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SULTAN RESOURCES ASX ANNOUNCEMENT 29 April 2021 MARCH QUARTERLY REPORT For the period 1st January 31st March 2021 Sultan Resources ACN : 623 652 522 CORPORATE DETAILS ASX Code : SLZ DIRECTORS STEVE GROVES MANAGING DIRECTOR JEREMY KING CHAIRMAN DAVID LEES NON - EXECUTIVE DIRECTOR CONTACT Suite 2 , Level 1 , 1 Altona Street West Perth WA 6005 www.sultanresources.com.au Sultan Resources Limited ( " SLZ " or " the Company " ) is pleased to provide shareholders with the following update for the Company's activities for the quarter ended 31st March 2021 . LACHLAN FOLD BELT PROJECT During the quarter Sultan continued exploration across its suite of highly attractive porphyry and epithermal exploration targets in the Macquarie Arc volcanic rocks of the Lachlan Fold Belt , NSW . The program is the continuation of the 2020 campaign , with drill testing and geophysical surveys ongoing across the Company's highly prospective suite of Macquarie Arc porphyry and epithermal gold targets . Big Hill Induced Polarisation Survey As announced on 14 January 2021 , Fender Geophysics had mobilised the crew to continue with the IP program at the Big Hill and Gowans Green targets . Big Hill and Gowan's Green are located in EL8735 and present as exceptional porphyry and skarn Au- Cu targets . The IP survey comprised four N - S lines each of 4.6km in length . The program was designed to locate deep drill targets indicative of potential porphyry mineralisation and guide the planning of drill holes to be undertaken during the 1st half of 2021 . Tucklan Drilling - On 11 February 2021 it was announced that SLZ had completed the first phase of its maiden drill program at its 100 % owned Tucklan Gold project in the east Lachlan Fold Belt , NSW . Core from the initial phase had been logged , and intervals for assay analysis had been dispatched . The initial phase of the maiden drill programme at Tucklan comprised 6 RC percussion holes , including two with diamond drilling tails , for a total of 1,544.3m ( Figure 1 and 2 ) . Three holes reached their target depth of ~ 350m and three holes did not reach planned depth due to excessive ground water . The basement geology at Tucklan has been interpretated as Ordovician Tucklan Formation and Silurian Dungeree Volcanics of the Rockley - Gulgong Volcanic Belt , within the Macquarie Arc . The host rocks are considered to have potential to contain multiple styles of mineralisation including porphyry Cu - Au , epithermal Au and McPhillamy's - style bulk tonnage Au .