From the last qrtly Peelwood (base metals, NSW/Australia – 100%)
Sultan continues to work through the EIS (Environmental Impact Study) for the Peelwood Project with a targeted completion by the end of 2011. The Company has engaged a very capable Project Manager for this process and does not expect any major issues; however, it is a process that takes time to address each and every detail. Sultan is aiming to have this project ready for production by early 2012 with a view to ascertaining the best option for plant construction thereafter and, ultimately, mining this asset
SSC Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
