Sunshine Metals Limited · ASX:SHN
Sunshine Metals — Melbourne Mining Club (November 2023)
20 slides from Sunshine Metals's conference presentation, Nov 15, 2023
Slide 1: Gold and Copper in the Sunshine State
Melbourne Mining Club Gold and Copper in the Sunshine State 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: Queensland projects. Big system potential.
Queensland projects. Big system potential. 01 Large, high-grade Resource with significant low- risk growth potential 02 Experienced, successful management team, North Queensland based 03 Highly active explorer - 40km of drilling to date, delivered encouraging results 04 Big-system, advanced targets
Slide 4: Corporate Snapshot
Corporate Snapshot Share price Market capitalisation $0.011 $13.5m 14 Nov 2023 14 Nov 2023 52 week high $0.026, low $0.011 Shares on issue Cash 1,224m $3.2m 14 Nov 2023 As at 30 Sept 2023 Unlisted options Directors’ Investment 113.2m $3.2m Queensland projects. Big system potential. ASX SHN | 4
Slide 5: Strong Leadership
Strong Leadership 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 (Struc
Slide 6: Ravenswood Consolidated
Ravenswood Consolidated Location and Infrastructure Large holding in prospective district: • 20Moz Au and 14Mt Cu-Zn-Au-Pb produced Townsville facilities: • SHN head office • Cu and Zn refineries • Concentrate export port • $75M critical metals common user facility Through project: • CuString power
Slide 7: Ravenswood Consolidation
Ravenswood Consolidation Building a district presence 4.94 mt @ 12.0% ZnEq Comprised 7.1% Zn, 1.1 g/t Au, 0.8% Cu From Liontown, Liontown East, Waterloo & Orient VMS systems 5-8 mt Target (top 100m) @ 0.28-0.44% Cu Titov Porphyry & 0.08-0.14% Mo 50 Koz Au Resource Breccia Pipe Au - Plateau Advanced
Slide 8: Resource Table
Resource Table * • 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 / lb, Zinc US$1.10 / lb, Gold Emerging ASX Base Metals Player – • US$1800 / oz, Silver US$20
Slide 9: Liontown Project
Liontown Project Room for another Liontown East Queensland projects. Big system potential. ASX SHN | 9
Slide 10: Liontown Resource Update
Liontown Resource Update 2023 update will incorporate 96 additional holes Oxide Au (1g/t Au cutoff) Last published Resource from 11 March 2020 BHID From To Interval Cu % Pb % Zn % Au (g/t) Ag (g/t) LLRC200 40.0 54.0 14.0 0.12 2.98 4.95 4.12 82 96 holes drilled since November 2019 (18,150m) not in LL
Slide 11: Liontown Genetic Model
Liontown Genetic Model Implications for Resource Zonation and Au-Cu Growth Liontown - Steep dipping stratigraphy, metal zonation apparent. Queensland projects. Big system potential. ASX SHN | 11
Slide 12: Liontown Genetic Model
Liontown Genetic Model Implications for Resource Zonation and Au-Cu Growth Target Feeder Zone from magnetic lows & high Au/Cu, very low Pb/Zn Queensland projects. Big system potential. ASX SHN | 12
Slide 13: Liontown VMS Feeder Zones
Liontown VMS Feeder Zones Zn Au dominant zones delineated GMAG_TMI N Au Cu 8.1m @ 10.7g/t Au (LTDD22055) 8.0m @ 11.7 g/t Au (LLRC184) 3.0m @ 7.6 g/t Au (LTDD22069A) Untested 5.0m @ 5.0 g/t Au, 1.4% Cu (LTDD22054) Main Feeder Looking west Feeder Zone and Footwall Zone drilling part of November 2023 R
Slide 14: Coronation Cu-Au VMS
Coronation Cu-Au VMS Analogous to high-grade Cu-Au Highway- Reward and DeGrussa mines * RVR ASX Release 30 November 2021 “November 2021 Presentation” Distinct pipe-like magnetic and gravity anomalies 2.7km north of Highway-Reward Cu-Au Mine: • 3.9Mt @ 5.4% Cu, 1.1 g/t Au, mined 1987-2005 • Pipe-like
Slide 15: Highway-Reward Pipes
Highway-Reward Pipes Mined 3.9Mt @ 5.4% Cu, 1.1 g/t Au Mined from 1987 – 2003 Produced – 3.9Mt @ 5.4% Cu, 1.1 g/t Au Metal produced – 215Kt Cu, 138Koz Au Revenue (at today’s prices) - ~A$3.2B Best drill intersections: • 48m @ 11.92% Cu, 1.48g/t Au (HM051, 111m) • 24m @ 18.36% Cu, 3.30g/t Au (HM061,1
Slide 16: Coronation Near Surface Gold
Coronation Near Surface Gold 100m mapped strike, quartz-barite vein, 8m @ 1.30g/t Au (from 10m, 23CORC004) • Gold intersected in 23CORC004 8m @ 1.29g/t Au including 3m @ 2.33 g/t Au • Drill intercept beneath rock chip sample 5.33g/t Au • Vein mapped over 100m, rock chip anomalism along strike • Base
Slide 17: Ravenswood West
Ravenswood West Lighthouse farm-in Hosts a number of major targets led by Plateau breccia Au, geologically analogous to 1Moz Mt Wright Gold Mine. Double Event Au • Plateau Resource 50koz @ 1.66g/t Au# Horse Creek Au Upper Lighthouse • Resource remains open at depth and along strike Au • Cardigan Dam
Slide 18: Next Six Months High Impact Activity
Next Six Months High Impact Activity Big exploration targets and Resource growth 2023 2024 December April Liontown Resource upgrade Discovery RC (from): Coronation Geophys Review 3 IP targets Trooper Creek Au Wilburs Hill Au November February-March Discovery Drilling: Resource Growth: Plateau Drilli
Slide 19: Queensland projects. Big system potential.
Queensland projects. Big system potential. 01 Large, high-grade Resource with significant low- risk growth potential 02 Experienced, successful management team, North Queensland based 03 Highly active explorer - 40km of drilling to date, delivered encouraging results 04 Big-system, advanced targets
Slide 20: Contact us
Contact us 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
Sunshine Metals — Melbourne Mining Club (November 2023) on 6ix