• Drilling has commenced at Liontown North, ~500m from Liontown (6.0mt @ 3.6g/t AuEq)
• The hole will be funded from a successful Collaborative Exploration Incentive ('CEI') grant
• A 650m diamond drill hole will test coincident IP and EM anomalies on the north side of the conceptual Liontown Dome

Sunshine Metals Limited (ASX:SHN) has commenced CEI-funded, diamond drilling at Liontown North, part of the Ravenswood Consolidated Project. The award of this competitive grant recognizes the importance of Liontown in Queensland's strategic & critical mineral inventory and the quality of work completed by Sunshine's team. The drilling at Liontown North will test Sunshine's interpretation of a fold in the prospective stratigraphic horizon at Liontown. The CEI grant will cover the first ever diamond drilling of the northern contact to refine targeting models. Any mineralisation intersected will confirm the prospectivity of an untested 3km stretch of the target Liontown contact. Sunshine is also set to commence drilling at Sybil in August 2025, with both programs running concurrently. The company is looking forward to a strong period of news flow, with metallurgical results and a Resource upgrade at Liontown due in the coming weeks.

Sunshine has a busy period ahead, including ongoing Au study at Liontown, field work and drilling at Sybil, Liontown metallurgy results and Resource upgrade, CEI VTEM results in the Coronation area, and Sybil drilling results.