Sunshine Metals Limited · ASX:SHN
Sunshine Metals — Investor Presentation (October 2026)
20 slides from Sunshine Metals's investor presentation, Oct 8, 2026
Slide 1: Advancing Toward Gold Production in 2027
rsonal use only Liontown • Mt Moss • Sybil Advancing Toward NORTH QUEENSLAND GOLD & BASE METALS Gold Production in 2027 Damien Keys Managing Director 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", It is the opinion of Sunshine Metals and the Competent Person that all elements and products included in the metal "estimate", "expect", "intend", "may", "potent
Slide 3: Corporate Overview
Corporate Overview ASX: SHN C O R P O R AT E I N F O R M AT I O N High-grade Au results rsonal use only Shares on Issue 3,595M Options 260M 30m @ 6.67g/t Au 14m @ 12.38g/t Au, & 528g/t Ag, Liontown Liontown Market Cap (6 Oct 2026) @ 0.032 A$115M 4.5m @ 17.65g/t Au Sybil Cash (as at 30 June 2026) ~A$
Slide 4: North Queensland Focus
North Queensland Focus Gold-Silver-Copper-Zinc rsonal use only Sybil/Mt Moss Au-Ag-Cu-Zn Building Queensland’s Next Gold Producer | ASX:SHN 4
Slide 5: Investment Highlights: Rapid Progression Toward Production
Investment Highlights Rapid Progression Toward Production rsonal use only High-grade Advancing District-scale Value Resource Mt Moss Upside Creation Total Resource: Refurbishment of Large, prospective Transitioning from 8.4Mt @ 3.5g/t AuEq Mt Moss landholding. explorer to processing plant producer.
Slide 6: Liontown – Ravenswood Consolidated
Liontown Ravenswood Consolidated • Total Liontown VMS Resource: rsonal use only - 7.3Mt @ 3.2g/t AuEq (745Koz AuEq recoverable) • Gold Resource update (July 2026): - 1.0Mt @ 3.8g/t Au & 29.9g/t Ag • Mining Study completed in September 2026. Highlights: - Gold mined: 79,541oz - Silver mined: 951,732o
Slide 7: Liontown Gold Study Resource
Liontown Gold Study Resource 28% increase in tonnes, 21% increase in contained Ag, 13% increase in contained Au rsonal use only Building Queensland’s Next Gold Producer | ASX:SHN 7
Slide 8: Liontown – Ravenswood Consolidated
Liontown Ravenswood Consolidated rsonal use only Cumulative Net Cash Position (after royalties) Mt Moss Processed Tonnes & Mill Feed Grade Building Queensland’s Next Gold Producer | ASX:SHN 8
Slide 9: Mt Moss Gold Processing Facility
Mt Moss Gold Processing Facility Gold Processing Facility • Acquired 2 July 2026 ($8M paid, $10M deferred) • Permitted mining lease with bitumen to gate rsonal use only • Site infrastructure in excellent condition: • 300Ktpa milling circuit • Tailings facility with capacity • Site office • Mobile wo
Slide 10: Mt Moss Mill – June 2026
Mt Moss Mill – June 2026 Mill and Camp rsonal use only Building Queensland’s Next Gold Producer | ASX:SHN 10
Slide 11: Mt Moss Mill – September 2026
Mt Moss Mill – September 2026 Mill Decommissioning rsonal use only Building Queensland’s Next Gold Producer | ASX:SHN 11
Slide 12: Mt Moss Mill – 2027
Mt Moss Mill – 2027 Mill Design rsonal use only Building Queensland’s Next Gold Producer | ASX:SHN 12
Slide 13: Mt Moss to Sybil Gold Exploration
Mt Moss to Sybil Gold Exploration Adjoining Leases, 25km apart rsonal use only Building Queensland’s Next Gold Producer | ASX:SHN 13
Slide 14: Growth - Sybil Epithermal Gold
Growth - Sybil Epithermal Gold • Acquired June 2025, drilled September 2025. rsonal use only • High-grade intersections, October 2025 : 4.4m @ 57.51g/t Au 4.5m @ 17.65g/t Au 5.2m @ 9.01g/t Au 2.8m @ 15.15g/t Au 3.8m @ 6.12g/t Au • Further RC drilling results, October 2026: 4.0m @ 11.11g/t Au 6.0m @
Slide 15: Sybil Epithermal – Pajingo Analogue
Sybil Epithermal Pajingo Analogue • Prospective “boiling rsonal use only zone” thickens to the east and southeast. • First drilling at Francis Creek East, results: - 3m @ 2.36g/t Au from 15m, 26FCERC006 • Quartz Ridge (shallow): - 68m @ 0.38g/t Au from 36m, FSR070 - 22m @ 0.55g/t Au from 0m, FSR035
Slide 16: Next Phase Drilling – Burdekin, Francis Creek East
Next Phase Drilling – Burdekin, Francis Creek East rsonal use only Building Queensland’s Next Gold Producer | ASX:SHN 16
Slide 17: Sybil Epithermal Magnetic Survey
Sybil Epithermal Magnetic Survey Detection of vein signatures in survey rsonal use only Building Queensland’s Next Gold Producer | ASX:SHN 17
Slide 18: 2026 Exploration & Development Roadmap
2026 Exploration & Development Roadmap Upcoming News Flow rsonal use only Oct 2026 Q4 2026 2027 • Australian Gold • Sybil drilling results • Mt Moss Conference • Sybil air mag construction • Sybil RC drilling - survey commences • First ore Burdekin, Francis • Commencement of Liontown Creek East & Ci
Slide 19: rsonal use only
ASX:SHN rsonal use only Unit 26, 31-45 Eyre St, North Ward QLD 4810 Phone: +61 7 4422 0522 Email: info@shnmetals.com.au LinkedIn: www.linkedin.com/company/sunshine-metals-ltd X: @SHNMetals20 www.shnmetals.com.au 19
Slide 20: References
References For the latest resource update at the Liontown deposit, please refer to: For the most recent previous releases outlining SHN drill assay results please refer to: rsonal use only • ASX: SHN, 15 July 2026, Significant Upgrade to Liontown Resource • ASX: SHN, 22 October 2025, Further High-Gr
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