Sultan Resources Ltd. (SLZ) AI Stock Analysis

• Market Cap: AU$1.39M
• Dividend Yield: N/A
• Average Volume (3M): 1.40M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.26
• Revenue Growth: N/A
• EPS Growth: 37.50%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 73
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 231,469,910
• 10 Day Avg. Volume: 1,396,298
• 30 Day Avg. Volume: 1,396,298
• PEG Ratio: -0.05
• Price to Book (P/B): 0.09
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.84
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 44 Neutral
• Price Target: ―

Sultan Resources Ltd. is facing financial headwinds, with declining revenue and continuous losses. Despite a strong balance sheet, negative cash flow and lack of profitability weigh heavily on the stock. Technical analysis is inconclusive due to lack of data, and the valuation appears unattractive given the negative earnings. The stock's overall outlook remains challenging without improvement in revenue generation and profitability.

Sultan Resources Ltd. Business Overview & Revenue Model

Company Description

Sultan Resources Limited explores for and develops mineral properties in Australia. It primarily explores for gold, copper, nickel, and cobalt deposits. The company holds interest in the Lachlan fold belt project comprising granted exploration licenses EL8734, EL8704, and EL8735, which covering a total area of approximately 330 square kilometers located in Central New South Wales; the East Tallering project comprising one granted tenement covering 67 square kilometers located to the northeast of Geraldton, Western Australia; and the Dalwallinu project that covers an area of 167 square kilometers located to the northeast of Perth, Western Australia. It also holds interest in the Thaduna project comprising two granted tenements covering 22 square kilometers located to the northeast of Meekatharra; and the Lake Grace project comprising five tenement applications covering 690 square kilometers located to the southeast of Perth, Western Australia. Sultan Resources Limited was incorporated in 2018 and is based in Subiaco, Australia.

How the Company Makes Money

Sultan Resources Ltd. generates revenue primarily through the exploration and eventual sale or joint venture of mineral deposits. The company invests in early-stage exploration projects, aiming to discover commercially viable mineral resources. Once significant mineral deposits are identified, Sultan Resources may either sell these assets to larger mining companies or enter into joint ventures or partnerships to develop the resources further. Additionally, they might earn income through strategic alliances and the sale of non-core assets, leveraging their expertise in mineral exploration to create value from their portfolio.

Sultan Resources Ltd. Financial Statement Overview

Summary

Sultan Resources Ltd. faces significant financial challenges, including declining revenue and persistent losses. While its balance sheet is strong with no debt, negative cash flow and operational inefficiencies are major concerns.

Income Statement

Sultan Resources Ltd. has experienced significant challenges in revenue generation, with a declining trend in revenue from 2020 to 2024, hitting zero in the most recent year. Gross profit margin is non-existent given there is no revenue, and net income remains negative, indicating ongoing losses. EBIT and EBITDA margins are also negative, reflecting operational inefficiencies. The company's financial performance is weak, showing no signs of improvement in revenue or profitability.

Balance Sheet

The company's balance sheet shows a strong equity position with no debt, resulting in a favorable debt-to-equity ratio. The equity ratio is high, indicating a stable financial structure. However, the continuous net losses are a concern for future equity growth. Despite strong equity, the lack of revenue growth poses risks to sustaining this stability.

Cash Flow

Operating cash flow has consistently been negative, which raises concerns about the company's ability to generate sufficient cash from its core operations. The company has a negative free cash flow, despite positive financing cash flow activities. The free cash flow to net income ratio indicates further challenges in cash management, suggesting reliance on external financing to sustain operations.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	0.00	25.00K	0.00	15.50K	33.42K
Gross Profit	0.00	25.00K	0.00	15.50K	33.42K
EBITDA	-820.85K	-1.77M	-343.51K	0.00	0.00
Net Income	-876.68K	-1.76M	-986.98K	-888.85K	-855.45K
Balance Sheet
Total Assets	9.82M	10.12M	7.68M	6.75M	5.29M
Cash, Cash Equivalents and Short-Term Investments	584.70K	1.35M	1.62M	1.55M	2.01M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	239.22K	161.30K	127.67K	199.00K	229.86K
Stockholders Equity	9.58M	9.96M	7.56M	6.55M	5.06M
Cash Flow
Free Cash Flow	-1.34M	-1.65M	-1.92M	-2.65M	-961.24K
Operating Cash Flow	-758.63K	-829.50K	-680.58K	-730.03K	-633.89K
Investing Cash Flow	-582.62K	-817.95K	-1.24M	-1.92M	-424.99K
Financing Cash Flow	579.92K	1.37M	1.99M	2.20M	0.00

