Sunshine Metals Limited · ASX:SHN
Sunshine Metals — Brisbane Resources Industry Discussion (April 2022)
19 slides from Sunshine Metals's conference presentation, Apr 5, 2022
Slide 1: Brisbane Resources Industry Discussion
Brisbane Resources Industry Discussion 5 April 2022 TITOV CU-AU-AG-MO, RAVENSWOOD WEST PROJECT ASX: SHN
Slide 2: Disclaimer & Disclosure
Disclaimer & Disclosure This presentation includes forward-looking statements. When used in this document, the words such as "could", "plan", "estimate", "expect", "intend", "may", "potential", "should" and similar expressions are forward-looking statements. Although Sunshine Gold Ltd. (“Sunshine Go
Slide 3: Corporate Overview
Corporate Overview Corporate Information Board of Directors ASX Code SHN Damien Keys Geologist with over 20 years mining and Managing Director exploration experience. Led teams to Share Price $0.044 PhD (Struct. Geo), MAIG exploration success at Spectrum Metals, Black Cat Syndicate, Silver Lake Reso
Slide 4: Investment Case
Investment Case • Large land holding in under explored Tier 1 jurisdiction Limited historical work on 4 highly prospective project areas • Leverage to multiple high value metals Gold, Copper, Molybdenum, Silver, REE • Well funded and highly active explorer $4.9m cash (31 Dec 2021), ~24km drill
Slide 5: Project Portfolio
Project Portfolio TRIUMPH GOLD PROJECT (100%) • 15km² intrusion related gold/orogenic system under shallow alluvial cover • 2 granted EPM’s, spanning 138 sqkm • Maiden JORC Resource 118koz @ 2.03 g/t Au RAVENSWOOD WEST Au, Cu, Ag, Mo & REE PROJECT (100%) • Prospective for porphyry Cu-Au-Mo, intrusio
Slide 6: Triumph Gold Project
Triumph Gold Project • 50 km south of Gladstone mining centre • 16,481m drilling completed • 43% of total drill metres in project • Maiden JORC Resource of 118 koz @ 2.03 g/t Au • >85% Resource ounces <100m depth • $24.22 /oz (acquisition & discovery cost) • Resource within 16 months of listing • Hu
Slide 7: Triumph RC Drilling Campaign
Triumph RC Drilling Campaign • Tested a suite of prospects, focussing on the “Southern Corridor” • Southern Corridor comprises Super Hans, Big Hans, South Constitution and New Constitution • Sunshine Gold Southern Corridor RC results include; • 16 m @ 8.44 g/t Au (38m, 22SHRC018) • 4 m @ 27.12 g/t A
Slide 8: Southern Corridor Resource Potential
Southern Corridor Resource Potential
Slide 9: Northern Corridor Resource Potential
Northern Corridor Resource Potential
Slide 10: Ravenswood West Cu-Au-Ag-Mo-REE Project
Ravenswood West Cu-Au-Ag-Mo-REE Project • 100 km south of Townsville • Acquired in late March 2021 • Greater district produced over 20 Moz Au • Adjacent the 6.6 Moz Ravenswood Gold Mine (EMR). > $450M being spent on recommissioning • Highly prospective for intrusion related and orogenic gold deposit
Slide 11: Cu-Au-Ag-Mo Targets
Cu-Au-Ag-Mo Targets • Active since April 2021, conducting early stage field work and reconnaissance drilling across the entire tenure. • ~15km long Cu-Au-Ag-Mo corridor with multiple key targets • Drilling in 1950’s & 1960’s confirmed broad zones of Cu-Mo, not assayed for Au-Ag • Large scale targets
Slide 12: Titov Cu-Ag-Mo
Titov Cu-Ag-Mo • Malachite-stained granodiorite with abundant quartz veins • Defined over 350m strike & 350m depth • 8 RC holes (1,550m) and 1 diamond hole (501.5m) drilled • Diamond hole confirmed mineralisation style, thickness and orientation • Metallurgical test work in progress • Historic 1969
Slide 13: Titov Diamond Core SHN
Titov Diamond Core SHN • Intersected main mineralised target at 297m • ~ 200m down dip of the previous deepest Molybdenite hole Chalcopyrite • 84m zone of intense quartz veining and chlorite-sericite alteration overprinting potassic alteration • Potassic alteration zone contains chalcopyrite in disc
Slide 14: Titov Diamond Core 1969
Titov Diamond Core 1969 • DDH5, drilled 85m east of SHN drilled RC holes • 1969 assays: Molybdenite Molybdenite 111m @ 0.35% Cu, 0.09% Mo • Resampled select high grade intervals near HW and FW of Titov Main • Next SHN RC drilling to test Chalcopyrite through this area and beyond • Drilling commences
Slide 15: Elphinstone Creek REE - Au
Elphinstone Creek REE - Au • Anomalous REE and Au in stream sed samples • Follow up soil sampling confirms the Barrabas Adamellite is REE enriched and possible regional source • To date only 14% of the 27km2 intrusion sampled • High neodymium (Nd) and praseodymium (Pr) content • Sampling planned to
Slide 16: Ravenswood West Optics
Ravenswood West Optics • Titov1 - northern area of 15km identified corridor Multiple High Value Metals Mineralisation from surface, multiple + 100 metre intercepts Currently 350m strike x 350m depth, A$2,600 ounce Remains open along strike and at depth Broad Cu grades ~0.4%, enriched zones u
Slide 17: Upcoming Catalysts
Upcoming Catalysts • April 2022 Titov diamond drill results Titov IP results Elphinstone Creek REE soil sampling recommencement Titov metallurgical test work results Titov RC drilling recommencement Diamond Core from Super Hans Triumph diamond drill results • May 2022 Wilburs Hill IP/M
Slide 18: Summary
Summary • Highly prospective projects in under explored Tier 1 jurisdiction • Experienced, successful management team and North Queensland based technical team • Well funded and highly active explorer • 24km drilling to date delivered highly encouraging results • Leverage to multiple high value meta
Slide 19: Connect with us:
Connect with us: Registered office 5 / 16 Nicholson Road, Subiaco, 6008 QLD office 3 / 50 Tully Street, South Townsville, 4810 P +61 8 6245 9828 E admin@shngold.com.au W www.shngold.com.au Facebook Sunshine Gold Ltd 19
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