Sunshine Metals Reports Quarterly Activities
Key points
- Liontown Mining Study delivers robust results including initial production target of ~75Koz @ 2.96 g/t Au, and 654Koz Ag @ 25.73g/t Ag
- Drilling results return up to 1m @ 136.00g/t Au & 9,960g/t Ag
- Resource definition drilling completed at Liontown Gold Panel
Full summary
Sunshine Metals Limited has reported its quarterly activities for the period ended 31 March 2026. The key highlights include the delivery of a scoping-level Mining Study for the Liontown Project, which demonstrates a robust economic case with an initial production target of ~75Koz @ 2.96 g/t Au and 654Koz Ag @ 25.73g/t Ag. The study generated estimated net operating cashflow of ~$163M based on gold and silver prices of A$6,500/oz and A$100/oz, respectively. The company also reported exceptional drilling results from the Liontown deposit, including 1m @ 136.00g/t Au & 9,960g/t Ag within a broader zone of 30m @ 6.68g/t Au & 528g/t Ag. Additionally, Sunshine Metals completed a resource definition drilling program at the Liontown Gold Panel to improve resource confidence. The company was also awarded a $202,235 grant from the Queensland Government's Collaborative Exploration Initiative to fund a drilling program at the Trooper Creek Au-Cu-Zn prospect.
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