Sunshine Metals Limited · ASX:SHN
Sunshine Metals — Noosa Mining Conference 2022
20 slides from Sunshine Metals's conference presentation, Jul 20, 2022
Slide 1: Noosa Mining Conference
Noosa Mining Conference 20 July 2022 CHALCOPYRITE IN RC CHIPS, BANK, 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 $0.030 PhD (Struct. Geo), MAIG exploration success at Spectrum Metals, Black Cat Syndicate, Silver Lake Reso
Slide 4: Investment Case
Investment Case • Large Queensland holding in under explored Tier 1 jurisdiction • Leverage to multiple high value metals • Highly active explorer zK` � f ∆∆Œ Æ� • JORC Au Resource at Triumph - excellent growth potential • Emerging 15km Cu-Au-Ag-Mo corridor, Ravenswood West • Rare Earths (Nd,Pr) & A
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 • Initial JORC Resource 118koz @ 2.0g/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 • 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 • Large upside potential, especially in Southern Corridor (~20% drilled) • Positive metallurgical test work results • Drilling
Slide 7: Triumph Geology
Triumph Geology • Intrusion-related gold system • Typically large systems e.g. Mt Rawdon (2.5Moz Au) • 6km long Southern Corridor: • Historic workings • Coincident low magnetic response • Drill tested ~1.2km to date • Further corridor-scale targets: • Galena - Advance • Bonneville • Far North • Mine
Slide 8: Ravenswood West Cu-Au-Ag-Mo-REE Project
Ravenswood West Cu-Au-Ag-Mo-REE Project • 100 km south of Townsville • SHN Office • District produced over 20 Moz Au • Adjacent the 6.6 Moz Ravenswood Gold Mine (EMR & GEAR) • Highly prospective for: • large porphyry Cu-Au-Ag-Mo deposits • intrusion related gold deposits • alkali granite rare earth
Slide 9: Cu-Au-Ag-Mo Targets
Cu-Au-Ag-Mo Targets • ~15km long Cu-Au-Ag-Mo corridor along a major regional fault • Targets at structural intersections • Limited drilling since 1960’s • 60’s drilling assayed for Cu and Mo only Systematically progressing exploration across multiple targets 9
Slide 10: Cu-Au-Ag-Mo Titov
Cu-Au-Ag-Mo Titov • 8 RC & 1 DD hole drilled (2,051.5m) • System defined over 350m strike to 350m depth, average thickness ~90m • Best intersections; 66m @ 0.38% Cu, 0.42% Mo (2.10% recov. CuEq) 121m @ 0.35% Cu, 0.11% Mo (0.75% recov CuEq) • Positive preliminary metallurgy • IP survey completed and
Slide 11: Cu-Au-Ag-Mo Gagarin
Cu-Au-Ag-Mo Gagarin • IP survey completed June 2022 • Results pending • Rock Chips include; Sample GG001: 10.96% Cu, 0.48 g/t Au, 4.61 g/t Ag, 1,048 ppm Mo Sample GG013: 4.31% Cu, 0.45 g/t Au, 3.01 g/t Ag, 414 ppm Mo (below) 11
Slide 12: Cu-Au-Ag-Mo Keans
Cu-Au-Ag-Mo Keans • 15 RC hole drilled (1,830m) • Best intersections; 12m @ 1.43% Cu, 33.07 g/t Ag, 0.03% Mo 6m @ 0.49% Cu, 2.06 g/t Au, 4.96 g/t Ag, 0.10% Mo 21m @ 0.37% Cu, 1.53 g/t Ag, 0.13% Mo • IP and mapping follow up in late 2022 12
Slide 13: Cu-Au-Ag-Mo Bank
Cu-Au-Ag-Mo Bank • Historic Cu/Mo soil and IP anomaly on mapped porphyry • 5 RC holes drilled (716m) Potassic alteration, quartz veining and chalcopyrite 22BKRC004, 96-99m 13
Slide 14: Cu-Au-Ag-Mo Bank
Cu-Au-Ag-Mo Bank • Undrilled since 1970’s • Two holes targeted 1970 IP anomaly • 22BKRC001 - 96m of disseminated & vein hosted py±cpy±mo Bank • Strong potassic alteration throughout • Three holes targeted significant Cu soil anomalism • 22BKRC003 - 92m of disseminated & vein hosted py±cpy±mo, strong
Slide 15: Wilburs Hill Au
Wilburs Hill Au Analogue: Mt Leyshon (3.5Moz) / Mt Wright (1Moz) Common features: Titov Topographic high Mag Reversal Anomaly Smiths Sulphidic Breccias Au, Ag, Bi, Te anomalism Wilburs Hill • IP/MT survey in progress ($92k CEI Grant awarded for IP/MT) • Drilling in July-August 2022
Slide 16: Breccia Au Regional
Breccia Au Regional Om : grr a a m — aoe ———— 9 Mt Wright GRANITE -100m Gold Deposit -200 m “ue » 500m mn -300m ” Charters Towers 5 (6.5 He ‘ag . BRECCIA & maa fe aft z RHYOLITE -400 m -500 m |-600m -700 m L BB + 20¢/tau -- 4 800m Pajingo (4 Moz) + t06/tau : re |-900m [J +osetau Meso/Epithermal Au a
Slide 17: Elphinstone Creek Rare Earths - Au
Elphinstone Creek Rare Earths - Au • Anomalous Rare Earth and Au in stream Bank samples • Barrabas Adamellite source of Rare Earths 25.0 g/t Au • Soil sampling the 27km2 intrusion Turkey Gully complete • Awarded $38k CEI Grant - soils assay costs • High neodymium (Nd) and praseodymium (Pr) content •
Slide 18: Upcoming Newsflow
Upcoming Newsflow • July 2022 IP Results Gagarin/Titov Results of REE study and soils Elphinstone Creek • August/September 2022 RC Drill results Diamond Core from Super Hans Wilburs Hill IP/MT survey results Bank and Wilburs Hill follow up drilling program EM & magnetic surveys Investiga
Slide 19: Summary
Summary • Highly prospective projects in under explored Tier 1 jurisdiction • Experienced, successful management team, North Queensland based • Highly active explorer - 26km of drilling to date, delivered encouraging results • Leverage to multiple high value metals 19
Slide 20: 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 20