Sunshine Metals Limited · ASX:SHN
Sunshine Metals — Shareholder Meeting (November 2022)
24 slides from Sunshine Metals's shareholder meeting presentation, Nov 12, 2022
Slide 1: Annual General Meeting
November 2022 Annual General Meeting Four projects. Tier 1 potential. Damien Keys, Managing Director shngold.com.au ASX:SHN
Slide 2: Clear strategy
Clear strategy Hodgkinson Project Au-W Sunshine Gold is Investigator Project Cairns focused on high Cu Townsville quality gold and Sunshine Gold office Mount Isa copper projects in Ravenswood West Project Queensland. Au-Cu-REEs-Mo-Ag Gladstone Triumph Project Brisbane Au 2
Slide 3: 2022 Highlights
2022 Highlights Significant achievements from a year full of activity Ravenswood West Project Triumph Project Investigator Project Au-Cu-REEs-Mo-Ag Au Cu Drill defined large Cu-Mo porphyry at Titov Delivered Initial JORC First field mapping completed • 66m @ 2.10% CuEq* from 25m (21TVRC004) Resource
Slide 4: Strong Leadership
Strong Leadership Our team has extensive experience in the mining and resources sector, including project acquisition, development and construction Damien Keys Alec Pismiris Anthony Torresan Paul Chapman Les Davis Managing Director CoSec | CFO Non-Exec Director Non-Exec Director Non-Exec Director Ph
Slide 5: North Queensland based technical team
North Queensland based technical team Small, dedicated, agile team committed to making Queensland’s next discovery Matt Price Exploration Manager MSc, MAIG Matt has extensive experience within Queensland having explored the Mt Isa and Charters Towers provinces for copper, gold, lead-zinc, uranium an
Slide 6: Four projects. Tier one potential.
Four projects. Tier one potential. A number of major catalysts ahead. Triumph Ravenswood West Investigator Hodgkinson Project Project Project Project Au Au-Cu-REEs-Mo-Ag Cu Au-W Initial JORC Resource Adjacent to Queensland’s Analogous to Capricorn Highly prospective structural 118koz @ 2.0g/t Au lar
Slide 7: Triumph Project Au 118 Koz @ 2.03 g/t Au
Triumph Project Au Rockhampton Gold Mine Mt Morgan Mine 8Moz Au | ASX:CRB Gold occurrence Gladstone Town JORC Resource 118 Koz @ 2.03 g/t Au 25km N Triumph Project • >85% Resource <100m depth Au • $24.22 /oz (acquisition & discovery cost) Bundaberg • Resource within 16 months of listing Cracow Mine
Slide 8: Triumph Project Au
Advanced project Drill defined Triumph Project Magnetic Early stage Au reconstruction • Intrusion-related gold system • Typically large systems eg. Mt Rawdon (2.8 Moz Au) • 6km long Southern Corridor: Southern Corridor Historic workings Coincident low magnetic response Drill tested ~1.2km to d
Slide 9: Ravenswood West Project Cu-Au-Ag-Mo-REEs
Townsville Sunshine Gold office Ravenswood West Project Cu-Au-Ag-Mo-REEs Mine Gold occurrence Town Adjacent to Queensland’s Mt Wright 1 Moz Au largest gold mine Prospective breccia gold corridor 25km N Ravenswood Gold Mine 5.6 Moz Resource (EMR & GEAR) Charters Towers Ravenswood 6.5 Moz Au 4 Moz Au
Slide 10: Ravenswood West Project
Titov Cu-Au-Ag-Mo Ravenswood West Project Six targets within 15km Cu-Au-Ag-Mo corridor Mt Wright 1 Moz Au Wilburs Hill Au 15km Cu-Au-Ag-Mo corridor Six targets within 15km Gagarin Cu-Au-Ag-Mo Keans Cu-Au-Ag-Mo Cu-Au-Ag-Mo corridor Bank Ravenswood Cu-Au-Ag-Mo 5.6 Moz Au • Corridor along a major regio
Slide 11: Titov Prospect
Ravenswood West Project Titov Prospect Cu-Au-Ag-Mo Outcropping system defined over 500m strike to 350m depth, average thickness 80m • Positive preliminary metallurgy • Second zone of mineralisation at Titov South • New target from Wilbur’s Hill IP-MT survey for follow up 2023 11 11
Slide 12: Bank Prospect
