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How Sultan Resources’ $1M Raise Could Unlock Namibia’s Gold Potential
9:33am on Monday 13th of October, 2025 AEDT
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How Sultan Resources’ $1M Raise Could Unlock Namibia’s Gold Potential
9:33am on Monday 13th of October, 2025 AEDT
Key Points
Raised $1 million via placement at 13.2% premium to 15-day VWAP
Funds to support acquisition of Damara Gold Project, Narndee Nickel-PGE, and Niobe Rubidium deposit
Placement backed by new and existing sophisticated investors
Exploration to commence on high-potential Damara Gold Belt in Namibia
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