Slide 1: Sunstone Metals presenting at Noosa Mining Virtual conference
16 JULY 2020 Sunstone Metals Ltd. presenting at Noosa For personal use only Mining Virtual conference today at 3.20pm Updated Investor presentation below Sunstone Metals Ltd (ASX: STM) is pleased to be a participant in the Noosa Mining Virtual conference being held July 15-17. Sunstone’s Managing Di
Slide 2: About Sunstone Metals
About Sunstone Metals Sunstone has an advanced portfolio of exploration and development projects in Scandinavia and Ecuador. The For personal use only portfolio comprises: 1. The Bramaderos Gold-Copper Project where Sunstone owns an 87.5% interest with TSXV listed Cornerstone Capital Resources holdi
Slide 3: Investor Presentation: On the Path to Discovery in Ecuador
For personal use only INVESTOR PRESENTATION NOOSA MINING VIRTUAL ON THE PATH TO DISCOVERY IN ECUADOR ASX STM July 2020
Slide 4: Disclaimer
Disclaimer For personal use only DISCLAIMER FORWARD-LOOKING STATEMENTS To the maximum extent permitted by law, no representation, warranty or This Presentation includes certain statements that may be deemed “forward- undertaking, express or implied, is made and, to the maximum extent permitted looki
Slide 5: Investment Highlights
Investment Highlights For personal use only • Sunstone owns 87.5% of the Bramaderos Gold-Copper-Silver Project in Ecuador o The Bramaderos Project has delivered ore grade intercepts of gold and copper and has multiple targets still to be fully tested o Epithermal targets are delivering very promisin
Slide 6: We are optimistic because …
We are optimistic because … For personal use only • Bramaderos Project is in a regionally extensive well mineralised porphyry - epithermal district • Exploration results to date have delivered a much improved understanding of the mineralisation. We are entering Phase 2 of the exploration process. Ph
Slide 7: Corporate
Corporate For personal use only Negative Enterprise Value Trading at below Net Tangible Asset value A$22.1M A$3.7M A$21M 2,210M ~39% 3.7% MARKET CASH EQUITY INVESTMENTS SHARES ON ISSUE TOP 20 SHAREHOLDERS BOARD & CAPITALISATION As at June 2020 - unaudited In Nasdaq listed Copperstone As at Jun 2020
Slide 8: Ecuador: Exploration and development is active
Ecuador Exploration and development is active For personal use only Ecuadorian government is strongly supporting the exploration and mining sector “Ecuador 10-year plan for investment stability. Ecuador is developing a 10-year mining plan to provide investors with stability and certainty about the f
Slide 9: Ecuador: Exploration and development strongly supported by Government
Ecuador Exploration and development is active and strongly supported by Government For personal use only Fruta del Norte Lundin Gold (TSX:LUG) High grade underground gold mine; 25.4Mt at 8.21g/t gold In production; building to 325,000 ounces gold per year; AISC US$621/ounce Ecuador’s first modern un
Slide 10: Bramaderos Project: Within regional mineralised belt
Bramaderos Project Within regional mineralised belt For personal use only Bramaderos Project – 4,948ha exploration concession in the ‘Advanced Stage’ category Strategically located along strike from the 2- million-ounce Dynasty Goldfield (epithermal gold) owned by ASX listed Titan Minerals (TTM), an
Slide 11: Bramaderos Project: Cluster of mineralised porphyry gold-copper systems
Bramaderos Project Cluster of 6 mineralised porphyry gold-copper systems For personal use only Still early days Only 2 gold-copper porphyry systems partially tested with drilling by Sunstone; Brama and Limon – both mineralised Some historical drilling undertaken at Porotillo and Melonal which inters
Slide 12: Bramaderos Project: What is the prize
Bramaderos Project What are we looking for – What is the prize For personal use only At Bramaderos • Multiple gold-copper porphyry deposits within a 5km long belt • Complemented by higher grade epithermal gold- silver deposits • From surface (e.g. Brama) to deeper (e.g. Limon) • Large vertical exten
Slide 13: Brama Porphyry: Detailed magnetics and 3-D modelling
Brama Porphyry Detailed magnetics and 3-D modelling – a breakthrough For personal use only Original target was single large magnetic system – target now is cluster of smaller, magnetic, higher grade gold-copper systems Side-by-side – original heli magnetics vs new ground magnetics Brama; Heli-magnet
