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SULTAN RESOURCES LTD Interim / Quarterly Report 2026
65816_rns_2026-04-29_1dd46cf8-4500-427c-ba58-745e19d9587c.pdf
Interim / Quarterly Report
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ASX ANNOUNCEMENT
30 April 2026
SULTAN RESOURCES
MARCH 2026 QUARTERLY REPORT
For the period 1st January–31st March 2026
Sultan Resources Limited (“SLZ” or “the Company”) is pleased to provide shareholders with the following update for the Company’s activities for the quarter ended 31st March 2026. The Board of Sultan Resources continued to review the existing portfolio and to seek new opportunities in Critical Minerals and Precious Metals, while also raising capital to fund the Company’s realigned project commitments within current market conditions.
NSW PROJECTS
LACHLAN FOLD BELT PROJECT, NSW (EL8734, EL8735, EL9070)
During the quarter the review of existing and new datasets over its Lachlan Fold Belt (LFB) tenements continued examining a number of Gold and Copper geochemical soil anomalies, anomalous rock chip samples, with underlying geophysical evidence suggesting significant potential for porphyry Au-Cu mineralisation.
Figure 1: SLZ’s LFB tenements and priority target areas relative to the mapped exposures of the Macquarie Arc, gold and copper mineral occurrences from the Geological Survey of NSW database and the Boda-Kaiser porphyry Au-Cu deposit.
SULTAN RESOURCES LTD ASX CODE: SLZ ACN: 623 652 522
BOARD OF DIRECTORS Lincoln Liu - Chairman Jeremy King - Non-Executive Director Mark Mitchell - Non-Executive Director
CONTACT x.com/sultanresources [email protected] 1/1 Centro Avenue Subiaco, WA 6008
ASX ANNOUNCEMENT
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Sultan's three LFB tenements (EL8735, EL9070 and EL8734) cover 165 km2, including parts of the northern portion of the Late Ordovician to Early Silurian Molong and Rockley-Gulgong Volcanic Belts of the Macquarie Arc, which is broadly recognised as Australia's premier porphyry Au-Cu province and host to Alkane Resources' recent major Boda-Kaiser discovery (323Mt @ 0.26g/t Au and 0.15% Cu ASX: ALK 10 July 2024) and Newmont's world-class Cadia East Au-Cu mine further to the south.
The Company has identified the Ringaroo, Gowans Green and Razorback-Wattle Ridge Au-Cu targets in EL8735 for further exploration (Figure 1).
Ringaroo Au-Cu
The Ringaroo porphyry Au-Cu target lies within the Molong Volcanic Belt at the northern end of EL8735, immediately south of Impact Minerals' Aspley porphyry prospect.
Key features of Ringaroo are summarised in Figure 2 and include:
- A $1 \mathrm{~km} \times 0.4 \mathrm{~km} > 3.1 \mathrm{ppb}$ Au-in-soil anomaly, which is spatially associated with the Ringaroo magnetic high, interpreted to represent a magnetite-bearing (oxidised) volcanic and intrusive complex.
- The anomaly is open to the NW, SE and NE, towards Impact Minerals (ASX:IPT) Apsley porphyry Au-Cu prospect. Impact reports high-grade copper rock chip results of up to $7.73\%$ Cu immediately adjacent to Sultan's northern tenement boundary (ASX: IPT 14 January 2020 and 23 April 2020).
- The Au in soil anomaly also overlies a $900\mathrm{m} \times 300\mathrm{m}$ IP chargeability anomaly ( $>9\mathrm{mV/V}$ and up to $30\mathrm{mV/V}$ ) overlying a $1000\mathrm{m}$ wide resistivity anomaly (ASX: SLZ 10 November 2020).
- A smaller $>3.1$ ppb Au-in-soil anomaly lies on the NE end of another magnetic high and is open along strike to the SW.
Figure 2: Total magnetic intensity (TMI) image over Ringaroo showing soil sample coverage and gold results, IP lines (black) and the IP chargeability anomaly, and Impact Minerals rock chip results from the Apsley porphyry prospect (ASX: IPT 14/01/2020 & 23/04/2020) immediately north of EL8735 (ASX: SLZ 9 July 2020).
