Sunstone Metals Ltd · ASX:STM
Sunstone Metals — Noosa Mining Conference 2024
25 slides from Sunstone Metals's conference presentation, Jul 17, 2024
Slide 1: Noosa Mining Conference Presentation
Noosa Mining Conference Presentation STM 17-19 July 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 3,852M Market Capitalisation 1 A$39M1 Cash and Equities 2 ~A$1.9M4 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 Patrick Duffy was appointed MD and CEO on 15 April 2024 Graham Patrick Duffy Malcolm Norris Neal O’Connor Stephen Stroud Ascough Managing Director Executive Director Non-Executive Non-Executive Non-Exec Chair & CEO (Apr-2
Slide 6: Bramaderos, Southern Ecuador
1.Bramaderos, Southern Ecuador ➢ 4,984 ha concessions at ~900m above sea level (asl) ➢ The project is supported by excellent infrastructure ✓ Adjacent to the Pan American Highway ✓ ~100km’s from Loja Airport ➢ 93% of Ecuador’s power is generated from renewables ✓ Potential for low-carbon footprint m
Slide 7: Bramaderos – targeting 10M+oz AuEq
1.Bramaderos – targeting 10M+oz AuEq 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 Brama Alba,
Slide 8: 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 • Attractive mining metrics Brama ✓ Very low strip ratio ✓ Higher grade do
Slide 9: Limon high-grade at-surface discovery
1.1 Limon high-grade at-surface discovery Limon is a very significant discovery - delivers the potential at-surface higher- grade front end for a larger multi-decade development at Bramaderos • Large 1.7km x 1.0km alteration zone of Hills in background epithermal gold-silver-base metal mineralisatio
Slide 10: Limon drilling to establish inaugural Resource
1.1 Limon drilling to establish inaugural Resource Hills in background 10
Slide 11: Pathway to a multi-decade mining centre
1.2 Pathway to a multi-decade mining centre Bramaderos is a world-class gold and copper discovery with multiple pathways to establishing a large 10M+oz AuEq mining centre in southern Ecuador Stage 1: Limon to provide the 1. Limon Epithermal Establish Limon revenue and balance sheet epithermal as a h
Slide 12: El Palmar & Verde Chico, northern Ecuador
2.El Palmar & Verde Chico, northern Ecuador 3,671 Ha under two concessions • 3-hour drive from Quito • Remote agricultural communities are supportive of project Highly prospective mineralised district related to the Toachi Fault Zone • 2.7Bt Alpala copper-gold porphyry deposit (0.53% CuEq) at Cascab
Slide 13: El Palmar: five porphyry gold-copper centres
2.1 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 del
Slide 14: El Palmar – demonstrating its mining potential
2.1 El Palmar – demonstrating its mining potential • 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
Slide 15: Verde Chico is complimentary to El Palmar
2.2 Verde Chico is complimentary to El Palmar Potential to define both porphyry copper-gold and epithermal gold opportunities Exploration at Verde Chico has commenced with initial follow-up to the known high-grade gold mineralisation Historical exploration from the 1990’s includes: • Perdida vein -
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 • 2 world-class operating mines – Fruta del Norte, Mirador • All majors pre
Slide 17: Ecuador – with a low-cost strategic advantage
Ecuador – …with a low-cost strategic advantage Ecuador has two world-class, lowest cost-quartile Comparable energy prices (Dec 2023)1 $0.25 $1.50 operating mines $1.17 $1.06 • Fruta del Norte Gold Mine (Lundin Gold) $0.20 $1.01 $1.20 US$/litre US$/kWh • Mirador Copper Mine (Chinese-owned) $0.15 $0.9
Slide 18: 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 19: 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 10M+ozs
Slide 20: 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 21: 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 22: 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 23: 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 24: 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 25: Call Email Web
CALL EMAIL WEB ASX:STM +61 7 3368 9888 info@sunstonemetals.com.au sunstonemetals.com.au