industry in Australia. During his tenure, he began with stockbroking and later switched to capital and investment management services. Mr Lees specialises in fund raisings, business development, portfolio management, corporate governance and building and maintaining relationships facilitating seamless operations of Sultan.
Prior to this, Mr David worked with various private firms across product conception to design, development, manufacturing, and global retail sales. He holds a graduate degree in Economics and a postgraduate degree in Applied Finance and Investment.
Mr Mauro Piccini is an experienced Corporate Advisor with a 7 years stint at the ASX and specialises in company sectorial, administration and governance disciplines at listed and non-listed companies. He is a Chartered Accountant and a member of the prestigious Governance Institute of Australia (GIA).
Mr Piccini began his career with Ernst & Young, a Big 4 accounting firm in Perth. Currently, he serves as a corporate advisor at Mirador Corporate and. In addition, He also serves as the Company Secretary of Tando Resources Limited, Six Sigma Metals Ltd, Red Mountain Mining Ltd, Pure Minerals Limited (ASX: PM1) 167 and Axxis Technology Group Ltd.
To know more on- Sultan’s Key Gold and Base Metals Portfolio in the Yilgarn Craton of WA: Click Here
Attractive projects backed by sound management puts Sultan in the driver’s seat to wade through market ups and downs and prepare the company to reach greater highs in the years to come.
Sultan closed at $ 0.10 a share on 11 May 2020, increasing over 17.65%, with a market capitalisation of $4.76 million.