ASX ANNOUNCEMENT
Sultan's proposed work program for Ringaroo will focus on extending the soil sampling coverage to close off the soil anomalies, and additional IP lines over areas highlighted by the soil data to test for additional conductors and generate potential porphyry targets for drill testing.
Gowan Green and Razorback-Wattle Ridge Au-Cu
The Gowan Green and Razorback-Wattle Ridge porphyry Au-Cu targets (Figure 3) are hosted within the Molong Volcanic Belt and are located in the southwest corner of EL8735. The two targets lie at either end of a 6km (N-S) by 1km (E-W) soil survey undertaken in 2020 over the Big Hill porphyry prospect (ASX: SLZ 2 June 2020), overlying a NE-trending magnetic ridge, considered to represent a portion of the Molong Volcanic Belt.
Figure 3: Total magnetic intensity (TMI) image over the Big Hill area, showing (left) gold-in-soil results, with anomalous $>3.1\mathrm{ppb}$ Au values contoured; and (right) rock chip copper values relative to the anomalous soils, the location of the historical workings at Gowan Green, and the locations of the Gowan Green and Razorback-Wattle Ridge targets. The central portion of the soil anomaly corresponds to the Big Hill target. Note that due to the narrow focus of the soil survey, most of the anomalous zones remain at least partially open to the east. The magnetic high corresponding to the Molong Volcanic Belt is clearly visible (ASX: SLZ 30 September 2020).
Key features of the Gowan Green Au-Cu porphyry target are summarised in Figure 4 and include:
- Multiple gold-in-soil anomalies, with associated Cu and pathfinder elements (ASX: SLZ 2 June 2020), associated with a magnetic high, correlating with mapped volcanic and intrusive rocks of the Molong Volcanic Belt. The anomalies are mostly open to the NE, due to limited soil sample coverage.
ASX ANNOUNCEMENT
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- The soil anomalies are proximal to and appear to border multiple discrete IP chargeability anomalies.
- Samples of oxidized mullock collected from historic Cu-Au workings (Table 1 and Figure 5) contain up to $24.6\mathrm{g / t}$ Au, $26.1\%$ Cu and $65.5\mathrm{g / t}$ Ag, supporting the presence of a base and precious metal rich mineralising system.
- Lithogeochemical studies of multi-element whole rock data confirm that the Gowan Green rocks are calc-alkaline basalts, with a volcanic arc tectonic signature consistent with being part of the Molong Volcanic Belt of the Macquarie Arc, recognised as Australia's premier porphyry Au-Cu province.
- Outcropping silica-limonite skarns and chlorite-altered mafic volcanics have been mapped in the area, supporting the presence of a large-scale hydrothermal system.
Figure 4: Total magnetic intensity (TMI) image over Gowan Green, showing Au-in-soil results and IP chargeability anomalies. Copper and gold values for mullock samples collected from the historical copper workings are also shown. Further analytical results for these samples are provided in Table 1 (Refer ASX: SLZ 20 May 2020).
ASX ANNOUNCEMENT
| SampleID | MGA_East | MGA_North | Au g/t | Ag g/t | As ppm | Bi ppm | Cu % | In ppm | Mo ppm | Na % | Ni ppm | Pb ppm | S % | Se ppm | Te ppm |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SPR020 | 684568 | 6369967 | 24.6 | 65.5 | 938 | 91.4 | 26.10 | 4.88 | 4.19 | 0.03 | 3630 | 584 | 0.07 | 116 | 171.5 |
| SPR021 | 684569 | 6369967 | 2.69 | 20.0 | 203 | 17.35 | 7.55 | 0.619 | 1.06 | 1.92 | 3740 | 177 | 0.03 | 14 | 16.7 |
| SPR022 | 684568 | 6369968 | 0.513 | 7.7 | 174 | 2.23 | 4.49 | 0.177 | 0.56 | 1.66 | 2320 | 28 | 0.01 | 2 | 4.08 |
| SPR023 | 684568 | 6369969 | 0.353 | 11.7 | 93 | 1.85 | 5.96 | 0.141 | 0.7 | 2.96 | 2730 | 69 | 0.14 | 2 | 3.05 |
| SPR024 | 684567 | 6369967 | 0.939 | 21.6 | 95 | 3.46 | 5.71 | 0.252 | 0.57 | 3.41 | 2670 | 82 | 0.06 | 6 | 6.01 |
| SPR025 | 684567 | 6369966 | 0.038 | 7.9 | 105 | 1.51 | 10.10 | 0.06 | 0.7 | 2.04 | 5130 | 32 | 0.12 | 1 | 0.65 |
| SPR026 | 684569 | 6369968 | 1.16 | 24.8 | 654 | 2.77 | 12.55 | 0.447 | 0.61 | 1.7 | 4650 | 125 | 0.04 | 5 | 8.03 |
Table 1: Assay results for mullock samples collected from Gowan Green (ASX: SLZ 20 May 2020).
