Menu

Australian Shares is the world's biggest free online database of information on Australian resource companies.

Time to Update your company profile
Australian Shares

BALAMARA RESOURCES LTD

ASX: BMB

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Delisted as of 06/05/2015

BMB is an Australian base metals explorer and emerging zinc producer headquartered in Perth, Western Australia. Sultanís primary objective is to deliver long-term shareholder value by rapidly becoming a mid-tier resource company. The company strives to achieve this through the discovery, acquisition and development of new economic mineral deposits. Sultanís current project portfolio contains the:

* MB Project, Montenegro
* Peelwood Project, Australia

Sultanís Board of Directors and management team have extensive global industry experience. They are well qualified and resourced to steer the company to achieve SSCís goals and objectives.

MB Project, Montenegro

The Directors of Sultan Corporation were delighted to announce the granting of a 25 year exploration and mining lease of the Brskovo Lead and Zinc Complex (MB Project) in Montenegro. This project, estimated to be 20 times larger than our existing New South Wales assets, was acquired on extremely favourable terms.

* Estimated 7.7 to 9.6 Million Tonnes of Zn-Pb-Cu-Ag Mineralisation;
* Total Acquisition Cost 120,000 Euro;
* MB Project contains 5 Large Already Defined Deposits;
* Excellent Potential to make New Discoveries;
* Company Tax in Montenegro Set at 9%; and
* Low Sovereign Risk.

Peelwood Project, New South Wales

Sultan Corporation Limited is 100% owner of the seven exploration licences (ELís) located in the Lachlan Fold Belt of eastern New South Wales, Australia.

All tenements except EL7002 form a contiguous package that is located from around 50-80 kilometres (km) south of the City of Bathurst in eastern New South Wales. EL7002 is centered approximately 15km northeast of EL2934.

Sultanís main asset at Peelwood is the Peelwood North deposit (formely known as John Fardy). The Sultan Board approved the decision to Mine the Peelwood North deposit on 20th August, 2009. Sultan will develop an open cut mine with an expected mine life of 5 years.

In addition, the Peelwood Copper-Zinc project has several historical mines and prospects with zinc-rich volcanic-hosed sulphide-style mineralization. Each of these old mines or prospects has the potential for similar style of mineralization to that at Peelwood North deposits.

Mine For

zinc, lead, copper, silver,

Location of operation(s)

Montenegro, New South Wales

Address

Level 1, 350 Hay St
SUBIACO, WA, Australia

Phone

(61 8) 6365 4519

Email

Website


Last Updated

11/7/2012

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.