Sunshine Metals Limited · ASX:SHN
Sunshine Metals — Australian Gold Conference (August 2023)
20 slides from Sunshine Metals's conference presentation, Aug 29, 2023
Slide 1: Multiple Catalysts Ahead
Australian Gold Conference Multiple Catalysts Ahead Damien Keys Managing Director 29 August 2023 shnmetals.com.au ASX:SHN
Slide 2: Cautionary statement
Cautionary statement This presentation includes forward-looking statements. When used in this document, the words such as "could", "plan", "estimate", "expect", The information in this report that relates to Exploration Results is based on, and fairly represents, information compiled by Mr Matt Pric
Slide 3: Corporate Snapshot
Corporate Snapshot Share price Market capitalisation $0.018 $18.0m 24 August 2023 24 August 2023 52 week high $0.034, low $0.012 Shares on issue Cash 1,059.7m $3.3m 24 August 2023 As at 30 June 2023 Unlisted options Directors’ Investment 105.6m $3.2m (Ex $0.03) Performance Rights 8.5m Queensland pro
Slide 4: Strong Leadership
Strong Leadership Extensive experience in the resources sector, including project acquisition, development and operations Damien Keys Alec Pismiris Anthony Torresan Paul Chapman Les Davis Managing Director Non-Exec Chairman Non-Exec Director Non-Exec Director Non-Exec Director CoSec | CFO PhD (Struc
Slide 5: Queensland projects. Big system potential.
Queensland projects. Big system potential. 01 Large, high-grade Resource with significant low-risk growth potential Cairns 02 Experienced, successful management team, North Queensland based Townsville Sunshine Gold office 03 Highly active explorer - 35km of drilling Mount Isa to date, delivered enco
Slide 6: Ravenswood Consolidated: Location and Infrastructure
Ravenswood Consolidated Location and Infrastructure Large holding in prospective district: • 20Moz Au and 14Mt Cu-Zn-Au-Pb produced Townsville facilities: • SHN head office • Cu and Zn refineries • Concentrate export port • $75M critical metals common user facility Through project: • CuString power
Slide 7: Ravenswood Consolidation
Ravenswood Consolidation Building a district presence Ravenswood Consolidated Greater Liontown May 2023 Lighthouse May 2023 1,760 sqkm Ravenswood West 684 sqkm January 2023 4.94 Mt @ 12.0% ZnEq2 4.94 Mt 50 Koz April 2021 423 sqkm @ 12.0% ZnEq2 Au1 $3.25m | +$2m milestones | 100% 50 Koz Au1 653 sqkm
Slide 8: Resource Table
Resource Table * Recoverable metal equivalent calculated • Met testwork indicates recoveries of: Copper 80%, Lead 70%, Zinc 88%, Gold 65%, Silver 65% • New price assumptions: Copper US$3.80 / lb, Lead US$0.90 / lb, Zinc US$1.10 / lb, Gold Emerging ASX Base Metals Player – 4.94Mt @ 12.0% ZnEq. # US$1
Slide 9: Liontown Project
Liontown Project Room for another Liontown East Queensland projects. Big system potential. ASX SHN | 9
Slide 10: Liontown Diamond Drilling
Liontown Diamond Drilling BHID From To Interval Cu % Pb% Zn% Au (g/t) Ag (g/t) %ZnEq AuEq (g/t) 25 unreleased DDHs LTDD22057A 173.4 184.35 11 0.9 5.1 9.2 1.7 179 19.02 7.82 LTDD22055 152.2 160.3 8.1 0.2 0.3 0.3 10.7 4 17.77 7.28 LTDD22070 94 101 7 0.4 5.0 11.9 2.5 15 18.61 7.62 LTDD22080 79 89.1 9 1
Slide 11: Liontown Resource Update
Liontown Resource Update Additional Resource drilling intercepts Queensland projects. Big system potential. ASX SHN | 11
Slide 12: Tigertown and Cougartown
Cougartown 3m @ 3.41 g/t Au (33m) 1m @ 1.81 g/t Au, 181g/t Ag (3m) 3m @ 1.89 g/t Au (12m) 2m @ 1.93 g/t Au, 9.54% Zn, 2.06% Pb (54m) 3m @ 1.80 g/t Au (24m) 1m @ 1.24 g/t Au (13m) Carrington Au shaft 9m @ 1.35 g/t Au (15m) Trenching to 34.7 g/t Au Carrington 33m @ 1.95 g/t Au (12m) 17m @ 3.05 g/t Au
Slide 13: Coronation Cu-Au VMS
Coronation Cu-Au VMS Analogous to high-grade Cu-Au Highway-Reward and DeGrussa mines * RVR ASX Release 30 November 2021 “November 2021 Presentation” Four distinct pipe-like magnetic and gravity anomalies 2.7km north of Highway-Reward Cu-Au Mine: • 3.9Mt @ 5.4% Cu, 1.1 g/t Au, mined 1987-2005 • Pipe-
Slide 14: Highway-Reward Pipes
Highway-Reward Pipes (3.9Mt @ 5.4% Cu, 1.1 g/t Au) REWARD OXIDE AU 0.1Mt @ 4.6g/t Au REWARD SUPERGENE 0.54Mt @ 9.6% Cu, 1.4g/t Au Queensland projects. Big system potential. ASX SHN | 14
Slide 15: Coronation History
Coronation History Untested Geochemical & Geophysical Anomalism Silica-pyrite-sericite alt. • Barite Veining • High soil Cu (orange dashed), Pb (blue dashed) • Au in Rock Chip Sampling (>5g/t Au red, >0.5g/t Au yellow) • Gravity anomalies (pink shells) • Historic IP chargeable anomaly • Drilling nea
Slide 16: Ravenswood West
Ravenswood West Lighthouse farm-in Hosts a number of major targets led by Plateau breccia Au, geologically analogous to 1Moz Mt Wright Gold Mine. Double Event Au • Plateau Resource 50koz @ 1.66g/t Au# Horse Creek Au Upper Lighthouse • Resource remains open at depth and along strike Au Plateau Au Car
Slide 17: Ravenswood West
Ravenswood West Original tenements Intrusion related and orogenic Au targets • Wilbur’s Hill - Breccia hosted Mt Wright (1Moz) and Mt Leyshon (3.5Moz) analogue. • Two refined targets to be RC drilled in Sept 2023 quarter. 15km Cu-Au-Mo porphyry corridor targets • Titov: <100m Exploration Target: 5-8
Slide 18: Next Six Months High Impact Activity
Next Six Months High Impact Activity Big exploration targets and Resource growth 2023 2024 September -October December March Discovery RC Drilling: Liontown Discovery RC Drilling Coronation Cu-Au Met testwork 3 IP targets Tigertown Au Resource upgrade Trooper Creek Au Wilburs Hill Au November Januar
Slide 19: Queensland projects. Big system potential.
Queensland projects. Big system potential. 01 Large, high-grade Resource with significant low-risk growth potential Cairns 02 Experienced, successful management team, North Queensland based Townsville Sunshine Gold office 03 Highly active explorer - 35km of drilling Mount Isa to date, delivered enco
Slide 20: Contact us
Contact us 1 / 23 Mackley St, Garbutt, QLD, 4814 +61 8 6245 9828 admin@shnmetals.com.au www.shnmetals.com.au LinkedIn www.linkedin.com/company/70551686 Facebook Sunshine Metals Ltd Twitter #SunshineGold20 ASX SHN 20
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