Sultan Resources (SLZ) Q3 2025 TU earnings summary

Executive summary

• Focused on gold, nickel-cobalt, and lithium exploration in Western Australia and Ontario, Canada, with ongoing project reviews and fieldwork planning.

• Corporate restructuring included new board appointments and director resignations post-quarter end.

Financial highlights

• Cash position at 31 March 2025 was approximately $218,000.

• Exploration and evaluation expenditure for the quarter was ~$85,000.

• Net cash outflow from operating activities was $33,000 for the quarter.

• Net cash outflow from investing activities was $85,000 for the quarter.

• Estimated quarters of funding available is 1.85, with plans to raise additional capital if needed.

Outlook and guidance

• Drilling at the Khal Nickel-Cobalt Project delayed due to weak nickel sentiment; EIS co-funding application planned for 2026 drilling.

• Fieldwork at Canadian lithium projects to resume post-winter, pending First Nation engagement and caribou nursery season.

• Continues to review new acquisition or JV opportunities to enhance shareholder value.