ASX
217 days, 3 hours ago 
SLZ
Sultan Resources LTD
Cleansing Statement
Sultan Resources Ltd issued 10,952,380 listed options exercisable at $0.03, expiring on March 12, 2027, without a disclosure document.
Capital raise
 
ASX
217 days, 3 hours ago 
SLZ
Sultan Resources LTD
Application for quotation of securities - SLZ
Sultan Resources Ltd (SLZ) has applied for quotation of 10,952,380 options expiring on March 12, 2027, following shareholder approval at the AGM on November 21, 2024.
ASX
239 days, 5 hours ago 
SLZ
Sultan Resources LTD
Results of Meeting
Sultan Resources Limited (ASX: SLZ) reports that all resolutions put to its Annual General Meeting on November 21, 2024, were carried.
ASX
263 days, 10 hours ago 
SLZ
Sultan Resources LTD
Sultan to Undertake Placement to Raise up to $338,834
Sultan Resources Ltd (ASX: SLZ) announced a $338,834 placement to professional and sophisticated investors at $0.01 per share, representing a 20% discount to the last closing price, to fund due diligence and working capital.
ASX
267 days, 10 hours ago 
SLZ
Sultan Resources LTD
Trading Halt
Sultan Resources Limited (ASX: SLZ) requested a trading halt on the ASX, pending the release of an announcement regarding a capital raising.
Capital raise
 
ASX
268 days, 3 hours ago 
SLZ
Sultan Resources LTD
Response to ASX Price and Volume Query
Sultan Resources Limited (SLZ) saw its share price jump from $0.006 to $0.012, prompting an ASX price query, to which the company responded that it was unaware of any undisclosed information explaining the price surge.
ASX
270 days, 6 hours ago 
SLZ
Sultan Resources LTD
Notice of Annual General Meeting/Proxy Form
Sultan Resources Limited shareholders will vote on several resolutions at their Annual General Meeting on November 21, 2024, including the re-election of a director, approval of a 10% placement facility, and ratification of prior option issuances.
Capital raise
 
ASX
275 days, 11 hours ago 
SLZ
Sultan Resources LTD
Company Project Update
Sultan Resources Ltd (ASX: SLZ) is reviewing its asset base, focusing on gold and nickel-cobalt prospects in Australia and lithium exploration in Canada, while also seeking acquisitions in North America.
Delay expected
 
ASX
353 days, 9 hours ago 
SLZ
Sultan Resources LTD
Quarterly Activities/Appendix 5B Cash Flow Report
Sultan Resources provides an update on its activities for the quarter ended June 30, 2024, including exploration projects in Western Australia, Canada, and New South Wales, and reports a cash position of approximately $584,000.
Worse than expected
 
Delay expected
 
Capital raise
 
ASX
360 days, 10 hours ago 
SLZ
Sultan Resources LTD
Calesi Drill Results
Sultan Resources' drilling at the Calesi prospect, funded by Rio Tinto Exploration, revealed geochemical anomalies but no significant gold or nickel, leading Rio Tinto to withdraw from the farm-in agreement.
Worse than expected
 
ASX
444 days, 10 hours ago 
SLZ
Sultan Resources LTD
Quarterly Activities/Appendix 5B Cash Flow Report
Sultan Resources provides an update on its activities for the quarter ended March 31, 2024, focusing on projects in Western Australia, Canada, and New South Wales, and announces the completion of a capital raise.
Worse than expected
 
Delay expected
 
ASX
492 days, 2 hours ago 
SLZ
Sultan Resources LTD
Half Year Accounts
Sultan Resources Limited reports on its half-year financial results ending December 31, 2023, highlighting ongoing mineral exploration activities and a farm-in agreement with Rio Tinto Exploration.
Better than expected
 
Delay expected
 
Capital raise
 
SLZ 
Sultan Resources LTD 
ASX

Sultan Resources Rights Issue Closing

Sentiment:
 Capital Raising Update
 15 July 2025 9:23 PM

Sultan Resources Limited announced the imminent closing of its non-renounceable rights issue on Friday, July 18, 2025, following an extension granted to ensure full shareholder participation amidst a strategic company transition.

Delay expected
  The rights issue was extended to ensure that all shareholders had ample opportunity to participate. 

Summary
  • Sultan Resources Limited (SLZ) has advised that its current non-renounceable rights issue will close at 5:00pm (WST) on Friday, July 18, 2025.
  • The company has confirmed that no further extensions to the rights issue closing date will be granted.
  • The rights issue was previously extended to provide all eligible shareholders with ample opportunity to participate.
  • This closing occurs during a period of significant transition for Sultan Resources, marked by the appointment of a new Board and Management team.
  • The company is renewing its focus on unlocking the value of its exploration portfolio, which covers nearly 950km2.
  • Sultan Resources is also actively advancing new potential acquisition opportunities to drive shareholder value.
  • Eligible shareholders can access their personalized Entitlement and Acceptance Form and apply for shares securely online via the Automic Investor Portal.
Sentiment

Score: 7

Explanation: The document conveys a generally positive sentiment, highlighting a strategic transition with new leadership, a renewed focus on exploration, and the pursuit of new acquisition opportunities, despite the need for an extension on the rights issue.