Figure 5: Mullock sample of malachite veined gossan with limonitic boxwork after sulfide (Sample SPR020) (ASX: SLZ 20 May 2020).
Sultan will approach the Gowan Green target in a similar manner to Ringaroo. The Company will investigate expanding the soil geochemical survey to the north and east to close off open anomalies and look to integrate this data with reinterpreted IP and magnetics to define potential porphyry Au-Cu drill targets.
Key features of the Razorback-Wattle Ridge Au-Cu porphyry targets are summarised in Figure 6 and Table 2 which include:
- Surface mapping of propylitic alteration, pyrite and chalcopyrite mineralisation, a $\sim 1\mathrm{km}$ long skarn breccia, diorite and monzodiorite mapped at surface, providing confidence that all the required components of a porphyry Au-Cu system are present.
- Anomalous Au, Cu and pathfinder elements in soil sampling, although the sampling once again failed to cover the full width of the target and is open to the east, and multiple Au- and Cu-mineralised outcrop and float samples, collected across the length of the target.
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- A large underlying IP chargeability anomaly which has not been drill tested. Previous drilling focused on the skarn breccia, which shows evidence of copper and gold mineralisation.
- Although the results of previous drilling into the skarn were disappointing, the holes reported sericite alteration, elevated Au-Cu-Ag-Mo-W values, zones of quartz carbonate veining, and hydrothermal breccias with infill disseminated pyrite and minor chalcopyrite and bornite blebs (ASX: SLZ 15 March 2022). These results are consistent with proximity to porphyry-style mineralisation.
- Drill results also suggest that alteration intensity and Cu and Au grades increase with depth, towards an interpreted source that is broadly coincident with the untested IP anomaly, shown as a porphyry target on Figure 6.
Figure 6: Total magnetic intensity (TMI) image over Razorback-Wattle Ridge, showing mapped surface lithology and alteration, IP chargeability wireframe (10 mV/V), 3.1ppb Au in soils (again open to the east) and previous drilling, which focused on the mapped surface skarn breccia. The dashed yellow line shows an interpreted porphyry target based on the IP, magnetics and previous drilling results, with the skarn breccia located along its eastern margin. (Refer to ASX: SLZ 3 February 2022 and ASX: SLZ 15 March 2022).
