Sunshine Metals Limited · ASX:SHN
Sunshine Metals — Gold Coast Gold Conference 2025
19 slides from Sunshine Metals's conference presentation, Apr 16, 2025
Slide 1: The path to production
Sun Metals Meeting For personal use only The path to production. Damien Keys Managing Director Gold Coast Gold Conference April 2025 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
Corporate Snapshot Board ASX:SHN Experienced leadership Share price Market capitalisation Shares on issue For personal use only $0.0075 $15.7m 2,088m 16 April 2025 16 April 2025 16 April 2025 52 week high $0.020, low $0.006 Damien Keys Alec Pismiris Anthony Torresan Managing Director Chair Non-Exec
Slide 4: Investment Summary
Investment Summary Looking to commercialise: For personal use only 904Koz AuEq comprised Au-Cu-Zn-Pb ~40koz Au shallow oxide Resource Nearby infrastructure: • Townsville SHN head office (150km) • Potential toll treating mills – Black Jack/Pajingo • Rail and power through project • Cu and Zn refineri
Slide 5: Ravenswood Consolidated Project
Ravenswood Consolidated Project Building a district presence 42% increase in JORC For personal use only Resource since May 2023 Total JORC Resource* 6.99Mt @ 4.0g/t AuEq | 11.1% ZnEq From Liontown, Liontown East, Waterloo and Orient deposits Total VMS Resource* 904Koz AuEq recoverable (42% Indicated
Slide 6: Shallow oxide gold: a path to low CAPEX cashflow
Shallow oxide gold A path to low CAPEX cashflow • Oxide/transitional Resource at For personal use only Liontown and Plateau: 580kt @ 1.9g/t Au (36koz Au) • All Au Resources from surface • Granted ML at Liontown • Potential shallow Au at Tigertown and Coronation – quick, cheap test • Pajingo Mill (Yu
Slide 7: Liontown Resource
Liontown Resource For personal use only • Large Au-rich Resource 5.9Mt @ 3.7g/t AuEq (700Koz AuEq) • Resource growth potential, esp. to west of Liontown • New dome geological interpretation extends Liontown horizon ~2km to west, and repeats 3km of untested contact at Liontown North • Tigertown oxide
Slide 8: Liontown Oxide Resource
Liontown Oxide Resource For personal use only • Oxide/transitional Resource (90% on granted ML) 360kt @ 1.8g/t Au (21koz Au) • Mineralisation from surface • Inferred Resource to be upgraded by July 2025 • Drilling planned for April 2025 to convert to Indicated Resource, includes metallurgical sampli
Slide 9: Liontown Resource has strong potential for future growth
Liontown Resource has strong potential for future growth. Growth targets: For personal use only Liontown West Cougartown Extensions to Au-Cu mineralisation immediately to the Limited drilling has returned: west of the Resource and along strike from the historic 2m @ 1.81g/t Au, 9.54% Zn, 2.06% Pb fr
Slide 10: Liontown Dome Targets
Liontown Dome Targets New interpretation extends prospectivity For personal use only LIONTOWN 40o LYNX NORTH COUGARTOWN WEST 4m @ 0.65 g/t Au 32m @ 3.05% Zn from 69m COUGARTOWN 9m @ 6.29% ZnEq from 16m 40o 4m @ 9.92% ZnEq from 52m LIONTOWN LIONTOWN Rock Chips to 17.3g/t Au & EAST 1.19% Cu TIGERTOWN
Slide 11: Tigertown Oxide Au drilling
Tigertown Oxide Au drilling For personal use only Queensland projects. Big system potential. ASX SHN | 11
Slide 12: Coronation Oxide Au drilling
Coronation Oxide Au drilling Testing outcropping vein system. started March 2025 Samples to 6.70g/t Au • Only previous drill test 8m @ 1.3g/t Au (from 10m) For personal use only • Significant Highway Reward style IP target at depth for later follow up drilling Queensland projects. Big system potenti
Slide 13: Plateau Oxide Au drilling starting April 2025
Plateau Oxide Au drilling starting April 2025 For personal use only • Oxide Resource in top 50m: 230kt @ 2.0g/t Au (15koz Au) • ~1,000m RC drilling planned to infill Resource to Indicated status. • Further metallurgical analysis from RC sample. • Pit optimisation to follow Queensland projects. Big s
Slide 14: Au-Cu-Zn exploration
Au-Cu-Zn exploration Ongoing discovery work For personal use only • Highway Reward style (4Mt @ 5.4% Cu, 1.1g/t Au mined) • Truncheon • Coronation • Waterloo style (750kt @ 6.4g/t AuEq Res.) • Salla • Blenheim • Liontown Resource western extension Queensland projects. Big system potential. ASX SHN |
Slide 15: Salla Au-Cu-Zn Exploration
Salla Au-Cu-Zn Exploration Waterloo offset position Fault displacement For personal use only ~700m Mt Windsor Volcanics Trooper Creek Fm IP Chargeable anomaly Salla Waterloo offset? Untested, priority target Waterloo 700kt @ 6.3g/t AuEq Queensland projects. Big system potential. ASX SHN | 15
Slide 16: 2025 Exploration Plan
2025 Exploration Plan Advancing projects, generating strong news flow April 2025 Liontown Oxide RC + met work Oxide Au For personal use only May 2025 Plateau Oxide RC + met work Oxide Au June 2025 Tigertown follow up RC drilling Oxide Au Commence scoping study Liontown Sulphide Au-Cu-Zn July 2025 Co
Slide 17: Why Sunshine? Reasons to invest
Why Sunshine? 3 reasons to invest For personal use only Looking to commercialise Oxide Au 01 Liontown upcoming drilling, met and Resource upgrade. Plateau drilling, Coronation results. 02 Strong Au-Cu-Zn discovery potential Upcoming drilling at undrilled Salla, Highway- style targets at Truncheon &
Slide 18: 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 19: 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