Sunstone Metals Ltd · ASX:STM
Sunstone Metals — Shareholder Meeting (October 2021)
21 slides from Sunstone Metals's shareholder meeting presentation, Oct 28, 2021
Slide 1: 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$148M A$20M 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$0.067 As of October 2021
Slide 4: Investment Highlights
Investment Highlights Well funded junior, track record, recent discovery success For personal use only • Sunstone is well funded and in a strong position to deliver strong shareholder returns with ongoing discovery o Market Capitalisation = ~A$148 mill o Equity Investments + Cash = ~A$20 mill o Deli
Slide 5: The Team
The Team A high-quality team in Ecuador and Australia For personal use only • A well qualified and focussed team in Ecuador, comprising 100% Ecuadorians, working across the El Palmar and Bramaderos Projects • The team in Ecuador is expanding and covering all aspects of corporate, social, environment
Slide 6: Ecuador: Building an exploration and mining sector
Ecuador Building an exploration and mining sector For personal use only New President, Guillermo Lasso, is a supporter of responsible mining Ecuador is managing through the coronavirus pandemic, with over 60% of the population fully vaccinated Mining is now playing an important part in Ecuadorian ec
Slide 7: 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 8: Community, Safety and Environment
Sunstone Metals Community, Safety and Environment For personal use only Sunstone takes its environmental, social and governance issues very seriously and is committed to improving the quality of life in the areas where we work Sunstone • has significant environmental monitoring programs across it pr
Slide 9: Project: Within a mineralised belt in northern Ecuador
El Palmar Project Within a mineralised belt in 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.
Slide 10: Project: Active exploration program
El Palmar Project Active exploration program For personal use only Good access with upgraded Soil sampling in progress Ground magnetics completed roads across several targets across concession 10
Slide 11: Project drill holes completed, 5th in progress
El Palmar Project 4 drill holes completed, 5th in progress For personal use only 11
Slide 12: What do the discovery results mean?
El Palmar Project 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 – g
Slide 13: Locally outcropping Porphyry but with cover
El Palmar Project Locally outcropping Porphyry but with cover; Auger soil sampling effective For personal use only 13
Slide 14: 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 5
Slide 15: Additional targets being defined and prepared for drilling in 2022
El Palmar Project Additional targets being defined and prepared for drilling in 2022 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 P
Slide 16: 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 17: Brama Porphyry
Brama Porphyry Large gold-copper system at surface For personal use only • 16 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 18: Brama Porphyry: Building tonnes, and testing other targets
Brama Porphyry Building tonnes, and testing other targets For personal use only 18
Slide 19: What's ahead in 2021 and into 2022
Sunstone Metals What’s ahead in 2021 and into 2022 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 early December), • assays from holes EPDD002 & 3 – mid November; EPD
Slide 20: Project: still early days, building an understanding of the geology
El Palmar Project still early days, building an understanding of the geology For personal use only 0.43g/t Au / 0.18% Cu 1.6g/t Au / 0.30% Cu 0.42g/t Au / 0.16% Cu EPDD001: 304m EPDD002 256m. 1.03g/t Au / 0.33% Cu 0.22g/t Au / 0.14% Cu EPDD001 320m. fine-grained diorite with quartz-magnetite veining
Slide 21: 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