Sunstone Metals Ltd · ASX:STM
Sunstone Metals — RIU Gold Coast Investor Conference 2024
23 slides from Sunstone Metals's conference presentation, Jun 19, 2024
Slide 1: RIU Gold Coast Investor Conference 19-20 June 2024
RIU Gold Coast STM Investor Conference 19-20 June 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: A compelling major Gold & Copper opportunity
A compelling major Gold & Copper opportunity Track record Discovery and development • New MD & CEO, Patrick Duffy (ex-Red 5, Glencore/Xstrata) • World class exploration team led by Malcolm Norris and Bruce Rohrlach (previous discoveries at Tampakan, Tujuh Bukit, Cascabel) • New NED, Neal O’Connor (f
Slide 4: Overview of Sunstone Metals
Overview of Sunstone Metals Sunstone is a gold and copper company in the world-class Ecuador Andean Copper Belt ASX STM Shares on Issue 3,838M4 Market Capitalisation 1 A$46M1 Cash and Equities 2 ~A$1.9M MRE – Brama-Alba Porphyries 2.7Moz AuEq3 Exploration Targets – Bramaderos 4.2-10.3 Moz AuEq3 Porp
Slide 5: Leadership transition enhances LT capability
Leadership transition enhances LT capability ➢ Experienced resources executive appointed MD and CEO, effective 15 April 2024 ➢ Existing MD Malcolm Norris now Executive Director – Exploration, focussed on growing discoveries Patrick Duffy Neal O’Connor Sunstone Board of Managing Director and CEO Non-
Slide 6: 1.Bramaderos, Southern Ecuador
1.Bramaderos, Southern Ecuador Office and drill core processing facility Limon Brama-Alba ➢ 4,984 ha concessions at ~900m asl ✓ Adjacent to the Pan American Highway ➢ The project is supported by excellent infrastructure ✓ ~100km’s from Loja Airport ➢ 93% of Ecuador’s power is generated from renewabl
Slide 7: 1.Bramaderos – targeting 10M+oz AuEq opportunity
1.Bramaderos – targeting 10M+oz AuEq opportunity Immediate priority is to establish a high-grade Mineral Resource estimate for the Limon epithermal system Bramaderos Project, Au-Equivalents (Moz’s)1 12.0 10.0 0.9 - 1.7 Delivering MRE 8.0 growth by prioritising drilling at Limon 6.0 4.0 3.3 - 8.6 2.0
Slide 8: 1.Brama-Alba + Limon – mineralisation from surface
1.Brama-Alba + Limon – mineralisation from surface Brama-Alba 1.6km long Brama- 1.6 km mineralised porphyry system Alba • Outcropping gold-copper-silver Limon; just behind hill • MRE undertaken by Tier 1 Alba consultants CSA (pit constrained, reasonable prospects) Brama • Higher grade domains close
Slide 9: 1.1 Outstanding high-grade drill results at Limon
1.1 Outstanding high-grade drill results at Limon Hills in background 9
Slide 10: 1.1 Visible gold in trenches with grades of +10g/t
1.1 Visible gold in trenches with grades of +10g/t1 Limon is a very significant discovery - delivers the potential higher-grade front end for a larger multi-decade development at Bramaderos • Large search space for epithermal gold-silver- Hills in background base metal mineralisation • Evidence of e
Slide 11: 2.El Palmar, northern Ecuador
2.El Palmar, northern Ecuador 3,671 Ha concession Highly prospective mineralised belt system related to the Toachi Fault Zone • 3-hour drive from Quito • 2.7Bt Alpala copper-gold porphyry deposit (0.53% CuEq) at Cascabel • Remote agricultural communities are • 0.53Bt Tandayama-America copper-gold po
Slide 12: 2.El Palmar: five porphyry gold-copper centres
2.El Palmar: five 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 • T3 results from holes EPDD026 and 028 are extremely significant ✓ First holes into a very large target deliv
Slide 13: 2.El Palmar – demonstrating T1 mining advantage
2.El Palmar – demonstrating T1 mining advantage • Cross section, same scale comparison with the 3Bt Alpala deposit at Cascabel (SolGold) • Depth to top of the main Alpala orebody is ~700m Any potential at- surface high-grade mine at T1 would have the advantage of generating early cash flow while dev
Slide 14: 3. Verde Chico is complimentary to El Palmar
3. Verde Chico is complimentary to El Palmar 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 from the 1990’s include: • Perdida vein - 6.
Slide 15: Momentum in Gold and Copper markets
Momentum in Gold and Copper markets Geopolitical and macroeconomic factors will continue to World is faced with enormous challenge to satisfy future drive up the price of gold global copper demand has been decades in the making ✓ Regional conflicts, trade restrictions, shift from USD ✓ New copper su
Slide 16: Ecuador – rapidly emerging mining jurisdiction
Ecuador – rapidly emerging mining jurisdiction Pro-responsible mining government • President actively encouraging responsible mining • Single national mining department Forms part of the worlds most endowed copper gold belt • Two world-class operating mines (including one of the world’s best gold de
Slide 17: Exemplary reputation, strong community support
Exemplary reputation, strong community support Sunstone appreciates the strong community support that it has at its projects and takes its environmental, social and governance issues very seriously. Inaugural Sunstone Sustainability Report released 27 November 2023 • Significant environmental monito
Slide 18: 2024 priorities amidst record gold/copper prices
2024 priorities amidst record gold/copper prices Bramaderos Accelerate drilling at Limon • Drilling to drive preparation for Limon MRE in 2025, and subsequent Limon + porphyry Scoping Studies • Additional porphyry and epithermal discovery opportunities • Exploration Target updates to enhance 10Mozs
Slide 19: 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 20: Bramaderos – targeting 10M+oz AuEq opportunity
Bramaderos – targeting 10M+oz AuEq opportunity LIMON - gold-silver epithermal and porphyry systems 1. Epithermal gold and silver system (2023 discovery) Exploration Target 0.9 – 1.7Moz AuEq at 0.9-1.2g/t AuEq*1 from surface 2. Identified porphyry gold-copper-silver system 97.6m at 0.71g/t gold and 0
Slide 21: 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 22: 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 dollars Density: Persons Per Sq Km 7
Slide 23: CALL EMAIL WEB
CALL EMAIL WEB ASX:STM +61 7 3368 9888 info@sunstonemetals.com.au sunstonemetals.com.au
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