Sunstone Metals Ltd · ASX:STM
Sunstone Metals — Resources Rising Stars (December 2024)
31 slides from Sunstone Metals's conference presentation, Dec 5, 2024
Slide 1: El Palmar: A Major Tier 1 Au-Cu Discovery
STM El Palmar Investor Presentation A Major Tier 1 Patrick Duffy, MD & CEO Au-Cu Discovery 3-5 December 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: A compelling major Gold & Copper opportunity
A compelling major Gold & Copper opportunity El Palmar Scope for Tier-1 scale global opportunity • Maiden MRE1 of 1.2Moz AuEq2 • Maiden Exploration Target of 15M – 45M oz’s AuEq3 • Potential to start as a large open pit mine, sitting above and adjacent to other large porphyry systems Bramaderos Targ
Slide 4: Board/Mgmt Team with exceptional track record
Board/Mgmt Team with exceptional track record Patrick Duffy Malcolm Norris Neal O’Connor Stephen Stroud Managing Director Non-Executive Non-Executive Non-Executive & CEO (Apr-24) Chair (Sept-24) Director (Apr-24) Director Ex-Red 5, Glencore and Ex-WMC, Intrepid and Former Xstrata Copper Chief Mr Str
Slide 5: Global capability to execute STM growth strategy
Global capability to execute STM growth strategy Proven team of exploration experts, with Extensive experience with large unrivalled porphyry discovery success development projects Development of US$6bn Tampakan Cu- Tujuh Bukit Alpala, Cascabel Au Project, Philippines (2008) (2013) 36.4Moz 8.5Mt 1
Slide 6: Ecuador – rapidly emerging mining jurisdiction…
Ecuador – rapidly emerging mining jurisdiction… Pro-responsible mining government • President actively encouraging responsible mining • Single national mining department Forms part of the worlds most endowed copper gold belt • 2 world-class operating mines – Fruta del Norte, Mirador • All majors pre
Slide 7: Ecuador – …with a low-cost strategic advantage
Ecuador – …with a low-cost strategic advantage Ecuador has two world-class, lowest cost-quartile Comparable energy prices (Dec 2023)1 operating mines $0.25 $1.17 $1.50 $1.06 • Fruta del Norte Gold Mine (Lundin Gold) $0.20 $1.01 $1.20 US$/litre US$/kWh • Mirador Copper Mine (Chinese-owned) $0.15 $0.9
Slide 8: El Palmar & Verde Chico, northern Ecuador
1.El Palmar & Verde Chico, northern Ecuador 3,671 Ha under two concessions • 3-hour drive from Quito • Fully permitted for drilling • Access to water and power • Remote agricultural communities are supportive of the project 8 8 ASX:STM
Slide 9: El Palmar & Verde Chico, northern Ecuador
1.El Palmar & Verde Chico, northern Ecuador Highly prospective mineralised district related to the Toachi Fault Zone Tier 1 regional deposits • 2.7Bt Alpala copper-gold porphyry deposit (0.53% CuEq) at Cascabel • 0.53Bt Tandayama-America copper-gold porphyry deposit (0.36% CuEq) at Cascabel • 1Bt Ll
Slide 10: El Palmar: clear potential to be a Tier 1 deposit
1. El Palmar: clear potential to be a Tier 1 deposit Maiden Mineral Resource estimate (MRE) of 1.2Moz AuEq1 establishes a strong platform on which to build a world-scale resource inventory • Pit-constrained MRE is based solely on the outcropping T1 gold-copper porphyry deposit 64Mt at 0.60g/t AuEq
Slide 11: El Palmar: Maiden MRE of 1.2Moz AuEq
1. El Palmar: Maiden MRE of 1.2Moz AuEq1 Based on only 17,699 meters of drilling Significant potential to expand the T1 MRE and pit shell: • Areas within the pit shell still to be drilled • Targets adjacent to and directly below the pit shell will expand the pit size over time • Expectation of a ver
Slide 12: El Palmar: Exploration Target 15-45 Moz AuEq
1. El Palmar: Exploration Target 15-45 Moz AuEq1 Prepared in accordance with JORC code and is in addition to the maiden MRE of 1.2Moz AuEq2 The areas of mineralisation captured in the Exploration Target are of high conviction, geologically robust domains consistent with high aspect ratio, clustered
Slide 13: Tier 1 potential – what does this mean?