| SampleID | Sample_Type | MGA_East | MGA_North | Au g/t | Ag g/t | As | Ni ppm | Cu % | In ppm | Mo ppm | Na % | Ni ppm | Pb ppm | S % | Se ppm | Te ppm |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SPR003 | Outcrop | 684291 | 6366977 | 0.004 | 0.00 | 4 | 0.04 | 0.006 | 0.043 | 0.86 | 2.86 | 15 | 5 | 0.005 | 0.5 | 0.025 |
| SPR004 | Float | 684312 | 6366942 | 0.007 | 2.90 | 45 | 0.15 | 1.500 | 0.073 | 1.13 | 0.95 | 3 | 34 | 0.01 | 0.5 | 0.025 |
| SPR005 | Float | 684313 | 6366943 | 0.001 | 3.80 | 67 | 0.15 | 2.400 | 0.061 | 0.99 | 0.09 | 3 | 43 | 0.005 | 0.5 | 0.025 |
| SPR006 | Float | 684296 | 6366983 | 0.002 | 0.50 | 13 | 0.05 | 0.170 | 0.046 | 0.71 | 5.35 | 16 | 8 | 0.01 | 0.5 | 0.025 |
| SPR014 | Float | 684288 | 6366977 | 0.003 | 7.00 | 168 | 0.03 | 2.210 | 0.044 | 1.51 | 0.22 | 10 | 23 | 0.01 | 0.5 | 0.025 |
| SPR015 | Float | 684289 | 6366978 | 0.002 | 9.20 | 207 | 0.03 | 2.500 | 0.042 | 1.65 | 0.12 | 8 | 21 | 0.02 | 0.5 | 0.025 |
| SPR037 | Outcrop | 685005 | 6366247 | 1.120 | 0.17 | 115.5 | 0.22 | 0.130 | 3.59 | 2.1 | 0.07 | |||||
| SPR038 | Outcrop | 685006 | 6366247 | 1.690 | 0.16 | 67.5 | 0.35 | 0.100 | 9.43 | 2 | 0.04 |
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| SPR039 | Outcrop | 685008 | 6366248 | 1.140 | 0.24 | 50.4 | 0.27 | 0.140 | 8.95 | 1.8 | 0.15 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SPR040 | Outcrop | 685009 | 6366249 | 2.250 | 0.28 | 77.2 | 0.25 | 0.070 | 4.83 | 1.9 | 0.15 | |||||
| SPR051 | Outcrop | 684922 | 6365610 | 0.582 | 0.10 | 253 | 0.18 | 0.090 | 2.09 | 2 | 0.85 | |||||
| SPR058 | Outcrop | 684976 | 6365850 | 0.586 | 0.24 | 100.5 | 0.24 | 0.506 | 2.6 | 3.3 | 0.3 | |||||
| SPR059 | Outcrop | 684976 | 6365852 | 0.382 | 0.27 | 81.2 | 0.34 | 0.548 | 3.69 | 3.3 | 0.29 | |||||
| SPR062 | Outcrop | 684971 | 6365887 | 0.418 | 0.14 | 29.2 | 0.11 | 0.500 | 0.89 | 1.4 | 0.25 | |||||
| SPR066 | Outcrop | 685015 | 6366085 | 0.040 | 0.28 | 139.9 | 0.1 | 0.779 | 1.02 | 1.7 | 0.69 | |||||
| SPR067 | Outcrop | 685008 | 6366096 | 0.480 | 0.11 | 159 | 0.15 | 0.195 | 0.49 | 2.3 | 1.32 | |||||
| SPR068 | Outcrop | 685005 | 6366101 | 0.980 | 1.25 | 93 | 0.25 | 2.650 | 10.12 | 2.9 | 1.81 | |||||
| SPR070 | Outcrop | 685008 | 6366096 | 0.565 | 0.10 | 130.5 | 0.12 | 0.242 | 0.53 | 1.9 | 1.27 | |||||
| SPR078 | Outcrop | 685008 | 6366096 | 0.558 | 1.00 | 43.6 | 0.24 | 2.240 | 1.16 | 2.7 | 1.18 | |||||
| SPR079 | Outcrop | 685005 | 6366101 | 0.620 | 1.13 | 41.8 | 0.22 | 2.420 | 1.1 | 2.5 | 1.38 | |||||
| SPR080 | Outcrop | 685005 | 6366101 | 0.640 | 0.83 | 95.7 | 0.25 | 2.000 | 1.12 | 2.8 | 1.17 | |||||
| SPR081 | Outcrop | 685005 | 6366101 | 0.990 | 0.86 | 105 | 0.29 | 2.090 | 1.47 | 2.7 | 0.98 |
Table 2: Assay results for outcrop and float rock chip samples from the Razorback-Wattle Ridge prospect. (Refer to ASX: SLZ 30 September 2020 and 20 May 2020).
Figure 7: Samples of mineralised chalcopyrite- and malachite-bearing skarn breccia from Razorback-Wattle Ridge. Both samples were collected close to the collar location of RZD001. The sample locations are provided in Table 2.
