Agreement to Acquire Large Phosphate Deposit
Posted on 02/02/2009
The Board of Sultan Corporation Limited (“Sultan” or “Company”) is pleased to announce that the Company has entered into an agreement to acquire the Chamaguel Phosphate Project (“the Project”) located in Mali, West Africa.
The Project has been known since 1935 and recent work undertaken by PDRM Geological Consultants, consisting of surface mapping and grid sampling, identified a large phosphate deposit. Work completed to date plus confirmation and extension sampling to be undertaken by Sultan should allow an initial JORC Compliant Resource estimate to be completed in the second half of 2009.
090127 Sultan Acquires Chamaguel 002 (293 KB)
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