Slide 14: Brama Porphyry effective drill holes - all mineralised
Brama Porphyry 6 effective drill holes - all mineralised For personal use only • Longitudinal trench BM14 – 615.14m at 0.52g/t Au and 0.11% Cu, includes • 122.6m at 0.55g/t gold, 0.17% copper, and • 97m at 0.61g/t gold, 0.16% copper, and • 179.7m at 0.6g/t gold, 0.09% copper • Cluster of higher grad
Slide 15: Brama Porphyry: Curi-03, BMDD001 and BMDD002 drilling
Brama Porphyry Brama – Curi-03, BMDD001 and BMDD002 drilling For personal use only 200m diameter outcropping ‘pencil porphyry’ system on this section We have at least 4 of these within the Brama porphyry • In BMDD001 – ✓ 172m at 0.52g/t gold and 0.16% copper downhole, including ✓ 96.6m at 0.61g/t go
Slide 16: Brama: Cluster of porphyry systems
Brama Porphyry Brama – Cluster of porphyry systems For personal use only Compelling interpretation built from new detailed ground magnetic data, 3-D modelling, and new drilling results Exploration data is telling us we have a cluster of smaller higher grade gold-copper porphyry systems Exploration s
Slide 17: Brama – Playas – Melonal Targets
Brama – Playas – Melonal Targets Multiple clusters – compelling interpretation, all mineralised For personal use only Target ‘pencil porphyries’ shown in pink Note at Playas, minor surface sampling undertaken, and highest values correspond to positions of pencil porphyries 15
Slide 18: Multiple Mineralised Porphyries and Epithermals
Multiple Mineralised Porphyries and Epithermals All mineralised – targeting higher grades For personal use only Brama Limon Playas Melonal Epithermals BMDD001; 0.7g/t LMDD002; 2.1g/t gold, 1.9% gold, 0.2% copper copper; over 0.25m at 890.4m 16
Slide 19: Limon Target
Limon Target Multiple drill targets now defined For personal use only Applying the Brama model, Limon contains at least 3 discrete porphyry targets T1, T2, & T3 – shallow, near trench LM01, to deep near drill holes LMDD002 and 004 Previous target was one large deep system – now multiple smaller targ
Slide 20: Espiritu Target
Espiritu Target Epithermal Gold Belt – significant opportunity for high grade gold-silver-lead-zinc For personal use only • Recent trenching and rock chip sampling has delivered highly promising results of up to 11.9g/t gold, 2962g/t silver, 7% zinc for individual samples and 4m at 415 g/t silver, 0
Slide 21: Copperstone Equity Investment
Copperstone Equity Investment Viscaria Copper Project – northern Sweden For personal use only • Sunstone holds ~25% of NASDAQ Stockholm listed Copperstone Resources. The holding is valued at ~A$21 million • Recent drilling by Copperstone at the Viscaria Copper Project in northern Sweden has delivere
Slide 22: Planned Workflow and News Flow
Planned Workflow and News Flow Focus is on Bramaderos in Ecuador – Deliver a Discovery For personal use only ECUADOR SWEDEN FINLAND BRAMADEROS GOLD-COPPER EQUITY INVESTMENT SOUTHERN FINLAND GOLD PROJECT PROJECT • Trenching, soil sampling and detailed • Viscaria sale - ~A$6.2 million • Looking at JV/
Slide 23: Competent Persons Statement
Competent Persons Statement For personal use only The information in this report that relates to exploration results and exploration targets and results is based upon information reviewed by Dr. Bruce Rohrlach who is a member of the Australasian Institute of Mining and Metallurgy. Dr. Rohrlach is a
Slide 24: Multi Disciplinary Strong Board
MULTI DISCIPLINARY STRONG BOARD For personal use only GRAHAM ASCOUGH MALCOLM NORRIS STEPHEN STROUD CHAIRMAN NON-EXECUTIVE DIRECTOR CEO & MANAGING DIRECTOR A senior resources executive Corporate finance executive with over 20 Mining industry executive with a with considerable experience years experie
Slide 25: A Very High Quality Team
A VERY HIGH QUALITY TEAM For personal use only MALCOLM NORRIS GAVIN LEICHT RAY ROBINSON CEO & MANAGING DIRECTOR GENERAL MANAGER DR. BRUCE ROHRLACH CFO & COMPANY SECRETARY STUDIES &TECHNICAL SERVICES GENERAL MANAGER GEOLOGY Mining industry executive with a Finance professional with Mining engineer wi
Slide 26: References
References For personal use only https://hudbayminerals.com/investors/reserves-and-resources/default.aspx https://www.lundinmining.com/news/lundin-mining-announces-2019-mineral-resource-and-122969/ https://www.centerragold.com/operations/reserve-and-resource-summary The Cadia Valley Mines, E. Malone