Sultan Resources Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	59 Neutral	HK$17.74B	4.73	-5.52%	3.33%	-3.57%	-61.41%
SLZ	44 Neutral	AU$1.39M	―	-7.86%	―	―	37.50%
MRD	41 Neutral	AU$1.95M	―	-94.58%	―	―	15.56%
RIE	36 Underperform	AU$2.99M	―	-93.85%	―	―	-396.93%
AOA	31 Underperform	$2.85M	―	-66.25%	―	―	-80.00%
KLR	―	AU$884.40K	―		―	―	―
AIV	36 Underperform	AU$4.31M	―	-62.73%	―	―	-197.56%

Sultan Resources Ltd. Corporate Events

Sultan Resources Advances Exploration in Western Australia

Sultan Resources Ltd. has provided an update on its activities for the quarter ending March 31, 2025, highlighting significant developments in its Kondinin-Lake Grace Project in Western Australia. The company is focusing on a 3.5km section of a demagnetised zone within the Lake Grace Gold Project, which shows promising gold prospectivity. Additionally, the Khal Nickel-Cobalt Project is identified as a priority target due to historical indications of nickel-cobalt-sulfide mineralization, suggesting potential for further exploration and development. These efforts are aimed at enhancing the company’s position in the mining sector and potentially increasing shareholder value.

Kalcon Investments Increases Stake in Sultan Resources

Kalcon Investments Pty Ltd has increased its stake in Sultan Resources Ltd, a company involved in the exploration and development of mineral resources, by acquiring an additional 2,500,000 ordinary shares. This acquisition raises Kalcon’s voting power in Sultan Resources from 5.71% to 6.8%, indicating a stronger influence in the company’s decision-making processes.

Sultan Resources Appoints New Director with Significant Shareholding

Sultan Resources Limited has announced the appointment of Mr. Lincoln Xi Victor Liu as a director, effective April 8, 2025. Mr. Liu holds a significant interest in the company through his directorship and shareholding in Wynton Capital Pty Ltd, which owns 16,941,721 ordinary shares of Sultan Resources.

Sultan Resources Ltd Announces Key Board Changes

Sultan Resources Ltd has announced significant changes to its board, with Mr. Lincoln Liu appointed as Non-Executive Chairman and Mr. Mark Mitchell as Non-Executive Director, while Mr. Jeremy King transitions to a Non-Executive Director role. These changes are effective immediately and come alongside the resignation of Non-Executive Directors Mr. Ian David Lees and Mr. Steve Groves. The new appointments bring extensive experience in mining, exploration, and corporate advisory, which may enhance the company’s strategic direction and operational growth.

Sultan Resources Announces Director Departure

Sultan Resources Ltd. has announced the cessation of Mr. David Ian Lees as a director, effective April 8, 2025. Mr. Lees held significant interests in the company, including 120,000 fully paid ordinary shares and additional securities through Peninsula Investments (WA) Pty Ltd. This change in directorship may impact the company’s strategic direction and stakeholder relations.

Sultan Resources Ltd Announces Change of Address

Sultan Resources Ltd has announced a change of its registered office and principal place of business to a new address in Subiaco, Western Australia. This move is part of the company’s ongoing efforts to streamline operations and potentially enhance its strategic positioning within the exploration industry.

Sultan Resources Ltd. Releases Half-Year Financial Report for 2024

Sultan Resources Ltd. has released its half-year financial report for the period ending December 31, 2024. The report includes various financial statements such as the Consolidated Statement of Profit or Loss, Financial Position, Changes in Equity, and Cash Flows. This release provides stakeholders with insights into the company’s financial health and operational performance over the past six months.