Sultan Resources Ltd (ASX:SLZ) Announces New Gold and Copper Targets in Lachlan Fold Belt
Exploration Targets
Sultan Resources Ltd has identified several priority gold-copper (Au-Cu) and gold-silver (Au-Ag) targets within its Lachlan Fold Belt (LFB) tenements. The Ringaroo, Gowan Green, and Razorback-Wattle Ridge Au-Cu targets have been highlighted for immediate on-ground exploration. These targets feature significant Au-in-soil anomalies and associated geophysical evidence, suggesting the potential for porphyry Au-Cu mineralisation.
Executive Comments
Chairman Lincoln Liu stated, “Under Sultan’s new management, a portfolio review has recognised that there is significant untested potential for Au and Cu mineralisation within our Lachlan Fold Belt tenements and we are eager to get back on the ground to test our targets and deliver a new discovery.”
Future Plans
Proceeds from the current capital raising will support early-stage exploration across Sultan’s LFB targets, including fieldwork, geophysics, and preparatory activities to refine drill targets. The company may commence groundwork during the current quarter and plans to update the market as exploration progresses towards drilling and potential discoveries.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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