Sunshine Metals Limited · ASX:SHN
Sunshine Metals — Gold Coast Investor Showcase (June 2023)
22 slides from Sunshine Metals's conference presentation, Jun 22, 2023
Slide 1: Landmark Acquisition: Ravenswood Consolidation
Gold Coast Investor Showcase Landmark Acquisition Ravenswood Consolidation Damien Keys, Managing Director shngold.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 $A0.014c A$14.8m 20 June 2023 20 June 2023 52 week high $0.036, low $0.012 Shares on issue Cash 1,059.7m A$5.6m 20 June 2023 5 May 2023 Unlisted options Debt 105.6m A$0.0m (Ex $0.03) 20 June 2023 Performance Rights Directors’ Investment 8.5m A$3.2
Slide 4: Queensland projects. Big system potential
Queensland projects. Big system potential. 01 Highly prospective projects in under explored districts 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 encouraging result
Slide 5: 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 6: North Queensland based technical team
North Queensland based technical team Agile team committed to making Queensland’s next discovery Matt Price Exploration Manager MSc, MAIG Matt has extensive experience within Queensland having explored the Mt Isa and Charters Towers provinces for copper, gold, lead-zinc, uranium and rare earth eleme
Slide 7: Ravenswood Consolidated
Ravenswood Townsville Sunshine Gold office Consolidated Zn refinery Zn-Pb-Cu-Au-Mo Cu refinery District produced over Prospective breccia gold corridor 20 Moz Au and 14 Mt of Mt Wright Charters Towers 1 Moz Au Zn-Pb-Cu VMS ore 6.5 Moz Au Ravenswood Mt Leyshon 4 Moz Au produced • SHN control ~80% of
Slide 8: 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 gold1 $3.5m | +$2m milestones | 100% 50 Koz Au1 653 sqkm
Slide 9: Large landholding in a prolific base metals/gold district
Large landholding in a prolific Titov base metals/gold district Cu-Au-Ag-Mo Wilbur’s Hill Limited recent exploration Au Mt Wright 1 Moz Au 1760km2 Charters Towers Ravenswood 6.5 Moz Au 5.6 Moz Au 15km Cu-Au-Ag-Mo corridor Mt Leyshon 3.5 Moz Au Thalanga 10Mt Zn-Pb-Cu Waterloo 0.7Mt Zn-Cu-Pb-Au Orient
Slide 10: Liontown Project: Resource Growth Potential
Liontown Project Resource Growth Potential • ~80km of prospective strat VMS Cu-Au Coronation horizon that hosts Thalanga, Liontown and Highway Reward. VMS IP Liontown East \ Blenheim | Leopardtown | Snowleopard • Greater Liontown: 4.94Mt @ Epithermal Au Western Orogenic Au 12.0% ZnEq Resource and 30
Slide 11: Liontown Project: Room for another Liontown East
Liontown Project Room for another Liontown East Landmark acquisition. Ravenswood Consolidation ASX SHN | 11
Slide 12: Liontown historic drilling: unreleased drilling assays
Liontown historic drilling Unreleased drilling assays 5,948.6m (26 holes) of drilled but unreleased results - estimated cost of drilling >$1m. Drilling is Resource Infill and Extensional • Assay results received for 2,197m (11 holes). • Multiple intersections in each drill hole • Cu – Au rich footwa
Slide 13: Liontown historic drilling: best results
Liontown historic drilling Unreleased drilling assays Assay results received for 2,197m (11 holes). Best results include: BHID From To Interval Cu % Pb% Zn% Au (g/t) Ag (g/t) % ZnEqLode LTDD22054 195 200.3 5.30 1.36 0.99 2.46 4.95 12.39 14.46Gap Lode LTDD22055 152.2 160.3 8.1 0.16 0.25 0.28 10.65 3.
Slide 14: Tigertown and Cougartown
Tigertown and Cougartown Large gold system potential 3m @ 3.41 g/t Au, 10g/t Ag (33m) 1m @ 1.81 g/t Au, 181g/t Ag (3m) 3m @ 1.89 g/t Au, 24g/t Ag (12m) 2m @ 1.93 g/t Au, 9.54% Zn, 2.06% Pb (54m) 3m @ 1.80 g/t Au, 1g/t Ag (24m) 1m @ 1.24 g/t Au, 37g/t Ag (13m) Carrington Au shaft 9m @ 1.35 g/t Au, 7g
Slide 15: 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: • 4Mt @ 6.2% Cu, 1 g/t Au, mined 1987-2005 • Pipe-like
Slide 16: 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 June 2023 quarter. 15km Cu-Au-Mo porphyry corridor targets • Titov: <100m Exploration Target: 5-8
Slide 17: Ravenswood West: Lighthouse farm-in
Ravenswood West Lighthouse farm-in Hosts a number of major targets led by Plateau breccia Au, geologically analogous to the 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 and, Au importantl
Slide 18: Triumph Au Project
Triumph Au Project 118koz Au shallow Resource defined with significant upside Initial JORC Resource 118 Koz @ 2.03 g/t Au • 2,500m RC drilling program in progress • Typically large systems - eg. Ravenswood, (5.6Moz Au) Mt Rawdon (2.5Moz Au) • 6km long Southern Corridor: Historic workings Coincid
Slide 19: Catalysts
Catalysts New Discovery Ravenswood Consol. VMS-Au Resource • VMS near Liontown or Waterloo from growth at 25 IP targets Resource Growth Ravenswood Consol. • Cu-Au at Coronation (DeGrussa style) Triumph Au • Gap Zone between Liontown – New Discovery Liontown East • Au-rich lodes at Liontown FW, Trium
Slide 20: Queensland projects. Big system potential
Queensland projects. Big system potential. 01 Highly prospective projects in under explored districts 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 encouraging result
Slide 21: Contact us
Contact us 1 / 23 Mackley St, Garbutt, QLD, 4814 +61 8 6245 9828 admin@shngold.com.au www.shngold.com.au LinkedIn www.linkedin.com/company/70551686 Facebook Sunshine Gold Ltd Twitter #SunshineGold20 ASX SHN 21
Slide 22: Resource Table
• Met testwork indicates recoveries of: Copper 80%, Lead 70%, Zinc 88%, Resource Table Gold 65%, Silver 65% • New price assumptions: Copper US$3.80 / lb, Lead US$0.90 / lb, Zinc Emerging ASX Base Metals Player – 4.94Mt @ 12.0% ZnEq. US$1.10 / lb, Gold $1800 / oz, Silver $20 / oz • Old price assumpti
Sunshine Metals — Gold Coast Investor Showcase (June 2023) on 6ix