Sunstone Metals Ltd · ASX:STM
Sunstone Metals — Shareholder Meeting (October 2019)
28 slides from Sunstone Metals's shareholder meeting presentation, Oct 31, 2019
Slide 1: October 2019 - AGM
For personal use only ASX:STM October 2019 - AGM
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: A Compelling Investment Opportunity
A COMPELLING INVESTMENT OPPORTUNITY For personal use only Gold and Copper | Discovery driven | Create Substantial Shareholder Wealth ECUADOR In the background … ✓ BRAMADEROS GOLD & COPPER SWEDEN PORPHYRY + EPITHERMAL ✓ SALE OF VISCARIA COPPER PROJECT FOR ~A$35 PROJECT mill (cash + shares) ✓ SIGNIFIC
Slide 4: Corporate
CORPORATE For personal use only SUNSTONE IS WELL FUNDED WITH CASH AND EQUITY ASSETS THAT CAN BE MONETISED TO UNDERTAKE ITS PLANNED DRILLING PROGRAMS AT BRAMADEROS A$31.8M A$10- A$4.35M 1,384M ~40% 4.4% 15M MARKET CASH EQUITY INVESTMENTS SHARES ON ISSUE TOP 10 SHAREHOLDERS BOARD & CAPITALISATION As a
Slide 5: Multi Disciplinary Strong Board
MULTI DISCIPLINARY STRONG BOARD For personal use only GRAHAM ASCOUGH MALCOLM NORRIS DON HYMA STEPHEN STROUD CHAIRMAN CEO & MANAGING DIRECTOR NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR A senior resources executive Mining industry executive with a Mining industry executive with more Corporate finan
Slide 6: A Very High Quality Team
A VERY HIGH QUALITY TEAM For personal use only MALCOLM NORRIS GAVIN LEICHT RAY ROBINSON DR. BRUCE ROHRLACH DAMIEN MIZOW CEO & MANAGING DIRECTOR CFO & COMPANY SECRETARY GENERAL MANAGER GENERAL MANAGER GEOLOGY EXPLORATION MANAGER STUDIES &TECHNICAL SERVICES Mining industry executive with a Finance pro
Slide 7: Ecuador
ECUADOR For personal use only Strongly promoting exploration and mining but also dealing with impediments • Sunstone Phase 2 drilling underway at the Bramaderos Project • Other companies active exploring and developing • Majors and juniors have committed to spend hundreds of millions of dollars on e
Slide 8: Delivering a gold-copper discovery
BRAMADEROS PROJECT – A WORLD-CLASS OPPORTUNITY Delivering a gold-copper discovery For personal use only Ecuador is host to world-class copper-gold deposits, in one of the world’s most highly prospective belts Cascabel; SolGold for porphyry and epithermal copper-gold deposits Bramaderos is a JV with
Slide 9: A strong commitment to community and environment
BRAMADEROS PROJECT – A WORLD-CLASS OPPORTUNITY A strong commitment to community and environment For personal use only • Regular local community meetings and information sessions on current and planned work programs • Local information centre established • Environmental and social management plans be
Slide 10: Well located, good infrastructure and access
BRAMADEROS PROJECT – A WORLD-CLASS OPPORTUNITY Well located, good infrastructure and access For personal use only Photo taken from West Zone Epithermal Gold target looking southeast Bramaderos Main Porotillo Elevation ranges from 800- Gold-Copper Gold-Copper 1100m above sea level Easy access via Pan
Slide 11: A World-Class Opportunity: Bigger Picture
BRAMADEROS – A WORLD-CLASS OPPORTUNITY ‘Bigger Picture’ – a reminder of why we are here For personal use only • Interpretation of regional datasets reinforces the high prospectivity of a broad suite of targets at Bramaderos • The recent drill results together with other datasets are delivering a rob
Slide 12: A World-Class Opportunity: Bigger Picture
BRAMADEROS – A WORLD-CLASS OPPORTUNITY ‘Bigger Picture’ For personal use only Multiple targets, multiple opportunities, increases the likelihood of discovery 12
Slide 13: A World-Class Opportunity: Bigger Picture
BRAMADEROS – A WORLD-CLASS OPPORTUNITY ‘Bigger Picture’ For personal use only 13
Slide 14: A World-Class Opportunity: Bigger Picture
BRAMADEROS – A WORLD-CLASS OPPORTUNITY ‘Bigger Picture’ For personal use only GOLD COPPER 14
Slide 15: Multiple gold-copper targets, being tested, others being prepared
BRAMADEROS PROJECT Multiple gold-copper targets, 2 being tested, others being prepared For personal use only Multiple targets developed from multiple datasets Phase 1 drilling 5,347m completed Phase 2 commenced, expected 4-5,000m Multiple Drill Targets 1. Limon – porphyry gold-copper target, 4 holes
Slide 16: Limon – a large porphyry target, no historical drilling
