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Sultan Resources Appoints Experienced Canadian Geological Team for Ontario Exploration

1 June 2023 13:26
ASX: SLZ

Sultan Resources Ltd (ASX: SLZ) maintains the exploration momentum for its Canadian lithium projects with the appointment of highly regarded Canadian geological consultancy APEX Geoscience Ltd. (APEX) to oversee the exploration of its Kember and Ruddy Projects in northwestern Ontario.

Homeground Advantage

Bringing its wealth of experience in Canadian LCT pegmatite exploration, Apex is already undertaking a thorough review of both projects and is now in the final stages of developing an exploration program in conjunction with Sultan.

The geological consultancy is now evaluating all available geological and historical exploration data related to the project to develop a comprehensive yet cost-effective exploration program to identify, map and sample high-priority targets across the two projects’ cumulative 39.3 square kilometres of highly prospective lithium land.

Catering to a wide range of domestic and international clientele, APEX is well-positioned to provide comprehensive support to Sultan’s projects with its renowned expertise in geological consultancy, exploration management, and technical reporting.

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Figure 1: Kember Lake Lithium Project in Proximity to Frontier Lithium’s Spark Deposit

An Emerging Region

The appointment comes shortly after Sultan made its entrance into the Canadian lithium exploration scene with the successful acquisition of two highly prospective projects. The acquisition was achieved through a $1.5 million capital raise, enabling Sultan to finalise the purchase and advance its exploration agenda.

The two highly prospective properties are located in well-established lithium-bearing districts in Ontario and both are adjacent or abutting to compelling critical-metal tenements, with Kember Lake sitting just 8km from the 18.8 MT @1.52% Li2O Spark Deposit held by Frontier Lithium and Ruddy sitting on a goldilocks zone for LCT pegmatite mineralisation as interpreted by neighbour Green Technology Metals.

Looking Forward

Sultan plans to embark on a comprehensive groundwork exploration program aimed at identifying and delineating LCT pegmatites for potential drill testing in 2023.

The initial focus will be on the Ruddy and Kember Projects, which encompass a total area of approximately 40 square kilometres. This fertile ground holds significant potential for the discovery of valuable lithium deposits and has caught the attention of industry players including Frontier Lithium as Ontario emerges as a promising lithium hotspot.

The Company said that it expects to outline its exploration strategy for the two intriguing projects in the near future.

“Sultan is pleased to have contracted APEX to manage the exploration on the Kember and Ruddy properties in Ontario. The region continues to emerge as a source of high-quality LCT lithium projects and APEX enjoys an excellent reputation. We look forward to working with them,” Chairman Jeremy King said.

“In consultation with APEX, the Company expects to finalise more details of our exploration strategy soon, and will update shareholders in due course.

SLZ’s Australian Stock Exchange-listed share price is currently trading at 4.2 cents (12:05 pm UTC+ 8 hours).

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