The review also recommended to expand the soil grid at Razorback-Wattle Ridge to fully cover the IP anomaly there. In addition, surface mapping and rock chip sampling should be undertaken in order to better understand the distribution of intrusive rocks, alteration and mineralisation to select the best possible locations for drill testing of the porphyry Au-Cu target.
Tucklan Project
Located in the Rockley-Gulgong Volcanic Belts of the Macquarie Arc and the Mudgee Fault corridor that has undergone limited exploration. Past exploration included the identification of the Tucklan open ended silver anomaly where the drilling a chargeability IP anomaly with coincident surface gold-in-soil and gold bearing rock chip hit a broad zone of silver mineralisation, TRC001 [email protected]/t Ag from 200m. Four other targets have been identified in the licence for investigation, Figure 7. These five areas are currently under review.
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Figure 7: The five target areas at Tucklan currently under review.
Next Steps
Proceeds from the current capital raising are intended to support early-stage exploration across Sultan's targets in the Lachlan Fold Belt. This includes fieldwork, geophysics, and preparatory activities aimed at refining drill targets.
NEW OPPORTUNITIES
The Company continues to review acquisition or joint venture opportunities which are complementary to Sultan's existing asset base, and which have the potential to enhance shareholder value. The Board is focused on ensuring any new project will deliver significant upside to all shareholders but there can be no guarantee that any transaction will meet such requirements and be concluded.
ASX ANNOUNCEMENT
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CORPORATE
During the quarter, the Company successfully qualified to trade on and has been admitted to OTCID Market. The Company's OTCID code is SLZRF.
Sultan's listing on the OTC Market will provide several value accretive opportunities, including providing US retail and institutional investors direct access to invest and trade in Sultan's shares, position alongside US-listed exploration peers in the Precious and Critical Metals sectors, and expand engagement with North American investors and potential strategic partners.
The Board of Sultan Resources remains committed to pursuing opportunities which are potentially highly value-accretive.
Sultan will continue to actively evaluate strategic acquisition and joint venture opportunities that align with the Company's Critical Minerals and Precious Metals focus, the Company's vision and which will complement its existing asset base - with the goal of seeking to deliver significant value for all shareholders.
Sultan's cash position as at 31 March 2026 was approximately $1.25 million.
ADDITIONAL ASX INFORMATION
ASX Listing Rule 5.3.1
Exploration and Evaluation during the quarter was ~$12,000.
ASX Listing Rule 5.3.2
There was no substantive mining production and development activities during the quarter.
ASX Listing Rule 5.3.5
| Payments to Related Parties & their Associates | Total Amount |
|---|---|
| Director Fees and Superannuation | $17,160 |
| Company Secretarial, Registered Office and Financial Management Services | $ 49,761 |
Payments to related parties & their associates during the quarter include payment of invoices from earlier periods.
ASX Listing Rule 5.3.3
SCHEDULE OF TENEMENTS New South Wales
| Tenement | Holder | Status | Area | Application Date | Grant Date | Expiry Date | Required Expenditure |
|---|---|---|---|---|---|---|---|
| Lachlan Fold Belt Project | |||||||
| EL 8734 | Colossus Metals | Live | 16 Units | NA | 16 April 2018 | 16 April 2030 | $250,000¹ |
| EL 8735 | Colossus Metals | Live | 37 Units | NA | 16 April 2018 | 16 April 2030 | $300,000¹ |
| EL 9070 | Sultan Resources | Live | 4 Units | NA | 2 March 2021 | 2 March 2027 | $14,000² |
¹ Total commitment 16/4/2025-15/4/2030 (5-year period guide only)
² Annual commitment
Page 9
ASX ANNOUNCEMENT
The mining tenements relinquished during the quarter and their location: Nil
The mining tenement interests acquired during the quarter and their location: Nil
Beneficial percentage interests held in farm-in/farm-out agreements at the end of the quarter: Nil
Beneficial percentage interests held in farm-in/farm-out agreements acquired/disposed of during the quarter: Nil
This announcement is authorised for release by the Board.
