• Resource definition drilling (41 holes for 2,777m) commenced at the Liontown Gold Panel
• The Au Panel is a high-grade, gold-dominant mineralised horizon with existing Resource of 247Kt @ 7.35g/t Au and 11g/t Ag
• Previous drilling returned stellar intersections including 17m @ 22.05g/t Au and 20m @ 18.21g/t Au

Sunshine Metals Limited has commenced resource definition drilling at the high-grade, gold-dominant Gold Panel (Au Panel) horizon at Liontown. The Au Panel is a steeply dipping, gold-dominant mineralised horizon incorporated into the recently published Liontown Mining Study, with an existing Resource of 247Kt @ 7.35g/t Au and 11g/t Ag, for 58.2Koz of Au and 87Koz of Ag. Previous drilling at the Au Panel by Sunshine has reported stellar intersections including 17m @ 22.05g/t Au from 67m and 20m @ 18.21g/t Au from 114m. The 41-hole (2,777m) resource definition drilling program will further improve Resource confidence in this area, provide samples for additional metallurgical data in preparation for potential mining, and assess extension opportunities. Sunshine is also eagerly awaiting the finalised assays from the open-pit grade control drilling program at Liontown, expected in March 2026, which will further strengthen the path to production. A shallow gold Resource upgrade at Liontown is expected in April 2026, incorporating results from the recent grade control drilling program and to be integrated into an updated Mining Study.

Sunshine has a busy period ahead with key activities and milestones including the release of Liontown grade control drilling results in March 2026, commencement of Sybil field work in April 2026, and a Liontown shallow gold resource upgrade in April 2026.