Sunshine Divests Non-Core Hodgkinson Project

• Sunshine Metals Ltd finalized a binding agreement to sell Hodgkinson Project to EQ Resources Ltd for $250,000 in cash.
• Completion expected in or before August 2026, subject to regulatory and third-party consents.
• Sale allows Sunshine to focus on Mt Moss Gold Plant and Sybil epithermal field.

Sunshine Metals Limited (ASX:SHN, 'Sunshine') has signed a binding agreement to divest its Hodgkinson Project in Queensland to EQ Resources Ltd (ASX:EQR, 'EQ') for $250,000 in cash, subject to completion. The transaction includes $100,000 payable on agreement execution and $150,000 upon completion. EQ Resources will acquire 100% interest in the six Hodgkinson Project tenements. The sale is expected to complete in or before August 2026, pending regulatory approval and third-party consents. The divestment will enable Sunshine to concentrate on refurbishment and construction of the Mt Moss Gold Plant and exploration of the Sybil epithermal gold targets.