Sunshine Metals Limited · ASX:SHN
Sunshine Metals — Noosa Mining Conference 2025
16 slides from Sunshine Metals's conference presentation, Nov 13, 2025
Slide 1: Noosa Mining Conference – Gold 'n Sunshine
Noosa Mining Conference November 2025 Sun Metals Meeting Gold ‘n Sunshine. For personal use only Damien Keys Managing Director ASX:SHN shnmetals.com.au
Slide 2: Cautionary statement
Cautionary statement This presentation includes forward-looking statements. When used in this document, the words such as "could", "plan", "estimate", "expect", The information in this report that relates to Exploration Results is based on, and fairly represents, information compiled by Mr Matt Pric
Slide 3: Corporate Snapshot and Board and Management
Corporate Snapshot Board and Management ASX:SHN Experienced leadership Share price Market capitalisation Shares on issue For personal use only $0.025 $62.5m 2.57b 12 November 2025 12 November 2025 12 November 2025 52 week high $0.032, low $0.005 Damien Keys Alec Pismiris Jo Bergamin Managing Directo
Slide 4: Investment Summary
Investment Summary Looking to commercialise: For personal use only 95Koz Au @ 4.2g/t Au mining studies commenced 904koz AuEq Resource comprised Au-Cu-Zn-Pb-Ag HG epithermal Au Sybil samples to 907g/t Au Nearby infrastructure: • Townsville SHN head office (150km) • Rail and power through Ravenswood C
Slide 5: Liontown Shallow Au: A path to low CAPEX cashflow
Liontown Shallow Au A path to low CAPEX cashflow Resource • Oxide/transitional Resource For personal use only (90% on granted ML) • Mineralisation from surface • Infill drilling included: • 10m @ 31.91g/t Au from 41m, 25LTRC009 • 9m @ 6.31g/t Au from 0m, 25LTRC011 • 11m @ 3.01g/t Au from 0m, 25LTRC0
Slide 6: Expanded Liontown Gold Study
Expanded Liontown Gold Study • Shallow Au, Au-Panel and Carrington: For personal use only 713kt @ 4.15g/t Au (95koz Au)* • On granted Mining Lease & advanced Mining Lease Application • Mining studies commenced • Resource update on Shallow Au in preparation • Metallurgical update in November 2025 * U
Slide 7: Sybil Epithermal Au
Sybil Epithermal Au • Acquired in June 2025 For personal use only • Fits shallow, high-grade gold strategy, within Ravenswood Cons. • Shares similarities with Pajingo Au Mine (~4Moz Au mined) • Explored under JV from 1986-1996 • Excellent baseline datasets and highly encouraging early results • Good
Slide 8: 2025 Sybil Diamond Drilling
2025 Sybil Diamond Drilling October 2025 For personal use only Record high-grade intersections: 4.4m @ 57.51g/t Au 5.2m @ 9.01g/t Au 2.8m @ 15.15g/t Au 3.8m @ 6.12g/t Au • Assays received for 10 of 14 drill holes (1,177.4m) in maiden drilling. • First drilling at Francis Creek in ~18 yrs. Queensland
Slide 9: Right textures = Right metal zone
Right textures = Right metal zone For personal use only 25FCDD011 25FCDD012 Queensland projects. Big system potential. ASX SHN | 9
Slide 10: Francis Creek – 1km x 1km
Francis Creek – 1km x 1km For personal use only Queensland projects. Big system potential. ASX SHN | 10
Slide 11: Outcropping vein field – 8km x 10km
Outcropping vein field – 8km x 10km For personal use only Queensland projects. Big system potential. ASX SHN | 11
Slide 12: Big System Potential
Big System Potential For personal use only • Prospective “boiling zone” thickens to E & SE • Other high-priority targets o Quartz Ridge 68m @ 0.38g/t Au from 36m, FSR070 22m @ 0.55g/t Au from 0m, FSR035 o Francis Creek East 28.1g/t Au rock chip, undrilled Figure modified from AIG NEQ Minerals Worksh
Slide 13: Upcoming news flow
Upcoming news flow • Liontown Shallow Au Metallurgical Results For personal use only • Liontown Shallow Au Resource Update • Liontown Grade Control Drilling commences • Liontown North diamond drilling results – CEI funded • Coronation area VTEM results – CEI funded • Magnetic survey commencing Sybil
Slide 14: Why Sunshine? Reasons to invest
Why Sunshine? 3 reasons to invest For personal use only 01 Looking to commercialise Liontown Au Met and Resource upgrade Oct 2025. Mining studies commenced. 02 Further Shallow HG Au potential Sybil low-sulphidation epithermal. First drilling results outstanding, remainder in Nov 2025. 03 Large high-
Slide 15: For personal use only
For personal use only Unit 26, 31-45 Eyre St, North Ward, QLD, 4810 LinkedIn www.linkedin.com/company/70551686 +61 8 6245 9828 Facebook Sunshine Metals Ltd admin@shnmetals.com.au Twitter #SunshineGold20 www.shnmetals.com.au ASX SHN
Slide 16: References
References For the latest resource update at the Liontown deposit, please refer to: For the most recent releases outlining SHN metallurgical results: For personal use only • ASX: SHN, 11th December 2024, 904Koz AuEq Resource at Ravenswood Consolidated • ASX: SHN, 11th November 2024, Excellent Gold a