So what's on the Menu for August -- Appointment of experienced...

So what's on the Menu for August -

- Appointment of experienced mining executive Mike Ralston as Managing Director effective 01 August 2011.

Must have something happening soon? Recruiting top guns !


- The current MD, Derek Lenartowicz, will move to the role of Executive Chairman with a focus on bringing new projects to the Company and developing them.

New project ? - Togo/Other projects.

- Other executive managers may be added as required when the Company secures additional resource projects in the months ahead.

Looking to be busy in next few months ?


- Sultan is expecting to receive the results of this drilling programme in late August.

Initial work indicates that Elsienora has the potential for McPhillamy?s-style gold and base-metal mineralization.

Hopely plently of Gold and copper here !!!


-Several resource opportunities the Company is reviewing.

Must be other projects as well as Togo ?


-Sultan had $ 5.7million in cash at bank at the end of the Quarter.The proceeds will be used for ongoing working capital relating to all of the Company?s projects and ongoing business development to secure new projects.

No Money issues for now .


- Incentive Scheme , This Scheme will be considered by shareholders at a General Meeting to be held on 26 August 2011.

suitable programme in place whereby quality directors and managers are attracted to join Sultan giving the Company access to their expertise to create value for all shareholders.

Lets see what they can produce by end of Month?

So busy busy starting tommorow ...........