Sunstone Metals Ltd · ASX:STM
Sunstone Metals — Resource Rising Stars Investor Briefing (December 2021)
19 slides from Sunstone Metals's conference presentation, Dec 8, 2021
Slide 1: Resource Rising Stars Investor Briefing
For personal use only ASX STM 8 December 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$203M A$19M 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$0.091 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 across 2 projects • Sunstone holds 51%, and is acquiring 100%, of the El Palmar Gold-Copper porphyry project in northern Ecuador o Through a Staged Acquisition Ag
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 70% 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 • Highly prospective belt of rocks related to the Toachi Fault Zone • Together with orthogonal structural control delivers target zones for porphyry mineralisation • To date includes the 2.7Bt Alpala copper-gold po
Slide 10: Active, and expanding, exploration program
El Palmar Project Active, and expanding, exploration program For personal use only Upgraded road access; soil sampling in progress; ground magnetics completed; drilling with 2 rigs in progress 11
Slide 11: Initial drill hole assays deliver a significant discovery
El Palmar Project Initial drill hole assays deliver a significant discovery For personal use only From (m) To (m) Interval (m) Au (g/t) Cu (%) Mo (ppm) Ag (g/t) Drill Hole EPDD001 11.30 492.15 480.85 0.41 0.15 3.40 0.74 incl 52.35 215.90 163.55 0.71 0.20 1.39 1.14 incl 66.90 96.80 29.90 0.73 0.20 0.
Slide 12: What do the discovery results mean?
El Palmar Project What do the discovery results mean? For personal use only Mineralisation from surface Very significant vertical extent from magnetic modelling Copper-gold-silver- magnetic susceptibility all 500m correlate – guides initial exploration Hints to expect higher copper values elsewhere
Slide 13: Drilling progressing very well, scale and potential will become evident
El Palmar Drilling progressing very well, scale and potential will become evident For personal use only El Palmar – main Alpala, Cascabel target; drill holes and (SolGold) – vertical slice through x-section of bornite magnetic model and chalcopyrite- 500m pyrite ratio; and Upper 500m of sub- showing
Slide 14: Additional targets being defined and prepared for drilling in 2022
El Palmar Project Additional targets being defined and prepared for drilling in 2022 For personal use only • 2.5km long cluster of porphyry targets identified to date • First results in the coming days • Several Epithermal Targets • Reconnaissance underway Gold in rock chips 14
Slide 15: 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 16: Bramaderos Project: Multiple Targets
Bramaderos Project Multiple Targets – Porphyry and epithermal gold and gold-copper For personal use only Alba – high-grade gold discovery; drilling now Brama – Sunstone drilling; ore grade porphyry intercepts Limon – Sunstone drilling; drilled the margins of a porphyry, and drilled a mineralised hig
Slide 17: Bramaderos Project: Alba Target, high-grade gold
Bramaderos Project Alba Target – High-grade gold – drilling now For personal use only 300m 17
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 2021 – Q1 2022 • drilling - 2nd rig on site • assays from holes EPDD004, 005, 006 in early February • drill h
Slide 19: 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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