Positives
  • The appointment of a new Board and Management team signals a strategic refresh for the company.
  • There is a renewed focus on unlocking the value of the existing exploration portfolio.
  • The company is actively advancing new potential acquisition opportunities to drive shareholder value.
  • The extension of the rights issue provided eligible shareholders with a further opportunity to increase their holding.
  • Sultan Resources holds a portfolio of quality assets in emerging discovery terranes, including the highly prospective Lachlan Fold Belt Projects and Lake Grace Project.
Negatives
  • No explicit negatives were detailed in the document.
Risks
  • No specific current issues or potential future challenges were detailed in the document.
Future Outlook

The company's future outlook is centered on systematically exploring its priority prospects to unlock gold and base metal discoveries using modern techniques, and advancing new potential acquisition opportunities to enhance shareholder value.

Management Comments
  • The rights issue was extended to ensure that all shareholders have had ample opportunity to participate.
  • This comes during a period of transition for the Company, marked by the appointment of a new Board and Management team and a renewed focus on unlocking the value of its exploration portfolio while advancing new potential acquisition opportunities to drive shareholder value.
Industry Context

Sultan Resources is an Australian-focused exploration company operating in emerging discovery terranes, with projects in the highly prospective Lachlan Fold Belt and the Lake Grace Project, which is part of an interpreted mobile zone hosting the recent Julimar Ni-Cu-PGE discovery, indicating a strategic focus on regions with proven mineralisation potential and alignment with other experienced explorers like Ausgolds (ASX:AUC).

Comparison to Industry Standards
  • The Lake Grace Project forms part of an interpreted mobile zone that hosts the recent Julimar Ni-Cu-PGE discovery, indicating its potential in a highly prospective region.
  • Sultan's projects are located in emerging exploration terrains targeted by experienced explorers such as Ausgolds (ASX:AUC) with their Kulin Project, suggesting the company is operating in areas considered attractive by industry peers.
Stakeholder Impact
  • Shareholders are directly impacted by the rights issue, as it provides them with an opportunity to increase their holding in the company.
  • The new Board and Management team are focused on driving shareholder value through exploration and acquisition strategies.
Next Steps
  • The company will continue to pursue a systematic exploration strategy across its priority prospects.
  • Sultan Resources aims to unlock gold and base metal discoveries using modern techniques.
  • The company will advance new potential acquisition opportunities to drive shareholder value.
Key Dates
  • 2025-07-18: Closing date for the non-renounceable rights issue at 5:00pm (WST).
Keywords
Rights issue, Capital raise, Exploration, Gold, Copper, Nickel, PGE, Lachlan Fold Belt, Lake Grace Project, Sultan Resources, SLZ, Mining
SLZ 
Sultan Resources LTD 
ASX
Sector: Materials
 
