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An announcement from Sunshine Gold Ltd ( (AU:SHN) ) is now available.
Sunshine Metals reported a 14% increase in the shallow gold resource at its Liontown deposit to 108,000 ounces, with an advanced mining study now evaluating 0.8 million tonnes at 4.3 grams per tonne gold plus significant silver credits, underpinning the company’s goal of first production in 2026 from the Ravenswood Consolidated Project. The quarter also delivered outstanding high-grade results from diamond drilling at the Sybil (Francis Creek) prospect, identification of seven high-priority VMS conductors from a government‑supported VTEM Max survey, and strong near-surface gold and silver grade-control intercepts at Liontown, collectively reinforcing Sunshine’s strategy to fast-track low-capex cash flow and strengthen its position in the North Queensland gold and base metals sector.
The most recent analyst rating on (AU:SHN) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Sunshine Gold Ltd stock, see the AU:SHN Stock Forecast page.
More about Sunshine Gold Ltd
Sunshine Metals Ltd is an Australian mineral exploration and development company focused on gold, copper, zinc, lead, silver and molybdenum projects in North Queensland. Its flagship 1,760km² Ravenswood Consolidated Project near Charters Towers sits in a prolific mining district and already hosts a substantial polymetallic resource, with the company pursuing a near‑term, low‑capex production strategy targeting shallow oxide gold mineralisation.
Average Trading Volume: 6,453,415
Technical Sentiment Signal: Buy
Current Market Cap: A$74.75M
See more insights into SHN stock on TipRanks’ Stock Analysis page.