BRAMADEROS PROJECT – A WORLD-CLASS OPPORTUNITY Limon – a large porphyry target, no historical drilling For personal use only Early results from Limon are very encouraging – we have drilled altered and mineralised rock in 2 holes with all indications that we have drilled adjacent, but within close pr
Slide 17: Very encouraging geology
BRAMADEROS PROJECT – A WORLD-CLASS OPPORTUNITY Very encouraging geology For personal use only LMDD004 at 68.18m showing black chalcocite and bornite (copper sulphide species) spots through vuggy silica and clay altered volcanic rocks in a ‘high sulphidation system. The interval 68 – 69.6m returned a
Slide 18: Limon – Current oblique view of target zone
BRAMADEROS PROJECT – A WORLD-CLASS OPPORTUNITY Limon – Current oblique view of target zone For personal use only Collected detailed ground magnetics Created 3-D models Integrated with geology and geochemistry. Both reflect a large complex system – in porphyry exploration complex systems are good. Th
Slide 19: Multiple gold-copper targets, being tested, others being prepared
BRAMADEROS PROJECT Multiple gold-copper targets, 2 being tested, others being prepared For personal use only Multiple targets developed from multiple datasets Phase 1 drilling 5,347m completed Phase 2 commenced, expected 4-5,000m Multiple Drill Targets 1. Limon – porphyry gold-copper target, 4 holes
Slide 20: Bramaderos Main – drilling in progress
BRAMADEROS PROJECT – A WORLD-CLASS OPPORTUNITY Bramaderos Main – drilling in progress For personal use only Longitudinal trench - 397m at 0.69g/t Au and 0.14% Cu cumulative interval; for all intervals >0.3g/t and >10m length Aerial extent of >0.5g/t gold and >0.1% copper is ~600m x 400m Mineralised
Slide 21: Bramaderos Main – BMDD001 and BMDD004
BRAMADEROS PROJECT – A WORLD-CLASS OPPORTUNITY Bramaderos Main – BMDD001 and BMDD004 For personal use only Drilled quartz stockwork veined altered and mineralised intrusive rocks similar to those mapped at surface • In BMDD001 - 96.6m at 0.61g/t gold and 0.18% copper, within 172m at 0.52g/t gold and
Slide 22: Bramaderos Main – BMDD002
BRAMADEROS PROJECT – A WORLD-CLASS OPPORTUNITY Bramaderos Main – BMDD002 For personal use only Drilled quartz stockwork veined altered intrusive rocks similar to those in BMDD001 and delivered similar grades, and similar geometry • 72.8m at 0.68g/t gold and 0.16% copper, within 241.6m at 0.42g/t gol
Slide 23: Bramaderos Main – further 3-D modelling of magnetics and drilling results
BRAMADEROS PROJECT – A WORLD-CLASS OPPORTUNITY Bramaderos Main – further 3-D modelling of magnetics and drilling results For personal use only • Further drilling to be undertaken to NW and SE of recent drilling. Significant scope to define a large mineralised system • Current drilling is defining hi
Slide 24: Epithermal gold corridor, target drill tested in Phase 1
BRAMADEROS PROJECT Epithermal gold corridor, 1 target drill tested in Phase 1 For personal use only Multiple targets developed from multiple datasets Phase 1 drilling 5,347m completed Phase 2 commenced, expected 4-5,000m Multiple Drill Targets 1. Limon – porphyry gold-copper target, 4 holes complete
Slide 25: West Zone – epithermal gold, shallow drill holes completed
BRAMADEROS – A WORLD-CLASS OPPORTUNITY West Zone – epithermal gold, 8 shallow drill holes completed For personal use only • 8 holes completed • Intervals of alteration, veining and brecciation identified • Structurally complex • Will deliver a full interpretation once all assay results received Resu
Slide 26: Planned Work and News Flow
PLANNED WORK AND NEWS FLOW Focus is on Bramaderos in Ecuador – Deliver a Discovery For personal use only ECUADOR SWEDEN FINLAND BRAMADEROS GOLD-COPPER EQUITY INVESTMENT SOUTHERN FINLAND GOLD PROJECT PROJECT • Viscaria sale - ~A$5.3 million received to • Minor exploration activities underway • Phase
Slide 27: A Compelling Investment Opportunity
A COMPELLING INVESTMENT OPPORTUNITY For personal use only Gold and Copper | Discovery driven | Create Substantial Shareholder Wealth 27
Slide 28: Competent Persons Statement
COMPETENT PERSONS STATEMENT For personal use only The information in this report that relates to exploration announcements by Sunstone Metals Limited lodged with results and exploration targets and results is based upon the ASX: information reviewed by Dr. Bruce Rohrlach who is a • 15 October 2019 m