Filings with Classifications
Delay expected
15 July 2025 9:23 PM
Capital Raising Update
  • The rights issue was extended to ensure that all shareholders had ample opportunity to participate.
Capital raise
7 July 2025 7:16 PM
Exploration Update
  • Proceeds from the current capital raising are in part intended to support early-stage exploration across the identified targets and progress towards drilling and potential discovery.
Worse than expected
16 June 2025 6:47 PM
Capital Raise Update
  • The extension of the closing date for the entitlement offer suggests that the company did not receive the expected level of subscriptions by the original deadline.
Capital raise
16 June 2025 6:47 PM
Capital Raise Update
  • The document details a pro-rata non-renounceable entitlement offer to raise approximately $1,157,349 before costs, with a shortfall offer also available.
Delay expected
16 June 2025 6:47 PM
Capital Raise Update
  • The closing date for the entitlement offer has been extended from Friday, 20 June 2025, to Friday, 4 July 2025.
Capital raise
10 June 2025 7:52 PM
Capital Raise Announcement
  • Sultan Resources Ltd is undertaking a non-renounceable pro-rata 1 for 1 entitlement offer to raise up to approximately $1,157,349 before costs.
  • The offer allows eligible shareholders to subscribe for new shares at an issue price of $0.005 per share.
Capital raise
1 June 2025 6:52 PM
Capital Raise Announcement
  • Sultan Resources Ltd. has announced its intention to undertake an equity raising of up to approximately $1,157,349 before costs.
  • This capital raise will be conducted via a non-renounceable pro-rata entitlement offer of fully paid ordinary shares.
Capital raise
1 June 2025 6:46 PM
Rights Issue Offer Document
  • Sultan Resources Ltd is conducting a non-renounceable pro-rata rights issue to raise approximately $1,157,349 before costs.
  • The Offer allows eligible shareholders to subscribe for one new share for every one share they currently hold at an issue price of $0.005 per share.
  • The funds raised are primarily earmarked for working capital, including exploration expenditure, administration, and staff remuneration, with a small portion covering offer expenses.
  • The Offer opens on June 11, 2025, and is scheduled to close on June 20, 2025, with new shares expected to be issued on June 27, 2025.
Capital raise
1 June 2025 6:40 PM
Capital Raise Announcement
  • Sultan Resources Ltd is undertaking a non-renounceable entitlement offer to raise up to approximately $1,157,349 before costs.
  • The offer is for 1 New Share for every 1 Share held by Eligible Shareholders at an issue price of $0.005 per Share.
  • The funds are intended to finance proposed exploration expenditure, project assessment, and working capital.
Capital raise
28 April 2025 2:50 AM
Quarterly Activities Report
  • The Company can raise additional capital to continue to fund its operations.
  • This has previously proven to be successful.
Delay expected
28 April 2025 2:50 AM
Quarterly Activities Report
  • Drilling at the Khal Nickel-Cobalt Project is delayed due to depressed nickel sentiment.
  • Reconnaissance activities at Kember were delayed after First Nation groups requested additional time to inform its members of planned activities.
Worse than expected
12 March 2025 2:11 AM
Half-Year Financial Report
  • The company reported a net loss of $283,664 for the half-year, which is worse than the previous period's loss of $406,844.
Delay expected
12 March 2025 2:11 AM
Half-Year Financial Report
  • Access to the Kember Project in Canada has been delayed due to prolonged negotiations with First Nation groups.
Capital raise
30 January 2025 9:20 PM
Quarterly Report
  • The company completed a placement to raise $338,834 during the quarter.
  • The company has indicated that it can raise additional capital to continue to fund its operations.
Delay expected
30 January 2025 9:20 PM
Quarterly Report
  • The Khal Nickel-Cobalt project has been delayed due to depressed nickel sentiment.
  • Field reconnaissance at the Kember Project was delayed due to negotiations with First Nation groups.
Capital raise
13 December 2024 12:55 AM
Options Issuance Notice
  • The company has issued options which, if exercised, could lead to a capital raise.
Capital raise
23 October 2024 6:32 PM
Trading Halt Announcement
  • The company is undertaking a capital raising.
Capital raise
20 October 2024 10:44 PM
Annual General Meeting Notice
  • The company is seeking shareholder approval for a 10% placement facility to raise capital.
  • The exact amount of capital to be raised will depend on market conditions and the number of equity securities issued.
Delay expected
15 October 2024 5:57 PM
Project Update
  • Reconnoissance activities at the Kember Project have been delayed due to consultations with First Nation groups.
  • The submission for OJEP funding at Kember may not be progressed if access isn't gained by mid-November 2024, potentially delaying exploration.
Delay expected
29 July 2024 7:07 PM
Quarterly Activities Report
  • Reconnaissance activities at the Kember Lithium Project have been delayed due to requests from a First Nation group.
Worse than expected
29 July 2024 7:07 PM
Quarterly Activities Report
  • Rio Tinto Exploration (RTX) has withdrawn from the farm-in agreement for the Calesi Ni Prospect (E70/5082) after drilling failed to find significant gold values.
Capital raise
29 July 2024 7:07 PM
Quarterly Activities Report
  • The Company can raise additional capital to continue to fund its operations.
  • This has previously proven to be successful.
Worse than expected
22 July 2024 6:36 PM
Exploration Update
  • The drilling results did not yield economically significant gold or nickel values, leading to Rio Tinto's withdrawal, indicating worse than expected outcomes.
Delay expected
29 April 2024 7:02 PM
Quarterly Activities Report
  • Reconnaissance activities at the Kember Lithium Project in Canada have been delayed due to First Nation consultation requirements.
Worse than expected
29 April 2024 7:02 PM
Quarterly Activities Report
  • Drilling at the Calesi prospect did not find support for magmatic nickel sulfides, which is worse than expected.
Better than expected
13 March 2024 2:30 AM
Half-Year Financial Report
  • The operating loss decreased to $406,844 from $1,261,284 in the prior corresponding period.
  • Basic and diluted loss per share improved to (0.27) cents from (1.51) cents.
Delay expected
13 March 2024 2:30 AM
Half-Year Financial Report
  • Ground conditions have been unsuitable for drilling at Reserve 18455 since receiving permission to drill.
Capital raise
13 March 2024 2:30 AM
Half-Year Financial Report
  • On 6 February 2024, the Company announced that it is undertaking a pro-rata non-renounceable attaching listed option (exercisable at $0.03 and expiring 3 years from the date of issue) for every three (3) New Shares subscribed for and issued.
  • The Offer closed on 5 March 2024.
  • under the Offer were issued on 12 March 2024.
  • The Company will liaise with the Underwriter to determine the allocation of the remaining Shortfall Securities in accordance with the term of the Underwriting Agreement (and sub-underwriting agreements) and complete the allotment of the Shortfall Securities.

Disclaimer: This summary was generated by artificial intelligence and its accuracy is not guaranteed. The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.