Sulliden Mining Capital Inc. has acquired a 5.2 % indirect stake in a nickel, zinc, and lead mining exploration project in Poland. This acquisition was made through the purchase of 10 % of the issued and outstanding shares of Sustainable Royalty Corp., a private company, from Mr. Stan Bharti, the former director and CEO of Sulliden Mining Capital Inc. The Project includes the Szklary and Dabrowka concessions.
Sulliden Mining Capital Inc. acquired a 10 % equity interest in a Polish mining project by purchasing one million common shares of the Target, under a share purchase agreement dated April 3, 2025. The transaction involved Mr. Stan Bharti retaining a 63 % stake in the Target. The Polish company, Ferrite Resources Polska sp. Z.o.o., which controls the Szklary and Dabrowka concessions, is 52 % owned by the Target.
In exchange, Sulliden paid C$100,000 and committed to investing an additional 250,000 euros into the project within six months of closing. The acquisition was conducted as an arm’s-length transaction under the Toronto Stock Exchange’s rules, with no change in control of Sulliden, and no finder’s fees were involved.
About fifty kilometers south of Wroclaw, Poland, is the nickel laterite deposit known as Szklary. With the Ni-laterite exposed in the first 20 meters below the surface, the deposit forms a remarkably elongated ridge running from north to south. Historical data reports 28,000 tonnes (3.5 Mt @ 0.79 % Ni) of production.
A technical report compliant with NI 43-101 standards was previously prepared for the central area of the property, which includes 2,500 drill holes from the Soviet era (Redstone Exploration Service, February 2022). To confirm the historical inferred mineral resource, the company plans to drill an additional 30 holes due to the absence of drillcore.
The Company plans to conduct continued exploration at the Szklary nickel laterite deposit, with a focus on examining the potential deep-sulphide deposit that remains uncharted. Szklary has a JORC-compliant historical inferred mineral resource of 32.9 million tonnes (Mt) at 0.70 % Ni, as reported by Northern Mining Ltd. in July 2008.
The Dabrowka site, located 25 kilometers north of Katowice, Poland, has an already mined-out shaft but requires the development of a modest decline shaft to a maximum depth of 80 meters. The Company expects minimal initial development for the project. The historical non-compliant inferred mineral resource for Dabrowka, as assessed by M. O’Brien in February 2024, includes:
- Zinc – 22.4 Mt @ 2.8 % = 634,940 tonnes
- Lead – 22.4 Mt @ 0.7 % = 154,000 tonnes
To support the historical exploration, the company plans to drill an additional 27 holes.
Upside Benefits of the Project:
- Two smelters are located less than 20 km from the project and are accessible by rail.
- The project employs room and pillar mining methods, with a decline setup.
- Magnetic separation of ore is a proven technology currently utilized in various mines.
- There is a prospective second Zn-Pb deposit located about 80-100 meters from the primary deposit, at a depth of 40-50 meters.
We are pleased to announce our strategic investment in a Polish mining asset, reinforcing our commitment to expanding our portfolio in key resource sectors.
Fred Leigh, Chief Executive Officer, Sulliden Mining Capital Inc.
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