For further information contact:
Non-Executive Charman
Lincoln Liu
Competent Persons Statement
The information in this report that relates to Exploration Targets and Exploration Results is based on historical exploration information compiled by Mr Mark Mitchell, who is a Competent Person and a Member of the Australian Institute of Geoscientists. Mr Mitchell is a Non-executive Director of Sultan Resources Limited. Mr Mitchell has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for the reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Mitchell consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Disclaimer
In relying on the above mentioned ASX announcements and pursuant to ASX Listing Rule 5.23.2, the Company confirms that it is not aware of any new information or data that materially affects the information included in the above-mentioned announcements.
About Sultan Resources
Sultan Resources is an Australian focused exploration company with a portfolio of quality assets in emerging discovery terranes. The Company is focused on its highly prospective Lachlan Fold Belt Projects with strong indications of Cu and Au mineralisation and Lake Grace project which forms part of interpreted mobile zone that hosts the recent Julimar Ni-Cu-PGE discovery.
Sultan's board and management are pursuing a systematic exploration strategy across its priority prospects, aiming to unlock gold and base metal discoveries using modern techniques to drive value for shareholders.
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Rule 5.5
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
Name of entity
Sultan Resources Limited
ABN
35 623 652 522
Quarter ended ("current quarter")
31 March 2026
| Consolidated statement of cash flows | Current quarter $A'000 | Year to date (9 months) $A'000 | |
|---|---|---|---|
| 1. | Cash flows from operating activities | ||
| 1.1 | Receipts from customers | - | - |
| 1.2 | Payments for | ||
| (a) exploration & evaluation | (6) | (91) | |
| (b) development | - | - | |
| (c) production | - | - | |
| (d) staff costs | (39) | (215) | |
| (e) administration and corporate costs | (92) | (595) | |
| 1.3 | Dividends received (see note 3) | - | - |
| 1.4 | Interest received | 2 | 3 |
| 1.5 | Interest and other costs of finance paid | - | - |
| 1.6 | Income taxes paid | - | - |
| 1.7 | Government grants and tax incentives | - | - |
| 1.8 | Other | - | 3 |
| 1.9 | Net cash from / (used in) operating activities | (135) | (895) |
| 2. Cash flows from investing activities | |||
| --- | --- | ||
| 2.1 Payments to acquire or for: | |||
| (a) entities | - | ||
| (b) tenements | - | ||
| (c) property, plant and equipment | - | ||
| (d) exploration & evaluation | (6) | ||
| (e) investments | (21) | ||
| (f) other non-current assets |
ASX Listing Rules Appendix 5B (17/07/20)
- See chapter 19 of the ASX Listing Rules for defined terms.
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
| Consolidated statement of cash flows | Current quarter $A'000 | Year to date (9 months) $A'000 | |
|---|---|---|---|
| 2.2 | Proceeds from the disposal of: | ||
| (a) entities | |||
| (b) tenements | |||
| (c) property, plant and equipment | |||
| (d) investments | |||
| (e) other non-current assets | - | ||
| - | |||
| - | |||
| - | |||
| - | - | ||
| - | |||
| - | |||
| - | |||
| - | |||
| 2.3 | Cash flows from loans to other entities | - | - |
| 2.4 | Dividends received (see note 3) | - | - |
| 2.5 | Other | - | - |
| 2.6 | Net cash from / (used in) investing activities | (6) | (21) |
| 3. | Cash flows from financing activities | - | 2,257 |
| 3.1 | Proceeds from issues of equity securities (excluding convertible debt securities) | - | - |
| 3.2 | Proceeds from issue of convertible debt securities | - | - |
| 3.3 | Proceeds from exercise of options | - | (190) |
| 3.4 | Transaction costs related to issues of equity securities or convertible debt securities | - | - |
| 3.5 | Proceeds from borrowings | - | - |
| 3.6 | Repayment of borrowings | - | - |
| 3.7 | Transaction costs related to loans and borrowings | - | - |
| 3.8 | Dividends paid | - | - |
| 3.9 | Other (provide details if material) | - | - |
| 3.10 | Net cash from / (used in) financing activities | - | 2,067 |
| 4. | Net increase / (decrease) in cash and cash equivalents for the period | ||
| 4.1 | Cash and cash equivalents at beginning of period | 1,388 | 2,375 |
| 4.2 | Net cash from / (used in) operating activities (item 1.9 above) | (135) | (895) |
