Sunshine Metals Limited · ASX:SHN
Sunshine Metals — RIU Resources Round-Up (May 2022)
19 slides from Sunshine Metals's conference presentation, May 3, 2022
Slide 1: RIU Resources Round-Up
RIU Resources Round-Up 3 May 2022 TITOV CU-AU-AG-MO, RAVENSWOOD WEST PROJECT ASX: SHN
Slide 2: Disclaimer & Disclosure
Disclaimer & Disclosure This presentation includes forward-looking statements. When used in this document, the words such as "could", "plan", "estimate", "expect", "intend", "may", "potential", "should" and similar expressions are forward-looking statements. Although Sunshine Gold Ltd. (“Sunshine Go
Slide 3: Corporate Overview
Corporate Overview Corporate Information Board of Directors ASX Code SHN Damien Keys Geologist with over 20 years mining and Managing Director exploration experience. Led teams to Share Price $0.039 PhD (Struct. Geo), MAIG exploration success at Spectrum Metals, Black Cat Syndicate, Silver Lake Shar
Slide 4: Investment Case
Investment Case • Large land holding in under explored Tier 1 jurisdiction ✔ Queensland holding, significant gold provinces ✔ Limited historical work on 4 highly prospective projects • Leverage to multiple high value metals ✔ Gold, Copper, Molybdenum, Silver, Rare Earths • Well funded and highly act
Slide 5: Project Portfolio
Project Portfolio TRIUMPH GOLD PROJECT (100%) • 15km² intrusion related gold/orogenic system under shallow alluvial cover • 2 granted EPM’s, spanning 138 sqkm • Maiden JORC Resource 118koz @ 2.0 g/t Au RAVENSWOOD WEST Au, Cu, Ag, Mo & REE PROJECT (100%) • Prospective for porphyry Cu-Au-Mo, intrusion
Slide 6: Triumph Gold Project
Triumph Gold Project • 50 km south of Gladstone mining centre • 16,481m drilling completed • JORC Resource of 118 koz @ 2.03 g/t Au • >85% Resource <100m depth • $24.22 /oz (acquisition & discovery cost) • Resource within 16 months of listing • Huge upside potential, especially in Southern Corridor
Slide 7: Triumph RC Drilling Campaign
Triumph RC Drilling Campaign • Tested a suite of prospects, focussing on the “Southern Corridor” • Southern Corridor comprises Super Hans, Big Hans, South Constitution and New Constitution • Sunshine Gold Southern Corridor RC results include; • 16 m @ 8.44 g/t Au (38m, 22SHRC018) • 4 m @ 27.12 g/t A
Slide 8: Southern Corridor Resource Potential
Southern Corridor Resource Potential
Slide 9: Northern Corridor Resource Potential
Northern Corridor Resource Potential
Slide 10: Ravenswood West Cu-Au-Ag-Mo-REE Project
Ravenswood West Cu-Au-Ag-Mo-REE Project • 100 km south of Townsville • Acquired in late March 2021 • Greater district produced over 20 Moz Au • Adjacent the 6.6 Moz Ravenswood Gold Mine (EMR), > $450M being spent on recommissioning • Highly prospective for intrusion related and orogenic gold deposit
Slide 11: Cu-Au-Ag-Mo Targets
Cu-Au-Ag-Mo Targets • Active since April 2021, conducting early stage field work and reconnaissance drilling across the entire tenure • ~15km long Cu-Au-Ag-Mo corridor with multiple key quality targets • Drilling in 1950’s & 1960’s confirmed broad zones of Cu-Mo, not assayed for Au-Ag • Large scale
Slide 12: Titov Cu-Au-Ag-Mo
Titov Cu-Au-Ag-Mo • Malachite-stained granodiorite with abundant quartz veins • Defined over 350m strike & 350m depth • 8 RC holes (1,550m) and 1 diamond hole (501.5m) drilled • Diamond hole confirmed mineralisation style, thickness and orientation • New zone of mineralisation identified at Titov So
Slide 13: Titov Met Test Work
Titov Met Test Work • Preliminary test work recoveries; 91.7% Mo & 76.5% Cu • Cleaner float test work produces cons to 56.7% Mo • Able to report recoverable copper equivalents 21TVRC004 66m @ 2.10 % CuEq from 26m Including 6m @ 13.35 % CuEq from 70m 21TVRC008 112m @ 0.70 % CuEq from surface Includin
Slide 14: Titov Area IP and Drill Targets
Titov Area IP and Drill Targets • Strengthening IP conductor eastern end of Titov Main • High grade zones emerging • Large chargeability anomaly at Titov South • First intersections in diamond hole • Resistivity low at Titov North • Coincident breccia mapped at surface. Rock chip 3.95% Cu, 418 g/t A
Slide 15: Elphinstone Creek Rare Earths - Au
Elphinstone Creek Rare Earths - Au • Anomalous Rare Earth and Au in stream Bank samples • Barrabas Adamellite is the likely regional 25.0 g/t source of Rare Earths Au Turkey • To date only 14% of the 27km2 intrusion Gully sampled • High neodymium (Nd) and praseodymium (Pr) content • Awarded $38k CEI
Slide 16: Ravenswood West Optics
Ravenswood West Optics • Titov1 - northern area of 15km identified corridor Multiple High Value Metals ✔ Mineralisation from surface, multiple + 100 metre intercepts ✔ Currently 350m strike x 350m depth, A$2,660 ounce ✔ Remains open along strike and at depth ✔ Broad Cu grades ~0.4%, enriched zones u
Slide 17: Upcoming Catalysts
Upcoming Catalysts • May 2022 ✔Triumph metallurgical and diamond drill results ✔Titov RC drilling recommencement ✔Wilburs Hill IP/MT survey ✔Gagarin IP survey ✔Turkey Gully & Bank mapping and sampling results Diamond Core from Super Hans • June 2022 ✔Soils results Elphinstone Creek ✔RC drill results
Slide 18: Summary
Summary • Highly prospective projects in under explored Tier 1 jurisdiction • Experienced, successful management team, North Queensland based • Well funded and highly active explorer • 24km of drilling to date delivered highly encouraging results • Leverage to multiple high value metals 18
Slide 19: Connect with us
Connect with us: Registered office 1 / 23 Mackley St, Garbutt, QLD, 4814 P +61 8 6245 9828 E admin@shngold.com.au W www.shngold.com.au Facebook Sunshine Gold Ltd Twitter #SunshineGold20 19