Sunshine Metals launches exploration survey

Sunshine Metals (ASX:SHN) has commenced an Induced Polarisation (IP) survey at its Coronation and Coronation South prospects, part of the Ravenswood Consolidated Project in North Queensland. Located near the historic Highway Reward Mine, these prospects are pivotal for identifying drill-ready gold-copper targets aimed for exploration in 2025.

Overview and future outlook of Sunshine Metals' exploration

Sunshine Metals is actively advancing its exploration efforts at the Ravenswood Consolidated Project in North Queensland by initiating an IP survey at the Coronation and Coronation South prospects. These areas are strategically located near the historic Highway Reward Mine, known for significant copper and gold production. The primary objective of the IP survey is to integrate geophysical data with existing soil geochemical data to improve the precision of drill targets, with results anticipated in early 2025. Sunshine Metals plans to leverage historical successes of nearby mining operations to guide their exploration strategy and prepare for a comprehensive drilling program by 2025. The company also aims to complete the Triumph divestment and release an update on the Liontown Resource by December 2024, alongside results from other project areas. These activities underscore Sunshine Metals' commitment to expanding its resource base and exploring new opportunities in North Queensland.

Executive commentary on exploration initiatives

The IP survey is a critical step in refining our drill-ready targets at Coronation and Coronation South. The integration of geophysical and geochemical data will enhance our understanding of the mineralization and guide our exploration strategy for 2025.