Sunstone Metals Ltd · ASX:STM
Sunstone Metals — Investor Presentation (March 2024)
22 slides from Sunstone Metals's investor presentation, Mar 14, 2024
Slide 1: Resource Investor Lunch Presentation
Resource Investor Lunch Presentation STM 14 March 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: Sunstone Snapshot
Sunstone Snapshot Ecuador focussed, gold-copper explorer and discoverer ASX STM Market Capitalisation 1 A$42 mill Cash and Equities 2 ~A$4.9 mill MRE – Brama-Alba Porphyries 2.7Moz AuEq3 Exploration Targets – Bramaderos 4.2 – 10.3Moz AuEq3 Porph+Epithermals Shares on Issue 3,501 million Top 20 Share
Slide 4: Ecuador
Ecuador • Pro-responsible mining • President Daniel Noboa recently presented at PDAC in Toronto and strongly reinforced mining and foreign investment in Ecuador • Investment agreements being signed for the most advanced projects (SolGold Cascabel, Adventus/Luminex Condor) • Security issues being wel
Slide 5: The Sunstone Opportunity
The Sunstone Opportunity • Key messages • Exposure to 2 giant gold-copper-silver exploration and development assets • Bramaderos is a significant staged development and discovery opportunity, with line of sight to 10Moz gold equivalent (gold-copper-silver) 1. near surface high-grade gold-silver, e.g
Slide 6: ESG considered across the business
ESG considered across the business Sunstone appreciates the strong community support that it has at its projects and takes its environmental, social and governance issues very seriously. It is committed to advance its social performance in the areas where we work Inaugural Sustainability Report Rele
Slide 7: Bramaderos, Southern Ecuador
Bramaderos, Southern Ecuador Office and drill core processing facility Limon Brama-Alba • 4,984 ha concessions • Adjacent to the Pan American Highway • At ~900m asl • The project is supported by good infrastructure (hydroelectric power, regional airport nearby) • 93% of Ecuador’s power is generated
Slide 8: Bramaderos – targeting 10Moz opportunity
Bramaderos – targeting 10Moz opportunity LIMON - gold-silver epithermal and porphyries Epithermal gold and silver (2023 discovery) Exploration Target 0.9 – 1.7 mill oz AuEq, at 0.9- 1.2g/t AuEq*1 from surface Porphyry gold-copper-silver 97.6m at 0.71g/t gold and 0.23% copper in trench 79m at 0.52g/t
Slide 9: Brama-Alba + Limon – mineralisation from surface
Brama-Alba + Limon – mineralisation from surface • Brama-Alba targets – MRE Brama-Alba undertaken by Tier 1 consultants 1.6 km CSA (pit constrained, reasonable Limon; just behind hill prospects) Alba • 1.6km long mineralised system – so far Brama • Outcropping gold-copper-silver • Development would
Slide 10: Limon – gold-silver epithermal
Limon – gold-silver epithermal • Very significant discovery; delivers the higher-grade front end for a larger Bramaderos development • Large search space for epithermal gold- silver-base metal mineralisation Hills in background • Evidence of epithermal veins to depths exceeding 600m from previous dr
Slide 11: Limon – gold-silver epithermal
Limon – gold-silver epithermal Hills in background 11
Slide 12: Bramaderos – gold-copper-silver camp
Bramaderos – gold-copper-silver camp • Aiming to deliver 10 million ounce gold equivalent camp • Current Porphyry MRE – 2.7Moz AuEq –gold-copper-silver, Brama-Alba porphyry only • Current Porphyry Exploration Target, in addition to above MRE – 3.3 – 8.6 Moz AuEq – gold-copper-silver; Brama- Alba-Mel
Slide 13: El Palmar, northern Ecuador
El Palmar, northern Ecuador • Same belt as the 2.7Bt Alpala copper-gold porphyry deposit (0.53% CuEq) at Cascabel, the 0.53Bt Tandayama-America copper-gold porphyry deposit (0.36% CuEq) at Cascabel, and the 1Bt Llurimagua copper-moly porphyry deposit (1.0% CuEq) • Immediately west of the recently an
Slide 14: El Palmar - 5 porphyry gold-copper centres
El Palmar - 5 porphyry gold-copper centres • Mineralisation from surface at T1, T2, and T5 • Mineralisation at depth at T3 and T4 • 2.3km long cluster of porphyry targets identified to date; T1 to T5 • Results from holes EPDD026 and 028 in T3 are extremely significant – first holes into a large targ
Slide 15: El Palmar - multiple large targets
El Palmar - multiple large targets • T1; 800m long (in NW-SE orientation) already an orebody in its own right • T1; 21 drill holes completed, gold-copper from surface to 500m below surface, intersections include 160m at 0.7g/t gold and 0.2% copper from 52m (LMDD001) • T3; EPDD026 and 028 intersectio
Slide 16: El Palmar – locally strong grades
El Palmar – locally strong grades EPDD026 Targets T1 to T5 could all be related and have geometries that relate to their position on or adjacent to the Toachi fault Porphyries have very large vertical extent – can be > 1,000m EPDD026 and 028 grades suggest the T3 system can deliver very high grades
Slide 17: El Palmar – Verde Chico
El Palmar – Verde Chico xxx • Exploration at Verde Chico has commenced with initial follow- up to the known high-grade gold mineralisation • Potential to define both porphyry copper-gold and epithermal gold opportunities • Historical exploration form the 1990’s includes • Perdida vein - 6.5m @ 25.11
Slide 18: What’s ahead
What’s ahead ✓ Bramaderos • Limon gold-silver epithermal discovery has fundamentally changed Bramaderos • Ongoing low-cost trenching leading to drilling resuming at Limon • Deliver additional discoveries at Melonal, Melonal SE, Limon porphyries, Porotillo, and other epithermals • Strengthen expectat
Slide 19: Competent Persons Statement
Competent Persons Statement Competent Persons Statement 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 Australasian I
Slide 20: About Sunstone Metals
About Sunstone Metals Sunstone has an advanced portfolio of exploration projects in Ecuador. The portfolio comprises: •The Bramaderos Gold-Copper Project where Sunstone owns an 87.5% interest, and SolGold Canada, Inc. (formerly Cornerstone Capital Resources) a subsidiary of SolGold, holding 12.5% (l
Slide 21: 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 $ Density: Persons Per Sq Km 71.4 Ur
Slide 22: CALL EMAIL WEB
CALL EMAIL WEB ASX:STM +61 7 3368 9888 info@sunstonemetals.com.au sunstonemetals.com.au