Mt Moss Acquisition Completed & Production Pathway Advanced

• Sunshine Metals Ltd completes acquisition of Mt Moss Operation for $18 million.
• Engineering and design work for Mt Moss restart is progressing rapidly.
• Mt Moss refurbishment and construction on track for first gold processing in mid-2027.
• Sunshine remains well funded with $19 million Share Placement and $7.6 million Share Purchase Plan.
• Drilling at Sybil Gold Project set to commence in early July 2026.

Sunshine Metals Ltd has completed the acquisition of the Mt Moss Operation in North Queensland for $18 million. The acquisition includes a processing plant with two ball mills (~300Ktpa capacity), a tailings storage facility, and extensive supporting infrastructure. Engineering and design work for Mt Moss restart is progressing rapidly, with detailed plant design scheduled for completion in August 2026. Plant refurbishment, construction, and permitting remain on track to support first gold processing from Liontown in mid-2027. Sunshine remains well funded following a $19 million Share Placement and $7.6 million Share Purchase Plan. Preparations for drilling at the Sybil Gold Project are nearing completion ahead of drilling commencing in early July 2026.

First gold processing from Mt Moss expected in mid-2027.

Sunshine Metals Ltd is optimistic about the future of Mt Moss and its role in transitioning to gold production from the Liontown Project.