Ravenswood West Project Bank Prospect Cu-Au-Ag-Mo • Five RC holes drilled (716m) • Two holes targeted 1970 IP anomaly • Three holes targeted significant Cu soil anomalism 22BKRC004 – 11m @ 0.22% recoverable CuEq (to end of hole) 22BKRC005 – 70m @ 0.22% recoverable CuEq (to end of hole) • Au soil
Slide 13: Gagarin Prospect
Ravenswood West Project IP and historic drilling Gagarin Prospect Cu-Au-Ag-Mo High-grade rock chip samples from fault zones • Last drilled in 1999 Average hole depth 43m • No drilling intersects an IP chargeable anomaly • Best rock chip result: 26.8% Cu, 21.2g/t Ag, 4170ppm Mo and 1.19g/t Au (GAG002
Slide 14: Breccia Au Regional
Ravenswood West Project Breccia Au Regional 14 14
Slide 15: Wilburs Hill Prospect
Ravenswood West Project Wilburs Hill Prospect Au-Ag Pyrite-chalcopyrite-marcasite and magnetite in sheared granodiorite Analogue: Mt Leyshon Mine (3.5Moz) Mt Wright Mine (1Moz) Polymictic breccia with pyrite Common features: Topographic high Magnetic reversal anomaly Sulphidic breccias Rhyolit
Slide 16: Wilburs Hill Prospect
Ravenswood West Project Wilburs Hill Prospect Au-Ag 16 16
Slide 17: Elphinstone Creek Prospect
Ravenswood West Project Elphinstone Creek Prospect REEs 17 • Anomalous REEs and Au in stream samples • Barrabas Adamellite source of REEs • Sampling the 27km2 intrusion complete • Up to 2.28% TREO in stream sed sampling • Up to 1,715ppm TREO in soil sampling • Awarded $38k CEI Grant - soils assay co
Slide 18: Investigator Project Cu
Investigator Project Cu Mine Lady Loretta Mine Mineral deposit/ Zn Pb Ag occurrence Analogous to Capricorn Capricorn Mine Cu Copper Mine 12km north Lady Annie Mine 40km N 61Mt @ 1.8% Cu Cu Dugald River Mine Zn Pb Ag • 29Metals tenement 9km to the north 72.9m @ 2.9%Cu (ASX: 1 August 2022) Investigato
Slide 19: Hodgkinson Project Au-W
Hodgkinson Project Au-W Mine Mine Gold Watershed occurrence W Gold occurrence Town Highly prospective structural Town environment along three major 25km 15km N N Mt Carbine Mine regional shears W • 5,500-line km airborne magnetic survey flown Port Douglas November 2020 • Cu-Co-Au gossan Rock chips:
Slide 20: Upcoming news flow
Upcoming news flow February 2023 Triumph January 2023 Resource drilling ongoing Resource drilling results Ravenswood West December Wilburs Hill Prospect Diamond drilling results Investigator Ravenswood West EM & magnetic surveys November Elphinstone Creek Prospect Wilburs Hill Prospect Aircore rare
Slide 21: Corporate snapshot
Corporate snapshot Share price Market capitalisation Share price performance 30 September 2022 $A0.023c A$18.6m 10 November 2022 10 November 2022 52 week high $0.053, low $0.019 $A 0.06 Shares on issue Cash 809.9m A$3.3m 0.05 30 September 2022 30 September 2022 0.04 Debt Unlisted options A$0.0m 68.3
Slide 22: Four projects. Tier one potential.
Four projects. Tier one potential. Hodkinson Project Au-W 01 Highly prospective projects in under Cairns explored Tier 1 jurisdiction. Investigator Project Cu Townsville 02 Sunshine Gold office Experienced, successful management Mount Isa team, North Queensland based. Ravenswood West Project 03 Au-C
Slide 23: Cautionary statement
Cautionary statement This presentation includes forward-looking statements. When used in this All persons should consider seeking appropriate professional advice in document, the words such as "could", "plan", "estimate", "expect", "intend", reviewing the presentation and all other information with
Slide 24: Contact us
Contact us 1 / 23 Mackley St, Garbutt, QLD, 4814 +61 8 6245 9828 admin@shngold.com.au www.shngold.com.au LinkedIn www.linkedin.com/company/70551686 Facebook Sunshine Gold Ltd Twitter #SunshineGold20 ASX SHN
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