• Acquires Mt Moss processing plant for A$18M
• Capex of A$28.5M to restart plant for gold production
• Targeting first production in June 2027
• Exploring opportunities to add base metal circuit

Sunshine Metals Ltd has announced the acquisition of the Mt Moss processing plant in Queensland for A$18M. The plant includes a 1.5Mtpa crushing and grinding circuit, a tailings dam, workshop, office and camp facilities. Sunshine Metals plans to restart the plant with a A$28.5M capex investment, targeting first gold production in June 2027. This will provide a low-cost route to production, leveraging the existing infrastructure. The company is also exploring opportunities to add a base metal circuit to the plant, given the nearby Liontown deposit which contains 6.3Mt @ 10% ZnEq, and historical drilling at Mt Moss which intersected 20m at 4.4% Cu and 12m at 19% Zn. Separately, Sunshine Metals has an emerging high-grade epithermal gold discovery at the Sybil project, located 25km from the Mt Moss plant, with recent drilling results including 4.4m at 57.51g/t Au. The company is undertaking a A$22M capital raising to fund the Mt Moss acquisition and restart.

Sunshine Metals is focused on extending the mine life at its Liontown gold project, growing the resource at the Sybil gold discovery, and exploring opportunities to add a base metal circuit to the Mt Moss processing plant to leverage the nearby Liontown and Mt Moss base metal potential.