Sunstone Metals Ltd · ASX:STM
Sunstone Metals — Investor Presentation (April 2024)
23 slides from Sunstone Metals's investor presentation, Apr 16, 2024
Slide 1: Investor Presentation
Investor Presentation STM 16 April 2024
Slide 2: Disclaimer
Disclaimer DISCLAIMER FORWARD-LOOKING STATEMENTS To the maximum extent permitted by law, no representation, warranty or This Presentation includes certain statements that may be deemed undertaking, express or implied, is made and, to the maximum extent “forward-looking statements”. All statements in
Slide 3: Sunstone Metals Overview
Sunstone Metals Overview Sunstone is an Ecuador focussed, gold-copper explorer and discoverer ASX STM Market Capitalisation 1 A$53 mill Cash and Equities 2 ~A$4.9 mill MRE – Brama-Alba Porphyries 2.7Moz AuEq3 Exploration Targets – Bramaderos 4.2-10.3 Moz AuEq3 Porph+Epithermals Shares on Issue 3,501
Slide 4: Two world-class gold-copper-silver systems
Two world-class gold-copper-silver systems 1. Bramaderos 2. El Palmar and Verde Chico (southern Ecuador) (northern Ecuador) Planned staged discovery and development Two complimentary opportunities exist ➢ Line of sight to 10Moz gold equivalent (gold-copper- 1. Near surface high-grade gold-silver at
Slide 5: Leadership transition enhances LT capability
Leadership transition enhances LT capability ➢ Experienced resources executive appointed MD and CEO, effective 15 April 2024 ➢ Existing MD Malcolm Norris now Executive Director – Exploration, focussed on growing discoveries Patrick Duffy Neal O’Connor Sunstone Board of Managing Director and CEO Non-
Slide 6: Ecuador – mining is a significant gov't priority
Ecuador – mining is a significant gov’t priority Pro-responsible mining government • Forms part of the worlds most endowed copper gold belt • Pro-mining President Daniel Noboa recently presented at PDAC in Toronto and strongly reinforced priority for mining and foreign investment in Ecuador • Securi
Slide 7: 1.Bramaderos, Southern Ecuador
1.Bramaderos, Southern Ecuador Office and drill core processing facility Limon Brama-Alba ➢ 4,984 ha concessions At ~900m asl ➢ Adjacent to the Pan American Highway ➢ The project is supported by excellent infrastructure (hydroelectric power, regional airport nearby) ➢ 93% of Ecuador’s power is gener
Slide 8: 1.Bramaderos – targeting 10Moz opportunity
1.Bramaderos – targeting 10Moz opportunity LIMON - gold-silver epithermal and porphyries Epithermal gold and silver (2023 discovery) Exploration Target 0.9 – 1.7 mill oz AuEq, at 0.9- 1.2g/t AuEq*1 from surface Porphyry gold-copper-silver 97.6m at 0.71g/t gold and 0.23% copper in trench 79m at 0.52g
Slide 9: 1.Brama-Alba + Limon – mineralisation from surface
1.Brama-Alba + Limon – mineralisation from surface • Brama-Alba targets – MRE Brama-Alba undertaken by Tier 1 consultants 1.6 km CSA (pit constrained, reasonable Limon; just behind hill prospects) Alba • 1.6km long mineralised system – so far Brama • Outcropping gold-copper-silver • Development woul
Slide 10: 1.1 Limon – gold-silver epithermal
1.1 Limon – gold-silver epithermal Very significant discovery; delivers the higher-grade front end for a larger multi- decade development at Bramaderos • Large search space for epithermal gold- Hills in background silver-base metal mineralisation • Evidence of epithermal veins to depths exceeding 60
Slide 11: 1.1 Limon – gold-silver epithermal
1.1 Limon – gold-silver epithermal Hills in background 11
Slide 12: 1.Bramaderos – gold-copper-silver camp
