Sunstone Metals Ltd · ASX:STM
Sunstone Metals — Noosa Mining & Exploration Conference 2021
20 slides from Sunstone Metals's conference presentation, Jul 14, 2021
Slide 1: For personal use only
For personal use only ASX STM July 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$35.4M A$28M 2,210M ~39% 3.7% MARKET CASH + EQUITY SHARES ON ISSUE TOP 20 SHAREHOLDERS BOARD & CAPITALISATION INVESTMENTS As at July 2021 Hold almost half of all MANAGEMENT At share price of A$0.016 As at July 2021 – sh
Slide 4: Investment Highlights
Investment Highlights For personal use only • Sunstone is undervalued o Market Capitalisation = ~A$35.4 mill (@1.6cps; 30 day VWAP) o Equity Investments + Cash = ~A$28 mill o Delivering Enterprise Value of Ecuador exploration projects = ~A$7.4 mill – we would argue, this is grossly undervalued • Sun
Slide 5: We are confident because …
We are confident because … For personal use only • Sunstone has a vision to build a gold-copper discovery business in Ecuador. Our strong funding position can help deliver the vision • Discovery adds significant value – investment return proposition is very compelling. Some discoveries are delivered
Slide 6: Ecuador: Building an exploration and mining sector
Ecuador Building an exploration and mining sector For personal use only New Presidential Guillermo Lasso is pro-responsible mining. New Minister for Energy and Non-Renewable Resources – Juan Carlos Bermeo. Vice-Minister Mines, Xavier Vera, recently appointed Ecuador is managing through the coronavir
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 appreciates the strong community support it has at its projects Sunstone has active environmental monitoring programs and is involved in various community programs at Bramaderos. At Bramaderos and El Palmar we have been
Slide 9: Bramaderos Project
Bramaderos Project Multiple Targets – Porphyry gold-copper and epithermal silver-gold For personal use only Multiple targets now being tested in Phase 2 of our exploration program 6 porphyry gold-copper systems have been identified and all are mineralized Currently drilling the Brama target Brama –
Slide 10: Brama Porphyry
Brama Porphyry Large gold-copper system at surface For personal use only • 10 effective drill holes - all mineralized, some ore grade • Longitudinal trench BM14 – 615.14m at 0.52g/t Au and 0.11% Cu, includes • 122.6m at 0.55g/t gold, 0.17% copper, and • 97m at 0.61g/t gold, 0.16% copper, and • 179.7
Slide 11: Brama Porphyry: Building tonnes, and testing other targets
Brama Porphyry Building tonnes, and testing other targets For personal use only • In BMDD001 ✓ 172m at 0.52g/t gold and 0.16% copper downhole, including ✓ 96.6m at 0.61g/t gold and 0.18% copper, and • Trench above CURI-03 returned ✓ 140.6m at 0.57g/t gold and 0.15% copper, including ✓ 68.2m at 0.8g/
Slide 12: Espiritu Epithermal Discovery
Espiritu Epithermal Discovery High grade narrow gold-silver-lead-zinc epithermal For personal use only • Drilling has delivered up to; • 2.4m at 104g/t silver, 0.7g/t gold, 3.4% zinc, 1.6% lead from 145.8m • 1.1m at 1069g/t silver, 0.2g/t gold, 5.5% zinc, 1.3% lead from 225.5m • 11.6m at 167g/t silv
Slide 13: El Palmar: Northern Ecuador
El Palmar Northern Ecuador For personal use only Staged Acquisition Agreement to secure 100% of the El Palmar property Prospective for porphyry copper-gold similar to the 2.7Bt Alpala deposit at Cascabel and the 1Bt Llurimagua deposit Trench No. Interval (m) Gold (g/t) Copper (%) 1 174 0.41 0.11 inc
Slide 14: El Palmar: Porphyry cluster; magnetics define new drill targets
El Palmar Porphyry cluster; magnetics define new drill targets For personal use only This is new data. Previous exploration was undertaken with no geophysical data. The first ground magnetic survey by Sunstone has delivered a compelling drill target 14
Slide 15: El Palmar: Drilling about to start
El Palmar Drilling about to start For personal use only Drilling will commence soon Finalising logistical support issues Good access Ground magnetics completed Soil sampling in progress 15
Slide 16: El Palmar: Locally outcropping Porphyry but with cover
El Palmar Locally outcropping Porphyry but with cover; Auger soil sampling effective For personal use only 16
Slide 17: El Palmar: Locally outcropping Porphyry but with cover
El Palmar Locally outcropping Porphyry but with cover; Auger soil sampling effective For personal use only 17
Slide 18: El Palmar: Drill target definition
El Palmar Drill target definition For personal use only Integrated magnetics, 3-D modelling, reconnaissance geological observations, and soil sampling results are guiding drill targeting Compelling targets defined; magnetics signature similar to some of the great porphyry deposits 2,000m drill progr
Slide 19: What's Ahead
What’s Ahead For personal use only ✓ 2021 - Discovery focused, multiple drill targets, strong funding position, increased marketing ✓ Bramaderos July-August – Brama drilling, chasing higher-grade, defining geometries Q4 – develop deposit geometry model, refine drill targets at Limon and Melonal, to
Slide 20: 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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