1. Tier 1 potential – what does this mean? Comparable Ore Bodies - contained metal AuEq Moz’s1 (bubble size) 15M – 45M oz AuEq2 1.0 El Palmar Exploration Target Cadia Hill FID MRE 0.9 (1997), 10M demonstrates potential to Solgold - Cascabel rank alongside Tier 1 global MRE, 100M 0.8 El Palmar ET mid
Slide 14: Verde Chico is complimentary to El Palmar
1. Verde Chico is complimentary to El Palmar Potential to define both porphyry copper-gold and epithermal gold opportunities Exploration at Verde Chico has commenced with initial follow-up to the known high-grade gold mineralisation Historical exploration from the 1990’s includes: • Perdida vein - 6
Slide 15: Bramaderos, Southern Ecuador
2.Bramaderos, Southern Ecuador 4,984 ha concessions at ~900m above sea level (asl) The project is supported by excellent infrastructure Adjacent to the Pan American Highway ~100km’s from Loja Airport 93% of Ecuador’s power is generated from renewables Potential for low-carbon footprint m
Slide 16: Bramaderos – targeting 10M+oz AuEq
2.Bramaderos – targeting 10M+oz AuEq Immediate priority is to establish a high-grade Mineral Resource Estimate for the Limon epithermal system Bramaderos Project, Au-Equivalents (Moz’s) 14 12 0.9 - 1.7 2 Potential to deliver MRE 10 growth by converting a portion of the 8 Exploration Target through f
Slide 17: Brama-Alba + Limon – mineralisation from surface
2.Brama-Alba + Limon – mineralisation from surface Brama-Alba: 1.6km long Brama- 1.6 km mineralised porphyry system Alba • Outcropping gold-copper-silver Limon; just behind hill • MRE undertaken by Tier 1 Alba consultants CSA • Attractive mining metrics Brama Very low strip ratio Higher grade do
Slide 18: Limon high-grade at-surface discovery
2. Limon high-grade at-surface discovery Limon is a very significant discovery - delivers the potential at-surface higher- grade front end for a larger multi-decade development at Bramaderos • Large 1.7km x 1.0km alteration zone of Hills in background epithermal gold-silver-base metal mineralisation
Slide 19: Limon drilling to establish maiden Resource
2. Limon drilling to establish maiden Resource1 Hills in background 1: ~17k m’s of drilling to-date 19 (12k m’s in the Limon epithermal) ASX:STM
Slide 20: Pathway to a multi-decade mining centre
2. Pathway to a multi-decade mining centre Bramaderos is a world-class gold and copper discovery with multiple pathways to establishing a large 10M+oz AuEq mining centre in southern Ecuador Stage 1: Limon to provide the Establish Limon revenue and balance sheet epithermal as a higher- to fund larger
Slide 21: Momentum in Gold and Copper markets
Momentum in Gold and Copper markets Geopolitical and macroeconomic factors will continue to World is faced with enormous challenge to satisfy future drive up the price of gold global copper demand has been decades in the making Regional conflicts, trade restrictions, shift from USD New copper su
Slide 22: Significant room for value appreciation
Significant room for value appreciation Sunstone is a gold and copper company in the Three clear catalysts to drive share price: world-class Ecuador Andean Copper Belt 1. Maiden El Palmar MRE and ASX STM Exploration Target 2. Advance discussions with strategic Shares on Issue 5,123M partners for ass
Slide 23: Exemplary reputation, strong community support
Exemplary reputation, strong community support Sunstone appreciates the strong community support that it has at its projects and takes its environmental, social and governance issues very seriously. Inaugural Sunstone Sustainability Report released 27 November 2023 • Significant environmental monito
Slide 24: About Sunstone Metals
About Sunstone Metals Sunstone has an advanced portfolio of exploration projects in Ecuador. The portfolio comprises: 1. The Bramaderos Gold-Copper Project Sunstone owns an 87.5% interest, and SolGold Canada, Inc. (formerly Cornerstone Capital Resources) a subsidiary of SolGold, holding 12.5% (loan
Slide 25: About Sunstone Metals
About Sunstone Metals Sunstone has an advanced portfolio of exploration projects in Ecuador. The portfolio comprises: 2. The El Palmar Gold-Copper Project Sunstone holds 74.5% of the highly prospective 800ha El Palmar gold-copper porphyry project in Ecuador. Sunstone can acquire 100% through a Stage
Slide 26: Competent Persons Statement
Competent Persons Statement Competent Persons Statement - Bramaderos 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 A
Slide 27: Information on Exploration Targets
Information on Exploration Targets Bramaderos areas of somewhat coincident gold, silver, zinc, lead, copper, tellurium and arsenic. Target areas have also been The Bramaderos porphyry Exploration Target within the Bramaderos concession is estimated from 3 areas – the strengthened using alteration mi
Slide 28: Peer Comparison Data (page 13)
Peer Comparison Data (page 13) Mineral Resources Measured Indicated Inferred Total Mineral Resources Tonnes Grade Grade Grade Grade Grade Ounces Tonnes Grade Grade Grade Grade Grade Ounces Tonnes Grade Grade Grade Grade Grade Ounces Tonnes Grade Grade Grade Grade Grade Ounces g/t Moz g/t Moz g/t Moz
Slide 29: Peer Comparison Data (page 22)
Peer Comparison Data (page 22) Ordinay Fully Mineral ASX Share price Paid Shares on Date of Market Cap Enterprise Resource EV/ Ticker Company Name ($/share)* issue (M) Appendix 2A ($M) Net Debt Value Moz AuEq Oz AUEq Comments STM Sunstone Metals 0.007 5,149 01-Nov-24 36 (3) 33 3.9 9 Net Debt Source:
Slide 30: 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 dollars Density: Persons Per Sq Km 7
Slide 31: CALL EMAIL WEB
CALL EMAIL WEB ASX:STM +61 3 7044 2627 info@sunstonemetals.com.au sunstonemetals.com.au
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