1.Bramaderos – gold-copper-silver camp Aiming to deliver 10 million ounce gold equivalent camp 1. Current Brama-Alba Porphyry MRE Possible staged development scenario ✓ 2.7Moz AuEq –gold-copper-silver emerging with initial development of Limon 2. Current Porphyry Exploration Target 1. Higher grade s
Slide 13: 2.El Palmar, northern Ecuador
2.El Palmar, northern Ecuador • Same belt as the 2.7Bt Alpala copper-gold porphyry deposit (0.53% CuEq) at Cascabel, the 0.53Bt Tandayama-America copper-gold porphyry deposit (0.36% CuEq) at Cascabel, and the 1Bt Llurimagua copper-moly porphyry deposit (1.0% CuEq) • Immediately west of the recently
Slide 14: 2.El Palmar - porphyry gold-copper centres
2.El Palmar - 5 porphyry gold-copper centres • Mineralisation from surface at T1, T2, and T5 • Mineralisation at depth at T3 and T4 • 2.3km long cluster of porphyry targets identified to date; T1 to T5 • Results from holes EPDD026 and 028 in T3 are extremely significant – first holes into a large ta
Slide 15: 2.El Palmar - multiple large targets
2.El Palmar - multiple large targets • T1; 800m long (in NW-SE orientation) already an orebody in its own right • T1; 21 drill holes completed, gold-copper from surface to 500m below surface, intersections include 160m at 0.7g/t gold and 0.2% copper from 52m (LMDD001) • T3; EPDD026 and 028 intersect
Slide 16: 2.El Palmar – locally strong grades
2.El Palmar – locally strong grades EPDD026 Targets T1 to T5 could all be related and have geometries that relate to their position on or adjacent to the Toachi fault Porphyries have very large vertical extent – can be > 1,000m EPDD026 and 028 grades suggest the T3 system can deliver very high grade
Slide 17: 2.El Palmar – Verde Chico
2.El Palmar – Verde Chico • Exploration at Verde Chico has xxx commenced with initial follow- up to the known high-grade gold mineralisation • Potential to define both porphyry copper-gold and epithermal gold opportunities • Historical exploration form the 1990’s includes • Perdida vein - 6.5m @ 25.
Slide 18: ESG considered across the business
ESG considered across the business Sunstone appreciates the strong community support that it has at its projects and takes its environmental, social and governance issues very seriously. It is committed to advance its social performance in the areas where we work Inaugural Sustainability Report Rele
Slide 19: What's ahead
What’s ahead ✓ Bramaderos • Limon gold-silver epithermal discovery has fundamentally changed Bramaderos ➢ Preparation for Limon MRE, and Limon + porphyry Scoping Studies ➢ Ongoing low-cost trenching leading to drilling resuming at Limon • Deliver additional discoveries at Melonal, Melonal SE, Limon
Slide 20: Competent Persons Statement
Competent Persons Statement Competent Persons Statement The information in this report that relates to Mineral Resources is based on information compiled by Mr Aaron Meakin. Mr Aaron Meakin is a full-time employee of CSA Global Pty Ltd and is a Member and Chartered Professional of the Australasian I
Slide 21: About Sunstone Metals
About Sunstone Metals Sunstone has an advanced portfolio of exploration projects in Ecuador. The portfolio comprises: •The Bramaderos Gold-Copper Project where Sunstone owns an 87.5% interest, and SolGold Canada, Inc. (formerly Cornerstone Capital Resources) a subsidiary of SolGold, holding 12.5% (l
Slide 22: Ecuador
Ecuador Capital Quito Population 18,320,382 (2024) Form Of Government Multiparty republic with one legislative house (National Assembly) Official Language Spanish Total Area (Sq Km) 256,700 Length 650km (~Sydney to Cobar, or ~Perth to Kalgoorlie) Monetary Unit US $ Density: Persons Per Sq Km 71.4 Ur
Slide 23: CALL EMAIL WEB
CALL EMAIL WEB ASX:STM +61 7 3368 9888 info@sunstonemetals.com.au sunstonemetals.com.au