Sunstone Metals Ltd · ASX:STM
Sunstone Metals — Investor Presentation
28 slides from Sunstone Metals's investor presentation
Slide 1: Viscaria & Adak Copper Projects Sweden
Viscaria & Adak Copper Projects Sweden
Slide 2: Avalon Copper Projects
: a ads <7 eR Kina Viscaria Project F Norwegian Sea Adak Project 7 / f Umed? Ostersund f Si i ¢ Harjavotta Pori Cy Smelter Falun Uppsala 2 Stockholm Mariestad 2 Nykoping Karlstad “a. Jénképing Halmstad Kalmar. Kristianstad A. AVALON minerals Ita
Slide 3: Sweden – Low Sovereign Risk
3 Sweden – Low Sovereign Risk Constitutional monarchy & parliamentary democracy Skilled mining labour force, 99% literacy, English as 2nd language Copper concentrators and smelters Legislation ― Framework similar to Australia Environment ― Primary liability rests with previous operators in old minin
Slide 4: Sweden – Exploration Hot-Spot
4 Sweden – Exploration Hot-Spot Anglo American | Blackstone Ventures Inc | Boliden | Dragon Resources Ltd | Drake Resources Ltd | Aura Energy | Energy Ventures | Eagle Mining | International Gold Exploration | Kopparberg Mineral | Lappland Goldminers AB | Lundin Mining Corporation | Mawson Resources
Slide 5: Economic Geology Northern Sweden
5 Economic Geology Northern Sweden Kiruna Region Kiruna Iron Mine ― Underground 1,100Mt @ 48% Fe magnetite-apatite resource, ore production of 15Mtpa Aitik Copper Mine ― Open cut, resource 1,600Mt at 0.3% Cu & 0.2g/t Au, mining at 20Mtpa, planned 36Mtpa
Slide 6: Kiruna – The Kalgoorlie of Northern Sweden
Kiruna – The Kalgoorlie of Northern Sweden Population of ~25,000 Daily rail & air services Connected by road and rail to ports LKAB iron mine operated for over 100 years 15Mtpa of iron ore
Slide 7: Kiruna
Kiruna =p Source:-LKAB. N minerals Itd
Slide 8: Viscaria Copper Project (looking west)
8 Viscaria Copper Project (looking west)
Slide 9: Viscaria Project Summary Geology
9 Viscaria Project Summary Geology 4km west of Kiruna 50km2 tenements (incl application) covers 12km strike of Viscaria Formation, host to VHMS base-metal + gold mineralization Operated by Outokumpu from 1982 to 1997 Mined 12.5 million tonnes grading 2.3% copper and 0.3g/t gold Produced 280,000 tonn
Slide 10: Airbourne VLF EM
Airbourne VLF EM in LKAB closure report 1998 fs ™ “700m west of ‘A* Zone iscaria Fmn _VMS horizon. Using modern airborne & A-zone production from 4km long decline Kiruna + Townsite « Kiruna u/g) lron ore Mine 1 = 2:3-B tons 68Fe" Potential down-plunge to south for extensions of ul A Zoe Cu mineralis
Slide 11: A-zone Long Projection
A-zone Long Projection Metal Accumulation Metal Ratio 21500mN 21000mN 20500mN 20000mN 19500mN 19000mN 18500mN A. AVALON minerals Itd
Slide 12: A-zone Mineralization
A-zone Mineralization = | | Pape ra - to South A eae minerals Itd
Slide 13: Remaining A-zone Mineralisation & Development
Remaining A-zone Mineralisation & Development Mining ceased 1998 due to low Copper prices Note: This is a target based on Outokumpu closure reports. It is not a JORC-compliant resource.
Slide 14: B-zone 200m across strike from A Zone crosscut into it
14 B-zone 200m across strike from A Zone crosscut into it Mining ceased 1998 due to low Copper prices Note: This is a target based on Outokumpu closure reports. It is not a JORC-compliant resource.
