Sultan 30 June 2008 Audited Financials

Posted on 19/09/2008

DIRECTORS' REPORT - 20 June 2008

Your directors submit their report on the cosolidated entity (the "Group) for the year ended 20 June 2008.

There are no consolidated comparatives for 2007 because the consolidated entity was formed on 10 July 2007 when it acquired 100% of Isabella Minerals Pty Ltd, the holder of zinc-copper tenements in New South Wales.

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