Sunstone Metals Ltd · ASX:STM
Sunstone Metals — Shareholder Meeting (October 2023)
29 slides from Sunstone Metals's shareholder meeting presentation, Oct 17, 2023
Slide 1: STM AGM – October 2023
STM AGM – 17 October 2023
Slide 2: Disclaimer
Disclaimer DISCLAIMER FORWARD-LOOKING STATEMENTS To the maximum extent permitted by law, no representation, warranty or This Presentation includes certain statements that may be deemed undertaking, express or implied, is made and, to the maximum extent “forward-looking statements”. All statements in
Slide 3: Sunstone Snapshot
Sunstone Snapshot Ecuador focussed, gold-copper explorer and discoverer ASX - STM Market Capitalisation 1 A$55.5 mill Cash and Equities 2 ~A$10.5 mill Shares on Issue 3,082 million Top 20 Shareholding 36% Institutional and Family Office Shareholding 30% Board and Management Shareholding 5.0% Desk no
Slide 4: Board and Leadership Teams
Board and Leadership Teams GRAHAM ASCOUGH MALCOLM NORRIS STEPHEN STROUD GAVIN LEICHT RAY ROBINSON DR. BRUCE ROHRLACH CHAIRMAN CEO & MANAGING DIRECTOR NON-EXECUTIVE DIRECTOR CFO & COMPANY SECRETARY GENERAL MANAGER GENERAL MANAGER GEOLOGY STUDIES &TECHNICAL SERVICES RACHEL HARRISON VICENTE ACOSTA JEFF
Slide 5: ESG considered across the business
ESG considered across the business Sunstone appreciates the strong community support that it has at its projects and takes its environmental, social and governance issues very seriously. It is committed to advance its social performance in the areas where we work Sunstone will release its inaugural
Slide 6: The Year in Review – External environment
The Year in Review – External environment • Very difficult conditions for junior explorers – particularly gold and copper • Commodity prices weak • Interest rates rising • BUT long-term outlook STRONG 6
Slide 7: The Year in Review – STM has delivered results
The Year in Review – STM has delivered results Sunstone has delivered some outstanding results • 13 December 2022 – Delivered an Initial MRE for Brama-Alba and an Exploration Target for Bramaderos; 2.7Mozs AuEq in MRE, and 3.3-8.6Mozs AuEq in Exploration Target for porphyry gold-copper-silver minera
Slide 8: Investment Opportunity
Investment Opportunity • Key messages • Exposure to 2 giant gold-copper-silver assets • In southern Ecuador, the Limon gold-silver discovery is a breakthrough opportunity supporting a high- grade front end to a targeted 10Mozs gold equivalent camp at the Bramaderos project • In northern Ecuador, the
Slide 9: Bramaderos, Southern Ecuador
Bramaderos, Southern Ecuador Drill core processing facility Limon Brama-Alba • 4,984 ha concession • Adjacent to the Pan American Highway • At ~900m asl • The project is supported by good infrastructure (hydroelectric power, regional airport nearby) • 93% of Ecuador’s power is generated from renewab
Slide 10: Bramaderos – targeting 10Mozs opportunity
Bramaderos – targeting 10Mozs opportunity LIMON - gold-copper-silver porphyry and epithermal Epithermal gold and silver (2023 drilling) Multiple broad >100m intersections at >1g/t AuEq* Including high-grade shoots with >4g/t AuEq* and locally up to multi-ounce grades Porphyry gold-copper silver 97.6
Slide 11: Brama-Alba – mineralisation from surface
Brama-Alba – mineralisation from surface 1.6 km Limon; just behind hill Alba Hills in background Brama View from Melonal gold-copper deposit • View looking NE; December 2022 • MRE, undertaken by Tier 1 consultants CSA (pit constrained, reasonable prospects) • 1.2km long mineralised system – so far •
Slide 12: Brama-Alba – pit constrained MRE
Brama-Alba – pit constrained MRE Hills in background 12
Slide 13: Limon – the game changer - view to NE
Limon – the game changer - view to NE Area of gold-silver mineralisation 13
Slide 14: Limon – the game changer – recent drill results
Limon – the game changer – recent drill results Significant high-grade intersections in LMDD017 and LMDD026, include; ▪ 176.7m at 1.1g/t AuEq* (0.97g/t gold and 10.1g/t silver), from 6.8m in LMDD017, including ▪ 15.0m at 4.0g/t AuEq* (3.9g/t gold, 7.7g/t silver), from 81.2m, and ▪ 26.0m at 2.3g/t Au
Slide 15: Limon – gold-silver epithermal
Limon – gold-silver epithermal Hills in background 15
Slide 16: Limon – gold-silver epithermal
