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Sunshine Gold Ltd ( (AU:SHN) ) has provided an update.
Sunshine Metals Limited has announced a significant upgrade to its Liontown shallow gold resource, increasing it by 14% to 108,000 ounces. This upgrade, resulting from successful infill drilling, enhances the company’s resource confidence and supports ongoing discussions with potential partners. The mining study, which includes geotechnical and environmental assessments, is on track for completion in January 2026, positioning Sunshine Metals to commence gold production in 2026.
More about Sunshine Gold Ltd
Sunshine Metals Limited, listed on the ASX under the ticker SHN, is a company focused on gold mining, particularly at its Ravenswood Consolidated Project in North Queensland. The company is targeting first production in 2026 and is involved in the extraction of gold and silver resources.
Average Trading Volume: 13,592,780
Technical Sentiment Signal: Buy
Current Market Cap: A$43.78M
See more data about SHN stock on TipRanks’ Stock Analysis page.