Welcome to Sula Iron and Gold plc
Sula Iron & Gold plc is a gold focused exploration company in West Africa. The Company’s main objective is to explore and advance its 153km2 Ferensola Project in Northern Sierra Leone. In June 2015, the Company defined a JORC Exploration Target on its Ferensola Gold Project. The Exploration Target centres on Sanama Hill, with a tonnage range of between 5 and 7 million tonnes (“Mt”), grading at between 4 and 8 g/t Au, which equates to between 0.8 and 1.5 million ounces (“Moz”) Au. The Exploration Target was restricted to a 2km strike length segment of the regional fold belt that is believed to extend for over 10km. Two subsequent drilling campaigns have focused on the gold potential and are detailed on this website
The Ferensola License also hosts iron ore and coltan. While the focus for Sula remains on the gold, previous work undertaken has resulted in December 2014 Sula declaring a total oxidised resource of 55.5Mt at 45.39% Fe with a total resource of 514.5Mt Fe at 31.8% Fe. In addition to the above, SRK have identified an exploration target comprising an additional 100Mt to 250Mt, with a grade range of between 20% Fe and 35% Fe that lies below the optimised pit shell and have recommended a short drill programme of 6 holes at an average of 150m depth per hole which has the potential to add to resource accordingly. Sula’s iron ore resource is contiguous with the Tonkolili iron ore mine owned and operated by Shandong Iron and Steel Group.