Sunstone Metals Ltd · ASX:STM
Sunstone Metals — Boom in a Room (October 2021)
19 slides from Sunstone Metals's conference presentation, Oct 15, 2021
Slide 1: Sunstone Metals ASX: STM October 2021
For personal use only ASX STM October 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: Corporate
Corporate For personal use only Listed on the Australian Stock Exchange ASX:STM A$94M A$21M 2,210M ~39% 3.7% MARKET CASH + EQUITY SHARES ON ISSUE TOP 20 SHAREHOLDERS BOARD & CAPITALISATION INVESTMENTS As of October 2021 Hold almost half of all MANAGEMENT At share price of A$0.043 As of October 2021
Slide 4: Investment Highlights
Investment Highlights For personal use only • Sunstone is undervalued o Market Capitalisation = ~A$100 mill o Equity Investments + Cash = ~A$21 mill o Delivering Enterprise Value of Ecuador exploration projects = ~A$80 mill – we would argue, this is grossly undervalued for the early stages of what c
Slide 5: Ecuador: Building an exploration and mining sector
Ecuador Building an exploration and mining sector For personal use only New President Guillermo Lasso is supporter of responsible mining. New Minister for Energy and Non-Renewable Resources – Juan Carlos Bermeo, Vice-Minister Mines, Xavier Vera, appointed 2021 Ecuador is managing through the coronav
Slide 6: 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; Reserve of 20.8Mt at 8.1g/t gold + 11.8g/t silver; 5.4Moz gold In production; 2021 guidance 380,000 - 420,000 ounces gold; AISC US$800/ounce; 10.4g/t head grade
Slide 7: Community, Safety and Environment
Sunstone Metals Community, Safety and Environment For personal use only Sunstone appreciates the strong community support that it has at its projects Sunstone has active environmental monitoring programs and is involved in various community programs at Bramaderos and El Palmar At Bramaderos and El P
Slide 8: Northern Ecuador
El Palmar Northern Ecuador For personal use only Prospective for porphyry copper-gold similar to the 2.7Bt Alpala deposit at Cascabel and the 1Bt Llurimagua deposit Recent discovery holes drilled by Sunstone EPDD001: ▪ 163.55m at 0.71g/t gold and 0.20% copper (1.05g/t gold equivalent*) from 52.35m ▪
Slide 9: Active exploration program
El Palmar Active exploration program For personal use only Good access Drilling in progress One rig at this stage Soil sampling in progress 9
Slide 10: What do the discovery results mean?
El Palmar What do the discovery results mean? For personal use only We are optimistic that El Palmar could be a large gold copper porphyry deposit Mineralisation from surface Very significant vertical extent from magnetic modelling Copper-gold-silver-magnetic susceptibility all correlate – guides in
Slide 11: Locally outcropping porphyry with cover; auger soil sampling effective
El Palmar Locally outcropping Porphyry but with cover; Auger soil sampling effective For personal use only 11
Slide 12: Drill targets defined, scale and potential will become evident
El Palmar Drill targets defined, scale and potential will become evident For personal use only El Palmar – main Alpala, Cascabel target; drill holes and (SolGold) – x- vertical slice through section of bornite magnetic model and chalcopyrite- pyrite ratio; and Upper 400m of sub- showing CuEq grade v
Slide 13: More than just the main target
El Palmar More than just the main target For personal use only • Magnetics and historical rock chip results identify areas of interest • 2km long cluster of targets identified to date • Soil sampling program underway over entire concession • 4 Additional Porphyry Targets • 6 Epithermal Targets Soil
Slide 14: Bramaderos Project
Bramaderos Project Multiple Targets – Porphyry gold-copper and epithermal silver-gold For personal use only 6 porphyry gold-copper systems have been identified and all are mineralized Currently drilling the Brama target Brama – existing drilling; ore grade intercepts Limon – existing drilling; drill
Slide 15: Brama Porphyry
Brama Porphyry Large gold-copper system at surface For personal use only • 13 effective diamond drill holes to date - all mineralized, some ore grade • Longitudinal trench BM14 – 615.14m at 0.52g/t gold and 0.11% copper (0.7g/t AuEq), including • 122.6m at 0.55g/t gold, 0.17% copper (0.84g/t AuEq),
Slide 16: Brama Porphyry: Building tonnes, and testing other targets
Brama Porphyry Building tonnes, and testing other targets For personal use only 16
Slide 17: What's Ahead
What’s Ahead For personal use only ✓ 2021-22 – Demonstrate significant upside to El Palmar discovery, no near-term plans for raising capital ✓ El Palmar Q4, 2021 • drilling (2nd rig to be added late November), • assays from holes 2 - 6, • expanded soil sampling coverage, • additional targets defined
Slide 18: we will leave you with this ……
El Palmar we will leave you with this …… For personal use only 0.43 Au / 0.18 Cu 1.6 Au / 0.30 Cu 0.42 Au / 0.16 Cu EPDD001: 304m EPDD002 256m. 1.03 Au / 0.33 Cu 0.22 Au / 0.14 Cu EPDD001 320m. fine-grained diorite with quartz-magnetite veining Coarse-grained bornite along shear zone + actinolite. 0
Slide 19: 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