Sunstone Metals Ltd · ASX:STM
Sunstone Metals — Investor Presentation (October 2017)
34 slides from Sunstone Metals's investor presentation, Oct 24, 2017
Slide 1: Sunstone Metals October 2017
For personal use only ASX:STM October 2017
Slide 2: Disclaimer
DISCLAIMER For personal use only DISCLAIMER FORWARD-LOOKING STATEMENTS To the maximum extent permitted by law, no representation, warranty or This Presentation includes certain statements that may be deemed “forward- undertaking, express or implied, is made and, to the maximum extent permitted looki
Slide 3: Corporate
CORPORATE For personal use only Listed on the Australian Stock Exchange ASX:STM $16M A$2.2M 885.9M ~50% 3.6% MARKET CAPITALISATION CASH SHARES ON ISSUE TOP 10 SHAREHOLDERS BOARD & MANAGEMENT Tightly held As at 30.09.17 - unaudited As at 30.09.17 Hold about half of all Have participated in most At sh
Slide 4: Multi Disciplinary Strong Board
MULTI DISCIPLINARY STRONG BOARD For personal use only GRAHAM ASCOUGH MALCOLM NORRIS DON HYMA STEPHEN STROUD CHAIRMAN CEO & MANAGING DIRECTOR NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR Resources executive. Broad Mining Industry executive with a Mining industry executive with more Corporate finance
Slide 5: Highly Experienced Management Team
HIGHLY EXPERIENCED MANAGEMENT TEAM For personal use only RAY ROBINSON BRUCE ROHRLACH MALCOLM NORRIS GAVIN LEICHT GENERAL MANAGER CEO & MANAGING DIRECTOR CFO & COMPANY SECRETARY GENERAL MANAGER STUDIES &TECHNICAL SERVICES GEOLOGY Geologist and Business Finance professional with Mining engineer with o
Slide 6: A New Investment Opportunity
A NEW INVESTMENT OPPORTUNITY Three projects | Copper and Gold | Discovery and Development For personal use only ECUADOR SWEDEN FINLAND GOLD & COPPER GOLD VISCARIA COPPER S. FINLAND GOLD BRAMADEROS VISCARIA SOUTHERN PROJECT PROJECT FINLAND GOLD PROJECT Bramaderos PFS and permitting Multiple gold cont
Slide 7: Value Growth Through Discovery
VALUE GROWTH THROUGH DISCOVERY For personal use only Sunstone is the only ASX-listed junior providing direct junior company exposure to ‘booming’ Ecuador • Shareholder value growth delivered through discovery, and sustained by delivering a clear pathway to development – secure title, a good operatin
Slide 8: Bramaderos – A World-Class Opportunity
BRAMADEROS – A WORLD-CLASS OPPORTUNITY Matching the teams with the opportunity For personal use only • Binding farm-in agreement with TSXV listed Cornerstone Capital Resources (TSXV:CGP) where Sunstone can earn up to 80% See ASX announcement dated 10th April 2017 • The Sunstone team has previously p
Slide 9: For personal use only
Deposit Legend | ee Porphyry Cu-Au, Au-Cu + High Sulphidation Epithermal Low Sulphidation Epithermal
Slide 10: Bramaderos Geology and Targets
BRAMADEROS Geology and Targets For personal use only • To Date; three strong targets identified (Bramaderos Main, Limon, and West Zone). All will be drilled once permits received • More targets will be defined as exploration advances 10
Slide 11: Bramaderos Main – rock chips and historical geophysics
BRAMADEROS Bramaderos Main – rock chips and historical geophysics For personal use only • Bramaderos Main prospect is the area of the most significant historical exploration, including drilling • Historical exploration was systematic, and simple, but with some key aspects not followed-up • Clear opp
Slide 12: Limon – Soil Geochemistry and Targets
BRAMADEROS Limon – Soil Geochemistry and Targets For personal use only • The Limon target is defined by coincident gold and copper anomalies • Soil sampling has defined two target areas; both with classic porphyry zoning in surface geochemistry; gold-copper core & lead-zinc halo • Outcrops of stockw
Slide 13: West Zone – Trenching
BRAMADEROS West Zone – Trenching For personal use only • West Zone prospect is a gold mineralised epithermal hydrothermal breccia • Historical and recent trenching has defined high grade gold mineralisation • Mineralisation over area of at least 150m x 150m, within a broader soil geochemical anomaly
Slide 14: Excellent access and infrastructure
BRAMADEROS – A WORLD-CLASS OPPORTUNITY Excellent access and infrastructure For personal use only • Area amenable to development • The Project is accessible by vehicle from Catamayo, a 1.5 hour drive on the sealed Pan-American highway which passes through the western portion of the Project • Catamayo
Slide 15: A significant commitment to social and environmental issues
BRAMADEROS – A WORLD-CLASS OPPORTUNITY A significant commitment to social and environmental issues For personal use only • Regular local community meetings and information sessions on current and planned work programs • Early stage environmental base line studies 15
Slide 16: Ecuador – Open for investment, pro-mining Government
ECUADOR Open for investment – pro-mining Government For personal use only EQUITABLE - A GOOD PLACE TO EXPLORE AND DEVELOP • Ecuador has not seen the same level of mineral exploration as its neighbouring countries of Peru, Chile, Argentina and Colombia • Yet it contains some of the most highly prospe
Slide 17: Australian Companies in Ecuador
AUSTRALIAN COMPANIES IN ECUADOR For personal use only Ecuador is booming; very active 2016 exploration and development scene JV proposal over Cascabel rejected by SolGold Sunstone represents the only ASX listed 2017 junior to provide direct exposure to this Acquired exploration concessions with repo