Slide 15: Regional Exploration
15 Regional Exploration Regional peat bog sampling Prospective zone defined by copper values >200ppm over Viscaria formation volcanics & sediments 20km prospective strike length defined Regional discoveries 10km south of Viscaria include 34m@ 1.2% Cu and 0.4g/t Au from same stratigraphic horizon Int
Slide 16: Sweden Exploration Team
16 Sweden Exploration Team Exploration Manager – Geoff Hewlett Sweden Geologist – Nigel Baker Consultant Geologists – CSA Sweden Consultants – Hifab Sweden Accountants – Ernst & Young
Slide 17: Viscaria Open Pit (looking northeast)
17 Viscaria Open Pit (looking northeast)
Slide 18: A-zone Sulphide Photographs
18 A-zone Sulphide Photographs
Slide 19: Economic Geology Northern Sweden
19 Economic Geology Northern Sweden Skellefte Volcanic Arc Kristinberg ― VHMS, resource 22Mt @ Aitik 3.6% Zn, 1% Cu, 1.3g/t Au, ore production 0.55Mtpa Renström ― VHMS, resource 9Mt @ 6.4% Zn, 1.4% Pb, 2.8g/t Au, ore production 0.23Mtpa
Slide 20: Skellefte District – Past Production
20 Skellefte District – Past Production 29 mines 1925-2003 Adak Dome 12 million tonnes Source: New Boliden Total pre-mining reserves 160Mt @ 0.7% Cu, 3% Zn, 0.4% Pb, 1.9g/t Au & 47g/t Ag
Slide 21: Regional Geology
Regional Geology Graberget dst e os / rm { Lainijaur } \ \ oO J, D>, Sforiden FS SO. » N a a io = Nyt =| Homtraskviken mellerst oF Kristineberg } O~{ Merkien IV } ~ Nasliden Norra 2 | \ i vasigen Nora AN \ —- Sediments Felsic volcanic Mafic volcanic Gabbro, diorite Komatiite unltramafic Granite Syen
Slide 22: Adak Project
22 Adak Project 20km North West of Malå 35km to railway at Slangäs 26.5 km² tenement covers Adak Dome Operated by Boliden from 1940 to 1977. Adak plant burned down in Jan 1978 and operation closed Total production 12.1 million tonnes @ 1.5% copper, plus some gold, silver and zinc credits Adak plant
Slide 23: Adak Dome
Adak Dome Nl CJ Avalon tenement boundary Matic volcanics NW of orea Pm] Rudjebacken mine working 7 l surtace projection strato] | Upper banded tutfite ae Branneyran & Adak Mine ; ‘a Cc) Plan stratiform ore | Andesitic volcanics 1°636,000.m eee Malic dyke oy | Lower banded tuffite] BE vacinr, Surface
Slide 24: Adak Dome Gravity
Adak Dome Gravity - 4 Gravityalmagelshowingigravityslow, . 7 , 7 : ovemAdakiDome)(inthusivelplugratidepthi) ‘4 i | | | GEC) (il! > RUDTJEMVRAN . Surface projection of @ mihnedjore| bodies = >...” 5 5 Adak Mineralisation —_ YRUDJEBACKEN 7,256.000_71N ai * —. INOS KOO é KARLSSON ADAK BRANNMMRAIN \ Sur
Slide 25: Adak-Linsköld Mine
25 Adak-Linsköld Mine NW SE Located in West quadrant of Adak Dome The mine was developed Breccia by open cut & Stratiform Ore Ore underground over an NW SE area of 1,200m2 Mined 6.3Mt @ 1.9% Cu Two styles of mineralisation stratiform and breccias 200m
Slide 26: Brännmyran Mine
26 Brännmyran Mine NW SE Located in South East quadrant of Adak Dome The Brännmyran Mine was Stratiform Ore developed by underground Ore Continues over an area of 1,200m² NW Beneath Granite Sheet SE Comprises two sheets of VHMS ore Mined 1.0Mt @ 1.7% Cu, 1960 - 1976 Stratiform Ore 200m
Slide 27: Rudtjebäcken Mine
27 Rudtjebäcken Mine 200m 1634800 mE 1635200 mE 1635600 mE Located in North quadrant of 7256400 mN 9.62 9.62 9.62 9.62 9.62 9.621.49 1.49 1.49 1.49 1.49 1.49 3.35 3.35 3.35 3.35 3.35 3.35 0.12 0.12 0.12 0.12 0.12 0.1 0.12 0.1 0.1 0.1 0.1 0.1 Adak Dome 7.65 7.65 7.65 7.65 7.65 7.65 1.29 1.29 1.29 1.2
Slide 28: Avalon 2008 Program
28 Avalon 2008 Program Complete review all historical data Commence PFS - Viscaria Conduct EM surveys - Viscaria and Adak Commence Drilling - Viscaria and Adak Regional exploration Management team build-up Aim: To become a copper producer in Sweden