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Sultan Appoints Exploration Veteran for Canadian Lithium

19 June 2023 12:27
ASX: SLZ
Lithium Mining

Sultan Resources continues to demonstrate confidence in its recently acquired Canadian lithium project, having appointed industry veteran and seasoned geologist Craig Hall to lead exploration at the two highly prospective lithium projects.

New Old Blood

Hall will bring over 30 years of the minerals industry to the Company, having held a number of roles in exploration, development and production in senior positions within mid-tier and junior resource companies both domestically and internationally.

The industry stalwart has a history with gold, copper and, most notably for Sultans ambitions, lithium, having led exploration at the Mt Cattlin operation, formerly owned by Galaxy Resources and now incorporated into one of the leading global lithium producers, Alkem Limited.

Hall’s work at Mt Cattlin led to the discovery of spodumene repetitions in the Project’s main pit zone along with the addition of considerable extensional volumes to the Project’s resource, which currently stands at a massive 12.8 MT LCE at 1.3% Li2O, having delivered an estimated 194ktpa of spodumene concentrate in the last financial year.

Chasing Canadian Lithium

Given Hall’s vast knowledge and proven track record in the field of lithium exploration, they are in a prime position to capitalise on Sultan’s flagship ventures. These include the Kember Lake and Ruddy Projects, where initial exploration activities are scheduled to begin later this month. The renowned Canadian geological consultancy, APEX Geoscience, will be leading the initial exploration efforts, further enhancing the Project’s credibility and prospects for success.

Despite the Company only acquiring the two Projects late last month, having raised$1.5 million dollars from sophisticated and professional investors to fund the acquisition and subsequent exploration, uncovering the potential of the two Projects located in one of the world’s foremost frontiers for lithium has quickly become the explorer’s prime focus.

While proper exploration is yet to begin, the Projects already offer promising early signs, with the explorer having confirmed a series of pegmatitic granite occurrences covering approximately seven kilometres of the Kember Lake in a desktop review of historical mapping data.

The two Projects comprise a total area of approximately 40 square kilometres of highly prospective lithium land, 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

While exploration at Kember Lake and Ruddy remains the priority for both the Company and Hall, Sultan noted that Hall’s extensive experience in gold and copper will complement ongoing exploration at the Kulin Hill Nickel-Copper and Lake Grace Gold Project.

“Craig’s appointment represents the next step in our strategic plan for the Company. We have recently appointed APEX to manage the exploration of the Kember and Ruddy Projects in Canada and with Craig’s appointment, we now have a highly experienced in-house geologist which strengthens our team as we move towards advancing our exploration programs in Australia and Canada,” Chairman Jeremy King said.

SLZ’s Australian Stock Exchange-listed share price has risen 14.99 per cent today, currently selling at 4.6c (10:44 am UTC+ 8 hours).

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