Slide 18: Ecuador – Open for investment timeline
ECUADOR Open for investment – pro-mining Government For personal use only Ecuador has been delivering good progress in enhancing its mining investment framework 2018 • Further positive changes to the tax regime and mining laws are being discussed • Ecuador is voted ‘Country of the Year’, and Cascabe
Slide 19: Ecuador Mining Tax Regime
ECUADOR Mining Tax Regime For personal use only Constitutional requirement for State to receive 50% of ‘project benefit’ Current Income Tax and Royalty Regime • 5% NSR Royalty • 15% Profit Sharing Tax –Based on earnings after depreciation and amortization, 12% state, 3% employee • 22% Corporate Tax
Slide 20: Viscaria Copper Project
VISCARIA COPPER PROJECT Advanced copper project in Sweden For personal use only • High quality copper project • Over 600kt copper resource • PFS stage copper development opportunity in a mining district • Development permitting in progress • Exceptional exploration upside PROJECT KIRUNA PUBLIC ACCES
Slide 21: Viscaria Copper Project – Outstanding Location
VISCARIA COPPER PROJECT Outstanding Location For personal use only A Zone previously mined, other orebodies not Copper Kiruna Viscaria orebodies shown in Mineral Resource orange estimate 52Mt at 1.2% Cu LKAB 18Mt subset of that used in 2016 Scoping Study* *Refer Annual Report released 16 August 2016
Slide 22: Viscaria Copper Project – PFS Stage project
VISCARIA COPPER PROJECT PFS Stage project For personal use only 2015 Scoping Study metrics for Target Case A At US$3/lb copper the Viscaria project is a very attractive investment proposition SEE ASX ANNOUNCEMENTS 18th December 2015 “Viscaria Copper Project Scoping Study” 5th April 2016 “Investor Up
Slide 23: Viscaria Project – D Zone
VISCARIA PROJECT – D ZONE Considerable upside potential laterally to the south and down plunge For personal use only VDD200 VDD196 VDD193 VDD195 D Zone Southern Extension – 0.8km 1 effective drill hole, 1.5% Cu, shallow 23
Slide 24: Viscaria Project – D Zone upside
VISCARIA PROJECT – D ZONE Considerable upside potential laterally to the southwest and down plunge For personal use only VDD 193 (drilled 2015), the VDD 195 was drilled 130m Similarly, strong results from And in 2017, VDD 200 drilled deepest hole in the North below VDD 193, outside the VDD 196, dril
Slide 25: D Zone – Strong evidence for vertical extent
VISCARIA PROJECT – D ZONE Strong evidence to support considerable vertical extent For personal use only • Plate modelling of magnetite host shows good correlation to resource wireframe (yellow) • Resource only defined to -600m at deepest shoot and yet plates continue to beyond -800m • And evidence t
Slide 26: Viscaria Project – Near-Mine Targets
VISCARIA PROJECT – NEAR-MINE TARGETS Several kilometers of target horizon for D Zone analogues For personal use only D ZONE SOUTH • Lies along magnetic strike, 3km southwest of the D Zone deposit • Only a few shallow RC and diamond drill holes completed in Sunstone's early drill campaigns in 2010 an
Slide 27: Southern Finland Gold Project
SOUTHERN FINLAND GOLD PROJECT Highly prospective gold exploration opportunity For personal use only • 2,400km2 held as 100% Exploration Reservations, and a JV with Nortec Minerals where STM holds 51% (earning 80%) • Area supported by infrastructure and can operate all year round • Operating gold min
Slide 28: Southern Finland Gold Project
SOUTHERN FINLAND GOLD PROJECT Highly prospective gold exploration opportunity For personal use only • Initial drilling by Sunstone delivered excellent results from Satulinmäki including visible gold • Satulinmäki drilling includes 23.5m at 3.3g/t from 143m, in SMDD007 • Regional scale belts have bee
Slide 29: Southern Finland Gold Project – Satulinmäki
SOUTHERN FINLAND GOLD PROJECT Highly prospective gold exploration opportunity For personal use only SATULINMÄKI 300m x 300m mineralised area and growing • Considerable vertical extent interpreted from chargeability anomalies • Drilling to date correlates gold zones with conductivity anomalies 29
Slide 30: Planned Work and News Flow
PLANNED WORK AND NEWS FLOW For personal use only ECUADOR SWEDEN FINLAND BRAMADEROS GOLD-COPPER VISCARIA COPPER PROJECT SOUTHERN FINLAND GOLD PROJECT PROJECT • Satulinmäki IP geophysics • Recent drilling on multiple near • Active exploration program; completed – results indicate a mine targets mappin
Slide 31: Viscaria Copper Project Mineral Resource Estimate
VISCARIA COPPER PROJECT Mineral Resource Estimate For personal use only Resource Area Classification Tonnes (Mt) Cu Grade (%) Contained Cu (kt) Measured 14.44 1.7 240.0 Indicated 4.69 1.2 57.2 A Zone Inferred 2.48 1 25.5 Subtotal 21.61 1.5 322.7 Measured 0.12 1.3 1.6 Indicated 4.12 0.7 29.7 B Zone I
Slide 32: Viscaria Project – D Zone
VISCARIA PROJECT – D ZONE Strong evidence to support considerable vertical extent For personal use only 32
Slide 33: Competent Persons Statement
COMPETENT PERSONS STATEMENT For personal use only The information in this report that relates to exploration results and The information in this report that relates to the updated D Zone exploration targets and results is based upon information reviewed Mineral Resource estimate is based on the info
Slide 34: For personal use only
For personal use only CALL 733689: ©) healed METALS EMAIL WEB ASX:STM unstonemetals.com.au
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