Sunshine commences Airborne Magnetics Survey at Sybil

• A 2,079 line-km airborne magnetic and radiometric survey has commenced.
• Survey covers all priority prospect areas, including Francis Creek.
• Data acquisition expected to be completed within 4-5 days.

Sunshine Metals Limited (ASX:SHN) has initiated a comprehensive 2,079 line-km airborne magnetic and radiometric survey at its Sybil low-sulphidation epithermal gold project in northeast Queensland. This survey, the first of its kind across the project area, will cover all priority prospect areas including Francis Creek, Francis Creek East, Blue Range, and Quartz Ridge. The survey aims to map the stratigraphic and structural framework, providing critical insights into the controls on gold mineralization and assisting future target generation. Data acquisition is expected to be completed within 4-5 days, with data processing to commence shortly thereafter. Cultural heritage surveys have progressed alongside drilling preparations and reconnaissance work at new prospects. Drilling is set to commence at Francis Creek, Francis Creek East, and Blue Range in late June 2026. The Company is well funded to accelerate exploration activities across its portfolio of Queensland projects following its recent $19M Share Placement and $7.6M Share Purchase Plan.

The survey will provide fundamental baseline datasets to support exploration targeting, geological interpretation, and future resource growth opportunities at the Sybil Project.