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Sultan Resources Ltd. ( (AU:SLZ) ) just unveiled an announcement.
Sultan Resources Ltd has successfully completed a strategic placement raising $1 million to fund the expansion of its exploration assets. This placement, supported by professional and sophisticated investors, positions the company to advance its acquisition of the Damara Gold Project in Namibia and other key projects, enhancing its growth and transformation in the gold and critical metals sector. The funds will facilitate the commencement of exploration work and potential further acquisitions, strengthening Sultan’s market position.
More about Sultan Resources Ltd.
Sultan Resources Ltd is a company operating in the mining industry, focusing on the exploration and acquisition of gold and critical minerals. The company is actively involved in projects located in Tier-1 mining jurisdictions, with a particular emphasis on the Damara Gold Project in Namibia, the Narndee Nickel-PGE Project, and the Niobe Rubidium Deposit in Western Australia.
Average Trading Volume: 7,476,221
Technical Sentiment Signal: Sell
Current Market Cap: A$5.09M
Learn more about SLZ stock on TipRanks’ Stock Analysis page.