• Acquisition of 100% of the Mt Moss Operation for $18M
• Mt Moss has a 300Ktpa processing facility to be converted to gold processing
• Refurbishment and construction expected to be completed by mid-2027

Sunshine Metals Ltd (ASX:SHN) is pleased to announce the acquisition of 100% of the Mt Moss Operation, a 300Ktpa processing facility, for a total consideration of $18M. Mt Moss will be transformed into a gold processing facility with the addition of leaching, elution and refining components. The acquisition provides critical milling infrastructure on a permitted Mining Lease that will enable a rapid, low-cost conversion to a gold processing facility. Refurbishment, construction and final permitting at Mt Moss is expected to be completed for first gold processing in the June 2027 quarter. Sunshine has also announced a $22M capital raising comprising a $19M placement and a $3M share purchase plan to fund the Mt Moss acquisition, Liontown mine start-up, exploration and resource development, and working capital. The broader Mt Moss region contains a range of highly prospective copper, zinc, gold, silver, tin, tungsten and bismuth targets, with the acquisition also providing Sunshine with the eastern extension of the highly prospective Sybil epithermal gold belt.

Refurbishment, construction and final permitting at Mt Moss is expected to be completed for first gold processing in the June 2027 quarter.

Sunshine has rapidly become a dominant player in the Charters Towers district with a highly prospective 5,307km2 lease holding, a Resource base of 929Koz AuEq and an emerging gold discovery at Sybil. Mt Moss is the next step in Sunshine's rapid progression from explorer to developer, providing a clear path to production.