Australia's Sultan Resources rises on exploration licence application in Namibia
18/09/2026 05:20
BUZZ-Australia's Sultan Resources rises on exploration licence application in Namibia ** Shares of Australia's Sultan Resources SLZ.AX rise as much as 62.5% to A$0.013, marking their biggest intraday pct gain since March 6, 2024
** Stock hits its highest level since April 13
** Copper-gold explorer applies for exploration licence covering 171.2 sq km of prospective copper and gold ground in Namibia
** Copper remains a key target for miners amid expected demand growth from renewable energy projects and data centres
** Co says project offers significant copper and gold exploration potential in an established mineral province
** Stock up 11% YTD, broadly flat for week
($1 = 1.4051 Australian dollars)
(Reporting by Paridhi Minda in Bengaluru)
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