Sunstone Metals Ltd · ASX:STM
Sunstone Metals — Noosa Mining and Exploration Conference 2018
26 slides from Sunstone Metals's conference presentation, July 2018
Slide 1: Noosa Mining and Exploration Conference; July 2018
ASX:STM Noosa Mining and Exploration Conference; July 2018
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 “forward- undertaking, express or implied, is made and, to the maximum extent permitted looking statements”. All st
Slide 3: A Compelling Investment Opportunity
A COMPELLING INVESTMENT OPPORTUNITY Three projects | Copper and Gold | Discovery and Development ECUADOR SWEDEN FINLAND GOLD & COPPER GOLD & COPPER LITHIUM VISCARIA BRAMADEROS VISCARIA SOUTHERN PROJECT PROJECT FINLAND GOLD PROJECT S. FINLAND GOLD Delivers large Protects downside upside risk; provide
Slide 4: Corporate
CORPORATE Listed on the Australian Stock Exchange ASX:STM $44.5M A$2.7M 1,142M ~40% 3.5% MARKET CAPITALISATION CASH SHARES ON ISSUE TOP 10 SHAREHOLDERS BOARD & MANAGEMENT Tightly held As at 30.06.18 - unaudited As at 31.03.18 Hold almost half of all Have participated in all placements At share price
Slide 5: Highly Experienced Management Team
HIGHLY EXPERIENCED MANAGEMENT TEAM 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 Geologist who has played a key role Geologist with 12 ye
Slide 6: Value Growth Through Discovery
VALUE GROWTH THROUGH DISCOVERY Sunstone is the only ASX-listed junior providing direct junior company exposure to ‘booming’ Ecuador • The Sunstone team have been involved in giant porphyry copper-gold discoveries with Intrepid Mines at Tujuh Bukit (Indonesia) and SolGold at Cascabel (Ecuador) • We’v
Slide 7: There's a Lot Going on in Ecuador
THERE’S A LOT GOING ON IN ECUADOR • Majors and juniors have committed to spend hundreds of millions of dollars on exploration • Most are looking for world class gold and copper deposits – genuine large growth opportunities • High level of pre-drilling activity • Drilling activity is expected to incr
Slide 8: Scout Drilling Initiative
SCOUT DRILLING INITIATIVE Announced last week by the Ecuadorian Ministry of Energy and Non-Renewable Natural Resources (MERNNR) “Ecuador is betting on being a mining country” Ministerial Decree released Justification: …….. ‘to quote from MERNNR’ Technical Advantages • Greater certainty of subsoil ge
Slide 9: Bramaderos – A World-Class Opportunity
BRAMADEROS – A WORLD-CLASS OPPORTUNITY A strong commitment to community and environment • Regular local community meetings and information sessions on current and planned work programs • Environmental and water studies completed as part of drill permit process. Water Permit received • EIA and Drill
Slide 10: Bramaderos – A World-Class Opportunity
BRAMADEROS – A WORLD-CLASS OPPORTUNITY Matching the team with the opportunity Ecuador is host to world-class copper-gold deposits, in one of the world’s most highly prospective belts for porphyry and epithermal copper-gold deposits Bramaderos is a JV; we have a binding farm-in agreement with TSXV li
Slide 11: Bramaderos – Multiple targets, very good location
BRAMADEROS – A WORLD-CLASS OPPORTUNITY Multiple targets, very good location Bramaderos Main Porotillo Gold-Copper Gold-Copper Pan American Limon Gold-Copper to north Highway Photo taken from West Zone Epithermal Gold target looking southeast 11
Slide 12: Multiple porphyry gold-copper and epithermal gold-silver targets
BRAMADEROS – A WORLD-CLASS OPPORTUNITY Multiple porphyry gold-copper and epithermal gold-silver targets Multiple targets developed from multiple datasets At least 3 targets to be drill tested in Phase 1 drilling 1. Bramaderos Main 2. West Zone 3. Limon 12
Slide 13: Bramaderos Main delivering strong trench results
BRAMADEROS – A WORLD-CLASS OPPORTUNITY Bramaderos Main delivering strong trench results • 397m at 0.69g/t Au and 0.14% Cu cumulative interval; for all intervals >0.3g/t and >10m length • Importantly, the trenching is also delivering greatly improved interpretation of the geometry of the mineralisati
Slide 14: Bramaderos Main – surface mineralisation and 3-D geophysics
BRAMADEROS – A WORLD-CLASS OPPORTUNITY Bramaderos Main – surface mineralisation and 3-D geophysics 14
Slide 15: Additional targets from 3-D magnetics modelling
BRAMADEROS – A WORLD-CLASS OPPORTUNITY Additional targets from 3-D magnetics modelling • 3-D modelling of a subset of the detailed heli-magnetics • Significant anomalies modelled at Bramaderos Main and Porotillo • Vertical extent > 1km • Modelled bodies project to surface in areas of anomalous gold
Slide 16: Additional targets from 3-D magnetics modelling
BRAMADEROS – A WORLD-CLASS OPPORTUNITY Additional targets from 3-D magnetics modelling • 3-D modelling of a subset of the detailed heli-magnetics • Significant anomalies modelled at Bramaderos Main and Porotillo • Vertical extent > 1km • Modelled bodies project to surface in areas of anomalous gold
Slide 17: West Zone delivering strong trench results
BRAMADEROS – A WORLD-CLASS OPPORTUNITY West Zone delivering strong trench results • West Zone trenches delivering higher grade epithermal style results • Recent geophysical results, complemented by alteration mapping, suggest there may also be a porphyry target at depth • 15.6m at 6.14 g/t Au and 6.
