Sunstone Metals Ltd · ASX:STM
Sunstone Metals — Investor Presentation (March 2020)
28 slides from Sunstone Metals's investor presentation, Mar 26, 2020
Slide 1: Investor Presentation: On the Path to Discovery of a Gold-Copper Porphyry District in Ecuador
For personal use only INVESTOR PRESENTATION ON THE PATH TO DISCOVERY OF A GOLD-COPPER PORPHYRY DISTRICT IN ECUADOR ASX STM March 2020
Slide 2: Disclaimer and Forward-Looking Statements
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 3: Assets
Assets For personal use only • Sunstone owns 87.5% of the Bramaderos Gold-Copper 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 This position was earned through a low entry cost earn-in JV with res
Slide 4: Clear Strategy
Clear Strategy Deliver outstanding shareholder returns through discovery For personal use only • Sunstone has a vision to build a gold-copper discovery business • The team at Sunstone has done it before, through involvement in large copper-gold porphyry discoveries in Indonesia (Tujuh Bukit, Intrepi
Slide 5: Investment Highlights
Investment Highlights For personal use only • Sunstone has a vision to build a gold-copper discovery business in Ecuador and is monitoring other opportunities. The leverage from Sunstone’s equity investment in Copperstone can help deliver the vision • Opportunity to participate in the discovery of m
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 Enterprise Value of ~zero (or –ve EV at today’s share price) Trading at below Net Tangible Asset value A$10M A$1.0M A$10M 1,384M ~43% 4.4% MARKET CASH EQUITY INVESTMENTS SHARES ON ISSUE TOP 20 SHAREHOLDERS BOARD & CAPITALISATION As at Mar 2020 - unaudited In Nasdaq li
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: Active and 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 Cascabel; SolGold Ecuador’s first modern underground gold mine Mirador EcuaCorriente O
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), and within a region of other significant po
Slide 11: Bramaderos Project: Cluster of mineralised porphyry 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 deposits • From surface (e.g. Brama) to deeper (e.g. Limon) • Large vertical extent to min
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
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 BMDD004 drilling
Brama Porphyry Brama – Curi-03, BMDD001 and BMDD004 drilling For personal use only 200m diameter ‘pencil porphyry’ system on this section We have at least 4 of these within the Brama porphyry • In BMDD001 – ✓ 96.6m at 0.61g/t gold and 0.18% copper, within 172m at 0.52g/t gold and 0.16% copper from 3
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 m
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 17
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 18
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 targets Surf
Slide 20: Porotillo Target
Porotillo Target Large mineralised area For personal use only Early days Some detailed mapping completed 3-D magnetic model Demonstrates clustering of potential targets extending to at least 500m depth Surface mapping has identified several intrusive phases, some similar to Brama intrusive phases Hi
Slide 21: Porotillo Target: Robust 3-D magnetic model
Porotillo Target Robust 3-D magnetic model For personal use only 21
Slide 22: Espiritu Target
Espiritu Target Epithermal Gold Belt – significant opportunity for high grade gold For personal use only • Recent rock chip sampling delivered up to 11.6g/t gold, 2962g/t silver, 13% copper • Quartz veins within argillic altered host rocks • Trenching over this area underway • Along strike from the
Slide 23: Copperstone Equity Investment
Copperstone Equity Investment Viscaria Copper Project – northern Sweden For personal use only • Sunstone holds ~27% of NASDAQ Stockholm listed Copperstone Resources. The holding is valued at ~A$10 million • Recent drilling by Copperstone at the Viscaria Copper Project in northern Sweden has delivere
Slide 24: 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 and detailed rock chip • Looking at JV/partnerships to advance • Viscaria sal
Slide 25: Competent Persons Statement
Competent Persons Statement For personal use only The information in this report that Dr. Rohrlach consents to the inclusion relates to exploration results and in the report of the matters based on exploration targets and results is based his information in the form and context upon information revi
Slide 26: Multi Disciplinary Strong Board
MULTI DISCIPLINARY STRONG BOARD For personal use only GRAHAM ASCOUGH MALCOLM NORRIS DON HYMA STEPHEN STROUD CHAIRMAN CEO & MANAGING DIRECTOR NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR A senior resources executive Mining industry executive with a Mining industry executive with more Corporate finan
Slide 27: 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 28: 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