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Sunshine Gold Ltd ( (AU:SHN) ) has provided an update.
Sunshine Metals Ltd has outlined its growth plans around its Queensland projects, highlighting the large-scale potential of its Liontown and Plateau systems and the metallurgical assumptions underpinning its zinc-equivalent resource calculations. The company emphasises the multi-commodity nature of Liontown, where different lode types contribute varying proportions of gold and zinc value, and confirms that competent persons have signed off on the exploration and mineral resource data, reinforcing the technical basis for its development strategy.
Detailed parameters for metal recovery and pricing used in zinc-equivalent grades are disclosed, with adjustments for transition and oxide ores at Liontown and Waterloo to reflect differing recoveries. By formalising these assumptions and confirming that all included elements have reasonable prospects of recovery and sale, Sunshine Metals seeks to provide investors with clearer insight into the economic potential and development pathway of its key Queensland assets.
More about Sunshine Gold Ltd
Sunshine Metals Ltd, listed on the ASX as SHN, is an Australian mineral exploration and development company focused on multi-metal projects in Queensland. Its portfolio includes the Liontown and Plateau deposits, targeting gold, copper, zinc, lead and silver systems with significant resource potential supported by ongoing metallurgical test work and JORC-compliant resource estimates.
Average Trading Volume: 7,304,952
Technical Sentiment Signal: Buy
Current Market Cap: A$85.06M
See more insights into SHN stock on TipRanks’ Stock Analysis page.