Slide 18: Limon - absolutely outstanding initial trench results
BRAMADEROS – A WORLD-CLASS OPPORTUNITY Limon - absolutely outstanding initial trench results • Breakthrough, high grade results • A ‘window’ into a significant porphyry system 97.6m at 0.71g/t gold and 0.23% copper at surface, including 65.0m at 0.93g/t gold and 0.31% copper 17
Slide 19: Limon - absolutely outstanding initial trench results
BRAMADEROS – A WORLD-CLASS OPPORTUNITY Limon - absolutely outstanding initial trench results 18
Slide 20: Viscaria Copper Project
VISCARIA COPPER PROJECT Advanced copper project in northern Sweden • High quality copper project • Over 600kt copper resource • PFS stage copper development opportunity in a mining district • Development permitting in progress • Exceptional exploration upside • Region is home to Europe’s largest ope
Slide 21: Viscaria Copper Project – Outstanding Location
VISCARIA COPPER PROJECT Outstanding Location A Zone previously mined D Zone not mined and a great orebody Copper Kiruna Viscaria orebodies shown in Mineral Resource orange estimate 52Mt at 1.2% Cu (JORC 2012)* LKAB 18Mt subset of that used in 2016 Scoping Study* Can operate all year; weather is not
Slide 22: Viscaria Project – D Zone
VISCARIA PROJECT – D ZONE Considerable upside potential laterally to the south and down plunge 1.0m @ 1.5% Cu 5.1m @ 2.23% Cu 5.3m @ 2.0% Cu 26.7m @ 2.6% Cu 3.0m @ 2.3% Cu, and 9.9m @ 2.2% Cu 21
Slide 23: Viscaria Project – Near-Mine Targets
VISCARIA PROJECT – NEAR-MINE TARGETS Several kilometers of target horizon for D and A Zone analogues • Exploration upside is very compelling • Multiple ‘VMS’ targets similar to A Zone and D Zone • In addition, there are a series of ‘Iron Oxide Copper’ targets. Sunstone has drilled 3 to date, Nihka,
Slide 24: Planned Work and News Flow
PLANNED WORK AND NEWS FLOW ECUADOR SWEDEN FINLAND BRAMADEROS GOLD-COPPER VISCARIA COPPER PROJECT SOUTHERN FINLAND GOLD AND PROJECT LITHIUM PROJECTS • Active exploration program; drill • Planning best options to move • Work program planning in H2 access preparation, mapping, soil forward through PFS;
Slide 25: Competent Persons Statement
COMPETENT PERSONS STATEMENT The information in this report that relates to exploration results and The information in this report that relates to the updated D Zone exploration targets and results is based upon information reviewed Mineral Resource estimate is based on the information compiled by by
Slide 26: Viscaria Copper Project Mineral Resource Estimate
VISCARIA COPPER PROJECT Mineral Resource Estimate Resource Area Classification Tonnes (Mt) Cu Grade (%) Contained Cu (kt) Measured 14.44 1.7 240.0 Indicated 4.69 1.2 57.2 A Zone Inferred 2.48 1 25.5 Subtotal 21.61 1.5 322.7 Measured 0.12 1.3 1.6 Indicated 4.12 0.7 29.7 B Zone Inferred 15.41 0.8 118.
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