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Australian miner Sultan Resources has applied for a 171.2km² copper-gold exploration licence in Central Damara Belt, a district already hosting multi-million-ounce deposits.
Without issuing a single consideration share, Sultan Resources’ Kaalkop Copper-Gold Project move is one of the most capital-disciplined entry points in African gold exploration. Sultan Resources has lodged an exploration licence application (EPL11820) covering 171.2km² of copper-gold ground.
The Kaalkop Project, located approximately 5km south of Kalkfeld and 270km from Windhoek, was applied for without the issue of consideration shares or other equity securities, preserving the company’s existing capital structure.
“The region has evolved into one of Africa’s more active gold and copper exploration addresses, with multi-million-ounce deposits already defined and multiple well-capitalised companies advancing projects across the belt,” said Sultan Resources.
EPL11820 sits within a district that has attracted significant capital from listed explorers and major international gold companies.
