Core Viewpoint - Sulliden Mining Capital Inc. has acquired a 5.2% interest in a nickel, zinc, and lead mining exploration project in Poland through the purchase of shares in Sustainable Royalty Corp, reinforcing its commitment to expanding its resource portfolio [1][2]. Acquisition Details - The acquisition involved Sulliden purchasing 10% of the issued shares of Sustainable Royalty Corp for C$100,000, with an additional commitment of 250,000 euros for project development [2]. - Mr. Stan Bharti, the vendor, retains a 63% interest in the Target company [2]. - The acquisition was conducted at arm's length and did not result in a change of control for Sulliden [2]. Project Overview - The project includes the Szklary and Dabrowka concessions, with Szklary being a nickel laterite deposit located approximately 50 km south of Wroclaw, Poland, and Dabrowka located 25 km north of Katowice [3][4]. - Szklary has a historical inferred mineral resource of 32.9 million tonnes at 0.70% nickel, while Dabrowka has an estimated in-situ JORC-compliant resource of 22.4 million tonnes at 2.8% zinc and 22.4 million tonnes at 0.7% lead [3][4]. Exploration Plans - The company plans to drill an additional 30 holes at Szklary to confirm historical resources and 27 holes at Dabrowka to complement previous exploration [3][4]. - Ongoing exploration is expected to investigate unexplored sulphide deposits at depth in Szklary [3]. Strategic Importance - The project benefits from proximity to two smelters located less than 20 km away, accessible via rail, and utilizes proven mining methods [5]. - The company aims to enhance its portfolio in key resource sectors through this strategic investment [7]. Stock Options - Sulliden has granted 3,175,000 stock options to directors, officers, and consultants, which may be exercised at a price of $0.05 per option for four years [8].
Sulliden Acquires Portion of Nickel, Zinc, and Lead Mining Exploration Project in Poland