| 4.3 | Net cash from / (used in) investing activities (item 2.6 above) | (6) | (21) |
| 4.4 | Net cash from / (used in) financing activities (item 3.10 above) | - | 2,067 |
ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
| Consolidated statement of cash flows | Current quarter $A'000 | Year to date (9 months) $A'000 | |
|---|---|---|---|
| 4.5 | Effect of movement in exchange rates on cash held | - | - |
| 4.6 | Cash and cash equivalents at end of period | 1,247 | 3,526 |
| 5. | Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts | Current quarter $A'000 | Previous quarter $A'000 |
| --- | --- | --- | --- |
| 5.1 | Bank balances | 1,247 | 1,388 |
| 5.2 | Call deposits | - | - |
| 5.3 | Bank overdrafts | - | - |
| 5.4 | Other (provide details) | - | - |
| 5.5 | Cash and cash equivalents at end of quarter (should equal item 4.6 above) | 1,247 | 1,388 |
| 6. | Payments to related parties of the entity and their associates | Current quarter $A'000 | |
| --- | --- | --- | |
| 6.1 | Aggregate amount of payments to related parties and their associates included in item 1 | (67) | |
| 6.2 | Aggregate amount of payments to related parties and their associates included in item 2 | - | |
| Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments. |
ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
| 7. | Financing facilities
Note: the term “facility” includes all forms of financing arrangements available to the entity.
Add notes as necessary for an understanding of the sources of finance available to the entity. | Total facility amount at quarter end $A'000 | Amount drawn at quarter end $A'000 |
| --- | --- | --- | --- |
| 7.1 | Loan facilities | - | - |
| 7.2 | Credit standby arrangements | - | - |
| 7.3 | Other (please specify) | - | - |
| 7.4 | Total financing facilities | - | - |
| 7.5 | Unused financing facilities available at quarter end | | - |
| 7.6 | Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well. | | |
| | N/A | | |
| 8. | Estimated cash available for future operating activities | $A'000 |
| --- | --- | --- |
| 8.1 | Net cash from / (used in) operating activities (item 1.9) | (135) |
| 8.2 | (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) | (6) |
| 8.3 | Total relevant outgoings (item 8.1 + item 8.2) | (141) |
| 8.4 | Cash and cash equivalents at quarter end (item 4.6) | 1,247 |
| 8.5 | Unused finance facilities available at quarter end (item 7.5) | 0 |
| 8.6 | Total available funding (item 8.4 + item 8.5) | 1,247 |
| 8.7 | Estimated quarters of funding available (item 8.6 divided by item 8.3) | 8.85 |
| 8.8 | Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7. | |
| | If item 8.7 is less than 2 quarters, please provide answers to the following questions:
8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not? | |
| | Answer: N/a | |
| | 8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? | |
| | Answer: N/a | |
| | 8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? | |
| | Answer: N/a | |
| Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered. | | |
ASX Listing Rules Appendix 5B (17/07/20)
- See chapter 19 of the ASX Listing Rules for defined terms.
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
Compliance statement
- This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
- This statement gives a true and fair view of the matters disclosed.
Date: 30 April 2026
Authorised by: The Board of Sultan Resources Limited
(Name of body or officer authorising release – see note 4)
Notes
- This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity's activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.
- If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.
- Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.
- If this report has been authorised for release to the market by your board of directors, you can insert here: "By the board". If it has been authorised for release to the market by a committee of your board of directors, you can insert here: "By the [name of board committee – eg Audit and Risk Committee]". If it has been authorised for release to the market by a disclosure committee, you can insert here: "By the Disclosure Committee".
- If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council's Corporate Governance Principles and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.
ASX Listing Rules Appendix 5B (17/07/20)
- See chapter 19 of the ASX Listing Rules for defined terms.