tiprankstipranks
Sultan Resources Faces RTX Withdrawal Post-Drilling
Company Announcements

Sultan Resources Faces RTX Withdrawal Post-Drilling

Sultan Resources Ltd. (AU:SLZ) has released an update.

Don't Miss our Black Friday Offers:

Siltan Resources Ltd. recently completed two reverse circulation drill holes at the Calesi prospect near Kulin, WA, which were funded by Rio Tinto Exploration (RTX) as part of a farm-in agreement. The drilling identified a pyrrhotite-rich mafic amphibolite with geochemical anomalies, but no significant gold values were found. Consequently, RTX has decided to withdraw from the farm-in arrangement with Sultan Resources.

For further insights into AU:SLZ stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App