Sunshine Metals Limited · ASX:SHN
Sunshine Metals — RIU Resources Round-up (May 2024)
21 slides from Sunshine Metals's conference presentation, May 7, 2024
Slide 1: RIU Resources Round-up: Queensland projects. Big system potential.
RIU Resources Round-up Queensland projects. For personal use only Big system potential. Damien Keys Managing Director shnmetals.com.au ASX:SHN
Slide 2: Cautionary statement
Cautionary statement This presentation includes forward-looking statements. When used in this document, the words such as "could", "plan", "estimate", "expect", The information in this report that relates to Exploration Results is based on, and fairly represents, information compiled by Mr Matt Pric
Slide 3: Corporate Snapshot
Corporate Snapshot Share price Market capitalisation Shares on issue Cash Unlisted options Directors’ Investment For personal use only $0.015 $23.8m 1,588m $4.0m 351.7m $3.4m 6 May 2024 6 May 2024 6 May 2024 As at 31 March 2024 52 week high $0.039, low $0.009 (~$0.6m on shareholder approval 8 May 20
Slide 4: Queensland projects. Big system potential.
Queensland projects. Big system potential. 01 Large, high-grade resource with significant For personal use only low-risk growth potential 02 Experienced, successful management team, North Queensland based 03 Highly active explorer - 45km of drilling to date, delivered encouraging results 04 Big-syst
Slide 5: Strong Leadership
Strong Leadership Extensive experience in the resources sector, including project acquisition, development and operations For personal use only Damien Keys Alec Pismiris Anthony Torresan Paul Chapman Les Davis Matt Price Managing Director Non-Exec Chairman Non-Exec Director Non-Exec Director Non-Exe
Slide 6: Ravenswood Consolidated: Location and Infrastructure
Ravenswood Consolidated Location and Infrastructure Large holding in prospective For personal use only district that’s produced: 20Moz 14Mt Au Cu-Zn-Au-Pb Townsville facilities: • SHN head office • Cu and Zn refineries • Concentrate export port • $75M critical metals common user facility Through pro
Slide 7: Ravenswood Consolidated: Building a district presence
Ravenswood Consolidated Building a district presence 5.45 mt @ 12.0% ZnEq Resource For personal use only Comprised 6.6% Zn, 1.1 g/t Au, 1.0% Cu From Liontown, Liontown East, Waterloo & Orient VMS systems 5-8 Mt Expl. Target (top 100m) @ 0.28-0.44% Cu Titov Porphyry & 0.08-0.14% Mo Ermine Au-Cu-Zn 50
Slide 8: Emerging ASX Base Metals Player
Emerging ASX Base Metals Player 5.45Mt @ 12.0% ZnEq Resource For personal use only Liontown 63% Indicated * Recoverable metal equivalent calculated • Met testwork indicates recoveries of: Copper 80%, Lead 70%, Zinc 88%, Gold 65%, Silver 65% • New price assumptions: Copper US$3.80 / lb, Lead US$0.90
Slide 9: A year of progress
A year of progress 12 months since the acquisition of Greater Liontown in May 2023. 01 6,000m of diamond processed Results include: For personal use only • 8.1m @ 10.7g/t Au (152m, LTDD22055) 02 Generated new geology model for Au-Cu rich zones in Liontown FW • 3.9m @ 8.3% Cu (99m, LTDD22074) • 8.5m
Slide 10: A year of progress
A year of progress 12 months since the acquisition of Greater Liontown in May 2023. 01 6,000m of diamond processed For personal use only 02 Generated new geology model for Au-Cu rich zones in Liontown FW 03 Completed three RC programs at Liontown testing model 04 Completed Resource Update incorporat
Slide 11: A year of progress
A year of progress 12 months since the acquisition of Greater Liontown in May 2023. 01 6,000m of diamond processed For personal use only 02 Generated new geology model for Au-Cu rich zones in Liontown FW 03 Completed three RC programs at Liontown testing model 04 Completed Resource Update incorporat
Slide 12: A year of progress
A year of progress 12 months since the acquisition of Greater Liontown in May 2023. 01 6,000m of diamond processed For personal use only • 63% Indicated Resource (up from 32%) • VMS inventory up to 190koz Au, 52kt Cu metal 02 Generated new geology model for Au-Cu rich • 21% (500kt) increase in tonne
Slide 13: A year of progress
A year of progress 12 months since the acquisition of Greater Liontown in May 2023. 01 6,000m of diamond processed For personal use only • Mapping, sampling 1.9g/t Au, 27g/t Ag in barite vein (below) • Drilled 1 hole into 400m long mapped barite vein, grading: 8.0m @ 1.3g/t Au (10m, 23CORC004) 02 Ge
Slide 14: Formation of VMS systems
Formation of VMS systems Metal distributions and thermal gradients Formation Volcanic vents on the seafloor For personal use only • • Au-Cu precipitate out at higher temperatures (near to feeder stocks/faults) • Zn-Pb-Ag precipitate out at lower temperatures (seafloor and distal to feeder stocks and
Slide 15: Liontown Polymetallic VMS
Liontown Polymetallic VMS Au-Cu footwall, Zn-Pb-Ag contact lode S N Au-Cu footwall Zn-Pb-Ag contact For personal use only Carrington, Gap Zone Contact Lode, New Queen • Pb-Zn-Ag rich lode on contact of sediments and volcanics • Au-Cu rich lodes in footwall of contact • ~50m standoff distance between
Slide 16: Exceptional Gold-Copper Liontown Footwall
Exceptional Gold-Copper Liontown Footwall High-grade Au adjacent For personal use only Main Zone Feeder Fault 20m @ 18.2g/t Au 17m @ 22.1g/t Au (114m, 24LTRC005) (67m, 23LTRC002) • Currently ~260m x ~140m in dimension • Drilling recommenced Monday 11 March 2024 – 9 holes, ~2,800m • Drilling extends
Slide 17: Liontown Gold-Copper Footwall
Liontown Gold-Copper Footwall 1.6km strike length with high-grade Au-Cu shoots For personal use only Queensland projects. Big system potential. ASX SHN | 17
Slide 18: Exciting 2024 and beyond
Exciting 2024 and beyond. The year ahead at Ravenswood Consolidated. 01 Continue to target east-plunging extensions to For personal use only high-grade Au-Cu Liontown Feeder & Gap • 17 of 18 planned holes drilled – awaiting assays 02 Drill testing of Highway-Reward Cu-Au analogues at Coronation, Tru
Slide 19: Gold: the forgotten commodity
Gold: the forgotten commodity 60 years of base metal exploration in Mt Windsor Volcanics For personal use only • Gold exploration in Mt Windsor Volcanics largely base metal only • District produced 20 Moz Au • Esso Australia most active explorer in 70s and 80s Ermine Au-Cu-Zn • Esso collected: ~26,5
Slide 20: Queensland projects. Big system potential.
Queensland projects. Big system potential. 01 Large, high-grade resource with significant For personal use only low-risk growth potential 02 Experienced, successful management team, North Queensland based 03 Highly active explorer - 45km of drilling to date, delivered encouraging results 04 Big-syst
Slide 21: Contact us
Contact us For personal use only 1 / 23 Mackley St, Garbutt, QLD, 4814 +61 8 6245 9828 admin@shnmetals.com.au www.shnmetals.com.au LinkedIn www.linkedin.com/company/70551686 Facebook Sunshine Metals Ltd Twitter #SunshineGold20 ASX SHN