Sunstone Metals Ltd · ASX:STM
Sunstone Metals — Noosa Mining Unearthed (November 2021)
23 slides from Sunstone Metals's conference presentation, Nov 11, 2021
Slide 1: Sunstone Metals Investor Presentation
For personal use only ASX STM 11 November 2021
Slide 2: 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 3: Corporate
Corporate For personal use only Listed on the Australian Stock Exchange ASX:STM A$158M A$20M 2,210M ~39% 4.8% MARKET CASH + EQUITY SHARES ON ISSUE TOP 20 SHAREHOLDERS BOARD & CAPITALISATION INVESTMENTS As of November 2021 Hold almost half of all MANAGEMENT At share price of A$0.071 As of November sh
Slide 4: Investment Highlights
Investment Highlights For personal use only • Well funded junior, has a track record of discovery, has delivered recent discovery success • Sunstone holds 51%, and is acquiring 100%, of the El Palmar Gold-Copper porphyry project in northern Ecuador o Through a Staged Acquisition Agreement based on c
Slide 5: The Team
The Team A high-quality team in Ecuador and Australia For personal use only • A well qualified and focussed team in Ecuador, comprising 100% Ecuadorians, working across the El Palmar and Bramaderos Projects • The team in Ecuador is expanding and covering all aspects of corporate, social, environment
Slide 6: Ecuador: Building an exploration and mining sector
Ecuador Building an exploration and mining sector For personal use only New President, Guillermo Lasso, is a supporter of responsible mining Ecuador is managing through the coronavirus pandemic, with over 60% of the population fully vaccinated Mining is now playing an important part in Ecuadorian ec
Slide 7: Ecuador: Exploration and development is active
Ecuador Exploration and development is active For personal use only Fruta del Norte Lundin Gold (TSX:LUG) High grade underground gold mine; Reserve of 20.8Mt at 8.1g/t gold + 11.8g/t silver; 5.4Moz gold In production; 2021 guidance 380,000 - 420,000 ounces gold; AISC US$800/ounce; 10.4g/t head grade
Slide 8: Community, Safety and Environment
Sunstone Metals Community, Safety and Environment For personal use only Sunstone takes its environmental, social and governance issues very seriously and is committed to improving the quality of life in the areas where we work Sunstone • has significant environmental monitoring programs across it pr
Slide 9: Project: Within a mineralised belt in northern Ecuador
El Palmar Project Within a mineralised belt in northern Ecuador For personal use only Prospective for porphyry copper-gold similar to the 2.7Bt Alpala deposit at Cascabel and the 1Bt Llurimagua deposit Recent discovery holes drilled by Sunstone EPDD001: ▪ 163.55m at 0.71g/t gold and 0.20% copper (1.
Slide 10: Project: Active, and expanding, exploration program
El Palmar Project Active, and expanding, exploration program For personal use only Good access with upgraded Soil sampling in progress Ground magnetics completed roads across several targets across concession 10
Slide 11: Project drill holes completed, 6th in progress
El Palmar Project 5 drill holes completed, 6th in progress For personal use only 11
Slide 12: Project: What do the discovery results mean?
El Palmar Project What do the discovery results mean? For personal use only We are optimistic that El Palmar could be a large gold copper porphyry deposit Mineralisation from surface Very significant vertical extent from magnetic modelling Copper-gold-silver-magnetic susceptibility all correlate – g
Slide 13: Project: Locally outcropping porphyry but with cover
El Palmar Project Locally outcropping Porphyry but with cover; Auger soil sampling effective For personal use only 13
Slide 14: Drill targets defined, scale and potential will become evident
El Palmar Drill targets defined, scale and potential will become evident For personal use only El Palmar – main Alpala, Cascabel target; drill holes and (SolGold) – x- vertical slice through section of bornite magnetic model and chalcopyrite- pyrite ratio; and Upper 400m of sub- showing CuEq grade 5
Slide 15: Drill targets defined, scale and potential will become evident
El Palmar Drill targets defined, scale and potential will become evident For personal use only 3-D mag model of the main central target area - looking north Magnetics and soil sampling defined target 800m Current drilling target Current phase of drilling has discovered a ‘shallow’ mineralised system
Slide 16: Additional targets being defined for drilling in 2022
El Palmar Project Additional targets being defined and prepared for drilling in 2022 For personal use only • Magnetics and historical rock chip results identify areas of interest • 2km long cluster of targets identified to date • 4 Additional Porphyry Targets • 6 Epithermal Targets • Reconnaissance
Slide 17: Bramaderos Project
Bramaderos Project Multiple Targets – Porphyry gold-copper and epithermal silver-gold For personal use only 6 porphyry gold-copper systems have been identified and all are mineralized Currently drilling the Brama target Brama – existing drilling; ore grade intercepts Limon – existing drilling; drill
Slide 18: What's ahead in 2021 and into 2022
Sunstone Metals What’s ahead in 2021 and into 2022 For personal use only ✓ 2021-22 – Demonstrate significant upside to El Palmar discovery, no near-term plans for raising capital ✓ El Palmar Q4, 2021 • drilling (2nd rig to be added early December), • assays from holes EPDD002 & 3 – November; • drill
Slide 19: Additional Slides
For personal use only Additional Slides 19
Slide 20: Project: still early days, building an understanding of the geology
El Palmar Project still early days, building an understanding of the geology, petrography samples in the laboratory, For personal use only multiple intrusive phases identified 0.43g/t Au / 0.18% Cu 1.6g/t Au / 0.30% Cu 0.42g/t Au / 0.16% Cu EPDD001: 304m EPDD002 256m. 1.03g/t Au / 0.33% Cu 0.22g/t A
Slide 21: Brama Porphyry: Building tonnes, and testing other targets
Brama Porphyry Building tonnes, and testing other targets For personal use only ON PAGE 22 - AuEq is calculated on a gold and copper basis only, using metals prices at 28th September 2021, being US$1,750/oz gold, US$4.29/lb copper using the formula: (gold grade in g/t) + 1.68 * (Cu grade in %). No m
Slide 22: Brama Porphyry: Large gold-copper system at surface
Brama Porphyry Large gold-copper system at surface For personal use only • 16 effective diamond drill holes to date - all mineralized, some ore grade • Longitudinal trench BM14 – 615.14m at 0.52g/t gold and 0.11% copper (0.7g/t AuEq), including • 122.6m at 0.55g/t gold, 0.17% copper (0.84g/t AuEq),
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
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