Limon – gold-silver epithermal • Very significant discovery; delivers the higher-grade front end for a larger development • Large search space for epithermal gold- silver-base metal mineralisation Hills in background • Evidence of epithermal veins to depths exceeding 600m from previous drilling • Ev
Slide 17: Limon – gold-copper-silver porphyry
Limon – gold-copper-silver porphyry • 97.6m at 0.71g/t gold and 0.23% copper in trench • 79m at 0.52g/t gold, 0.19% copper, 9.4g/t silver from 90m in LMDD010 • Subtle direct surface expression, strong vectors • Compelling large porphyry target (gold-copper-silver) Hills in background 17
Slide 18: Bramaderos – gold-copper-silver camp
Bramaderos – gold-copper-silver camp • Aiming to deliver 10 million ounce gold equivalent camp • Current MRE – 2.7Mozs AuEq – porphyry gold-copper-silver • Current Exploration Target – 3.3 – 8.6 Mozs AuEq – porphyry gold-copper-silver Hills in background • MRE and Exploration target DO NOT include t
Slide 19: El Palmar, northern Ecuador
El Palmar, northern Ecuador • To date includes the 2.7Bt Alpala copper-gold porphyry deposit (0.53% CuEq) at Cascabel, the 0.53Bt Tandayama-America copper- gold porphyry deposit (0.36% CuEq) at Cascabel, and the 1Bt Llurimagua copper-moly porphyry deposit (1.0% CuEq) • Highly prospective belt of roc
Slide 20: El Palmar - T1-T2-T3-T5 porphyry cluster
El Palmar - T1-T2-T3-T5 porphyry cluster • Mineralisation from surface at T1, T2, and T5 • 2.3km long cluster of porphyry targets identified to date; T1 to T5 • Targets could all be related and have geometries that relate to their position on or adjacent to the Toachi fault, and subsidiary orthogona
Slide 21: El Palmar - multiple large targets
El Palmar - multiple large targets • T1; 800m long (in NW-SE orientation) already an orebody in its own right • T1; 21 drill holes completed, gold-copper from surface to 500m below surface, intersections include 160m at 0.7g/t gold and 0.2% copper from 52m (LMDD001) • T3; EPDD026 and 028 intersectio
Slide 22: El Palmar - comparison with SolGold-Cascabel-Alpala
El Palmar - comparison with SolGold-Cascabel-Alpala • Cross section, same scale comparison with the 3Bt Alpala deposit at Cascabel (SolGold) • Depth to top of the main Alpala orebody is ~700m • Comparable scale to the evolving El Palmar exploration 22
Slide 23: El Palmar; comparison with SolGold-Cascabel-Alpala
El Palmar; comparison with SolGold-Cascabel-Alpala • Plan view, same scale comparison with the 3Bt Alpala deposit at Cascabel (SolGold) • At >0.3% CuEq Alpala orebody measures 500m x 900m • Depth to top of the main Alpala At ~1,000m below surface orebody is ~700m • Comparable scale to the evolving E
Slide 24: El Palmar - cluster of opportunities
El Palmar - cluster of opportunities EPDD026 Targets T1 to T5 could all be related and have geometries that relate to their position on or adjacent to the Toachi fault Porphyries have very large vertical extent – can be > 1,000m EPDD026 and 028 grades suggest the T3 system can deliver very high grad
Slide 25: El Palmar – taking shape
El Palmar – taking shape • Early days • T1 at surface - porphyry gold-copper deposit • T1 at depth - not yet explored • T3 porphyry gold-copper system discovered at depth, possible shallower domains • Several other porphyry systems with very limited drilling (T2, T4, T5) • Scale has potential to be
Slide 26: What’s ahead
What’s ahead ✓ Bramaderos • Limon gold-silver epithermal discovery will fundamentally change Bramaderos • Limon gold-silver epithermal discovery will deliver the near surface higher-grade front end needed for a larger development • Deliver additional discoveries at Melonal, Limon porphyry, Porotillo
Slide 27: Competent Persons Statement
Competent Persons Statement Competent Persons Statement The information in this report that relates to Mineral Resources is based on information compiled by Mr Aaron Meakin. Mr Aaron Meakin is a full-time employee of CSA Global Pty Ltd and is a Member and Chartered Professional of the Australasian I
Slide 28: About Sunstone Metals
About Sunstone Metals Sunstone has an advanced portfolio of exploration projects in Ecuador. The portfolio comprises: •The Bramaderos Gold-Copper Project where Sunstone owns an 87.5% interest with Cornerstone Capital Resources, a subsidiary of SolGold, holding 12.5% (see ASX announcement dated 10th
Slide 29: Contact details
CALL EMAIL WEB ASX:STM +61 7 3368 9888 info@sunstonemetals.com.au sunstonemetals.com.au