Sunshine Metals' Resource Upgrade

Sunshine Metals (ASX:SHN) has announced a substantial upgrade to its resources at the Ravenswood Consolidated Project near Charters Towers, Queensland. The total Volcanogenic Massive Sulphide Resource has increased by 28% to 6.99 million tonnes at 4.0 g/t gold equivalent, containing 904,000 ounces of gold equivalent. This upgrade is primarily due to the significant rise in the Liontown Resource.

Overview and Future Outlook for Sunshine Metals

Sunshine Metals has significantly upgraded its resource at the Ravenswood Consolidated Project, marking a 28% increase in total Volcanogenic Massive Sulphide Resource. The Liontown Resource, a key component of this increase, rose by 53%. The company has optimized metallurgical recoveries, achieving high rates for copper and gold, which enhances the project's economic potential. Future exploration will target the western extensions of Liontown and other prospects like Cougartown and Tigertown. Sunshine Metals aims to expand its gold and copper resources, aligning with market demands and strengthening its regional presence.

Executive Commentary on Resource Upgrade

This resource upgrade at Ravenswood highlights the significant potential of the project. The increase in tonnes and the improved metallurgical recoveries are pivotal for the project's economic viability. We are excited to continue our exploration efforts, particularly in the promising western extensions of Liontown.