Sunstone Metals Ltd · ASX:STM
Sunstone Metals — Investor Presentation (January 2021)
23 slides from Sunstone Metals's investor presentation, Jan 28, 2021
Slide 1: Sunstone Metals January 2021
For personal use only ASX STM January 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: Investment Highlights
Investment Highlights For personal use only • Sunstone is undervalued o Market Capitalisation = ~A$32 mill (@1.45cps; 30 day VWAP) o Equity Investments + Cash = ~A$20 mill o Delivering Enterprise Value of Ecuador exploration projects = ~A$12 mill – we would argue, this is grossly undervalued • Sunst
Slide 4: We are optimistic because …
We are optimistic because … For personal use only • Sunstone has a vision to build a gold-copper discovery business in Ecuador. The leverage from Sunstone’s equity investment in Copperstone can help deliver the vision • Opportunity for investors to participate in the discovery of multiple gold-coppe
Slide 5: Corporate
Corporate For personal use only A$32M A$4.3M A$16M 2,210M ~39% 3.7% MARKET CASH + cash due EQUITY INVESTMENTS SHARES ON ISSUE TOP 20 SHAREHOLDERS BOARD & CAPITALISATION As at Jan 2021 – unaudited In Nasdaq Stockholm listed As at Sep 2020 Hold almost half of all MANAGEMENT Tightly held Plus A$3.3 mil
Slide 6: Ecuador: Building an exploration and mining sector
Ecuador Building an exploration and mining sector For personal use only Ecuador is managing through the coronavirus pandemic. The mining and exploration industry is deemed to be an ‘essential industry’ during the pandemic and is encouraged to continue operating if it is safe to do so First round Pre
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; 25.4Mt at 8.21g/t gold In production; building to 325,000 ounces gold per year; AISC US$621/ounce Ecuador’s first modern underground gold mine Mirador EcuaCorri
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. Community engagement at El Palmar is dev
Slide 9: Bramaderos Project: Within regional mineralised belt
Bramaderos Project Within regional mineralised belt For personal use only Bramaderos Project – 4,948ha exploration concession in the ‘Advanced Stage’ category Strategically located along strike from the Dynasty Goldfield (epithermal gold), and within a region of other significant porphyry gold- copp
Slide 10: Espiritu Epithermal Discovery
Espiritu Epithermal Discovery High grade gold-silver-lead-zinc – new discovery For personal use only • Espiritu discovery is growing with further exploration • Compelling anomalies defined to the south of the area of drilling • 1.2km long belt still to be drilled 10
Slide 11: Espiritu Epithermal Discovery: Drilling continuing; scale growing
Espiritu Epithermal Discovery Drilling continuing; scale growing; bonanza silver grades For personal use only • Trenching has returned 4m at 415 g/t silver, 0.9g/t gold, 12.9% zinc+lead, within a broader zone of 21m at 82g/t silver, 0.3g/t gold and 2.5% zinc+lead • Rock chip sampling has delivered u
Slide 12: Espiritu Epithermal Discovery: Drilling in Progress
Espiritu Epithermal Discovery Drilling in Progress – justification to be optimistic For personal use only • Drilling in the sulphide zone has intersected veined and brecciated intervals across several holes with significant lead (galena - gn) and zinc (sphalerite - sp) ESDD005, 147m, coarse grained
Slide 13: Espiritu Ag-Au-Zn-Pb-Cu Mineralisation
Espiritu Ag-Au-Zn-Pb-Cu Mineralisation Petrography For personal use only Petrography on drill core samples indicates that Espiritu is a polymetallic (Ag-Au-Zn-Pb-Cu) epithermal system. • Gas and Liquid rich fluid inclusions in quartz and baryte suggest strong phase separation (fluid boiling), a proc
Slide 14: Bramaderos Project: Cluster of mineralised porphyry gold-copper systems
Bramaderos Project Cluster of 6 mineralised porphyry gold-copper systems For personal use only Still early days 5 km long district, 6 large targets 1. Brama – existing drilling; ore grade intercepts 2. Limon – existing drilling; drilled outside edge of porphyry 3. Playas – no drilling 4. Melonal – v
Slide 15: Bramaderos Project: What are we looking for – What is the prize
Bramaderos Project What are we looking for – What is the prize For personal use only At Bramaderos • Multiple gold-copper porphyry deposits within a 5km long belt • Complemented by higher grade epithermal gold- silver deposits • Large vertical extent to mineralised systems; >1,000m • Target grades o
Slide 16: Brama Porphyry effective drill holes
Brama Porphyry 6 effective drill holes - all mineralized, some ore grade For personal use only • 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 • 179.7m at 0.6g/t gold, 0.09% copper • Cluste
Slide 17: Brama Porphyry: Curi-03, BMDD001 and BMDD002 drilling
Brama Porphyry Brama – Curi-03, BMDD001 and BMDD002 drilling For personal use only 200m diameter outcropping ‘pencil porphyry’ system on this section We have at least 4 of these within the Brama porphyry • In BMDD001 – ✓ 172m at 0.52g/t gold and 0.16% copper downhole, including 250m ✓ 96.6m at 0.61g
Slide 18: Brama Porphyry: Cluster of porphyry systems
Brama Porphyry Brama – Cluster of porphyry systems For personal use only • Compelling interpretation built from new detailed ground magnetic data, 3-D modelling, and new drilling results • Exploration data is telling us we have a cluster of smaller higher grade gold-copper porphyry systems • Explora
Slide 19: Brama Porphyry: Planned drill hole BMDD008
Brama Porphyry Planned drill hole BMDD008 – to be drilled in Feb-Mar 2021 For personal use only BMDD008 will test the ‘pencil porphyry’ model as defined by 3- D modelling of magnetics BMDD008 is drilling below a potassic-altered high-level porphyry related intrusive breccia with intervals up to 98m
Slide 20: El Palmar: New project – northern Ecuador
El Palmar New project – 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 Ground magnetics survey to start asap; this will de
Slide 21: El Palmar: Historical drilling confirms porphyry
El Palmar Historical drilling confirms porphyry; magnetics to define new drill targets For personal use only 21
Slide 22: What's Ahead
What’s Ahead For personal use only ✓ Exciting 2021 - Discovery focused, multiple targets, drilling across all targets, strong funding position ✓ Espiritu silver-gold-polymetallic drilling to continue; define a large system ✓ Brama porphyry gold-copper drill hole to be commenced Feb 2021, rig on site
Slide 23: 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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