• Assays received for remaining 4 diamond drill holes at Sybil, including high-grade intervals
• 12 of 14 drilled holes contained significant (>1g/t Au) mineralisation
• Native title clearance surveys underway, paving way for drilling in early 2026

Sunshine Metals Limited has received final assay results for the first diamond drilling program at Sybil (100% owned), part of the Ravenswood Consolidated Project, near Charters Towers in north Queensland. The program targeted low-sulphidation epithermal gold mineralisation and was the first at Francis Creek in around 20 years. Significant gold has been returned in 12 out of 14 holes, including 4.5m @ 17.23g/t Au, 1.5m @ 2.91g/t Au, and 2.4m @ 3.55g/t Au. The results have been incorporated into an updated geological interpretation, confirming the steeply north-dipping A Vein and identifying additional exploration targets. Native title clearance surveys are underway at Francis Creek, Francis Creek East and Blue Range, paving the way for further drilling in early 2026. A heli-borne magnetic survey will also commence in November-December 2025 to support future drill targeting.

Exploration is ongoing at Sybil with heritage clearances and magnetic surveys in preparation for further drilling in early 2026. Gold-focused drilling is set to recommence at Liontown to bring shallow mineralisation to mining readiness.