Sunshine Metals Limited · ASX:SHN
Sunshine Metals — RIU Explorers Conference 2023
21 slides from Sunshine Metals's conference presentation, Feb 16, 2023
Slide 1: Gold-Copper in Queensland
February 2023 RIU Explorers Conference - Fremantle Gold-Copper in Queensland. Damien Keys, Managing Director shngold.com.au ASX:SHN
Slide 2: Clear strategy
Clear strategy 2 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-Zn-Pb Gladstone Triumph Project Brisbane Au 2
Slide 3: Corporate snapshot
Corporate snapshot 3 Share price Market capitalisation $A0.018c A$14.8m 10 February 2023 15 February 2023 52 week high $0.053, low $0.017 Shares on issue Cash 819.7m A$3.0m 10 February 2023 31 December 2022 Unlisted options Debt 65.6m A$0.0m (Ex $0.03) 31 December 2022 Performance Rights Directors’
Slide 4: Sunshine Gold investment case
Sunshine Gold 4 Investment case Breccia hosted IRGS targets Exploration upside Pipeline of Breccia Mineral Hosted IRGS Au Resource Prospects, Ravenswood Emerging Cu-Au-Ag-Mo West Active systems at Ravenswood explorer Initial JORC Au Resource West. Two holes drilled at Polymetallic at Triumph. Wilbur
Slide 5: Strong Leadership
Strong Leadership 5 Extensive experience in the resources sector, including project acquisition, development and operations Damien Keys Alec Pismiris Anthony Torresan Paul Chapman Les Davis Managing Director Non-Exec Chairman Non-Exec Director Non-Exec Director Non-Exec Director CoSec | CFO PhD (Str
Slide 6: North Queensland based technical team
North Queensland based technical team 6 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
Slide 7: Four projects. Tier one potential.
Four projects. Tier one potential. 7 A number of major catalysts ahead. Ravenswood West Triumph Investigator Hodgkinson Project Project Project Project Au-Cu-REE-Mo-Zn-Pb Au Cu Au-W Adjacent to Queensland’s Initial JORC Resource Analogous to Capricorn Highly prospective structural largest gold mine
Slide 8: Ravenswood West Project Cu-Au-Ag-Mo-REEs
SHN 100% 8 SHN/Rockfire JV Townsville Ravenswood West Project Sunshine Gold office Mine Cu-Au-Ag-Mo-REEs 25km N Adjacent to Queensland’s Mt Wright 1 Moz Au largest gold mine Prospective breccia gold corridor Ravenswood Gold Mine 5.6 Moz Resource (EMR & GEAR) Charters Towers Ravenswood 6.5 Moz Au 4 M
Slide 9: Breccia Au Regional
Ravenswood West Project 9 Breccia Au Regional Large-scale, bulk mining opportunities
Slide 10: Wilbur's Hill Prospect
Ravenswood West Project Wilbur’s Hill Prospect Breccia Hosted IRGS Au-Ag • IP-MT anomaly beneath outcropping rhyolite complex • Two diamond holes drilled defined: • 480m interval of >3% pyrite*, including 70m >5% pyrite* (22WHDD001); • 67m interval of >2% pyrite* and a 36m interval of >3% pyrite* (2
Slide 11: Plateau Breccia Prospect
Ravenswood West Project Plateau Breccia Prospect * Subject to completing Earn-In. SHN ASX Release, 20th January 2023, Breccia Hosted IRGS Au-Ag “Consolidation of High-Grade Advanced Au Prospects RW”. • Plateau included in Lighthouse Farm-In/JV with Rockfire Resources * • JORC Inferred Resource 50koz
Slide 12: Bank Porphyry Prospect
Ravenswood West Project Bank Porphyry Prospect Cu-Au-Ag-Mo Porphyry • One of four drill defined porphyries along a 15km belt – Titov, Gagarin, Keans and Bank. • Large-scale potential, with copper on margins of mapped porphyry >3km in circumference. • Porphyry margin only crossed in one RC hole • 102
Slide 13: Titov Prospect
Ravenswood West Project Titov Prospect Cu-Au-Ag-Mo Porphyry Outcropping system defined over 500m strike to 350m depth, average thickness 80m • Positive preliminary metallurgy • HG zones in FW of Titov Main : • 66m @ 0.38% Cu, 0.42% Mo, 3.9 g/t Ag ( 26m, 21TVRC004) • 17m @ 0.65% Cu, 0.17% Mo, 4.0 g/t
Slide 14: Snapshot
Ravenswood West Project 14 Snapshot High Value Metals, Big Systems Breccia-hosted intrusion 15km Cu-Au-Ag-Mo Volcanogenic Massive related Au targets corridor advanced targets Sulphides • Plateau : 50 Koz Au from • Titov : from surface, multiple + • Keans : discrete higher grade • Limited historical
Slide 15: Triumph Project Au 118 Koz @ 2.03 g/t Au
15 Triumph Project Au Rockhampton Gold Mine Mt Morgan Mine 8Moz Au | ASX:CRB Gold occurrence Gladstone Initial JORC Resource Town 118 Koz @ 2.03 g/t Au 25km N Triumph Project • >85% Resource <100m depth Au • $24 /oz (acquisition & discovery cost) • Resource within 16 months of listing Bundaberg • La
Slide 16: Triumph Project Au
Advanced project 16 Drill defined Triumph Project Magnetic Early stage Au reconstruction • Intrusion-related gold system • Typically large systems eg. Ravenswood, (5.6Moz Au), Mt Rawdon (2.5Moz Au) • 6km long Southern Corridor: Southern Corridor Historic workings Coincident low magnetic response
Slide 17: Upcoming news flow
Upcoming news flow 17 May Ravenswood West April Plateau – Cardigan Dam Drill results Ravenswood West March Plateau – Cardigan Dam Porphyry Targets Drill results Bank, Gagarin Drill results February 2023 Ravenswood West Wilbur’s Hill Cardigan Dam – Horse Creek Porphyry Targets Drill commences refined
Slide 18: Four projects. Tier one potential.
Four projects. 18 18 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 0
Slide 19: 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
Slide 20: Cautionary statement
Cautionary statement 20 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 wi
Slide 21: Competent person statement
Competent person statement 21 The information in this report that relates to Exploration Results is based on, and The information in this report that relates to Mineral Resources at Triumph is fairly represents, information compiled by Mr Matt Price, a Competent Person based on information compiled