• Sunshine awarded $202,235 grant through Round 10 of the Queensland Government's Collaborative Exploration Initiative (CEI)
• CEI grant to fully fund a single diamond drill hole at the Trooper Creek Au-Ag-Cu-Zn target
• The drill hole will test a coincident chargeability and conductivity anomaly which may represent subsurface sulphide mineralisation

Sunshine Metals Limited (ASX:SHN) is pleased to advise it has been awarded a $202,235 grant to fund a single diamond drill hole at the Trooper Creek Au-Cu-Zn prospect in Queensland. The funding has been awarded through Round 10 of the Queensland Government's Collaborative Exploration Initiative (CEI) program. The Trooper Creek prospect is a gold, silver, copper and zinc target located 35km south of Charters Towers and 23km east of Sunshine's flagship Liontown deposit. Historical exploration has identified significant base metal soil anomalism, including >150ppm Cu, >500ppm Pb and >500ppm Zn, as well as encouraging drill results such as 6m at 1.65g/t Au from 4m. Red River Resources Ltd's previous IP surveying identified a coincident chargeability high and resistivity low anomaly, interpreted to represent a potential subsurface sulphide body. Sunshine is targeting Au-Ag-Cu-Zn mineralisation of volcanogenic massive sulphide (VMS) style at Trooper Creek, with the prospect hosted within the same stratigraphy that hosts several known VMS deposits in the region. The CEI grant will support a single 650m diamond drill hole designed to test the centre of the chargeability anomaly, with drilling expected to commence in June 2026.